LOOM to ETC conversion chart
Loom Network to Ethereum Classic correlation
According to the correlation analysis, LOOM and ETC have a strong relationship with each other and are correlated. Whenever there is a change in the price of LOOM then ETC also tends to follow the same pattern and move together.
LOOM Price Change and Market Cap
At the moment, the LOOM price is 0.002371 ETC and it changed by -2.19% in the last 24 hours. Loom Network has a total market capitalization of $29 today. 29.37 LOOM is in circulation. The 24-hour highest price of LOOM was 0.002414 ETC and the lowest was 0.002316 ETC.
Loom Network Price Prediction
Loom Network was first released on October 1, 2017, with the LOOM tokens going public in the following spring. The ATH from May 4, 2018 — $0.7745 — still stands unconquered. In 2019 and most of 2020, LOOM price would stay in the $0.01~0.02 area. The more recent crypto rally gave it a chance to beat the previous record, but the demand wasn't there: LOOM would not go over $0.255.
In the LOOM price predictions in a year from now, experts give a tame range of targets — from $0.06 to $0.08. A 2025 LOOM price prediction is way less accurate: various sources give targets ranging from $0.017 to $0.17. Only by 2030 Loom Network is expected to reach $1.
Loom Network Wallets
Still confused about which wallet to pick?
We recommend Trezor, CoolWallet S and Exodus wallet. Each of them has peculiarities and serve different purposes. In all of these wallets, you can store LOOM, monitor live Loom Network prices and also exchange it from ChangeHero without leaving the application.
LOOM to ETC exchange margin
The closing conversion rate for LOOM to ETC yesterday was {{LAST}}. Considering today’s exchange rate, a transaction of 1 LOOM to ETC would result in an output of 0.002371 ETC.
How to convert Loom Network to Ethereum Classic
Loom Network and Ethereum Classic comparison
Loom Network is a platform on top of Ethereum that enables reliable applications to work in side chains. It is powered by Plasma, one of the more common Ethereum scaling solutions, which shards transactions and records only the total output on the main chain. In addition to sharding, Loom Network employs zero-knowledge proofs for additional security. LOOM tokens act as a pass to access the Loom-based applications. They cannot be mined, and to earn those users have to engage with the apps.
The infamous DAO hack in the Ethereum blockchain resulted in a loss of millions of dollars in the form of Ether. In an attempt to roll back the mishap and recover the lost ETH, the community decided to perform a hard fork and adopt new rules. A few in the community were against this decision of reverting things in the blockchain as it contradicts the immutable nature of the blockchain. Nevertheless, the hard fork was performed and Ethereum adopted the new rules. But the people who objected to this stuck to the old chain and the chain was renamed as the Ethereum Classic with the ticker ETC. In the history of blockchain, it’s the only hard fork which took place based on ethical values. To this day Ethereum Classic follows the “Code is Law” principle and doesn’t alter the way it works. The chain is also capable of smart contracts and building dApps.
What is Loom Network?
Loom Network is a platform on top of Ethereum that enables reliable applications to work in side chains. It is powered by Plasma, one of the more common Ethereum scaling solutions, which shards transactions and records only the total output on the main chain. In addition to sharding, Loom Network employs zero-knowledge proofs for additional security.
LOOM tokens act as a pass to access the Loom-based applications. They cannot be mined, and to earn those users have to engage with the apps.
Loom Network to Ethereum Classic price details
LOOM to ETC Conversion Rate and Price
At the moment, the conversion rate for 1 LOOM equals to 0.002371 ETC. The 24-hour highest price of Loom Network in relation to ETC was 0.002414 ETC and the lowest was 0.002316 ETC. In short, the LOOM price in relation to ETC changed by -2.19%.
Instantly Exchange LOOM to ETC
On ChangeHero you can instantly exchange Loom Network to Ethereum Classic without signup. You can easily convert LOOM to ETC in a few clicks without worrying about the rates and fees. ChangeHero offers both the Best and Fixed rates for your LOOM to ETC exchange.
LOOM to ETC Best Rate Exchange
For the Best Rate exchange of Loom Network to Ethereum Classic, we search through various exchanges for the LOOM to ETC pair and find the best rate available in the market. We provide you with an estimation of the amount of ETC you will receive.
As soon as you accept the terms and the LOOM is deposited, the exchange will be automatically processed. We remind you that the final amount of ETC you receive may vary slightly due to the volatility in the price of the cryptocurrencies which affects the conversion rate of LOOM to ETC.
LOOM to ETC Fixed Rate Conversion
For the Fixed Rate exchange of Loom Network to Ethereum Classic, ChangeHero finds a good rate for the pair LOOM to ETC and fixes the rate for up to 15 minutes. In the Best Rate exchange of LOOM to ETC, you will receive the exact amount of ETC shown in the estimate.
ChangeHero is a non-custodial service and never holds your cryptocurrency. As soon as the exchange is completed, we send your assets to the mentioned ETC address. ChangeHero is the best place to exchange LOOM to ETC fast and safe at the best rates.
Frequently asked questions
How long does it take to convert LOOM to ETC?
Usually, it takes around 15 minutes but the time may vary depending on how busy the network is.
Do I need an account to exchange LOOM to ETC?
No, you do not need an account to swap LOOM to ETC on ChangeHero. There will be no registrations for your Loom Network to Ethereum Classic transaction.
Do I need to go through KYC procedures for LOOM to ETC exchange?
There will be no KYC for the LOOM to ETC exchange. However, if our threat detection system raises the alarm then we ask you to complete a simple verification procedure that takes a few minutes.
Can I exchange ETC to LOOM?
Yes, you can instantly exchange ETC to LOOM on ChangeHero.