- Bullish LOOM price prediction ranges from $0.187 to $0.207.
- LOOM price might also reach $0.4 this 2023.
- LOOM’s bearish market price prediction for 2023 is $0.031.
What is Loom Network?
Loom Network dubs itself as the multichain interop platform with its production starting way back in 2018. Loom Network boasts that it has been optimized for scaling high-performance Dapps. Loom Network. Loom Network focuses on servicing developers who require a fast and smooth user experience. Loom allows developers to integrate assets from major chains such as Bitcoin, Ethereum, Binance Chain, and Tron.
LOOM is a proof-of-stake token and secures the network. The token can also be utilized for making payments on the Loom Network. Apart from the fast, scalable, and frictionless user experience, the Loom network also offers access to a massive user base and security.
Table of contents
- What is Loom Network?
- LOOM Network Market Overview
- LOOM Current Market Status
- LOOM Price Analysis 2023
- LOOM Price Prediction 2023-2030 Overview
- LOOM Price Prediction 2023
- LOOM Price Prediction 2024
- LOOM Price Prediction 2025
- LOOM Price Prediction 2026
- LOOM Price Prediction 2027
- LOOM Price Prediction 2028
- LOOM Price Prediction 2029
- LOOM Price Prediction 2030
- LOOM Price Prediction 2040
- LOOM Price Prediction 2050
LOOM Network Market Overview
|🪙 Name||Loom Network (NEW)|
|📊 Price Change (1h)||-3.60553 %|
|📊 Price Change (24h)||-8.66175 %|
|📊 Price Change (7d)||87.58671 %|
|💵 Market Cap||$0|
|📈 All Time High||$0.256708|
|📉 All Time Low||$0.03185907|
|💸 Circulating Supply||0 loom|
|💰 Total Supply||1000000000 loom|
LOOM Current Market Status
LOOM is already ranked in the 337 position based on its market capitalization, according to CoinMarketCap. The current circulating supply of the LOOM platform’s native token is 1,219,425,698 LOOM, while its total supply is 1,300,000,000.
Moreover, LOOM is priced at $0.04143, experiencing a 3.04% fall in one day. With a market cap of $50,521,194, LOOM also experienced a 3.10% fall in 24 hours. Moreover, the trading volume is valued at $37,565,768, after experiencing a fall of 16.94%% in one day, indicating that the demand for this token is reducing.
LOOM Price Analysis 2023
Will LOOM’s most recent improvements, additions, and modifications help its price rise? Moreover, will the changes in the digital asset industry affect LOOM’s sentiment over time? Read more to find out about LOOM’s 2023 price analysis.
LOOM Price Analysis – Bollinger Bands
The Bollinger Bands is a technical analysis tool that is used to analyze price movement and volatility. Bollinger Bands (BB) utilizes the time period and the stand deviation of the price. Normally, the default value of BB’s period is set at 20. The upper band of the BB is calculated by adding 2 times the standard deviations to the Simple Moving Average (SMA), while the lower band is calculated by subtracting 2 times the standard deviation from the SMA. Based on the empirical law of standard deviation, 95% of the data sets will fall within the two standard deviations of the mean.
The candlesticks are currently trading in the top half of the Bollinger Bands and continue to upwards. However, the volatility has died down as the bands have contracted. The candlesticks passing through the upper band could mean that the LOOM may face a fall soon as part of its price correction.
LOOM Price Analysis – Relative Strength Index (RSI)
The Relative Strength Index (RSI) is a momentum indicator utilized to find out the current trend of the price movement and determine if it is in the oversold or overbought region. Traders often use this tool to make decisions about when to buy or sell the tokens. When the RSI is often valued below or at 30, it is considered an oversold region, and a price correction could happen soon. Moreover, when the RSI is valued above or at 70, it is regarded as the overbought region, and traders expect the price could fall soon.
The RSI is currently valued at 53.27, which could be considered a neutral zone. When the RSI showed a strong trend, the RSI climbed to the 60 region however, quickly reversed and fell back below it. The RSI is currently moving within the 50-60 region and it is too early to decide on the market sentiment and requires more confirmation. If the RSI climbs up once again, there is a chance that it cross 60 again.
LOOM Price Analysis – Moving Average Convergence Divergence (MACD)
The Moving Average Convergence Divergence (MACD) indicator can be used to identify potential price trends, momentums, and reversals in markets. MACD will make the reading of a moving average cross easier. The MACD indicator is calculated by subtracting the long-term EMA (Exponential Moving Average) indicator from the short-term EMA. Normally, the default values for the MACD are set at 12-day EMA, 26-day EMA, and 9-day EMA. Moreover, MACD is considered a lagging indicator as it cannot provide trade signals without any past price data.
The green bars forming on the MACD indicator could be a positive sign for the crypto market. Moreover, the MACD line made a bullish cross and is moving away from the signal line. If the distance between the MACD and the signal line reduces, then, a bearish crossover may happen soon. The bearish crossover could trigger a downtrend for the candlesticks.
LOOM Price Prediction 2023-2030 Overview
|Year||Minimum Price||Average Price||Maximum Price|
LOOM Price Prediction 2023
The candlestick was trading in a downtrend pattern as it was residing in the red zone. Moreover, LOOM seems to be trading near the support line. However, the recently formed candles could suggest that the short-term bullish trend may started, which could have prevented LOOM from falling below the support line.
Meanwhile, the forecast for LOOM remains to be bullish and is expected to reach beyond the level of $0.2. The bearish price prediction for LOOM ranges from $0.024 to $0.031. However, on the off chance, that LOOM experiences an extremely bullish sentiment again, there is a high possibility that it trade beyond the level of $0.4.
|Bullish Price Prediction||Bearish Price Prediction|
|$0.187 – $0.207||$0.024 – $0.031|
LOOM Price Prediction – Resistance and Support Levels
The candlesticks are currently trading near the support line. In order to recover, LOOM needs to reach the Resistance 1 level soon. Moreover, the price action movement was mostly observed between Resistance 1 and the support level. For a bullish sentiment, the altcoin needs to significantly trade above Resistance 1.
LOOM Price Prediction 2024
Traders are looking forward to this year as it could be a historic moment for cryptocurrencies, as the Bitcoin halving is expected to happen in 2024. Most of the time, whenever BTC rises, traders have observed a similar surge in the altcoins. LOOM could also be affected by Bitcoin halving and could trade beyond the price of $0.6 by the end of 2024.
LOOM Price Prediction 2025
LOOM could still experience the after-effects of the Bitcoin halving and is expected to trade above its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, similar to many altcoins, LOOM will continue to rise in 2025 forming new resistance levels. It is expected that LOOM would trade beyond the $0.8 level.
LOOM Price Prediction 2026
It is expected that after a long period of bull run, the bears would come into power and start negatively impacting the cryptocurrencies. During this bearish sentiment, LOOM could tumble into its support region of $6. Moreover, when LOOM remains in the oversold region, there could be a price correction soon. LOOM, by the end of 2026, could be trading beyond the $0.9 resistance level after experiencing the price correction.
LOOM Price Prediction 2027
Naturally, traders expect a bullish market sentiment after the crypto industry was affected negatively by the bears’ claw. LOOM is expected to rise after its slumber in the bear season. Moreover, LOOM could even break more resistance levels as it continues to recover from the bearish run. Therefore, LOOM is expected to trade at $1.1 by the end of 2027.
LOOM Price Prediction 2028
Once again, the crypto community is looking forward to this year as there will be a Bitcoin halving. Alike many altcoins, LOOM will continue to form new higher highs and is expected to move in an upward trajectory. Hence, LOOM would be trading at $2.3 after experiencing a massive surge by the end of 2028.
LOOM Price Prediction 2029
2029 is expected to be another bull run due to the aftermath of the BTC halving. However, traders speculate that the crypto market would gradually become stable by this year. In tandem with the stable market sentiment and the slight price surge expected after the aftermath, LOOM could be trading at $2.9 by the end of 2029.
LOOM Price Prediction 2030
After witnessing a bullish run in the market, LOOM and many altcoins would show signs of consolidation and might trade sideways for some time while experiencing minor spikes. Therefore, by the end of 2030, LOOM could be trading at $4.21.
LOOM Price Prediction 2040
The long-term forecast for LOOM indicates that this altcoin could reach a new all-time high(ATH). This would be one of the key moments as HODLERS may expect to sell some of their tokens at the ATH point. However, LOOM may face a slight fall before starting its upward journey once again. It is expected that the average price of LOOM could reach $9.12 by 2040.
|Minimum Price||Average Price||Maximum Price|
LOOM Price Prediction 2050
The community believes that there will be widespread adoption of cryptocurrencies, which could maintain gradual bullish gains. By the end of 2050, if the bullish momentum is maintained, LOOM could surpass the resistance level of $23.22.
|Minimum Price||Average Price||Maximum Price|
LOOM has been part of the watch-out list for many investors as it aims to make its mark in the blockchain industry. If investors continue to show interest in LOOM and add these tokens to their portfolio, then, it could continue to rise up. LOOM’s bullish price prediction shows that it could pass beyond the $0.239 level. Moreover, LOOM could surpass the $23.22 level by the end of 2050.
LOOM, as described on its website, is a decentralized, public network that allows high throughput low-cost peer-to-peer transactions. One of the main focuses of LOOM Network is to allow users to transact easily irrespective of geography, asset classes, and applications.
LOOM can be traded on many exchanges such as Binance, Poloniex, KuCoin, Bitget, and more.
With upcoming projects and developments, LOOM may experience a surge in the future. Before making an investment, traders need to conduct their own research.
LOOM can be stored in a cold wallet, hot wallet, or exchange wallet.
LOOM is expected to reach $0.239 by 2023.
LOOM is expected to reach $0.989 by 2024.
LOOM is expected to reach $1.836 by 2025.
LOOM is expected to reach $2.679 by 2026.
LOOM is expected to reach $2.982 by 2027.
LOOM is expected to reach $3.827 by 2028.
LOOM is expected to reach $4.325 by 2029.
LOOM is expected to reach $4.217 by 2030.
LOOM is expected to reach $9.12 by 2040.
LOOM is expected to reach $23.22 by 2050.
Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.