Posted 9/27/2023, 6:05:39 PM

Ethereum-Based Altcoin Loom Network Surges 242% in February on Gate.io Listing and Scaling Solution Potential

Ethereum-based altcoin Loom Network (LOOM) has surged 242% this month to $0.13.
The rally comes amid support from crypto exchange Gate.io, which announced it is listing LOOM.
LOOM aims to be a scaling solution for high-performance decentralized apps on networks like Ethereum.
Blockchain analytics firm Santiment says LOOM's exchange ratio has dropped, suggesting the rally could continue.
LOOM hit its highest price level since December 2021 during the rally.

dailyhodl.com

Relevant topic timeline:

9/25/2023

Santiment: Chainlink and 3 Low-Cap Altcoins Could Rally Due to Increased On-Chain Activity While Bitcoin Whales Unload

Chainlink (LINK) and three other altcoins are expected to see more price surges based on bullish on-chain data, with Chainlink experiencing increased unique address activity and potential rallies if market participants remain indifferent to its performance. Additionally, Loom Network (LOOM), Frontier (FRONT), and ImmutableX (IMX) are outperforming the broader crypto markets with increased adoption. Bitcoin, on the other hand, has seen a rise in the number of addresses holding less than 100 BTC, while whales have been selling since June.

10/16/2023

Loom Network Price Surges 31% as Whale Accumulates $6M in Coins; Ethereum-Based Token Up 140% in 7 Days

Altcoin Loom Network (LOOM) has surged over 31% in less than a day as a large whale, potentially Korean exchange Upbit, accumulates nearly $6 million worth of coins, with the entity controlling about half of LOOM's total supply.