Loom Network (LOOM) vs Monero (XMR) Comparison
On this page, you can compare Loom Network (LOOM) with Monero (XMR). 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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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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Monero is the most significant privacy-focused cryptocurrency on the market. It was created in 2014. The main feature of Monero is mixing of transactions in the blockchain. Third parties can't see amounts of money sent in transactions and addresses participating in operations, so all payments are untraceable. The developers are keeping it ASIC-resistant. It saves this network from centralization and gives an opportunity for GPU owners to earn something from mining Monero.
Despite its lack of serious marketing campaign Monero has gained a strong following on different forums and social media platforms. In 2016 the price of Monero began to grow. Nowadays this currency is one of the top 15 cryptocurrencies by its market cap.
|
Type
| token | coin |
Founding Date
| 2017 | 2014 |
Country
| International | International |
Languages
| No data | No data |
Team
| Public | Not Public |
Protocol
| Public blockchain | Public blockchain |
Current price (USD)
| 0.0825 | 118.7185 |
All-time high (USD)
| 0.7745 | 495.8400 |
Price change (24h)
| -4.69 | -2.42 |
Volume (24h)
| 1720271.06655 | 15077398.63075 |
Hashrate
| No data | 1 |
Max Supply
| 1000000000.00000 | No data |
Total supply
| No data | No data |
Circulating Supply
| 1300000000.00000 | 18428009.09297 |
Transaction speed / Block time
| No data | 26 |
Transaction fee
| No data | No data |
Mining profitability
| No data | No data |
Algorithm
| No data | CryptoNight-V7 |
Proof type
| No data | PoW |
Fully premined
| No data | No data |
Smart contract address
| No data | No data |
Total coins mined
| 1000000000.00000 | 17632039.18461 |
Is trading
| yes | yes |
Block reward
| 0.000000000000 | 1.554846810247 |
Block time
| No data | 120 |
| Company | ||
|---|---|---|
| User rating | 3 user reviews | 3 user reviews |
| Cryptogeek rating | ||
| Trust Score How it works |
| About |
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.
|
Monero is the most significant privacy-focused cryptocurrency on the market. It was created in 2014. The main feature of Monero is mixing of transactions in the blockchain. Third parties can't see amounts of money sent in transactions and addresses participating in operations, so all payments are untraceable. The developers are keeping it ASIC-resistant. It saves this network from centralization and gives an opportunity for GPU owners to earn something from mining Monero.
Despite its lack of serious marketing campaign Monero has gained a strong following on different forums and social media platforms. In 2016 the price of Monero began to grow. Nowadays this currency is one of the top 15 cryptocurrencies by its market cap.
|
|---|---|---|
| Type | Type token | Type coin |
| Founding Date | Founding Date 2017 | Founding Date 2014 |
| Country | Country International | Country International |
| Languages | Languages No data | Languages No data |
| Team | Team Public | Team Not Public |
| Protocol | Protocol Public blockchain | Protocol Public blockchain |
| Current price (USD) | Current price (USD) 0.0825 | Current price (USD) 118.7185 |
| All-time high (USD) | All-time high (USD) 0.7745 | All-time high (USD) 495.8400 |
| Price change (24h) | Price change (24h) -4.69 | Price change (24h) -2.42 |
| Volume (24h) | Volume (24h) 1720271.06655 | Volume (24h) 15077398.63075 |
| Hashrate | Hashrate No data | Hashrate 1 |
| Max Supply | Max Supply 1000000000.00000 | Max Supply No data |
| Total supply | Total supply No data | Total supply No data |
| Circulating Supply | Circulating Supply 1300000000.00000 | Circulating Supply 18428009.09297 |
| Transaction speed / Block time | Transaction speed / Block time No data | Transaction speed / Block time 26 |
| Transaction fee | Transaction fee No data | Transaction fee No data |
| Mining profitability | Mining profitability medium | Mining profitability low |
| Algorithm | Algorithm No data | Algorithm CryptoNight-V7 |
| Proof type | Proof type No data | Proof type PoW |
| 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 1000000000.00000 | Total coins mined 17632039.18461 |
| Is trading | Is trading yes | Is trading yes |
| Block reward | Block reward 0.000000000000 | Block reward 1.554846810247 |
| Block time | Block time No data | Block time 120 |
Social
Website
| loomx.io | ww.getmonero.org |
| @loomnetwork | Monero |
| Website | Website loomx.io | Website ww.getmonero.org |
|---|---|---|
| Twitter @loomnetwork | Twitter Monero |
Advantages
| Build apps A platform for social and games | Secure Untraceable Could grow rapidly with arms trading Private, untraceable and unfungible |
Disadvantages
| Possible scaling issues No backing | Can be used for shady things Not physically-backed Risk of regulation |
Rating
| User rating | User rating 3 user reviews | User rating 3 user reviews |
|---|---|---|
| Cryptogeek rating | Cryptogeek rating | Cryptogeek rating |
| Advantages | Advantages Build apps A platform for social and games | Advantages Secure Untraceable Could grow rapidly with arms trading Private, untraceable and unfungible |
| Disadvantages | Disadvantages Possible scaling issues No backing | Disadvantages Can be used for shady things Not physically-backed Risk of regulation |
Loom Network (LOOM) user rating is 4.3, based on 3 user reviews. Monero (XMR) user rating is 5.0, 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 Loom Network (LOOM) price is 0.825. Its 24h volume is 1,720,271.6655. 24h price change is -5.69.
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.
Monero (XMR) price is 119.7185. Its 24h volume is 15,077,399.63075. 24h price change is -2.42.
The circulating supply is 18,428,009.9297.
Monero (XMR) hash rate is 1. Monero (XMR) transaction speed/block time is 26. Block reward is 2.554846810247.
At the moment the number of coins mined is 17,632,039.18461. Mining profitability is low.
Monero (XMR) Cryptogeek user rating is 5.0, 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 Loom Network (LOOM) with Monero (XMR). 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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