LOOM Token Skyrockets More Than 500% Over The Past Month

Written By

Gopal Solanky

Published 2023-10-13Updated 3 months ago

Make The Crypto Times preferred on

LOOM Token Skyrockets More Than 500% Over The Past Month

The native token of Loom Network, LOOM has surged more than 500% in the past month with its price skyrocketing from $0.04 to $0.27.

According to data from Coinmarketcap, LOOM has rise 23% and it has generated a volume of over $682 million in the past 24 hours, of which more than 50% volume is recorded on Korean exchange Upbit.

LOOM Price Chart - CoinMarketCap — LOOM Price Chart (30D) – CoinMarketCap

The trading volume of LOOM futures has surpassed $2.4 billion in the past 24 hours with the LOOMUSDT becoming the second most traded future on Binance exchange.

LOOM’s market cap has also surged to $326 million from $50 million since last month.

Also Read: Fake Islamic Coin (ISLAMIC) Drops 100% On BNB Chain

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

Follow The Crypto Times on Google News to Stay Updated!

Google News Banner

TAGGED:Price Analysis

Share This Article

By Gopal Solanky Sr. Crypto Journalist

Follow:

Gopal Solanky is a Senior Reporter for Markets & Protocols at The Crypto Times, based in Ahmedabad. He covers institutional crypto adoption, Bitcoin treasury strategies, DeFi markets, protocol ecosystems, Ethereum network activity, Hyperliquid, on-chain trends, and broader digital asset market movements. Gopal has been active in the crypto ecosystem for more than six years. Before joining The Crypto Times full-time in 2023, he worked as a freelance crypto content writer, developing a strong understanding of blockchain infrastructure, DeFi protocols, market cycles, token mechanics, and peer-to-peer systems. His reporting focuses on explaining how protocols work, why market movements happen, and how institutional and on-chain activity affects crypto investors and builders. At The Crypto Times, Gopal also hosts on-the-record interviews with regional Web3 founders, protocol teams, and ecosystem leaders. His work has been cited by external publications, including Vulture.com, in coverage of major crypto stories such as the Hawk Tuah memecoin controversy. His reporting has also contributed to The Crypto Times’ coverage of major industry events, including FTX-related developments, institutional crypto adoption, and emerging protocol narratives. Gopal holds a Bachelor’s degree in Computer Applications, giving him a technical foundation for analyzing blockchain systems, crypto infrastructure, and market data.