- LOOM’s price skyrockets by 550% in merely three weeks.
- Upbit’s LOOM/KRW spot trading contributes a massive $360 million, covering 53.8% of the total volume.
- Loom Network’s 24-hour future trading volume hits an impressive $2.4 billion.
The Loom Network, a gaming operation platform, has caught the crypto world’s attention with a staggering 550% price hike in just under a month. This remarkable ascent places LOOM squarely in the spotlight, with traders and investors keen to understand the dynamics driving this bull run.
A significant contributor to this surge is the LOOM/KRW spot trading on Upbit, which has reported a whopping volume of $360 million. Astonishingly, this accounts for 53.8% of the entire trading volume for LOOM, underlining the South Korean exchange’s influential role in this uptrend.
Adding to the fervor, the trading volume for LOOM futures over the past 24 hours reached a mind-boggling $2.4 billion. These numbers not only signify a strong momentum for LOOM but also hint at the growing interest and confidence of investors in the Loom Network’s potential.
But what exactly is the Loom Network? Primarily, it’s an operating platform tailored for games, offering a scalable and developer-friendly environment. As the gaming industry continues its expansion, platforms like the Loom Network, which bridge the gap between gaming and blockchain, become even more pivotal. The recent price surge might be a testament to the market recognizing the platform’s value proposition in this booming sector.
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