Latest Loom news
Crypto Gloom: New Investors Using Dips for Gains
Even as major cryptocurrencies are reeling under immense selling pressure over the last few weeks, new entrants in the markets are hopeful of recovery to offset losses and are making fresh investments on dips for long-term gains. After a relentless battering over the weekend, the top two coins, Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), have pared some of their losses and are trading above $20,000 and $1,000 respectively. After making a low of $17,772 on Sunday, BTC has recovered around 9% and is currently trading at $20,650. ETH made nose dived to $898 yesterday, is up by over 13% today, and is currently trading at $1,120. The total market capitalization of cryptocurrencies currently stands at 902.1 billion, a far cry from an all-time high of $3.1 trillion in November 2021. Invested in products with utilities Aliasgar Merchant, an investor based in Mumbai, says while he believes that the bearish phase shall pass soon, he has only invested in projects he thinks are absolutely worth it and will survive the test of bear markets. “I have totally refrained from buying shitcoins and worthless tokens that have low potential. Quick money is a big scam. That said, there are a few things that are concerning me as well. The recent fall of Terra is an indicator that even ‘good-looking’ projects may not survive the bear market,” he says. He added that he will continue “Hodling” his existing portfolio and also take the opportunity to buy new cryptos at a discounted rate. “However, I’m prepared that my crypto portfolio will look red for the next 2 years,” he says. Taking comfort in historical data Noel Saldanha, an after-sales professional at a leading Original Equipment Manufacturer, says the recent decline in prices of most crypto tokens is unnerving and he is taking comfort in historical data, that states that cryptos have bounced back smartly in the past. “This time, the decline seems to stem from something rather more fundamental in nature. Only time will tell how the crypto space digests the crash of once highly regarded crypto tokens like Terra and whether we have bottomed out in terms of prices. On the personal front, there seems to be no other option but to hold all crypto holdings while being cautious about further capital infusion,” Saldanha says. Invested on friends' recommendations Insiyah Kojawala a network quality analyst at an advertising company, says during the 2021 bull market, she saw a lot of her friends and colleagues getting attracted to cryptocurrencies and like other first-time investors, she too sought guidance from friends and online experts on which cryptos to invest in. “Seeing the recent downturn of the market is very difficult for me. Especially when almost my entire portfolio has fallen by 80%. The bear market obviously worries me a lot, but I’m following the strategy of holding my assets while the bear markets last,” she says. “One of the reasons I am able to do so is because I have invested only 30% of my investment portfolio in cryptos. I do not need to liquidate any of my assets for any immediate short-term needs. However, if the trend continues and the crypto projects I have invested in cease to exist, there will be a huge blow to my financial health,” Kojawala adds. Seeks regulations Kutbuddin Dahiwala, an advocate and a tax consultant, says while tokens like BTC, ETH, Solana (CRYPTO: SOL), Ripple (CRYPTO: XRP), and ATOM (CRYPTO: ATOM) are at attractive prices for investments with a five-year horizon, clarity from governments on regulations is needed for new investors to make quality returns. "What we need is clarity from governments, at least on long-term investments. It is risky to invest in cryptos, however great an opportunity this may be in the long run, if governments are not supportive,” he says. Very risky Adil Mapari, a retailer dealing in consumer products, says cryptocurrencies more than halving in value from their all-time highs only reinforces his stand that investments in the digital assets are “very risky” and not to be done unless one has funds they are willing to lose. “While I have parked 10% of my investments in cryptos, my portfolio is down almost 99%. While this may not have a huge bearing on my financial health, I would have been at much more peace if I had done my research thoroughly. There are dozens of experts we find online who advise on crypto investments. I too invested in taking the advice of the online gurus,” Mapari says. He adds that the dip has been an eye-opener for him and that research has to be done by the investor, without relying on external factors. “I have used the dips to the fullest this time and am very confident that since my research is in place, I do not have to worry about losing money over the next 2 years at least,” Mapari says. © 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.Benzinga•
Iran cuts electricity to licensed crypto miners: Bloomberg
Iran will cut the power supply to crypto miners from June 22 as it faces increased demands for power. The post Iran cuts electricity to licensed crypto miners: Bloomberg appeared first on The Block.
Israel working with Hong Kong to test digital currency risk, Bloomberg says
The testing process will assess whether an "exposure free" approach makes a CBDC less vulnerable to hackers. The post Israel working with Hong Kong to test digital currency risk, Bloomberg says appeared first on The Block.
This Week in Coins: Bitcoin and Ethereum Crash More Than 30% as Recession Fears Loom
The Federal Reserve also introduced the biggest interest rate hike since 1994, and crypto lender Celsius evoked memories of Terra.
GBTC Discount Hits All-Time Low as SEC Bitcoin ETF Decision Looms
The Grayscale Bitcoin Trust continues to trade at a discount, as the July deadline for its Bitcoin ETF application with the SEC draws ever nearer.
Crypto-SPAC Deals Stuck In SEC Lag As Demand Falls After Crash: Bloomberg
Crypto companies confront yet another challenge on top of the ones they already face. This time, the industry has been stuck in a lengthy back-and-forth with U.S. regulators since last year's boom, writes Bloomberg. Related: Could Terra's Stablecoin Struggles Affect The Circle SPAC Deal And Valuation? What happened: According to people familiar with the matter, bids to merge with blank-check companies (SPACs) are being scrutinized by SEC accountants because the asset class poses new bookkeeping concerns. While the SEC has increased scrutiny of all agreements involving special purpose acquisition firms, the delays are especially concerning for virtual-coin companies that are already reeling from a severe market collapse, writes Bloomberg. Related: SEC Chair Gensler Says Crypto Exchanges' Operating Outside Of The Law': What You Need To Know "This is just another brick in the obstacle wall that has been steadily constructed by the SEC to impede crypto developments," stated Gary DeWaal, chair of Katten Muchin Rosenman's financial markets and regulation practice, told Bloomberg. According to data and analytics source SPACInsider, the regulator now takes twice as long to review paperwork from crypto companies as it does from other industries in some cases. © 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.Benzinga•
EU said to be nearing agreement on crypto regulation, Bloomberg reports
France, the current EU chair, and the European Parliament are optimistic about resolving a regulatory agreement before the end of this month, according to people familiar. The post EU said to be nearing agreement on crypto regulation, Bloomberg reports appeared first on The Block.
Bloomberg expands terminal data offering with 40 new cryptocurrencies
Bloomberg announced on Thursday that it had expanded its Bloomberg Terminal coverage to include data on 50 cryptocurrencies. The post Bloomberg expands terminal data offering with 40 new cryptocurrencies appeared first on The Block.
SEC is investigating Binance’s BNB token: Bloomberg
The Securities and Exchange Commission (SEC) is investigating whether Binance's BNB token was a security at the time of its sale in 2017, according to Bloomberg. The post SEC is investigating Binance’s BNB token: Bloomberg appeared first on The Block.
White House office report on crypto mining expected in August: Bloomberg
A study on the impact of crypto mining from the White House Office of Science and Technology Policy might be published in August. The post White House office report on crypto mining expected in August: Bloomberg appeared first on The Block.
Crypto exchange Rain Financial dismisses dozens of employees amid downturn, Bloomberg says
Earlier this week, US-based crypto exchange operator Gemini slashed about 10% of its workforce. The post Crypto exchange Rain Financial dismisses dozens of employees amid downturn, Bloomberg says appeared first on The Block.
This article discusses the current LOOM price and the LOOM price predictions provided by reliable sources. Can LOOM reach a new all-time high in the future? What does the LOOM coin technical analysis indicate? Why is it important? What will the LOOM price look like in 2021-2025? Is the LOOM coin a good investment right now? Let’s dive in and decide for ourselves.
Loom Real-Time Status
LOOM current price, market cap, and volume. These variables are important indicators of the coin’s current market position. All the data, easily accessible via the Real-Time Status widget
Market capitalization is calculated by multiplying the coin’s price with its circulating supply and is used for measuring the value of a cryptocurrency.
Volume indicates the total amount of trades happening at the moment. Experts recommend looking out for a volume to market cap ratio under 1.0.
Catch up with the latest crypto data by using the widget below.
Loom Technical Analysis
Knowing the principles of technical analysis is essential for making the most accurate price forecasts. Technical analysis is used by professional experts to analyze and predict future price movements. Technical analysts discover previous price movement patterns and compare them to the current figures. By doing that, they make an assumption that the past pattern will occur in the future again, according to key variables. Technical analysis is the best way to make your own price forecast and determine your chances of profiting.
You can check the LOOM price through CoinJoy's crypto portfolio tracker. Choose LOOM from the list of coins or type its name in the search bar. Choose the number of coins, time and the date they were purchased. The algorithm will calculate the token price at the time of purchase and convert it to US dollar, based on the current value.
The token can also be added to the Portfolio. Your Portfolio does not only show the current price of the asset but your real-time losses and profits since the purchase as well. It’s a convenient way to track your holdings and always be aware of the token price changes.
How To Buy Loom
You can choose one or a few ways to purchase LOOM. First and foremost, your wallet must support the token. Wallets like Ledger, Coinomo, Trezor support LOOM tokens and allow you to store them. Locate the LOOM address starting from 0x. Sign up with LOOM and purchase the tokens with fiat money or other cryptocurrencies through one of the exchanges: Binance, PancakeSwap, UniSwap.
Purchase as many LOOM coins as you want with any supported asset or fiats. However, you will most likely have to pay higher fees.
There are various other exchange services that may support LOOM. It is recommended not to keep your coins on the exchange platform for a long time, and instead transfer them to your wallet.
Loom Price Prediction 2022
We have gathered the latest Loom price prediction results from some of the most reliable sources, namely Wallet Investor, Trading Beasts, and PricePrediction.net.
Wallet Investor is prominent that Loom prices will increase, forecasting a potential bullish trend in 2022. According to the website algorithm, investors may be expecting an average of $0.085, with a potential maximum of $0.085, and a minimum of $0.019.
Trading Beasts has set the following targets for Loom in 2022: an average of $0.063, a maximum of $0.076, and a minimum of $0.05. Based on the provided data, purchasing Loom might be a good long-term investment.
PricePrediction.net has come out with a positive price prediction for Loom: an average of $0.052, and a minimum of $0.05 is what holders could be anticipating in 2022.
Loom Price Prediction 2023
According to Wallet Investor, Loom prices are estimated to show positive uptrend signs in 2023, reaching an average of $0.089, with an expected maximum of $0.089, and a minimum of $0.013.
Based on the information provided by key indicators, PricePrediction.net believes that Loom prices could grow next year. The website forecasts the following prices for Loom: an average of $0.077, a maximum of $0.089, and a minimum of $0.075.
Similarly, Trading Beasts indicates an average of $0.025, a maximum of $0.026, and a minimum of $0.024 for Loom.
Loom Price Prediction 2024
As for 2024, Wallet Investor is bullish on Loom. Investors should watch out for a potential average of $0.13. The website also indicates a maximum of $0.13 and a minimum of $0.005 in two years.
PricePrediction.net has set an average of $0.11, a maximum of $0.13 and a minimum of $0.11 for Loom in two years, therefore predicting value growth for the token.
Trading Beasts expects a continuous negative trend for Loom throughout 2024. The prices are likely to range between a maximum of $0.005 and a minimum of $0.004, with an average price reaching $0.005.
Loom Price Prediction 2025
Furthermore, PricePrediction.net is seemingly enthusiastic about Loom prices in 2024. The website forecasts that the price may go up to as much as $0.2. The expected average price is set at the $0.17 level, whereas the expected minimum price is $0.16.
In 2025 Wallet Investor views Loom negatively. According to the website algorithm, the expected average price is $0.003, with potential maximum and minimum prices reaching $0.002 and $0.001 respectively.
Trading Beasts is also indicating a decrease in Loom prices, starting from the minimum of $0.022 and reaching as much as $0.037. The expected average price is $0.03.
Loom Price Prediction 2030
Last but not least, based on the sentiment from PricePrediction.net, Loom prices will continue to grow in the long run, with the average price reaching the $1.03 level. The expected maximum price is $1.22 and the potential minimum is $1.
According to the long-term forecast from Wallet Investor, Loom has bad investment potential. The prices could reach $0.003 on average, whereas the maximum price could go up to as much as $0.004, and the minimum price could hit the $0.002 point.
Trading Beasts predicts that the bearish trend will remain strong for Loom in 2030. Investors could be expecting an average of $0.032. The maximum and minimum prices might hit $0.041 and $0.022 respectively.
Predicting crypto market is challenging. It is hard to forecast the exact price movement. Before you decide to invest in the cryptocurrency of your choice, we strongly recommend learning more about the coin itself and get familiar with the project's roadmap. Remember to always do your own research.
Is Loom a good investment?
According to the experts' forecasts, Loom will be a good investment.
Does Loom Have Potential?
The LOOM is already a quite popular cryptocurrency, gradually approaching the new highs on Coinmarketcap's market cap ranking. The project has developed strong partnerships with many giants of the cryptocurrency industry. Since Loom forecast is positive, It has potential.
How much will Loom be worth in 2022?
In 2022 the price of LOOM is expected to reach $0.06, based on the forecasting from various sources.
How much will Loom be worth in 2023?
In 2023 the price of LOOM is expected to reach $0.089, based on the forecasting from various sources.
How much will Loom be worth in 2024?
In 2024 the price of LOOM is expected to reach $0.13, based on the forecasting from various sources.
How much will Loom be worth in 2025?
In 2025 the price of LOOM is expected to reach $0.2, based on the forecasting from various sources.
How much will Loom be worth in 2030?
In 2030 the price of LOOM is expected to reach $1.22, based on the forecasting from various sources.