$LOOP climbs over 16% as LoopNetwork unveils POS blockchain Plans

$LOOP, the native token of Loop Network, an innovative platform that supports smart contracts & native cross-chain communication, is up over 16% in the past 24hours, & now trades around $0.07026, with inflow of $142.67k, as per Gate.io chart.

This follows the wonderful Notice that Loop Network is completing its upgrade to a Proof Of Stake blockchain. The POS blockchain, like Ethereum, is set to give Loop Network more flexibility with infinite TPS, security & compatibility of Ethereum 2.0 protocols. The latest move is aimed at enabling Loop Network stand out in the highly competitive market of L1 blockchains.