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Loom Network (LOOM) has re-emerged as a strong contender in the blockchain space, with its focus on scalability and cross-chain compatibility drawing renewed interest. Originally launched in 2018 to solve key challenges in blockchain, Loom’s integration with major networks like Ethereum, Bitcoin, and Binance Chain has positioned it as a scalable solution for decentralized applications (dApps) and non-fungible tokens (NFTs).
Following a significant rally in September 2023, where the token’s price surged over 320% after being listed on Gate.io, the cryptocurrency has been attracting attention from both traders and developers. However, despite this surge, on-chain data shows a decline in network activity, leaving many to wonder whether Loom can sustain its momentum. This article dives into technical analysis, short-term and long-term price predictions for Loom Network through 2024, 2025, and beyond, and explores the key factors influencing its price.
Loom Network is a blockchain platform launched in 2018, focusing on enabling developers to build and deploy decentralized applications (dApps). The network provides scalability solutions through Layer 2 technology, which integrates with other major blockchains like Ethereum, Bitcoin, and Binance Chain. Loom Network’s key feature is its ability to provide cross-chain compatibility, allowing dApps to function across multiple blockchains while also enabling the creation of non-fungible tokens (NFTs). Its sharding technology enables higher transaction throughput, making it a scalable solution for blockchain developers.
Since its launch, Loom Network has experienced considerable volatility, similar to other cryptocurrencies. After a significant price rally during its launch in 2018, Loom faced several ups and downs, largely driven by speculative trading, market cycles, and network developments.
Most recently, in September 2023, Loom Network saw a price surge of over 320%, reaching a high of $0.1677, driven by its Gate.io listing and increased futures market interest. The token, however, pulled back to around $0.05978, reflecting its current market position. Despite the price action, on-chain activity, such as new address creation and transaction volume, has been declining, raising questions about its long-term network sustainability.
In this quarter, Loom may consolidate between $0.050 – $0.070, unless a significant bullish catalyst emerges.
Expected price range for this quarter: $0.050 – $0.070.
Price range for the last quarter of 2024 is expected to be $0.060 – $0.080.
| Month | Price (USDT) | Prediction |
| October | $0.055 – $0.065 | Loom is expected to trade within this range due to consolidation after recent price volatility. Support is seen at $0.055, while resistance could be tested near $0.065. Futures market speculation may fuel short-term fluctuations. |
| November | $0.060 – $0.070 | Loom may experience a push towards $0.070, especially if network activity improves or adoption increases. However, a lack of fundamental growth could result in the price stabilizing closer to $0.060. |
| December | $0.060 – $0.080 | End-of-year rallies are common, and Loom could attempt a breakout towards $0.080 if market sentiment is bullish. Positive news regarding partnerships or technological developments could push the price higher. If these factors are absent, Loom may consolidate around $0.060. |
Market analysts are closely watching Loom’s futures market activity, where open interest has risen to over $44 million, reflecting increased speculative trading. However, concerns remain about the declining on-chain activity, with a sharp drop in new addresses and transactions despite the recent price surge. This mismatch between price movement and network fundamentals could introduce volatility, making the short-term outlook uncertain.
| Year | Price (USDT) | Prediction |
| 2024 | $0.060 – $0.100 | Loom is expected to see moderate growth driven by speculative trading and network developments. If network adoption improves, prices could break above $0.080 by year-end. |
| 2025 | $0.080 – $0.150 | Loom’s cross-chain compatibility with Ethereum, Bitcoin, and Binance will continue to drive growth. Increased use of dApps and NFTs could push the price closer to $0.150. |
| 2026 | $0.090 – $0.200 | With continued innovation in Layer 2 solutions and broader adoption across multiple sectors, Loom’s price could see steady gains. Its ability to handle scalability will be a key driver. |
| 2027 | $0.100 – $0.220 | Loom’s focus on cross-chain interoperability will help it remain relevant. However, the blockchain space will become more competitive, and Loom will need to keep innovating to maintain growth. |
| 2028 | $0.120 – $0.250 | Loom may solidify its position as a key player in sectors like gaming, NFTs, and DeFi, driving further price appreciation. Potential partnerships and new use cases could lead to higher adoption. |
| 2029 | $0.130 – $0.280 | With blockchain technology gaining wider industry adoption, Loom’s ability to provide scalable and cross-chain solutions could drive the price to the upper end of this range. |
| 2030 | $0.150 – $0.350 | By 2030, as blockchain becomes a more integral part of global systems, Loom could experience significant long-term price growth. The adoption of dApps and NFTs will be central to its success. |
| Beyond 2030 | $0.150 – $0.400 | In the long term, Loom’s price could continue to rise, fueled by widespread enterprise adoption of blockchain technology, provided it maintains innovation and user engagement. |
Loom Network is expected to trade between $0.080 and $0.150 in 2025. Its continued integration with Ethereum, Bitcoin, and Binance Chain could help sustain growth, especially if more developers adopt Loom for their dApps. The network’s ability to attract more active users will be key to its performance in 2025.
By 2026, Loom Network’s price could range between $0.090 and $0.200. Continued growth in NFTs, gaming, and DeFi could support Loom’s long-term price action. However, its success depends on maintaining strong developer engagement and ongoing use cases.
In 2027, Loom Network is expected to trade between $0.100 and $0.220. With increasing competition in the Layer 2 and cross-chain markets, Loom’s innovation will be crucial for securing market share.
By 2028, Loom Network’s price could range between $0.120 and $0.250. Growth in sectors such as blockchain gaming and NFTs will play a significant role in Loom’s price performance, especially if it remains competitive in the cross-chain space.
In 2029, Loom Network could trade between $0.130 and $0.280. As blockchain adoption increases globally, Loom’s scalable solutions will continue to drive its value upward.
By 2030, Loom Network could range between $0.150 and $0.350. With the widespread adoption of blockchain technology across industries, Loom’s role as a scalable, cross-chain solution will likely drive its long-term growth.
Loom Network stands at a pivotal moment in its journey. With the token price hovering around $0.05978 and rising speculative interest, Loom has managed to capture attention in the short term. However, the long-term growth of the network will depend on its ability to increase on-chain activity and attract more developers to its ecosystem. As blockchain technology continues to evolve, Loom’s cross-chain capabilities and scalability solutions give it strong potential to play a key role in the growing world of dApps, NFTs, and decentralized finance (DeFi).
While the LOOM price predictions show the potential for steady growth in the coming years, they also highlight the challenges Loom faces in maintaining relevance in an increasingly competitive space. Investors should remain cautious, keeping an eye on both technical indicators and the broader market landscape as they make decisions about LOOM’s future potential.
