Sign up to save your podcasts
Or
Share How far can LooksRare (LOOKS), an OpenSea alternative, go?
Share to email
Share to Facebook
Share to X
Share to email
Share to Facebook
Share to X
Or
How far can LooksRare (LOOKS), an OpenSea alternative, go?
Investors are wondering how high LOOKS' momentum will take it as the stock continues to rise.
LooksRare (LOOKS) is the newest non-fungible token (NFT) exchange on the block, threatening to dethrone the all-powerful OpenSea as the leading NFT exchange. Even as it confronts drama, the LOOKS crypto continues to soar upward in price due to its ever-increasing offering of tokens, as well as staking chances with huge payouts. LOOKS bitcoin price predictions are being sought by investors to check if it can maintain up with the current trend.
The LooksRare NFT marketplace is unique in that it has its own dedicated coin, unlike many other NFT marketplaces. Coins like as Ethereum (ETH) are commonly used via platforms such as OpenSea. Others, like as Axie Infinity (AXS) and Decentraland (MANA), are initiatives with a different primary purpose that employ a native NFT marketplace to supplement their core focus.
Unlike its competitors, LooksRare is an NFT-first marketplace with its own token for staking. LooksRare consumers will like the simplicity, as well as the fact that it offers some of the best annual percentage rates (APRs) on the market. Staking LOOKS on the site currently yields approximately 600 percent.
LOOKS has quickly become one of the most popular altcoins on the market since its launch in early January. This is mostly owing to the platform's combined NFT sales and staking capabilities, which make it a profitable and convenient one-stop shop.
Wash trading, which is forbidden on the traditional stock market, sees NFT users artificially inflate prices by purchasing and selling the same token at the same time. LooksRare came under criticism earlier this week after it was found that majority of its trading volume came from wash trading.
LooksRare, on the other hand, appears to be a popular investment option. The market continues to offer higher yields and a larger selection of tokens than other platforms. As a result, much of the negative feeling that had been surrounding it earlier in the week has been dispelled. Users received about $30 million in packaged ETH and LOOKS incentives just yesterday alone.
The popularity of LOOKS is increasing. It's up 6% today, trading around $5. Is the token going to be able to maintain its tremendous velocity in its first year? Let's take a look at some LOOKS crypto price forecasts to see what experts have to say:
Only minor improvements are expected by the end of 2022, according to PricePrediction.net. The site has set a goal of $6.61 for the year.
Similarly, DigitalCoinPrice holds the same opinion. According to the site, LOOKS will be worth $6.89 at the end of the year.
WalletInvestor is a lot more optimistic than the rest of the industry. By February 2023, the site predicts that LOOKS will be worth $21.15.
Gov Capital is likewise optimistic about the coin, predicting a price of $14 in a year.
Support us!
View all episodes
By Crypto PiratesInvestors are wondering how high LOOKS' momentum will take it as the stock continues to rise.
LooksRare (LOOKS) is the newest non-fungible token (NFT) exchange on the block, threatening to dethrone the all-powerful OpenSea as the leading NFT exchange. Even as it confronts drama, the LOOKS crypto continues to soar upward in price due to its ever-increasing offering of tokens, as well as staking chances with huge payouts. LOOKS bitcoin price predictions are being sought by investors to check if it can maintain up with the current trend.
The LooksRare NFT marketplace is unique in that it has its own dedicated coin, unlike many other NFT marketplaces. Coins like as Ethereum (ETH) are commonly used via platforms such as OpenSea. Others, like as Axie Infinity (AXS) and Decentraland (MANA), are initiatives with a different primary purpose that employ a native NFT marketplace to supplement their core focus.
Unlike its competitors, LooksRare is an NFT-first marketplace with its own token for staking. LooksRare consumers will like the simplicity, as well as the fact that it offers some of the best annual percentage rates (APRs) on the market. Staking LOOKS on the site currently yields approximately 600 percent.
LOOKS has quickly become one of the most popular altcoins on the market since its launch in early January. This is mostly owing to the platform's combined NFT sales and staking capabilities, which make it a profitable and convenient one-stop shop.
Wash trading, which is forbidden on the traditional stock market, sees NFT users artificially inflate prices by purchasing and selling the same token at the same time. LooksRare came under criticism earlier this week after it was found that majority of its trading volume came from wash trading.
LooksRare, on the other hand, appears to be a popular investment option. The market continues to offer higher yields and a larger selection of tokens than other platforms. As a result, much of the negative feeling that had been surrounding it earlier in the week has been dispelled. Users received about $30 million in packaged ETH and LOOKS incentives just yesterday alone.
The popularity of LOOKS is increasing. It's up 6% today, trading around $5. Is the token going to be able to maintain its tremendous velocity in its first year? Let's take a look at some LOOKS crypto price forecasts to see what experts have to say:
Only minor improvements are expected by the end of 2022, according to PricePrediction.net. The site has set a goal of $6.61 for the year.
Similarly, DigitalCoinPrice holds the same opinion. According to the site, LOOKS will be worth $6.89 at the end of the year.
WalletInvestor is a lot more optimistic than the rest of the industry. By February 2023, the site predicts that LOOKS will be worth $21.15.
Gov Capital is likewise optimistic about the coin, predicting a price of $14 in a year.
Support us!