Instead of being limited to sending data between an individual satellite and antennas on the ground, OISLs allow satellites to send data directly to other satellites in a constellation. OISLs use infrared lasers to send data between spacecraft as they orbit the planet. Operating a next-generation orbital laser mesh network We’re excited to be able to support these next-generation OISL capabilities on every Kuiper satellite from day one.” These immediate results are only possible because we approached our OISL architecture as one part of a fully integrated system design, and it’s a testament to this team’s willingness to invent on behalf of customers. “This system is designed fully in-house to optimize for speed, cost, and reliability, and the entire architecture has worked flawlessly from the very start. The post Loom Network price pops but gains could be short lived appeared first on Invezz.“With optical inter-satellite links across our satellite constellation, Project Kuiper will effectively operate as a mesh network in space,” said Rajeev Badyal, Project Kuiper's vice president of technology. If this happens, it will validate the double-top pattern, leading to a strong pullback as sellers target the neckline at $0.1118, the lowest point on Tuesday. Therefore, the outlook for the Loom Network price will retest the resistance at $0.1677, the highest point in September. LOOM has moved above the 50-day and 100-day moving averages while the Relative Strength Index (RSI) has moved to the overbought level. It rose above $0.077, the highest point on July 14th It has also jumped above the key resistance at $0.1432, the highest swing in March this year. The daily chart shows that the LOOM price has been in a strong bullish trend in the past few weeks. Most of this volume is coming from Upbit followed by Binance. The volume jumped by more than 139% in the past 24 hours to more than $169 million. Meanwhile, according to CoinMarketCap, the volume of LOOM being traded in exchanges is rising. This open interest is just from Bybit, the only company that provides Loom Network in its ecosystem. Data by CoinGlass shows that futures open interest rose to more than $44 million, the highest level on record. Therefore, the Loom Network price is rising likely because of increasing buying pressure. At the same time, the number of transactions in the ecosystem has also dropped sharply, as shown below. Still, a look at Loom network shows that the number of new addresses in the ecosystem has crashed to the lowest level since September 24th. □ New Listing: □ Trading Pair: $LOOM / $USDT □ Trading Starts: 12:00 PM, Sep 25 (UTC) ✅ Trade: Details: #Gateio #Newlisting #LOOM /nYLmW2ZmJY Gate.io, one of the biggest exchanges in the world, listed the coin in September. The rally continued in September after a major exchange listed the token. Loom Network, a blockchain that has a seamless integration to Bitcoin, Ethereum, and Binance Chain, has done well in the past few weeks. It has risen by more than 320% from the lowest level in September. The token soared to a high of $01575, a few points below the year-to-date high of $0.1677. Loom Network token rebounded sharply on Thursday as open interest in the futures market continued.
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