LooksRare is an NFT marketplace known for its incredible reward system. Users can earn rewards by staking LOOKS in one type of reward system. People can earn a good APY simply by listing their NFTs.
LooksRare‘s trading experience is simple for experienced NFT traders while also offering novel features such as collection-wide offers. It also offfers instant royalty payouts for creators, and flexible purchases using mixed tokens (WETH +ETH). Behind the straightforward user interface is an innovative, modular smart contract design and a full-stack designed from the ground up for scalability, security, and speed. LooksRare’s model was created in direct response to the previous generation of NFT marketplaces, with the goal of strengthening the NFT community through user participation. Let us review the LOOKS price
LOOKS Price Prediction
Bullish Scenario: On a higher time frame, such as the daily(D), LOOKS has broken the bearish downtrend line and is now trading above the $1.66 support zone. It may retrace to $1.66, and if the $2.28 resistance level breaks following the retracement, we might see a rally towards $2.82, $3.41, and higher.
Bearish Scenario: We’re witnessing early signals of significant bullish momentum, but we can’t fully exclude the negative possibility. LOOKS is still in a downturn on higher time intervals, such as monthly(M). Failure to hold the $1.66 support level and a breach below $1.23 might result in a slide to $0.86 and lower.
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