Blur is a cryptocurrency majorly influenced by the
NFT marketplace. However, Blur's price has been under pressure, with tokens
dipping significantly, partly due to large transfers to major exchanges like
Coinbase Prime and
Binance. Some believe whales, large investors, are to blame for these price swings. This, coupled with scam incidents like the $240,000 theft on Blur's marketplace, contribute to the Bearish price pressure. However,
Buyers still seem interested.
Magic Eden, a competitor, surpassed Blur as the leading NFT marketplace in trading volume for a moment, however, Blur managed to maintain its lead, clocking $1.5 Billion in Q1 volume. Accumulation by
crypto whales lead to a surge in BLUR token prices though there were massive
unlocks. Amid the uncertainties, many predict Blur could attain a $1 target, following Binance listing announcements that sparked a 30% increase. Blur's NFT marketplace had its ups and downs, but it's also making headways with users claiming $11M token rewards and maintaining a stable price despite a pull of over $1.4 billion in assets after the
mainnet launch. Some investors are even ditching Ethereum for Blur. However, others are being cautious following reports of Blur tokens being dumped by whale investors. The community seems divided, with skeptics associating Blur with possible Ponzi schemes and security concerns, and optimists predicting high potential return on investments.
BLUR Coin News Analytics from Wed, 02 Nov 2022 07:00:00 GMT to Wed, 28 Aug 2024 15:10:00 GMT -
Rating -3
- Innovation 4
- Information 5
- Rumor -2
