Solana, Loom & Bitcoin — Asian Wrap 13 October


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Solana has been touted as an Ethereum killer, but as with every blockchain in the crypto market, the network does not come without its fair share of issues. While many who get hacked or exploited deal with the issues after the fact, Solana intends to get a step ahead by making a very lucrative offer to white hat hackers.

Loom Network token (LOOM) is highly bullish, passing as a rather lucrative investment for traders who use the scalp technique, buying and selling the asset within a short period to make small profits. With traders relying on LOOM’s price fluctuations for quick entry and exit trades, extra caution is required as signs point to manipulation.

Bitcoin (BTC) price is likely to pull back, if history is enough to go by, leaving bear sellers to suffer after multiple failed breakouts.