LOOM’s Great Performance Continues With Price and Volume Upticks
The post LOOM’s Great Performance Continues With Price and Volume Upticks appeared on BitcoinEthereumNews.com. Coinalyze revealed in an X post yesterday that LOOM recorded more trading volume than BTC over the weekend. Notably, LOOM’s trading volume was less than 50% lower of all smaller-capped cryptocurrencies during the same period. At press time, LOOM was up 6.77% over the past 24 hours and 119.73% for the past week. The trading analysis platform Coinalyze revealed in an X (formerly Twitter) post yesterday that Loom Network (LOOM) recorded significantly more trading volume than the market leader bitcoin (BTC). According to the post, LOOM’s 24-hour trading volume reached $4.8 billion. BTC’s trading volume during the same period reached $4.5 billion. Meanwhile, the largest altcoin in terms of market cap, ether (ETH), saw its 24-hour volume rise to $2.5 billion. What makes LOOM’s uptick in trading volume impressive is the fact that the combined trading volume of all smaller-capped cryptocurrencies was less than 50% more than that of LOOM, which stood at around $6.8 billion. LOOM’s price also performed impressively throughout the past couple of days. Data from CoinMarketCap indicated that the altcoin’s value had risen 6.77% over the past 24 hours alone. This boosted LOOM’s price to $0.3811 at press time. Although LOOM’s 24-hour performance is impressive, it is the altcoin’s price movements over the last 7 days that demand attention. LOOM’s weekly performance stood at a remarkable +119.73%. Furthermore, the cryptocurrency’s price may continue to rise in the next few days given the fact that LOOM was also the highest trending topic on CoinMarketCap’s list. From a technical perspective, LOOM was able to break above the $0.36555 threshold and tapped the $0.50895 resistance level over the past 48 hours. Since then, the cryptocurrency’s price had undergone a slight correction to break back below the $0.36555 mark, but it has been able to recover to trade above this…
The post LOOM’s Great Performance Continues With Price and Volume Upticks appeared on BitcoinEthereumNews.com.
Coinalyze revealed in an X post yesterday that LOOM recorded more trading volume than BTC over the weekend. Notably, LOOM’s trading volume was less than 50% lower of all smaller-capped cryptocurrencies during the same period. At press time, LOOM was up 6.77% over the past 24 hours and 119.73% for the past week. The trading analysis platform Coinalyze revealed in an X (formerly Twitter) post yesterday that Loom Network (LOOM) recorded significantly more trading volume than the market leader bitcoin (BTC). According to the post, LOOM’s 24-hour trading volume reached $4.8 billion. BTC’s trading volume during the same period reached $4.5 billion. Meanwhile, the largest altcoin in terms of market cap, ether (ETH), saw its 24-hour volume rise to $2.5 billion. What makes LOOM’s uptick in trading volume impressive is the fact that the combined trading volume of all smaller-capped cryptocurrencies was less than 50% more than that of LOOM, which stood at around $6.8 billion. LOOM’s price also performed impressively throughout the past couple of days. Data from CoinMarketCap indicated that the altcoin’s value had risen 6.77% over the past 24 hours alone. This boosted LOOM’s price to $0.3811 at press time. Although LOOM’s 24-hour performance is impressive, it is the altcoin’s price movements over the last 7 days that demand attention. LOOM’s weekly performance stood at a remarkable +119.73%. Furthermore, the cryptocurrency’s price may continue to rise in the next few days given the fact that LOOM was also the highest trending topic on CoinMarketCap’s list. From a technical perspective, LOOM was able to break above the $0.36555 threshold and tapped the $0.50895 resistance level over the past 48 hours. Since then, the cryptocurrency’s price had undergone a slight correction to break back below the $0.36555 mark, but it has been able to recover to trade above this…
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