Loom Network (LOOM) vs UTRUST (UTK) Comparison

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On this page, you can compare Loom Network (LOOM) with UTRUST (UTK). 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

User rating

4.3 / 5 3 user reviews 4.5 / 5 4 user reviews

Cryptogeek rating

3.8 / 5 4.2 / 5

Trust Score

How it works
4.24 / 5 4.44 / 5

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.
UTRUST (UTK) is own token of the eponymous platform and used to pay for its services. The token is based on the Ethereum protocol. The cryptocurrency pairs including UTK are being traded on the number of exchanges.

Type

token token

Founding Date

2017 2017

Country

International International

Languages

No data No data

Team

Public Public

Protocol

Public blockchain Public blockchain

Current price (USD)

0.0696 0.1319

All-time high (USD)

0.7745 1.4200

Price change (24h)

4.16 6.16

Volume (24h)

662105.01614 207836288.06639

Hashrate

No data No data

Max Supply

1000000000.00000 500000000.00000

Total supply

No data No data

Circulating Supply

1300000000.00000 926680984.00000

Transaction speed / Block time

No data No data

Transaction fee

No data No data

Mining profitability

No data No data

Algorithm

No data No data

Proof type

No data No data

Fully premined

No data No data

Smart contract address

No data No data

Total coins mined

1000000000.00000 No data

Is trading

yes No data

Block reward

0.000000000000 No data

Block time

No data No data
Company
User rating User rating 4.3 / 5 3 user reviews User rating 4.5 / 5 4 user reviews
Cryptogeek rating Cryptogeek rating 3.8 / 5 Cryptogeek rating 4.2 / 5
Trust Score How it works Trust Score 4.24 / 5 Trust Score 4.44 / 5
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.
UTRUST (UTK) is own token of the eponymous platform and used to pay for its services. The token is based on the Ethereum protocol. The cryptocurrency pairs including UTK are being traded on the number of exchanges.
Type Type token Type token
Founding Date Founding Date 2017 Founding Date 2017
Country Country International 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) 0.0696 Current price (USD) 0.1319
All-time high (USD) All-time high (USD) 0.7745 All-time high (USD) 1.4200
Price change (24h) Price change (24h) 4.16 Price change (24h) 6.16
Volume (24h) Volume (24h) 662105.01614 Volume (24h) 207836288.06639
Hashrate Hashrate No data Hashrate No data
Max Supply Max Supply 1000000000.00000 Max Supply 500000000.00000
Total supply Total supply No data Total supply No data
Circulating Supply Circulating Supply 1300000000.00000 Circulating Supply 926680984.00000
Transaction speed / Block time Transaction speed / Block time No data 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 No data 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 1000000000.00000 Total coins mined No data
Is trading Is trading yes Is trading No data
Block reward Block reward 0.000000000000 Block reward No data
Block time Block time No data Block time No data

Social

Website

loomx.io utrust.com

Twitter

@loomnetwork @UTRUST
Website Website loomx.io Website utrust.com
Twitter Twitter @loomnetwork Twitter @UTRUST

Advantages

Build apps A platform for social and games Unique features

Disadvantages

Possible scaling issues No backing No direct backing High competition Lacking known team

Rating

User rating User rating 4.3 / 5 3 user reviews User rating 4.5 / 5 4 user reviews
Cryptogeek rating Cryptogeek rating 3.8 / 5 Cryptogeek rating 4.2 / 5
Advantages Advantages Build apps A platform for social and games Advantages Unique features
Disadvantages Disadvantages Possible scaling issues No backing Disadvantages No direct backing High competition Lacking known team

Loom Network (LOOM) user rating is 4.3, based on 3 user reviews. UTRUST (UTK) user rating is 4.5, based on 4 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?
Trust Score: 4.24 / 5 Write review
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Loom Network (LOOM) features

At the moment Loom Network (LOOM) price is 0.696. Its 24h volume is 662,105.1614. 24h price change is 4.16.

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.

UTRUST (UTK) features

UTRUST (UTK) price is 0.1319. Its 24h volume is 207,836,288.6639. 24h price change is 6.16.

UTRUST (UTK) max supply is 500,000,000.0. The circulating supply is 926,680,984.0.

Mining profitability is medium.

UTRUST (UTK) Cryptogeek user rating is 4.5, based on 4 user reviews.

Some basic rules

When trading cryptocurrency, you should take into account the following rules:

Keep track of emotions

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.

Beware of hype

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.

Don't be taken in by false news

An important lesson: do not believe the news, study the topic yourself.

Apply investments diversification strategy and risk management

Diversification is one of the oldest and most important concepts for an investor. Here's how to do it.

  1. 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.
  2. 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.
  3. 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.

Do not store tokens on exchanges

Lesson: while tokens are stored on the exchange, do not consider them as yours.

On this page, you can compare Loom Network (LOOM) with UTRUST (UTK). 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.