LooksRare continue to rise since its launch with 129% returns for traders. Thursday’s is not an exception with a new high at $6.85. The volume rose to $296,919,196 recording more than 150% gains in the past 24-hour day.
- LooksRare looks unstoppable, inches higher to scale up new highs.
- An NFT marketplace endorses buying and selling of digital art using LOOKS tokens.
- LooksRare outperformed OpenSea by more than 100% since its launch.
LooksRare set eyes on OpenSea
OpenSea is the world’s first and largest NFT marketplace. Now, LooksRare is becoming a threat to the position of OpenSea in the world of the digital marketplace. The latest NFT platform has already out-formed rival OpenSea in terms of volume. LooksRare received over $3.4 billion in Etheruem received in a single week. Furthermore, in some cases, the NFT platform successfully outperformed OpenSea by more than 100%.
LooksRare Approach refers as “Vampire attack”: Arcane Research
So what is this “Vampire attack”?
Well, it is the strategy to target the already established user base of OpenSea, luring them in with an airdrop. The airdrop targeted those who had at least 3 ETH in trading volume on OpenSea over a six-month period. After identifying the category, users were awarded $LOOKS tokens after they listed an NFT on the LooksRare platform.
Talking about the technical aspect, on the 4-hour chart the token’s price has been on the Bull run since its listing. The price remains steady above the 20 DMA with no signs of reversals.
The daily Relative Strength Index (RSI) and the MACD (Moving Average Convergence Divergence) both oscillators intact their bullish momentum. This gives the bulls enough encouragement to keep their heads up.
- Incoming Shiba Inu Rally? Over 22 Billion SHIB Tokens Burned Across 497 Transactions
- French Luxury Brand Balenciaga To Accept Crypto Payments In U.S.
- PayPal May Soon Accept All Forms Of Crypto Reveals Vice-President
- Crypto Analyst Predicts What Will Kickstart Next Bitcoin Bull Run
- Just-In: South Korea May Sue Crypto Exchanges Over Terra Crash
- Breaking: S. Korean Exchanges Redflag Litecoin Mimblewimble Update; May Delist LTC
- Just-In: PlanB Reveals Bitcoin S2F Prediction For 2024 Halving
- Heavy Outflows Force Investors to Seek Refuge In Multi-crypto Investment Products
- PlanB: When Will Bitcoin (BTC) Price Cross $500K?
- Case Study: P2E Gaming Projects Tackling The Barriers To Web3 Mass Adoption
- Ethereum Price Analysis: Triangle Pattern Foretells Upcoming Rally in ETH
- Zilliqa Price Analysis: Channel Breakout Hints ZIL Price to hit $0.1
- Bitcoin Price Analysis: Trapped Bullish Momentum Need Triangle Breakout
- FTM Price Analysis: Buyers Tease Breakout From Long-Coming Trendline
- GALA Price Analysis: High Momentum Fallout Warns $0.075 Fallout
- Solana Price Prediction 2022: Bulls to drive SOL Price to new Highs?
- Theta Price Prediction 2022 : Analysts Insights into the crucial Reversal levels
- Sandbox Price Prediction 2022 : Analysts Show Optimism Towards The Metaverse SAND Token
- Apecoin Price Prediction 2022 : The future of Web3 and NFTs ?
- Ethereum Classic Price Prediction 2022 : Here’s What to Expect from ETC Price ?