Loom Network Review

Hello.

Today I'm going to analyze the newly listed on Upbit and review the prospects of the Loom Network coin

 token name is LOOM.

It is currently listed on the Binance, GOPAX, and Kucoin exchanges, and recently it was listed on the Upbit Exchange, which caused a huge price increase.

The current price of the room is about 0.225 USD on June 13.

The market capitalization is 78 out of all coins, and it can be said that the market value is in the top 100.

Let's look at the chart right after the recent listing.

Anybody got dumped by the pumping fireworks right after the room was listed? TT

Usually, coins that are newly listed on the upbit, Bithumb, etc., have a huge increase in prices in the moment, 

and that's when they're caught up.

Many people lose money with price dumping in 5 minutes ...

We recommend that you buy the listed coins when it is pressed to a certain extent, unless you purchased them in advance.

Now let's analyze what kind of coin the room coin and the room network coin are and what kind of prospects it has.

Loomnetwork is a project to overcome the scalability limits of the diapets in the second half.

Most of these Dapps have reduced and underutilized as users grow.

The loom network aims to operate different side panels for each device to reduce the oversultification of the main chain and ease the deployment of large apps.

This allows developers to develop large-scale social applications and online games that require great scalability and optimization.

By providing the Loom SDK, the studio has the great advantage of letting the public easily deploy their own applications, even if they lack an understanding of the block chain.

CryptoZombies, a typical room-based DApp, is an application that can learn to code, such as how to create smart connections and how to deploy Dapp.

The Room Token (Loom) can be used to purchase membership for any DApp running in the room system and to deploy the Loom SDK, as stated by developers.

It will also technically introduce plasma technology and will be available as early as June.

Plasma technology is a little bit old, and I mentioned it in posting. 

Simply put, the technology to increase the scalability of this increase will only provide the minimum amount of data required for verification.

This technology reduces the block size and minimizes the fees by synchronizing.

Good news and price outlook for the room

As a result of the road-map of room coin, the open SDK will be officially distributed in the third quarter of 2018 (July to September), and plasma technology will be introduced in the near future, etc. 

We are expecting another rise in price, as some of the major benefits are planned in the near term. 

(on the premise that the price of Bitcoin does not drop ...) 

I personally have two main reasons for analyzing the room, the roomnetwork, and then seeing them more positively.

1. No White Paper

Many investors are wondering 

why didn't the Room Network post the whitepaper whereas other coins have?

In previous posts, I used to mock and criticize the white papers of various coins. 

Because the white paper is literally the same as the elementary school vacation plan.

(see previous post, " Do not trust the white paper and roadmap " section, 

" Investment Rules for cryptocurrency Alt Coins 1. ")

" One action is more important than a hundred words. " 

2. It has actually been commercialized and is producing results.

Links with the content mentioned in 1. It continues to launch DApp like CryptoZombies, DelegateCall, and Et hFiddle.

It shows more than a hundred absurd and flashy remarks in the White Paper.



For more information and news on loom coin, visit Twitter, the official website below.


The official homepage

https://loomx.io


Room Network Official Twitter

https://twitter.com/loomnetwork