In Norse mythology, Loki possesses a range of shapeshifting abilities, enabling him to transform into various forms, including animals and even different genders. This power of disguise plays a significant role in Loki's cunning and deceitful nature, allowing him to manipulate events and influence both gods and mortals. His identity changes often lead to both chaos and resolution within myths, highlighting his complex character as both a trickster and a necessary force for balance in the cosmos.