{"id":447270,"date":"2023-10-12T10:20:45","date_gmt":"2023-10-12T10:20:45","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=447270"},"modified":"2023-10-12T10:31:42","modified_gmt":"2023-10-12T10:31:42","slug":"loom-network-price-prediction-loom-set-to-rise-50-amid-expanding-layer-2-solutions","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/loom-network-price-prediction-loom-set-to-rise-50-amid-expanding-layer-2-solutions","title":{"rendered":"Loom Network Price Prediction: LOOM Set to Rise 50% Amid Expanding Layer 2 Solutions?"},"content":{"rendered":"

Loom Network (LOOM<\/a>) price is trading with a bullish bias on the four-hour timeframe. It comes after a longstanding consolidation under the $0.05 psychological level. The token now stands around 330% above the breakout point, with prospects of 50% more gains amid expanding Layer-2 (L2) solutions. Notably, the token features among today’s top gainers, with more than 10% in gains on CoinMarketCap.<\/p>\n

\"Loom<\/a>
Source: CoinMarketcap<\/figcaption><\/figure>\n

Loom Network Price Surges on Growing L2 Solutions<\/h2>\n

Loom Network is an L2 scaling solution platform for games and other social applications to deploy on its blockchain podium. It leverages Ethereum’s Proof-of-Stake (PoS<\/a>) algorithm to support developers’ creations. The Loom Network uses decentralized applications (dApp<\/a>) Chains-decentralized chains.<\/p>\n

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$LOOM<\/a> with Over $61.22+ Million Volume🔥<\/p>\n

Loom Network provides developers the scalability and usability they need to build high-performance user-facing dapps today.<\/p>\n

With seamless integrations to Bitcoin, Ethereum, Binance Chain, and all major blockchains.#binance<\/a> pic.twitter.com\/la1KmGCyYU<\/a><\/p>\n

— SkullPunks.eth (@Skulltraderr) October 6, 2023<\/a><\/p><\/blockquote>\n