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.
Read CRYPTONEWSLAND onA 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.
This transition is generating considerable buzz, especially as #RetikFinance prepares for its exchange listings on…
#BEFEcoin has become a hot topic in the crypto community, making it more likely to…
#Algorand and #VeChain prints #bullish signals as both #altcoins #ALGO and #VET are set to…
A surge of over 400% in the coin's price could see it touch new highs,…
🚀💰 Don't miss out on the top 4 high-potential altcoins ready to surge! Aave, Bonk,…
Renowned #crypto and #Bitcoin analyst #DoctorProfit says #BTC price is heading to $80,000 next and…