LOOM's Quotes Surged by 27% and Other Altcoins Show Growth in the Cryptocurrency Market
Date: 2023-10-06 Author: Dima Zakharov Categories: CRYPTO PAYMENTS, BUSINESS
Surge in LOOM Quotes by 27% and Other Altcoins
The realm of altcoins, those outside the top 100 by market capitalization, can bring substantial profits to investors.
In the world of cryptocurrencies, beyond Bitcoin and Ethereum, there exists a vast array of altcoins that sometimes yield incredible returns. These digital assets, not among the top 100 by market capitalization, often catch the attention of traders and investors. One recent standout example of such growth is the cryptocurrency Loom Network (LOOM).
LOOM has demonstrated significant growth, surging by 27% over the past 24 hours. This development has garnered the attention of many participants in the cryptocurrency market. It's essential to note that LOOM's quotes are still 80% below its historical all-time high, despite this impressive upswing.
One key metric for the success of a cryptocurrency is liquidity. LOOM has exhibited deep liquidity with a trading volume of $214.98 million over the last 24 hours. The price of LOOM has risen to $0.151, with a total market capitalization of $185.21 million. These figures have positioned LOOM at the 160th spot in the cryptocurrency rankings.
Despite the impressive growth, LOOM's price remains far from its historical peak, which once exceeded $0.77. This may indicate the potential for future growth and the attractiveness of this cryptocurrency for investors.
Other Altcoins Showing Growth:
STP (STPT) - Over the last 24 hours, this digital token has seen a 12.77% increase, reaching a price of $0.065. The total market capitalization of STPT amounted to $126.97 million, with daily trading volumes exceeding $172.8 million.
Ark (ARK) - The price of this cryptocurrency has risen by 10.2% in the recent period. The average cost of ARK was $0.467, with a total market capitalization reaching $82.31 million. Daily trading volumes reached $78.57 million.
Carry (CRE) - The relatively lesser-known cryptocurrency CRE has surged in price by 9.8% over the last 24 hours. Traders conducted transactions worth $26.87 million, with CRE trading at $0.005. CRE's market capitalization exceeded $50.55 million.
All of these altcoins have demonstrated significant growth, underscoring the dynamism and interest in alternative digital assets. These events also serve as a reminder of the importance of diversification in the world of cryptocurrency investments, with traders eagerly awaiting further opportunities for profit.
