Loom Network
Market Open
29 Mar, 15:58
$
0. 067300
+0.0009
+1.3554%
$
12.78M Volume
$ 0.0664
Previous Close Want to track LOOMUSD and more in your Portfolio? 🎯
Sign up for Marketlog, a portfolio tracker that will exceed your expectations!
LOOMUSD Overview
LOOMUSD denotes the market price of Loom Network’s native token (LOOM) expressed in US dollars. It provides a real-time valuation used by traders and investors to buy, sell or benchmark the token against fiat currency.
Loom Network is a blockchain-based project introduced in 2017 and developed by the Loom Network team. LOOM was originally issued as an ERC-20 token and is associated with Layer‑2 scaling solutions and sidechain infrastructure intended to support decentralized applications. The token functions within the Loom ecosystem and has been used to facilitate network operations and economic incentives.
The LOOMUSD exchange rate is determined by supply and demand across cryptocurrency marketplaces. Liquidity on centralized and decentralized exchanges, order-book depth, market sentiment, protocol updates, partnerships and broader macroeconomic and regulatory developments all influence price formation. Arbitrage between venues and on‑chain activity can also affect short-term movements.
LOOMUSD is important because it provides a fiat-denominated reference for valuation and trading, enabling portfolio allocation, speculative strategies and risk management. Market participants often monitor LOOMUSD to gauge network adoption and to execute entry or exit decisions.
As with many altcoins, LOOM can exhibit elevated volatility and liquidity varies by exchange; traders should consider spreads, trading volume and market depth when executing positions.
Loom Network is a blockchain-based project introduced in 2017 and developed by the Loom Network team. LOOM was originally issued as an ERC-20 token and is associated with Layer‑2 scaling solutions and sidechain infrastructure intended to support decentralized applications. The token functions within the Loom ecosystem and has been used to facilitate network operations and economic incentives.
The LOOMUSD exchange rate is determined by supply and demand across cryptocurrency marketplaces. Liquidity on centralized and decentralized exchanges, order-book depth, market sentiment, protocol updates, partnerships and broader macroeconomic and regulatory developments all influence price formation. Arbitrage between venues and on‑chain activity can also affect short-term movements.
LOOMUSD is important because it provides a fiat-denominated reference for valuation and trading, enabling portfolio allocation, speculative strategies and risk management. Market participants often monitor LOOMUSD to gauge network adoption and to execute entry or exit decisions.
As with many altcoins, LOOM can exhibit elevated volatility and liquidity varies by exchange; traders should consider spreads, trading volume and market depth when executing positions.
LOOMUSD Chart
LOOMUSD FAQ
What is the current Loom Network price?
The current price is $0.067300, based on the latest trades across major cryptocurrency exchanges.
What does the price change mean?
The price has changed by +0.0009 (+1.3554%), showing how much the asset has moved compared to the previous close.
What is the previous close for Loom Network?
The previous close was $0.066400, which serves as a reference point to measure daily performance.
How is the daily change percentage calculated?
The change percentage (+1.3554%) is calculated based on the difference between the current price and the previous closing price.
What does the daily range show?
The range reflects the lowest ($0.064100) and highest ($0.067400) prices traded during the selected period, helping assess volatility.
Why is Loom Network (LOOM) moving today?
Price movements in Loom Network are driven by market sentiment, trading volume, news, adoption, and overall crypto market conditions.
Is the current trend bullish or bearish?
If the current price ($0.067300) is above the previous close ($0.066400), it indicates upward momentum. If below, it suggests a downward trend.
Where can I see live charts for Loom Network?
You can view real-time charts, price updates, and market data for Loom Network (LOOM) directly on this page.
