This month, one altcoin project managed to rally by more than 255% and attracted the attention of a top crypto exchange platform, which listed it.
September began with The Loom Network (LOOM) trading at a low of $0.038 and ended 25 days later at a high of $0.145, a 255% rise.
Since then, LOOM has significantly retraced, and as of this writing, it is trading for $0.11.
Leading international
#cryptocurrency exchange Gate.io stated this week that it was listing
$LOOM for trade amid the excellent performance.
A platform for multichain interoperability called The Loom Network is designed to scale high-performance decentralised applications (DApps).
The project integrates with blockchain networks including Tron, Ethereum, and Bitcoin (BTC) (TRX).
The mainnet, Basechain, of Loom Network is protected by the token LOOM. The alternative currency can also be used by developers to pay Basechain for hosting their DApps. Delegators and validators stake their
#LOOM tokens to maintain the network's security.
Santiment, a blockchain analytics company, recently became aware of LOOM's increase and believes there is still potential for growth.