Cryptocurrency analysts highlighted a token that grew by 49% in just one day

Yesterday, the attention of cryptocurrency market participants was drawn to the little-known Loom Network (LOOM) token. The digital asset managed to grow significantly by 49%. According to analysts, LOOM brought significant profits to its holders in the short term.

The liquidity of this cryptocurrency was quite high, as traders made deals worth $ 393 million over the past 24 hours. At the same time, the price of LOOM rose to $ 0.19. Over the past 7 days, the token has managed to rise by 40.9%, in 14 days — by 175%, in a month — by 398%, and in a year — by 265%.

It is worth noting that LOOM quotes are still 75% lower than their historical price high. At its peak, the value of the Loom Network exceeded $ 0.77.

As for other cryptocurrencies, the STP (STPT) token recorded the highest growth rate. The digital token has risen in price by 12.7% over the past 24 hours. Ark (ARK) quotes have grown significantly. The price of this cryptocurrency rose by 10.2% during the reporting period. The little-known cryptocurrency Carry (CRE) has risen in price by 9.8% over the past day.

As a reminder, Matrixport analyst Біллі Маркус" href="https://noworries.news/biography/billi-markus/" data-bio-id="3704">Marcus Thielen believes that altcoins are facing an apocalypse. Recently, the expert published a report on cryptocurrencies titled «The Coming Collapse of Altcoins.» The crypto expert predicts a huge fall of Ethereum and other virtual coins.