LooksRare is looking to steal some market share from OpenSea by incentivizing users — but not everyone can claim its token airdrop.
The wider cryptocurrency market looks to be in trouble after another day of selling, which has pushed its total capitalization down 2% over the past 24 hours. Sellers are currently threatening to push the price of BTC down even further, which would decrease the entire market’s valuation substantially.
NFT Snapshot: LooksRare vampire attacks OpenSea
Community-oriented nonfungible token marketplace LooksRare has commenced something of a vampire attack on leading NFT platform OpenSea, with the former allowing eligible users who list an NFT for sale on the new platform to claim tokens — which may be staked in return for trading fees.
However, users who interface with MetaMask through Trezor hardware wallets are currently unable to claim tokens — something the team at LooksRare has identified. Trezor claims its Model T units should not experience any issues, though the writer of this article has so far been unable to claim tokens using a Model T.
Top altcoin gainers and losers: NEAR wins while FTM takes hit
- SOC/USDT +12.32%
- ITC/USDT +10.76%
- ABT/USDT +8.32%
- STARL/USDT -16.94%
- YEE/USDT -18.44%
- DOSE/USDT -20.66%
Near Protocol’s NEAR is the top-performing large-cap altcoin on OKEx today, per the exchange’s default time settings. Conversely, FTM and SAND are the most notable major altcoins taking heavier losses after dropping by more than 8%.
BTC technical analysis: Threatening to collapse
The price of BTC dipped below 40,000 USDT before wicking back up above the big-even number. If the leading cryptocurrency loses that level, more downside is almost certainly in store. Order book data across varying exchanges show diminished support from buyers — so BTCUSDT certainly appears more bearish than bullish.
ETH technical analysis: Still losing to BTC
ETH doesn’t appear to have many friends when it comes to outperforming BTC. The second-ranked cryptocurrency is losing more value against BTC as the four-hour ribbon of exponential moving averages continues to provide resistance — though, lately, ETHBTC has been selling off before even reaching the ribbon.
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Source: https://www.okex.com/academy/en/sellers-continue-to-overpower-crypto-market-amid-opensea-vampire-attack-crypto-market-daily/