Looksrare
LOOKSRARE (LOOKS)LooksRare (LOOKS) is a community-driven NFT marketplace that emphasizes rewarding users and active participants with its native token, LOOKS. The platform is designed to compete directly with other NFT marketplaces by offering better incentives for both buyers and sellers, such as token staking rewards and lower transaction fees.
The current price of LooksRare (LOOKS) is $0.088 with a 24-hour trading volume of $12 million. The price of LOOKS has increased by 10% in the last 24 hours, indicating a positive reception to its user-centric approach and competitive features within the NFT space.
Considering LooksRare's strategic focus on enhancing user engagement and its recent bullish performance, the next price targets for LOOKS could be $0.125, $0.150, $0.175, $0.20,and $0.225. Traders might consider establishing positions at the current level. This trade idea is based on the growing popularity of NFTs and LooksRare's innovative approach to capturing value in this expanding market.
WHERE ARE WE ? BACK TO BULL MARKET ?I am reading a lot of "bullmarket is back" opinions here and there, and I don't really find an argument for a V reversal for the 17k low on $BTC yet
I think we are in a rangy phase where good investors/ltf traders will get nice opportunities to build their long term portfolio
I already shared my view on the Cosmos ecosystem, so now I will share my list of alts that I am looking to accumulate and in which proportion and at what average price (ideally):
ETH $750,00 - 10%
SOL $17,00 - 20%
ATOM $8,00 - 30%
SYN $0,50 - 10%
LOOKS $0,15 - 10%
the 20% remaining of the portfolio will stay in cash waiting to ride new cycle narratives
I have no interest in Bitcoin as the expected return is probably lower than newer coins/narratives
Exciting times ahead anyway
Cheers
#LOOKS/USDT 1D (ByBit) Falling wedge breakoutLooks Rare finally regained 20EMA support and seems ready to push towards 100EMA resistance.
⚡️⚡️ #LOOKS/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Long)
Leverage: Isolated (1.6X)
Amount: 5.1%
Current Price:
0.06390
Entry Zone:
0.06400 - 0.05740
Take-Profit Targets:
1) 0.07835
2) 0.09165
3) 0.10490
Stop Targets:
1) 0.04620
Published By: @Zblaba
BSE:LOOKS #LOOKSUSDT #LooksRare #NFT
Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0
Expected Profit= +46.5% | +81.6% | +116.5%
Possible Loss= -38.9%
Estimated Gaintime= 1-2 months
looksrare.org
LOOKSRAREUSDTLower end of the accumulative zone here bouncing off support
Can still stake this thing for like 40%apr
Buying the bottom (here?)
And staking until the next bull market will prove a very profitable strategy, HODL like profits with 40%ish on whatever the eventual valuation of your bag is come the bull market
Yield is payed in eth so you’ll have your investment back via eth returns if you stake from here imo
Are NFT Marketplaces a trend today? Which assets to choose? The anticipated release of $BLUR could force traders to reevaluate the NFT marketplace sector and create a wave of growth. In this article, we will gather the main assets from the NFT marketplace sector and compare their metrics and products.
The major players in the sector, the two biggest players OpenSea and Blur have no token
LooksRare ($LOOKS)
Price: $0.3
ATH Price: $5.3
Market.cap: $145m
ATH Market.cap: $757m
FDMC: $308m
Although $LOOKS is one of the largest companies in the sector, it is risky enough to buy the token. $LOOKS has a large number of stakers, some of whom bought and accumulated the token at lower prices
The $LOOKS token has risen 131% in the last 3 months.
SuperRare ($RARE)
Price: $0.17
ATH price: $3.1
Market.cap: $56m
ATH Market.cap: $317.8m
FDMC: $170m
One of the most popular niche marketplaces where unique art is traded, not collections. It is also interesting because it's listed on Binance, and Binance retail investors are willing to buy anything that's trending and can give profit.
$RARE token is up 92% in the last 3 months
X2Y2 ($X2Y2)
Price: $0.21
ATH price: $3.2
Market.cap: $38.6m
ATH Market.cap: $300m
FDMC: $209m
It is the largest volume marketplace after Blur and OpenSea, but its token is lower by all metrics than $LOOKS, for example. It can be considered as a potential alpha for narrative growth and one of the hidden gems along with $RARE.
$X2Y2 is up almost 400% in the last 3 months.
Rarible ($RARI)
Price: $2.27
ATH price: $45
Market.cap: $867m
ATH Market.cap:
FDMC: $56m
One of the oldest projects of the sector. It has the smallest metrics for today..
RARI token has risen 34% in the last 3 months
A little bit about $BLUR
The Blur project now is a direct competitor to OpenSea, whose capitalization was estimated at the market peak in 2021 at ~ $1b. The release of $BLUR with roughly the same performance for FDMC may prompt the rest of the market to review token prices for projects from the same segment and, even more interestingly, may prompt OpenSea to give up issuing shares and going public and move to prepare for a token issue so as not to lose its position in the market
Conclusion
This year may be a pivotal year for the entire NFT sector. The largest companies in the real sector have increased their presence in this market and almost all of them have their own initiatives for denser integration. The possible token rally of NFT marketplaces could be just the beginning of this trend
Share your thoughts about NFT projects in a comments section, whether it worth trading/investing or not. Maybe you did some profit with it and you're ready to share your experience. Also check links and start trading with us!
Thank you for reading!
LOOKS/USDI was looking for a decent ETH project that would have the potential for staking and I came across this one.
This is a competition from the NFT marketplace to Opensea. I am one of those who believe in cryptocurrencies, their functions and carefully chosen NFTs have a wide range of uses in my opinion.
Well, Looksrare knows what they're doing. Not only will you save compared to Opensea when trading the NFT, but you are also rewarded. You can further stake the LOOKS token and thus obtain LOOKS, but also ETH.
Only those ETH fees are simply nonsense, but this is generally true for ETH, hopefully with the ETH 2.0 this will change.
The project is at the beginning after a correction from leafing and shaking paper hands. Now I think it's good to accumulate.
DYOR, NFA
My analyzes are for my feedback and fun.
$LOOKS - Attracted me towards itHello my Fellow TraderZ,
Well, going through the charts and $LOOKS caught me. Price beautifully broke the 4HTF TrendLine,also Inverted Head & Shoulders pattern is playing , and retest in progress.
I'm expecting this LONG setup to continue its play and hit the TP1- $0.32 , TP2 - $0.36.
HAPPY TRADING TraderZ , CHEERS
LOOKSRARE potentially looking like a rare event.LOOKSUSD looks like it is about to break out...
MACD bullish divergence about to crossover, and a imminent triangle breakout appears to be set in place as it nears the apex.
Watch for a failure breakdown too, still possible.
For now, leaning towards a breakout 70:30.
LooksRare But Good | Bullish SignalsGood afternoon my fellow cryptocurrency trader, I am hoping you are having a wonderful day.
Let's have a look at LooksRare (LOOKSUSDT), we have some interesting signals...
(1) Yesterday we had the highest volume day for this pair. This happened near support after a new ATL was set. (Strong buying = bullish).
(2) We have bullish divergence with the MACD.
The divergence tends to come out when a bottom is forming.
Prices remain trading below EMA10; bearish.
The RSI is still weak.
These are just early signals but there is good potential on this one.
More details on the chart.
Namaste.
LOOKS - Similar to BTC - UpdateAt the moment Looks is taking a similar way like btc.
The black box and black bars only show how fast we could recover,
if we take a similar way after the last price drop under the 2$ zone,
but that all depends heavily on the overall crypto market at the moment
and especially now much depends on btc.
In addition, according to Looks Tokenomics, new tokens have just been released,
which can also have a strong impact on supply and demand in the medium term.
Therefore, one should be rather careful at this point.
Not financial advice, just my opinion.
Since I mostly only follow English accounts on Twitter, I also write here in English,
so please forgive me my Google-Translator-English. (The message should still be clear)
LOOKS - Possible way - UpdateUpdate
After the FOMC Meeting from 4 May, #BTC doing it well
Still great potential for $looks 🚀🚀🚀 if #BTC pumps
The chart is a bit overloaded, but has the sub-cycles with the price ranges
However, one should also be cautious at the moment, so I am neutral, but long-term bullish
Not financial advice, just my opinion
LOOKS - Possible wayUpdate
Great potential for $looks 🚀🚀🚀 if #BTC pumps
The white chart pattern may a possible way for a cyclic repeating. See white box and white pattern.
Red and cyan dot lines show the subcycles.
If you want to support me, like, share, comment :-)
Not financial advice, just my opinion
LooksRare to Break Out SoonIt appears that LooksRare has formed a new support level between $1.30 - $1.50. Assuming that Bitcoin can hold its current support at $38,000 and move upward this weekend or beginning of next week, look for LooksRare to break through the resistance line and make a solid move upward. Keep an eye on the strength of its RSI index when compared to BTC. As indicated by my 2nd chart, it has performed very well while establishing this current support level.