Loom Network price goes parabolic as user growth spikes

Loom Network price went parabolic on Monday as demand for the coin jumped. The token rose by over 250% from the lowest level during the weekend. It was trading at $0.1463, which was the highest level since February 2022, giving it a market cap of over $123 million.
What is Loom Network and why is it rising?
Loom Network is a relatively small blockchain project that seeks to solve some of the challenges that developers face. It is a multichain interoperability platform that is connected to other