Cryptocurrency Loom Network grew by 254% in a month

Today, on September 29, the global market capitalization of the cryptocurrency industry increased by almost 2% to $ 1.07 trillion. The volume of transactions with digital assets grew by 4.11% to $ 30.27 billion. The dominance of the flagship crypto asset is 49%, the leading altcoin is 18.5%. The Fear and Greed Index, according to the CoinMarketCap analytical tracker, amounted to 42 points, indicating pessimistic sentiment among crypto traders. Despite this, there were digital assets that managed to bring short-term profits to their investors. Thus, Bitcoin Cash (BCH) and Compound (COMP) became the best cryptocurrencies.

Thus, the virtual coin Bitcoin Cash grew by 9.93% per day and is trading at an average of $ 236.15. The market capitalization of the asset amounted to $ 4.6 billion. The cryptocurrency is now at the 16th position on the list of the best. Yesterday, traders secured $ 514.38 million worth of BCH transactions. This figure exceeded $ 1.36 billion on a weekly basis. It is worth noting that the price of Bitcoin Cash is still 95% lower than its historical high of $ 4350.

As for COMP, the cryptocurrency’s quotes jumped by 9.4% during the reporting period. One can buy a digital token for an average of $ 43.42. The total supply of coins circulating on the market amounted to $ 342.04 million. Daily transaction volumes exceeded $ 43.68 million. The cryptocurrency is also trading 95% cheaper than at its price peak.

Traders and investors also noted the growth of several cryptocurrencies from the top 200. Thus, Biconomy (BICO) rose by 27.1% over the past day. It could be purchased for $ 0.269, and its market capitalization amounted to $ 176.98 million.

In addition, the rapid growth of quotations was again demonstrated by Loom Network (LOOM). Its value increased by 20.9% during the reporting period. It is worth noting that over the past week, this digital currency has already risen in price by 147.6%, and over the course of a month, its rate has soared by 254.85%. The total supply of tokens amounted to $ 171.24 million. The daily trading volume amounted to $ 253.16 million.