LOOM’s Great Performance Continues With Price and Volume Upticks

• Coinalyze revealed in an X post yesterday that LOOM recorded more trading volume than BTC over the weekend.
• Notably, LOOM’s trading volume was less than 50% lower of all smaller-capped cryptocurrencies during the same period.
• At press time, LOOM was up 6.77% over the past 24 hours and 119.73% for the past week.

The trading analysis platform Coinalyze revealed in an X (formerly Twitter) post yesterday that Loom Network (LOOM) recorded significantly more trading volume than the market leader bitcoin (BTC). According to the post, LOOM’s 24-hour trading volume reached $4.8 billion. BTC’s trading volume during the same period reached $4.5 billion.

Meanwhile, the largest altcoin in terms of market cap, ether (ETH), saw its 24-hour volume rise to $2.5 billion. What makes LOOM’s uptick in trading volume impressive is the fact that the combined trading volume of all smaller-capped cryptocurrencies was less than 50% more than that of LOOM, which stood at around $6.8 billion.

LOOM’s price also performed impressively throughout the past couple of days. Data from CoinMa…

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