What is LOOM?

Loom Network is a multi-chain interoperability platform designed to scale high-performance decentralized applications (DApps). The project integrates with blockchain networks such as Bitcoin (BTC), Ethereum (ETH), and TRON (TRX). In addition, LOOM is the token used to secure the Loom Network mainnet Basechain. Developers can also use altcoins to host their DApps on Basechain. Validators and delegators maintain the security of the network by staking LOOM tokens.

Why did LOOM suddenly bounce so high like a zombie?

LOOM recently launched a Zkloom Testnet feature, a zero-knowledge rollup for scaling Ethereum. Rollups help reduce the load on Ethereum by moving some work off-chain and rolling transactions into batches. Transaction processing time and fees can be significantly reduced. The zkLoom testnet is based on the same core architecture as the zkSync Era.

In plain words, it is a second-layer bridge based on ZKS, which makes the transaction cost on the Ethereum chain lower and faster. Moreover, this EVM is also compatible with TRON, BSC and other networks, which means that its transaction volume will increase. You can think of LOOM as a courier transfer station.

Can I still get LOOM?

Lao Lin thinks that this position cannot be taken now, and it should be secured. First of all, the boss of LOOM Loom is not very good at marketing, which can be seen from their social network and X, that is, he is not good at bragging. All projects in the crypto circle must be able to brag when they are bullish in order to attract more players.

Second: LOOM's whales control most of the chips. Whales are not philanthropists. They often attract investors and then dump the market. Many brothers and sisters will enter the market, but they don't know how to leave, and eventually get stuck. As the saying goes, those who know how to buy are apprentices, and those who know how to sell are masters. So if there are brothers and sisters who like LOOM in the future, it is an opportunity to enter the market at 0.05. Be patient and wait, and you will definitely reach this position. Tokens with basic applications can always make money during the cycle.

This industry is a circle, because information has a great impact on it. If you don’t have a circle and can’t receive information at all, it’s easy to become a leek, and it’s difficult for a person to persist. To put it bluntly, it wins on the information gap. Many people have a feeling that once they enter, they will go down sharply, and once they leave, they will go up sharply again. This is because the information is not timely.