$LOOM ❗️News in Brief from #LOOM ‼️

LOOM the springboard of #STRK ❓️

Why store these $STRK on LOOM?

1- 🤔LOOM is a proof of stake token that is used to secure the main network of the Loom Network, called Basechain. LOOM holders can stake their tokens to help secure Basechain and earn rewards in return.

🪙LOOM is also the currency that developers use to host their applications on Basechain.

.The price of LOOM today is

€0.08774 with a market capitalization of €107,162,159 and a 24-hour trading volume of €11,808,5501. 💰

.The circulating supply of LOOM is 1,221,425,698 out of a total supply of 1,300,000,0001.

Which means that it is undervalued and its price should be $0.9. Either by calculating the market capitalization times 100 and dividing by the supply of the token in circulation.✅️

For more information, here are some reliable sources:

https://coinmarketcap.com/fr/currencies/loom-network/

https://loomx.io/

And that's it for today's news in Brief about the token #LOOM .