Loom is a cryptocurrency on the loom network that can be transferred from one peer to another where the receiver receives the sent amount upon the transaction being verified by the nodes running the loom network after which they receive the transaction fee as their income.Because of this,loom coin is considered to be a decentralized utility asset.As a decentralized utility asset,developers can use it to pay for their Dapps on the loom network as well as they can use it to create and issue the token of their Dapps.Loom owners can also use the loom coin to pay for transaction cost while transferring the loom coin from one smart contract address to another so that the transaction can be initiated by nodes running the network.Dapp users can also use the loom coin to pay for transaction cost for transferring their earned token of respective Dapps from one smart contract address to another.Furthermore,loom coin was created to become a delegated proof of stake coin thus users can use their loom coin to vote to the nodes running the network where those coins will be used to secure the loom network and to verify any transaction taking place on the loom network.As 2018 was starting,loom network conducted their ICO project.During the ICO period,one loom coin was going for $0.076. 4months later,the price of one loom coin had managed to go as high as $0.77. Towards the beginning of 2019,the price of one loom coin dropped down again to as low as $0.055 . Currently,1 loom coin is trading at $0.022 . The increase in price from $0.076 to $0.77 was due to an increase in the listing of loom coin to several exchanges thus increasing its liquidity.The decrease in the price again to $0.022 where it has managed to stabilize at that range was due to the dumping of loom coin in those exchanges by those loom users who were holding it .The liquidity of the loom coin affects its price movement as explained below;  

Liquidity of Loom coin

  Loom coin is considered to have a high liquidity when it is listed in several exchanges and a low liquidity when it is listed in very few exchanges.When more exchanges list loom coin,it will become inefficiency in its network thus its price will increase.Some of the exchanges making loom coin to become very much liquidity are being explained and indicated as from below;

https://www.binance.com/ 

Binance is a Malta based cryptocurrency exchange. On the exchange,loom is available for trading in three pairs.The first pair is Loom/BTC, the second pair is Loom/ETH while the third pair is Loom/BNB. With the BTC pair,loom normally manages to exceed a daily trading volume of over 100 BTC while with the ETH pair,it normally manages to reach a daily trading volume of  over 400 ETH. For BNB,its daily trading volume is normally over 400 BNB. This is an indication that there are many buyers and sellers of the Loom coin at the binance exchange thus stabilizing its price over there.If the number of buyers and sellers increases in number on the binance exchange,then its price will stabilize much further while if they reduce in number, then the stability will also decline. Here are some of other exchanges where loom coin is being listed over there;  

https://pro.coinbase.com/ 

https://global.bittrex.com/  

 https://www.kucoin.com/

https://poloniex.com/   

https://omgfin.com/

https://bilaxy.com/ 

 https://www.hbg.com/en-us/

https://hitbtc.com/  

https://www.coinex.com/   

https://www.hotbit.io/

https://atomars.com/   

The listing of Loom coin in several exchanges from above makes it to become very much more liquidity thus stabilizing its price.Its future price prediction can further be explained based on its bullish and bearish condition as follows  

1.Loom bullish condition based on its liquidity

  Loom coin is being listed in several exchanges. This listing makes it a very much liquidity cryptocurrency. As a liquidity cryptocurrency,Loom coin is very much stable such that its price normally ranges at around $0.022. In the near future,if more exchanges will continue to list Loom coin in their platform,then its demand will increase since it will be inefficiency in its blockchain thus causing its price to increase. The exchanges which will have listed Loom coin to their platform will make the work of users of the Dapps created on the loom network very easy since they will be having several alternative where they can convert their earned Loom coin to their favorite cryptocurrencies such as bitcoin and ethereum. The future price analysis of loom coin based on bullish condition is further being indicated as from the candlesticks chart below;  

351665157-a45d9bfbfa500b3dc6488a6bc8af3cfd95ead8bf5a8903be6bb96269a161ea4a.png  

 

From the price analysis of Loom coin from the candlesticks chart above,there are two points,point A and point B. Before point A,the price of Loom coin can be seen to have gone as high as $0.0222. This increase in price was due to an increase in the number of cryptocurrency exchanges listing the Loom coin in their platform thus making it to become inefficiency in its network thus creating its demand. The price then falls to point A at a price of $0.0216. This decrease of price was due to several users of Dapps created on the Loom network dumping their earned Loom coin to several exchanges thus making it to become in surplus over there. More cryptocurrency exchanges enters the exchange industry where they list the Loom coin in their platform thus causing its price to move up back to point B. In the near future,if more exchanges will continue to join the industry and list the Loom coin in their platform, its price can move further to above point B. In one year from now,there is a possibility of the Loom coin to reach as high as $0.04 if more exchanges will continue to list it. For an investor,you can purchase loom coin at its current market price of $0.022 because it has potential  

2.Loom bearish condition based on its liquidity

  Loom coin is being listed in several exchanges. This listing makes it a very much liquidity cryptocurrency. As a liquidity cryptocurrency,Loom coin is very much stable such that its price normally ranges at around $0.022. In the near future,if  exchanges will start  to delist Loom coin in their platform due to low trading volume since most developers will have shift to other network since the fees charged on loom network will be high by that time thus lowering the revenue of their Dapps,then its demand will decline thus causing its surplus to increase on its  blockchain thus causing its price to decline. The exchanges which will have delisted Loom coin from their platform will make the work of users of the Dapps created on the loom network very hard since they will be having few exchchanges such as the Loom DEX where they can convert their earned Loom coin to their favorite cryptocurrencies such as bitcoin and ethereum. The future price analysis of loom coin based on bearish condition is further being indicated as from the candlesticks chart below;

351665157-cd3660d9d149443901bc2adb6707024e13748dba8b5622d6f6842dad16c70219.png    

From the price analysis of Loom coin from the candlesticks chart above,there are two points,point A and point B. Before point A,the price of Loom coin can be seen to have gone as low as $0.0216. This decrease in price was due to a decrease in the number of cryptocurrency exchanges listing the Loom coin in their platform thus making it to become surplus in its network thus creating its supply. The price then rises to point A at a price of $0.0222. This increase in price was due to several users of Dapps created on the Loom network buying the Loom coin in few remaining  exchanges so that they can use the coin to pay for transaction costs . More cryptocurrency exchanges continue to delist loom coin  thus causing its price to move downwards  back to point B. In the near future,if more exchanges will continue to delist the Loom coin in their platform, its price can move further to below point B. In one year from now,there is a possibility of the Loom coin to reach as low as $0.015 if more exchanges will continue to list it incase the transaction fees will be increased thus hindering many developers to join the platform. For an investor,you can sell loom coin at its current market price of $0.022 if you feel this can happen.

  Summary

Loom coin which is a cryptocurrency bringing developers and users together on loom network has been performing well since its launch. Price started from $0.076 to $0.77 and back to $0.022.An increase in price has been due to increase in exchanges listing Loom coin while a decline in price was due to dumping of Loom by several users. In the near future,an increase in the number of exchanges to list Loom coin will increase its demand thus its price will increase further while an increase in the number of exchanges delisitng the coin will create supply in those exchanges thus causing its price to decline.