To determine the minimum speed required for an object to complete a circular loop, the velocity at the top of the loop must be sufficient to maintain contact, calculated using the formula v = SQRT(g*r), where g is gravitational acceleration and r is the loop's radius. It's suggested that starting the object at the top of the loop and measuring its speed at the bottom can help establish the necessary entry speed, factoring in friction losses and a safety margin. For roller coasters, an elliptical or egg-shaped loop is recommended over a circular one to manage g-forces better, allowing for a smoother experience without excessive strain on passengers. This design helps maintain the necessary forces at the top while reducing the initial g-forces experienced during ascent. Overall, understanding the physics of motion and energy conservation is crucial for safe and effective loop designs.