According to soso value, looksrare (looks) has dropped 27% in the last 24 hours, now at $0.04165, while the market cap is $77,255,648 and the 24-hour trading volume is $447,652.


in my opinion, the drop can be attributed to a few factors:
- the price is heavily manipulated, and the sudden increase of 27% might have caused many to panic.
- the nft market is currently slow, with a large sell-off from all major collections.
- there don't appear to be any major partnerships correlating with this drop.


i think the price will rebound and either stabilize back to $0.056 or even reverse to test the $0.032 level, if not lower.


**what do you think?**


**note:** i am not a financial advisor, and this is not financial guidance. just a personal opinion from observing the trends of daily fluctuations. *cheers, everyone!*