{"id":173513,"date":"2023-10-13T14:29:01","date_gmt":"2023-10-13T08:59:01","guid":{"rendered":"https:\/\/dripp.zone\/news\/loom-network-price-prediction-as-loom-pumps-28-crypto-news\/"},"modified":"2023-10-13T14:29:06","modified_gmt":"2023-10-13T08:59:06","slug":"loom-network-price-prediction-as-loom-pumps-28-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/loom-network-price-prediction-as-loom-pumps-28-crypto-news\/","title":{"rendered":"Loom Network Price Prediction As LOOM Pumps 28% – Crypto News"},"content":{"rendered":"

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Loom Network is outperforming the rest of the crypto market to hit levels last seen in 2018. The token, built on the\u00a0Ethereum<\/span><\/a>\u00a0blockchain to support large-scale decentralized applications, has in the last 24 hours increased by 28%, bringing the total accrued gains to 43% in one week, 109% in two weeks, and 527% in 30 days.<\/p>\n

Traders are finding a haven in LOOM, with $643 million in trading volume rushing in\u2014up 208%, according to market data by CoinMarketCap. The Loom Network market cap is also on an upward trajectory, growing by 27% to $332 million. The token ranks #89 among other cryptos including stablecoins.<\/p>\n

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Loom Network Price Prediction: Rally Shows No Signs Of Slowing Down<\/h2>\n

Traders are finding excellent scalp opportunities in LOOM with the token soaring even further on the MEXC exchange. The short-term bursts allow for new entries for buying and selling the digital asset on short-term periods for small but meaningful profits, considering the lock-step movements exhibited by prominent cryptos.<\/p>\n

The Moving Average Convergence Divergence (MACD) indicator\u2019s upward trajectory affirms the bullish outlook. Traders may want to keep speculating with longs as long as the MACD stays above 0.02. However, caution is advised considering the Relative Strength Index (RSI) at 93 is highly overbought.<\/p>\n