$BLUR Experiences Notable Surge of 50%+ in the Past 7 Days

In the last 7 days, the NFT community has been abuzz as $BLUR witnessed a strong climb up 50%.

In the last 7 days, the NFT community has been abuzz as $BLUR witnessed a strong climb up 50%.

Nattynatman

Posted on Nov 6, 2023

About BLUR

BLUR has secured a unique position within the NFT space as a secondary NFT marketplace. Its funding from VC Paradigm and vision as a competitor to Opensea highlights the platform's drive for innovation. Distinguishing itself from others in the marketplace, $BLUR offers an optimized UX/UI for trading, and provides optional royalty features.

Unpacking the Pump

The price increase can be attributed to several factors. Amongst these are the profits from BTC/ETH flowing down to large-cap altcoins, ever since the general crypto market sentiment shifted to somewhat bullish.

Adding momentum to the $BLUR surge is the broader trend in the NFT space, which can be traced down to the recent episode of “The Simpson’s”, prominently featuring NFTs.

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As data shows from Nansen, we can see how NFT volume has been steadily climbing over the past few weeks, with BLUR accounting for nearly 5 times the volume compared to other marketplaces like Opensea. Fundamentally, this adds some credibility to the $BLUR pump.

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To top it off, BLUR has been running their Season 2 airdrop since last month on the 10th of October. It’s set to airdrop 300M+ $BLUR tokens on the 20th of November, based on specific user activity criteria.

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While these factors have undoubtedly contributed to the recent bullish movement of $BLUR, it's crucial to approach this surge with caution. The crypto markets are highly volatile, and any of the variables mentioned can suddenly shift market dynamics.

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Author

Nattynatman

@nattynatman

Pluid's Content Lead

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