Blur

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The Blur (<a href="https://crypto.news/price/blur/">BLUR</a>) token price gained bullish momentum for the first time in over four months as the marketplace saw a notable surge in non-fungible token (NFT) sales. 
Blur is up by 30% in the past 24 hours and is trading at $0.39 at the time of writing, reaching a four-month high. The asset’s market cap is currently at $414 million, last seen in late July. BLUR’s 24-hour trading volume also skyrocketed by 400%, surpassing the $460 million mark. 
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 <img decoding="async" loading="lazy" width="1024" height="347" src="https://crypto.news/app/uploads/2023/11/Blur-BLUR-12.37.49-07-Nov-2023-1024x347.png" alt="Blur token skyrockets as NFT sales surpass the $10m mark - 24" class="wp-image-14212820">
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 BLUR price, whale activity, social volume, and open interest – Nov. 7 | Source: <a href="https://app.santiment.net/charts/Gcp-bh-8__sCl" target="_blank" rel="noopener">Santiment</a>
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According to data provided by the market intelligence platform Santiment, whale transactions consisting of at least $100,000 worth of BLUR surged by 248% over the past day — rising from only 19 transactions to 66 in 24 hours. 
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Moreover, data provided by Santiment shows that Blur’s social volume witnessed an 80% surge.&nbsp; 
It’s important to note that, per Santiment, the BLUR price-daily active addresses (DAA) convergence is currently at 24%. In simple terms, when the price DAA divergence indicator stays positive, the model triggers a “buy” signal. 
The bullish expectations surface while the total open interest (OI) in BLUR reaches $295 million. However, the platform does not separately indicate the amounts of short and long positions.&nbsp; 
<h2 class="wp-block-heading" id="nft-sales-surge">NFT sales surge</h2> 
The BLUR token price surge comes as the NFT ecosystem gained a 45% momentum over the past day. The total <a href="https://crypto.news/nft-market-witnesses-lowest-transaction-volume-in-two-years/">NFT sales</a> volume surpassed the $18 million mark, according to <a href="https://dappradar.com/rankings/nft/marketplaces" target="_blank" rel="noopener">data</a> provided by DappRadar. 
Per the data aggregator, most of the NFT sales, $10.65 million, come from the Blur marketplace, while its competitor, OpenSea, only saw a $2.83 million trading volume over the past day.&nbsp; 
The number of sales on Blur has reached around 7,530 unique trades, with a total number of about 4,470 traders, according to DappRadar.&nbsp; 
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Blur token skyrockets as NFT sales surpass the $10m mark

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