IOTA (MIOTA) vs Loom Network (LOOM) Comparison
On this page, you can compare IOTA (MIOTA) with Loom Network (LOOM). Which coin is better to buy now? What will be the better investment?
You can read more about cryptocurrency investment strategies in this article. Some additional rules you can also find here. Finally, you can read about the top 10 trading mistakes leading to failure in this article.
| Company |
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User rating
| 3 user reviews | 3 user reviews |
Cryptogeek rating
Trust Score
How it worksAbout
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IOTA is a distributed ledger and cryptocurrency created to process operations between devices of the Internet of Things. IOTA was launched in 2015. The project is based on an unique directed acyclic graph (DAG) instead of a blockchain. DAG uses a Tangle technology which provides unlimited scaling opportunities and free and fast transactions. The project is backed by non-profit IOTA Foundation. Besides, IOTA ecosystem has its own data marketplace available both for companies and individuals. IOTA quickly gained strong partnerships in the tech industry (including Volkswagen and Bosch) and high market capitalization (by the end of 2017 IOTA reached top 5 list by its, market cap although now its position is lower).
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Loom Network (LOOM) token is currently based on cryptocurrency Ethereum protocol. It is represented on a fair number of exchanges. Loom Network plans to be the connecting hub for various blockchains. It provides dapp developers with the tools to integrate assets from major chains, such as BTC, ETH, Binance and TRON (with EOS and Cosmos coming soon). You can also earn LOOM tokens for participating in the network as the reward or bounty.
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Type
| coin | token |
Founding Date
| 2015 | 2017 |
Country
| Germany | International |
Languages
| No data | No data |
Team
| Public | Public |
Protocol
| Public blockchain | Public blockchain |
Current price (USD)
| 0.3717 | 0.0650 |
All-time high (USD)
| 5.6900 | 0.7745 |
Price change (24h)
| -7.13 | -6.66 |
Volume (24h)
| 22417213.34448 | 306921.11786 |
Hashrate
| No data | No data |
Max Supply
| 2779530283.00000 | 1000000000.00000 |
Total supply
| No data | No data |
Circulating Supply
| 2779530283.27780 | 1300000000.00000 |
Transaction speed / Block time
| 1500 | No data |
Transaction fee
| No data | No data |
Mining profitability
| No data | No data |
Algorithm
| No data | No data |
Proof type
| Tangle | No data |
Fully premined
| No data | No data |
Smart contract address
| No data | No data |
Total coins mined
| 2779530283.00000 | 1000000000.00000 |
Is trading
| yes | yes |
Block reward
| 0.000000000000 | 0.000000000000 |
Block time
| No data | No data |
| Company | ||
|---|---|---|
| User rating | 3 user reviews | 3 user reviews |
| Cryptogeek rating | ||
| Trust Score How it works |
| About |
IOTA is a distributed ledger and cryptocurrency created to process operations between devices of the Internet of Things. IOTA was launched in 2015. The project is based on an unique directed acyclic graph (DAG) instead of a blockchain. DAG uses a Tangle technology which provides unlimited scaling opportunities and free and fast transactions. The project is backed by non-profit IOTA Foundation. Besides, IOTA ecosystem has its own data marketplace available both for companies and individuals. IOTA quickly gained strong partnerships in the tech industry (including Volkswagen and Bosch) and high market capitalization (by the end of 2017 IOTA reached top 5 list by its, market cap although now its position is lower).
|
Loom Network (LOOM) token is currently based on cryptocurrency Ethereum protocol. It is represented on a fair number of exchanges. Loom Network plans to be the connecting hub for various blockchains. It provides dapp developers with the tools to integrate assets from major chains, such as BTC, ETH, Binance and TRON (with EOS and Cosmos coming soon). You can also earn LOOM tokens for participating in the network as the reward or bounty.
|
|---|---|---|
| Type | Type coin | Type token |
| Founding Date | Founding Date 2015 | Founding Date 2017 |
| Country | Country Germany | Country International |
| Languages | Languages No data | Languages No data |
| Team | Team Public | Team Public |
| Protocol | Protocol Public blockchain | Protocol Public blockchain |
| Current price (USD) | Current price (USD) 0.3717 | Current price (USD) 0.0650 |
| All-time high (USD) | All-time high (USD) 5.6900 | All-time high (USD) 0.7745 |
| Price change (24h) | Price change (24h) -7.13 | Price change (24h) -6.66 |
| Volume (24h) | Volume (24h) 22417213.34448 | Volume (24h) 306921.11786 |
| Hashrate | Hashrate No data | Hashrate No data |
| Max Supply | Max Supply 2779530283.00000 | Max Supply 1000000000.00000 |
| Total supply | Total supply No data | Total supply No data |
| Circulating Supply | Circulating Supply 2779530283.27780 | Circulating Supply 1300000000.00000 |
| Transaction speed / Block time | Transaction speed / Block time 1500 | Transaction speed / Block time No data |
| Transaction fee | Transaction fee No data | Transaction fee No data |
| Mining profitability | Mining profitability medium | Mining profitability medium |
| Algorithm | Algorithm No data | Algorithm No data |
| Proof type | Proof type Tangle | Proof type No data |
| Fully premined | Fully premined No data | Fully premined No data |
| Smart contract address | Smart contract address No data | Smart contract address No data |
| Total coins mined | Total coins mined 2779530283.00000 | Total coins mined 1000000000.00000 |
| Is trading | Is trading yes | Is trading yes |
| Block reward | Block reward 0.000000000000 | Block reward 0.000000000000 |
| Block time | Block time No data | Block time No data |
Social
Website
| www.iota.org | loomx.io |
| IOTA | @loomnetwork |
| Website | Website www.iota.org | Website loomx.io |
|---|---|---|
| Twitter IOTA | Twitter @loomnetwork |
Advantages
| Extremely small transactions Scalability Lightweight | Build apps A platform for social and games |
Disadvantages
| Smart Contracts Vulnerability | Possible scaling issues No backing |
Rating
| User rating | User rating 3 user reviews | User rating 3 user reviews |
|---|---|---|
| Cryptogeek rating | Cryptogeek rating | Cryptogeek rating |
| Advantages | Advantages Extremely small transactions Scalability Lightweight | Advantages Build apps A platform for social and games |
| Disadvantages | Disadvantages Smart Contracts Vulnerability | Disadvantages Possible scaling issues No backing |
IOTA (MIOTA) user rating is 4.3, based on 3 user reviews. Loom Network (LOOM) user rating is 4.3, based on 3 user reviews.
We also calculate the special Cryptogeek TrustScore based on the characteristics of each coin.
| We choose the winner based on our TrustScore Rating. Please remember, it’s still up to you which company to choose! How do we calculate Trust Score? |
At the moment IOTA (MIOTA) price is 0.3717. Its 24h volume is 22,417,213.34448. 24h price change is -7.13.
IOTA (MIOTA) max supply is 2,779,530,283.0. The circulating supply is 2,779,530,283.2778.
IOTA (MIOTA) transaction speed/block time is 1500. Block reward is 0.0.
At the moment the number of coins mined is 2,779,530,283.0. Mining profitability is medium.
IOTA (MIOTA) Cryptogeek user rating is 4.3, based on 3 user reviews.
Loom Network (LOOM) price is 0.65. Its 24h volume is 306,921.11786. 24h price change is -7.66.
Loom Network (LOOM) max supply is 1,000,000,000.0. The circulating supply is 1,300,000,000.0.
Block reward is 0.0.
At the moment the number of coins mined is 1,000,000,000.0. Mining profitability is medium.
Loom Network (LOOM) Cryptogeek user rating is 4.3, based on 3 user reviews.
When trading cryptocurrency, you should take into account the following rules:
Put emotions aside and do not try to run after prices - the time will come and your token will go up. In a bull market, each asset has its finest hour.
Transparency in the cryptocurrency market is a scarce commodity. Be on the lookout for everything you hear critically, and think about the possible reasons for the newsmaker before spreading the news.
Study the topic yourself, taking into account other people's opinions. Take the news critically. People name different reasons for the recent decline in the cryptocurrency market - these are :baseCompany futures, the Chinese New Year, the loss of interest in :baseCompany, and the downside game by large players ... However, it is possible that the whole thing is false news.
An important lesson: do not believe the news, study the topic yourself.
Diversification is one of the oldest and most important concepts for an investor. Here's how to do it.
- Low risk, high market capitalization: 40% of your portfolio. These are the safest and most stable investments, 10 leading tokens. Popular options: :baseCompany, :compareCompany, Neo, and so on. These tokens most likely have a great future, and in the event of market volatility, they will be least affected.
- An average risk, average market capitalization: 30% of the portfolio. These are promising and developing projects with great growth potential from the top 50. Popular options: VeChain (VEN), ICON (ICX), Omisego (OMG), and so on.
- High risk, low market capitalization: 30% of the portfolio. Here we are talking about active trading and highly profitable instruments, and constant attention is required. This category may include, for example, Red Pulse (RPX) and Internet Node Token (INT).
Lesson: never put all your eggs in one basket.
Lesson: while tokens are stored on the exchange, do not consider them as yours.
On this page, you can compare IOTA (MIOTA) with Loom Network (LOOM). Which coin is better to buy now? What will be the better investment?
You can read more about cryptocurrency investment strategies in this article. Some additional rules you can also find here. Finally, you can read about the top 10 trading mistakes leading to failure in this article.
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