Blur

Arbitrum

Token

In the past 24 hours, Blur (BLUR), the native token of Blur’s NFT exchange, has seen a monumental surge in trading volume of 1,240% following its recent listing on the South Korean exchange, Upbit​​. 
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 <img decoding="async" class="wp-image-22311 size-full" src="https://crypto.ro/en/wp-content/uploads/2023/06/Market-Cap-BLUR-token-.jpg" alt="Market Cap BLUR token" width="1858" height="792" srcset="https://crypto.ro/en/wp-content/uploads/2023/06/Market-Cap-BLUR-token-.jpg 1200w, https://crypto.ro/en/wp-content/uploads/2023/06/Market-Cap-BLUR-token--300x128.jpg 300w, https://crypto.ro/en/wp-content/uploads/2023/06/Market-Cap-BLUR-token--1024x436.jpg 1024w, https://crypto.ro/en/wp-content/uploads/2023/06/Market-Cap-BLUR-token--768x327.jpg 768w, https://crypto.ro/en/wp-content/uploads/2023/06/Market-Cap-BLUR-token--750x320.jpg 750w, https://crypto.ro/en/wp-content/uploads/2023/06/Market-Cap-BLUR-token--1140x486.jpg 1140w" sizes="(max-width: 1858px) 100vw, 1858px" title="Blur token records 1,240% surge in trading volume and 22% price increase within 24 hours 1">
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 Market Cap BLUR Token Chart | CoinMarketCap
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This surge in volume, representing a shift in market sentiment, has been accompanied by a 22% rise in <a href="https://crypto.ro/en/cryptocurrencies/blur/">Blur</a>‘s value, signaling the investor interest in this altcoin​. 
Industry experts posit that this surge represents a broader shift in capital from larger assets such as <a href="https://crypto.ro/en/bitcoin/">Bitcoin</a> (BTC) and <a href="https://crypto.ro/en/cryptocurrencies/ethereum/">Ether</a> (ETH) to more speculative tokens like Blur and <a href="https://crypto.ro/en/cryptocurrencies/arbitrum">Arbitrum</a> (ARB)​. 
This shift aligns with an overall increase in trading volume across a variety of altcoins, signifying a rising interest in the altcoin market​​. 
This sudden uptick in Blur’s trading volume could be attributed to several factors. 
One significant driver was Blur’s recent listing on the South Korean <a href="https://crypto.ro/en/exchange/upbit">exchange Upbit</a>, which resulted in a substantial surge in the trading volume for Blur. Specifically, an impressive 1,240% increase was reported within just 24 hours of the listing, accompanied by a price rise of 22% during the same period​. 
Despite <a href="https://blur.io/" rel="nofollow noopener" target="_blank">Blur</a>‘s ranking as the 118th in terms of market capitalization, its trading volume now stands as the 44th largest in the global crypto market, underscoring the surge’s magnitude​. 
Further bolstering Blur’s trading volume has been its recent integration with the <a href="https://crypto.ro/en/exchange/okex">OKX NFT Marketplace</a>. This integration enabled real-time best price offers, a time buffer for recent trades, a personalized order summary across markets, and the batch acceptance of Blur collection bids. 
Significantly, this development made OKX the first NFT platform to support cross-market batch acceptance of Blur collection bids, thereby enhancing the trading experience for its users​​. 
Also, Blur is a part of one of the leading non-fungible token (NFT) platforms running on the Solana blockchain. NFTs have been at the forefront of blockchain innovation, and platforms like the one Blur is part of, known for their advanced features and functionalities, are gaining momentum. 
Blur, in particular, has positioned itself as a premier destination for NFT collectors in the burgeoning Web3.0 space, thereby driving up its trading volume. 
Further, Blur’s role as a governance token has broadened its utility and amplified demand. Governance tokens are instrumental in <a href="https://crypto.ro/en/defi/">decentralized finance</a> (DeFi) protocols, where they allow holders to vote on changes to the protocol rules. This characteristic of Blur has made it more than just a digital currency, increasing its attractiveness to investors and users who seek to participate actively in the protocol’s decision-making processes. 
These combined factors have contributed to the sudden increase in Blur’s trading volume, underlining the growing interest and activity in the altcoin market.

Blur token records 1,240% surge in trading volume and 22% price increase within 24 hours

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