Loom Network LOOM The live Loom Network price today is IDR 589.0828782 with a 24-hour trading volume of IDR 89,457,415,390. We update our LOOM to price in real-time. Loom Network is 1.89069% in the last 24 hours. The current ranking is #319, with a live market cap of IDR 718,344,224,200. It has a circulating supply of 1,219,430,000 LOOM coins and a max. supply of 0 LOOM coins.
If you would like to know where to buy Loom Network , the top cryptocurrency exchanges for trading in Loom Network stock are currently Binance, OKEx, CoinFLEX, and CoinTiger.
"Loom Network (LOOM) is an Ethereum token that powers a network of delegated proof of stake sidechains (a system that Loom dubs “EOS on Ethereum”). This allows for highly-scalable games and user-facing dApps backed by the security of Ethereum."
The combination of technical and non-technical analysis is very important before deciding to buy a crypto asset, in this case Loom Network (LOOM). Technically you can combine several indicators to get the right formula for determining the entry point Loom Network. For example, you can use the MACD indicator to find the ideal crossover point, then combine it with the RSI to measure the saturation point of sellers and buyers.
Besides technical, non-technical factors also need to be analyzed. "News" can affect the price of an asset both in the short and long term, good news or a new project from Loom Network can lead to positive sentiment which results in an increase in the exchange rate in trading. On the other hand, bad news from Loom Network can have a depreciating effect on the asset's value. Apart from this, news or policies related to the global economy can also affect the value of Loom Network. So make sure you have analyzed these factors before starting to trade.
In addition to entry points, you should also know when is the best time to sell Loom Network. So when is the right time? the following are brief tips.
Those are some brief tips that you can use as parameters in buying or selling Loom Network, of course, besides that there are many other indicators that you can use to trade/invest.