Blur: a Marketplace for Traders!!!👨🏻💻Blur is one of the 👀eye-catching👀 cryptocurrencies that has caught a lot of attention lately, so at first better to take a look at how it goes fundamentally.
Blur Fundamental Analysis:
The recent BLUR token airdrop has given the overall NFT space a fresh breath.
Until now, all NFT marketplaces like OpenSea and Foundation have focused on NFT collectors and not the NFT traders.
Blur is the first NFT marketplace to focus mainly on traders instead of collectors, providing traders with more data and tools for a better user experience when trading NFTs.
The team also released a token called BLUR, and all early users of the platform who traded NFTs on Blur were eligible for the token airdrop, which caused massive hype in the NFT ecosystem.
The BLUR token is the governance token for the platform, meaning that holders of the token have a say in platform decisions, such as fee structures and platform upgrades.
In addition, BLUR can be staked to earn rewards in the form of other tokens or NFTs. This incentivizes users to hold onto their BLUR tokens, potentially creating upward pressure on the price.
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Blur Technical Analysis:
Blur was launched in the Coinbase exchange on February 14th, 2023. Since then, it's started to form its corrective move.
Blur was moving in a descending channel while forming a zigzag correction about three weeks ago and it could break the descending channel to the up.
I expect that Blur faces a pullback to the descending channel or the Fibonacci shown in the chart and then rises.
This growth is estimated to be 50%-60% and continues to the 🔴resistance zone($0.895-$0.82)🔴 ahead.
Blur Analyze ( BLURUSD ), 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
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