The last year 2021, has been a fairly victorious year for cryptocurrencies as the market attained new heights with boosted popularity for cryptos. The risk of missing the opportunity persuaded a broad range of new investors. Although the non-fungible tokens have grown throughout 2021, there are still some limitations in the industry, such as a severe scarcity of competitive marketplaces. There is little interest in people in the marketplace other than OpenSea and KnownOrigin. LooksRare might fill this gap as it is very commercially labeled and contributes to the marketplace with another NFT for users.
LooksRare is a decentralized monetary network that renovates the conventional payment methods on the blockchain while using a cluster of fiat-pegged stablecoins. Its currency reserves LOOKS accesses financial infrastructure advancement, stabilizes and stimulates programmable payments. By the end of 2020, the network had been a source of about $299 billion in transactions. The token is most likely to gain progressive momentum in the future and is building excitement regarding its developing NFT marketplace.
LooksRare (LOOKS) Fundamental Analysis
LooksRare is a non-fungible token (NFT) marketplace. Two unidentified co-founders, called Zodd and Guts, created the platform. It also aims to catalog all NFT collections on the Ethereum blockchain. The LooksRare community concentrates on NFTs marketplace that can vigorously make traders participate and earn rewards. The project’s main objective is to give rise to new designs, especially in smart contracts, payouts, and ground-up capacities, to all the traders and operators in trading platforms. It also wants to provide high speed, scalability, and security.
LooksRare claimed to be made by NFT People, for NFT People. Investors can list NFTs somewhere else, too, while on LooksRare, but might prefer it for being the first NFT giving rewards on trade. This platform has no big owners or holders that can dump supply on you, no clever business, and no one eradicating momentum very soon. You can stake LOOK tokens for earning a share from daily trading fees in more LOOKS and Wrapped ETH.
The team has advised that users need to consider a significant thing: they need to register their usernames on LooksRare, just like on OpenSea. It is important to claim a username before January 15th. Users also need to use a profile photo of their own NFTs instead of copying images from somewhere else and pretending to be the owner. Users who purchase or swap NFTs from eligible collections can earn their native utility tokens LOOK.
The official website of LooksRare went live on January 10, 2022, announcing a token airdrop. The traders who had traded at least 3 ETH on OpenSea from June 16, 2021, to December 16 of 2021, benefited from these airdrops. Rewarding the community will improve its reputation even more, although it is a good trading platform for NFTs and a more active marketplace. It is ambiguous if there will be other airdrops for early adopters of the platforms in the future.
#LooksRare NFT Marketplace Now Live!
🪂 $LOOKS airdrop claim open
⏰ Staking starts at block 13977012
💰 Trading reward calculations start tomorrowLFG! 💎👀https://t.co/Y1jt9Kmqt6
— LooksRare 👀💎 – NFT Marketplace (@LooksRareNFT) January 10, 2022
Other than rewards, its lower trading fee of 2% is an affordable substitute to OpenSea. The fees are circulated among $LOOKS stakers. Users can also seek NFT collections for trading to reap the rewards in the $LOOKS token. There can be suitable locations at different times, making users examine certain market opportunities. Some eligible collections are WinterBears, PUNKS Comic 2, Alien Frens, Art Blocks, and Frontier Game. More collections will become eligible for $LOOKS after crossing 1,000 ETH volumes on LooksRare.
Roadmap
LooksRare has provided its roadmap but has not defined the period these advancements would complete. According to this roadmap, they want to launch themselves on Uniswap fairly. Their next targets are Etherscan, CMC, and Coingecko. They expect to lock their liquidity and renounce ownership. It will try to become a decentralized autonomous organization and remain trending in DEX Tools. Developers want it to have proper auditing and well-developed social media, global marketing, and PR. At last, they want to release the Avatar NFT Project.
Tokenomics
LooksRare has a total supply of 100 billion. 10% from the taxes go to a Marketing & LP wallet to protect those costs. The development wallet fulfills the fees of the NFT project as 3% of the taxes go to a Development Wallet.
Price Analysis
At the time of writing, the price of the coin is $3.20. It has a Trading volume of almost $0.3 billion and a Fully diluted market cap of about $0.60 billion. LooksRare has already planned a major marketing campaign, ready to take off. Also, there is an avatar NFT project planned. Artists would be paid from the funds gained from the token sale. The project has been developing for the past few months.
The marketplace is still under development but will change too much in the future. So, this platform can attain a significant grip in the future.
Crypto Academy LooksRare (LOOKS) Price Prediction 2022
| Months. | Minimum Price. | Average Price. | Maximum Price. |
| January 2022 | $3.6 | $3.7 | $3.8 |
| February 2022 | $3.4 | $3.5 | $3.6 |
| March 2022 | $3.5 | $3.6 | $3.7 |
| April 2022 | $3.7 | $3.85 | $4 |
| May 2022 | $4 | $4.1 | $4.2 |
| June 2022 | $4.1 | $4.3 | $4.5 |
| July 2022 | $4.6 | $4.65 | $4.7 |
| August 2022 | $4.8 | $4.9 | $5 |
| September 2022 | $4.9 | $5 | $5.2 |
| October 2022 | $5.1 | $5.2 | $5.4 |
| November 2022 | $5.3 | $5.4 | $5.6 |
| December 2022 | $5.7 | $5.9 | $6 |
LooksRare (LOOKS) Price Prediction January 2022: The minimum LOOKS price can be around $3.6 in January. The maximum price is most likely to reach around $3.8, and the average trading price might be around $3.7.
LooksRare (LOOKS) Price Forecast February 2022: We forecast the LOOKS price to reach at least a minimum of $3.4 and a maximum of $3.6. The average price of LOOKS might be around $3.5.
LooksRare (LOOKS) Price Prediction March 2022: We predict the LOOKS price to reach as high as $3.7 in March of 2022 and could be as low as $3.5. The average LOOKS price in March could be around $3.6.
LooksRare (LOOKS) Price Forecast April 2022: In April of 2022, the LOOKS price can seemingly reach a maximum of $4, while the minimum price might be around $3.7. As for the average price, LOOKS could be around $3.85
LooksRare (LOOKS) Price Prediction May 2022: In May of 2022, LOOKS might reach a maximum of $4.2 and a minimum of $4, where $4.1 could be the average price
LooksRare (LOOKS) Price Forecast June 2022: The LOOKS price could be a maximum of around $4.5 in June of 2022. The minimum price would be around $4.1, and the average price would be around $4.3.
LooksRare (LOOKS) Price Prediction July 2022: There might be slightly bearish maximum trends in LOOKS price in July with a maximum of $4.7. The minimum price could be around $4.6, while the average price could be around $4.65.
LooksRare (LOOKS) Price Forecast August 2022: We forecast LOOKS price to reach around $5 in August 2022. The minimum price could be around $4.8. As for the average price, LOOKS might be trading at around $4.9.
LooksRare (LOOKS) Price Prediction September 2022: In September of 2022, LOOKS seem to continue increasing. The price could go as high as $5.2 in September of 2022, while the lowest price of the month might be around $4.9. The average price of LOOKS in September of 2022 might be around $5
LooksRare (LOOKS) Price Forecast October 2022: The LOOKS price could reach a maximum of $5.4 in October 2022, and the lowest price of the month for LOOKS could be around $5.1. This makes an average price of $5.2 for October.
LooksRare (LOOKS) Price Prediction November 2022: In November of 2022, the LOOKS price could reach a new all-time high, as the highest price could reach $5.6. The minimum price might be around $5.3, and the average price could be $5.4.
LooksRare (LOOKS) Price Prediction December 2022: At the end of the year, the LOOKS price may reach its highest point in December and that022, at around $6. Even the lowest price of the year for LOOKS can be as high as $5.7, with an average price of around $5.9.
LooksRare (LOOK) Price Prediction 2022 Q1
The first quarter of 2022 would be just an onset of LooksRare price, and it would be trying to complete its NFT developments. The growth rate might be slow, and this duration could be ending at a maximum of $3.7 with an average price of $3.6.
LooksRare (LOOK) Price Prediction 2022 Q2
The second quarter of 2022 may see a comparatively higher price rise in the price could be due to its fair launch of UniSwap. It could possibly touch up to the highest level of $4.5 by the end of the second quarter or a minimum of $4.1 under unfavorable circumstances.
LooksRare (LOOK) Price Prediction 2022 Q3
Better liquidity might surge to a higher price due to enhanced liquidity and getting better functionally. It might end with the highest price level of LooksRare up to $5.2 or at an average price of $4.9
LooksRare (LOOK) Price Prediction 2022 Q4
This year and the fourth quarters seem to end with a remarkable LooksRare price if it succeeds in becoming a decentralized autonomous organization and would be trending to DEX Tools. The maximum possible price for the last quarter is $6, with an average of $5.9.
Crypto Academy LooksRare (LOOK) Price Prediction 2023, 2024, 2025, 2026
LooksRare (LOOK) Price Prediction 2023
If LooksRare successfully implements the technological advances to its network, 2023 would be a good year for its price growth. With increased marketing as another goal in their roadmap accompanied with accomplishments in 2022, LooksRare may observe a major surge in its price. Its minimum price in 2023 might be $5. It can touch a maximum of $10 in 2023, with an average of $8.5 by the end of that year.
LooksRare (LOOK) Price Prediction 2024
In 2024, LOOKS could be relatively stable, and with the bitcoin halving set to occur in 2024, we can foresee the market trends getting bullish once again. LOOKS could be touching a maximum of around $50, with an average of $35 or a minimum of $10 by the end of the year.
LooksRare (LOOK) Price Prediction 2025
If LooksRare reaches these high prices with structural and functional betterments and good marketing, this year would be seen as another successful year with much more popularity among crypto investors. So, the minimum price can be $40 or a maximum price of $150 with an average of $100.
LooksRare (LOOK) Price Prediction 2026
In 2026, after so many prosperous incidents and collaborations with many other strong partners, LooksRare can reach new heights of success. It can reach its highest price of $200 with an average of $180, but under extremely unfavorable conditions, its price might be $160.
LOOKS (LOOKS) Market Price Prediction
As this project is still relatively young, experts predict that its price can increase many times in the future. Here is what some of them have to say about the future price of LOOKS:
Digital Coin Price
Digital Coin Price has predicted the lowest possible price of LooksRare to be $14.12 in the future, while the highest price of LooksRare can be up to $15.64. LooksRare (LOOKS) price will increase according to their predicted data in the future. They predict that the price of a LOOKS token can approximately be up to $6.04 in a year, which is nearly two times higher than the current price. In 2024, the price can reach up to $7.09, up to $7.33 in 2025, and up to $6.69 in 2026.
Pricepredictions.net
Priceprediction.net has estimated the five-year plan for LooksRare and predicted that the coin could easily reach the $24.28 mark till then. They expect LOOKS price to reach a maximum level of $6.58 by the end of 2022, while the average price of LooksRare (LOOKS) may go to $5.61 by the end of this year. LOOKS price may even touch a maximum possible price of $27.91 with an average forecast price of $24.28. LooksRare has an excellent capability to reach new heights of value. Special experts and business analysts say that LooksRare can hit the highest price of $186.29 by the year 2030.
Coincodex
According to their technical analysis, the current LooksRare trends are bullish. Their technical indicators show that it is a good investment for 2022.
How to Buy LooksRare (LOOKS)?
A step-by-step guide of ways to buy LOOKS (as available on its official website, too) is given below.
Step 1: Download Trust Wallet
If you want to buy LOOKS, first you have to download a Trust Wallet from the App Store, in case you are using iOS, or head over to Google Play Store and search for Trust Wallet with a shield logo. Download this wallet.
Step 2: Deposit ETH to your Trust Wallet
Now you have to deposit ETH into your Trust Wallet. If you do not have any ETH, first buy them from an exchange such as Binance. After that, send your ETH to your wallet address available on the Trust Wallet app. Press the receive button to copy your ERC20 address, starting with “0x manually”.
Step 3: Swap ETH with LOOKS
Visit UniSwap and swap your ETH with LOOKS. Copy the contract address and paste it into the search bar on UniSwap. After that, use the ‘Wallet Connect’ button to connect Trust Wallet with UniSwap. Set a slippage fee of 15%.
Step 4: Check Your Wallet.
Head back to your Trust Wallet and click the icon in the top right corner, type in “LooksRare” and select ‘Add Custom Token.’ After that, insert “LooksRare,” write LooksRare for name, select $LR for symbol, and choose 9 Decimals. You will be a holder of LooksRare crypto.
Frequently Asked Questions (FAQ)
Is LooksRare legit or a scam?
LooksRare is a legit cryptocurrency. It has strong fundamentals, has not made any exceptional commitments about its future progress, and is still developing.
Can LooksRare hit $10?
Yes, LooksRare is most likely to reach a price of $10 in two to three years if it continues to surpass its milestones with the same speed as now.
Where can you buy LooksRare?
This crypto coin is available on Uniswap v2, Huobi Global, Gate.io, Hotbit, etc.
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Takeaways
- LooksRare is a non-fungible token (NFT) marketplace.
- Developers have an aim to catalog all NFT collections on the Ethereum blockchain.
- The marketplace is still under development but will change quite a lot in the future.
- By the end of 2022, the price of around $6 or the lowest level of $5.7, with an average price of around $5.9.
- The price of LOOKS is predicted to increase.
- LooksRare can surpass $10 in the coming years.
- LOOKS could go close to $200 in the next five years.
- This crypto coin is available for buying on Uniswap v2, Huobi Global, Gate.io, Hotbit, etc.
- Overall, LOOKS could be a good investment.