Loom Network (LOOM) has retained the status of the most unprofitable cryptocurrency over the past 7 days. As of the evening of October 22, 2023, its quotes fell by 75.02% compared to a week ago. Many investors were extremely disappointed and suffered serious losses. During the day, the rate of the digital token decreased by another 5.2%.
Thus, LOOM quotes dropped to the values of a month ago, even losing 5.6% of this indicator. Recall that the rapid growth of the Loom Network rate began around September 20 of this year. Then the cryptocurrency was trading a little more expensive than $0.045. The cost began to rise sharply and reached its price peak on October 15, when it was above the $0.41 mark. Then a massive wave of sales began and the price plummeted to $ 0.1 by October 19, that is, in less than 4 days.
At the time of writing this news, the market capitalization of the crypto asset was $126.05 million. Daily trading volumes amounted to $94.38 million. This is 62% lower than last day's figures. No other cryptocurrency from the top 500 list has lost so much from its price in this short period, especially against the background of the growth of bitcoin (BTC) quotes to almost $30,000
