Hey Carlos
It is very hard to find a fundamentally strong token backed up by rock-solid tokenomics. However, years of looking into the crypto world has helped me to build that muscle. I often share a gem like this on a newsletter, and it seems like, today I have found one mid-risk investment in the form of the $Looks token.
LooksRare is a new NFT marketplace, an OpenSea competitor, which was born in the 2nd week of January 2022. In the last 3 weeks, it seems to be doing all the right things to attract the NFT community.
The last known valuation of OpenSea is $13 Billion and the current fully diluted market cap of $Looks (native token of LooksRare) is only $4.3 Billion.
Considering the fact that the NFT ecosystem seems to be growing, there was a huge need and demand for OpenSea competitor where LooksRare marketplace is well placed.
With its offerings of:
- $Looks staking
- Platform fees distribution to $Looks stakers
- $Looks token distribution on buying/selling of NFT
The platform is growing rapidly. There are some complaints of wash trading but I guess I will ignore it for now and focus on the sunny side.
$Looks token is also available on all major exchanges, and you can get it from:
- Bybit
- FTX
- Uniswap
- Huobi Global
The platform is yet to launch the minting feature, support more blockchains, and add more features that OpenSea has or is lacking. The Binance listing is pending, and IMO, this could be solid reasons for price propellent.
I have published a detailed guide on The Bullish case for $Looks token (OpenSea Vs. LooksRare) that you must read. If you agree with this analysis, you may consider investing in it.
Tip: Don't just buy and hold, rather stake it on LooksRare rewards page. Staking not only lets you earn more $Looks tokens, you would also be earning WETH (Wrapped ethereum), which is lucrative. I have earned almost 0.5 WETH in 20 days by staking 1500 Looks tokens.
As we commonly say in the world of crypto investing: DYOR (Do your own research) and BYOC (Build your own conviction).
If you have been following the $Looks price movement and LooksRare marketplace growth, I would love to hear your thoughts and analysis. Simply reply to this email and share your thoughts.
If you have suggestions for the next article or video, let me know by replying to this email. I'm always around to help you grow in the world of Crypto.
Ta Da!
Harsh Agrawal (harsh.eth)
Join our discord to discuss crypto
Bullish case for Looks token: LooksRare Vs. OpenSea