$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
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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.
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.
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.
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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