Here's a brief analysis of the current $LOOM price and some recent news:
**Price Analysis:**
- As of July 21, 2024, the price of $LOOM is $0.05818.
- The price has seen a 15.96% increase in the past 24 hours and a 17.24% increase in the past 7 days.
- The market cap is $87,579,484, and the circulating supply is 1,224,270,898 LOOM.
- The all-time high was $0.7745 in May 2018, and the all-time low was $0.007666 in March 2020.
**News:**
- Loom Network (LOOM) has been on a bullish trend lately, with a 15.96% increase in the past 24 hours and a 17.24% increase in the past 7 days.
- The Loom Network is a platform as a service built on top of Ethereum that allows developers to run large-scale decentralized applications.
- The network runs on Plasma, a scaling solution that allows for faster transactions throughout the network.
- Loom Network has been live in production since March 2018.
- The LOOM token acts as a membership card for the Loom Network, giving those who hold LOOM tokens access to all of the decentralized applications and systems running on the platform.
Please note that cryptocurrency prices are highly volatile and can change rapidly. This analysis is based on the information available at the time of writing, and should not be considered financial advice.
