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Why Loom Network is Up Today? LOOM Price Surge More Than 200%

  • Loom Network (LOOM) price surged by nearly 200 percent in the past 24 hours. The small-cap altcoin recorded a 390 percent surge in daily average traded volume.
  • The surge in LOOM price is attributed to renewed speculation from investors and increased adoption and usage of the Loom network by web3 developers.
  • The positive crypto regulation in major jurisdictions and a potential rebound in the crypto market amidst global uncertainty are also contributing factors to the surge.
  • The rally in LOOM price indicates that the crypto market is filling the void left by investors fleeing the stock market.

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