Is it an application chain or a new staking trap? ---- BLUR
Such as RST protocol, BTC Layer-2, BLAST, etc., more and more activities of staking to obtain points are appearing in the market. However, after participants obtain the airdrop, they will find that the value brought by the airdrop is often difficult to cover the depreciation of the token during the lock-up period. From a protocol perspective, we believe that staking with application scenarios such as EigenLayer are meaningful. But staking for airdrop points is just locked farming.
Recently, BLAST conducted a TGE and airdropped tokens. Compared with BLAST, DYDX, which also upgraded the protocol to an application chain, did not introduce new tokens and did not lay out airdrop traps. The upgrade is just for a better user experience. After BLAST promoted interest-earning assets in the early stage, it almost focused on the airdrop expectations brought by the staking, which is the same as many BTC Layer-2.
So, money comes, money leaves. When BLAST conducted a TGE on June 26, a large amount of unlocked BLUR turned into selling pressure. Of course, maybe BLAST Pro is on the way, and you only need to stake BLAST to get new points.
Back to our indicators. We can see that the TSB indicator performs almost perfectly on BLUR. Take away both the rising and the falling gains. BLUR is still in a bearish trend at the moment and has seen a clear decline with heavy trading volume after the TGE, which will act as short-term resistance.
Introduction to indicators:
Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated.
KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
Recently, BLAST conducted a TGE and airdropped tokens. Compared with BLAST, DYDX, which also upgraded the protocol to an application chain, did not introduce new tokens and did not lay out airdrop traps. The upgrade is just for a better user experience. After BLAST promoted interest-earning assets in the early stage, it almost focused on the airdrop expectations brought by the staking, which is the same as many BTC Layer-2.
So, money comes, money leaves. When BLAST conducted a TGE on June 26, a large amount of unlocked BLUR turned into selling pressure. Of course, maybe BLAST Pro is on the way, and you only need to stake BLAST to get new points.
Back to our indicators. We can see that the TSB indicator performs almost perfectly on BLUR. Take away both the rising and the falling gains. BLUR is still in a bearish trend at the moment and has seen a clear decline with heavy trading volume after the TGE, which will act as short-term resistance.
Introduction to indicators:
Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated.
KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
Disclaimer
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