The only crypto I’m buying $looks - opensea competitor $$$Looksrare.org aka $looks is the only investment I have in crypto right now, I just bought another 5000 looks under $4 and I’m staking it on the looksrare website for weth trading rewards and looks token - apr is 600-700% currently … I’m sure it will drop over time but at this price level after staking it for a few months you will be break even, even if the price dropped substantially.
NFT market is bullish , with new corporations on boarding every day it’s clear their is mainstream adoption. $looks itself is not even a month old, the first day going live they did over 100 million in NFT sales. I am bearish overall in crypto but I can see the bull case for $looks
The cheapest way to buy $looks and stake it is using bybit - get a bonus with code “ZME6P5” they have a 5 looks withdraw fee and other platforms are charging several times this amount, even using a DEX u will pay 4-5x that in eth gas fees. Try to get all your $looks at one time on bybit and then send it over to your ledger and connect the ledger to MetaMask chrome extension and stake it directly on looksrare.org (be careful don’t google looksrare, top rank ads are scams there’s a lot of phishing sites and impersonators) you will need about .065 eth to approve $looks for staking, and then stake it. A total of 2 transactions, approval is about $20 and then staking 75-100$ depending on current gas fees.
