Loom price is up a gigantic 171% today as the Layer 2 platform threatens to go parabolic.
The Loom Network token is currently priced at $0.137 and has taken t out the year’s previous high at $0.12524.
Loom supporters have been quick to point out that is currently the no.1 trending coin on top exchange Binance:
$LOOM
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2.5x done in 8 hours!
Now we have binance #1top gainer as well pic.twitter.com/Dv8kfOlDGN
— Crypto Pump Master (@CryptoShillz06) September 11, 2022
Sustaining the rally could be easier than market participants might think at first glance.
Admittedly similar flash rallies of tokens can sometimes disappear as quickly as they materialise. But with the rest of the crypto universe turning green, helped by bitcoin trading above $22k, the green 1-day candle could consolidate, if not climb higher still.
LOOM is trading 79% below its all-time high. On a 3-month view the price has returned 281%.
Loom Network had its roots in gaming but has increasingly focused...
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