Blur

Read

The native token of Blur non-fungible token (<a href="https://crypto.news/nft-market-witnesses-lowest-transaction-volume-in-two-years/">NFT</a>) marketplace, <a href="https://crypto.news/price/blur/">BLUR</a>, has emerged as the top gainer among the top 100 cryptocurrencies. 
BLUR is up by 20% in the past 24 hours and is trading at $0.494 at the time of writing. The asset’s market cap currently stands at over $542 million, making it the 84th largest cryptocurrency.&nbsp; 
<figure class="wp-block-image size-large">
 <img decoding="async" loading="lazy" width="1024" height="347" src="https://crypto.news/app/uploads/2023/11/Blur-BLUR-13.02.29-23-Nov-2023-1024x347.png" alt="Blur token surges 20% in 24-hour trading, buy signal surfaces - 34" class="wp-image-14219357">
 <figcaption class="wp-element-caption">
 BLUR price, whale activity, social volume and open interest – Nov. 23 | Source: <a href="https://app.santiment.net/charts/U2yyQglO__sCl" target="_blank" rel="noopener">Santiment</a>
 </figcaption>
</figure> 
Data shows that BLUR’s 24-hour trading volume witnessed a 95% surge, reaching $852.7 million.&nbsp; 
According to data provided by Santiment, Blur’s social volume skyrocketed by 2,250% over the past three days — the token’s social activity registered a 20% in the past 24 hours alone. 
 You might also like: <a href="https://crypto.news/sec-commissioner-on-spot-bitcoin-etfs-no-reason-to-block/"> SEC Commissioner on spot Bitcoin ETFs: “No reason to block” </a> 
However, Santiment data shows that whale transactions consisting of at least $100,000 worth of BLUR declined by 66% in the past two days — falling from 467 trades on Nov. 21 to 158 unique transactions at the time of writing. 
Per Santiment, Blur’s total open interest (OI) also registered a slight decline from around $312 million to $295 million over the past day.&nbsp; 
Despite the decline in BLUR’s total OI, according to Santiment, the asset’s price-daily active addresses (DAA) divergence shows a buy signal. Blur’s price DAA divergence currently stands at 332%, suggesting the accumulation of small investors that could push the price further. 
Data <a href="https://dappradar.com/rankings/nft/marketplaces" target="_blank" rel="noopener">provided</a> by DappRadar shows that the NFT trading volume on Blur has witnessed an 8.29% rise in the past 24 hours, reaching $9.5 million with a total of around 3,830 unique traders.&nbsp; 
According to a crypto.news report on Nov. 22, Blur founder Tieshun Roquerre hinted at building a new layer-2 blockchain for NFTs that would be more cost-effective. Roquerre, also known as “Pacman” on X (formerly Twitter), stated that he <a href="https://crypto.news/blur-jumps-12-as-blur-founder-raises-20m-for-new-l2-network/">raised roughly $40 million</a> to develop the Blur ecosystem. 
 Read more: <a href="https://crypto.news/doj-urges-judge-to-require-binances-zhao-to-stay-in-the-u-s-before-sentencing/"> DoJ urges judge to require Binance’s Zhao to stay in the U.S. before sentencing </a>

Blur token surges 20% in 24-hour trading, buy signal surfaces

crypto.news

Other articles published on Nov 23, 2023

25K delegates descend on SiGMA Europe 2023

Humane Unveils Groundbreaking AI Pin Redefining Wearable Technology

Initiating the Update on Algorithmic WeRent App V2!

BNB Price Crash To $5 Unlikely Despite Binance Critic’s Dire Predictions

U.S. Prosecutors Urge Binance CEO to Stay in Country Pending Sentencing!

Assessing Chainlink's state as it squares up against bears

Join our free newsletter for daily crypto updates!