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BLUR Price Analysis: Bullish Investors Are Ready to Jump

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BLUR Price Analysis: Bullish Investors Are Ready to Jump
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Blur crypto offers a decentralized NFT marketplace that caters to professional traders. It provides exclusive features, creator royalties, and a favorable fee structure. BLUR is an Ethereum-based token and serves as the native token for the NFT marketplace. At press time BLUR token (BLUR/USDT) is in the headlines due to its uptrend.

Blur NFT Marketplace has experienced remarkable growth and has become a top preference in the NFT industry. It has a user-friendly interface, minimal fees, and better liquidity for NFTs, making it an ideal platform for professional NFT traders. The team behind Blur has worked hard to make the platform a success. 

As a way of appreciating its users, Blur offers “blur rewards” to traders who sell NFTs. The rewards are distributed through airdrops, with the first airdrop targeted at those who traded NFTs in the previous six months. 

The rewards were distributed according to the trade value, with various tiers of rare care packages. The second airdrop required users to list at least one NFT on Blur by November 2, 2022, to be eligible for extra rewards from the platform. BLUR plays a significant role in enabling NFT sales and transactions on the platform. The tokenomics of BLUR token ensures an equitable distribution of tokens. 

Tokennomics and Distribution of Blur Crypto

There are more than 1 Billion BLUR tokens, which is one-third of the total token supply, assigned to the community treasury. These tokens can be used by NFT traders, historical users of Blur, and creators. BLUR token ownership allows traders to participate in the Blur marketplace governance and benefit from its success via collective ownership.

39% of the BLUR supply will be distributed by the community treasury for contributor grants, community initiatives, and incentive programs. 10% of this supply will be reserved for future releases of incentives. BLUR tokens are expected to be accessible within a time frame of 4 to 5 years.

The integration of Blur Wallet enables users to manage their BLUR assets on platforms like Atomic Wallet, making transactions and swaps more manageable. Blur Wallet is compatible not only with Atomic Wallet but also with MyEtherWallet and other ERC20 wallets.

Linking Blur Wallet with platforms such as Atomic Wallet offers several benefits, including a wide range of cryptocurrencies, a decentralized platform, reliable data aggregation, and seamless integration with decentralized applications. 

However, integrating Blur Wallet could pose potential challenges and issues, such as the risk of wallet compromise and loss of funds during transaction approval, and on-chain interactions with third-party applications.

Technical Analysis and BLUR token Price Prediction

BLUR Price Analysis: Bullish Investors Are Ready to Jump
BLUR/USDT chart by TradingView (Daily time frame)

The price of the BLUR token was $0.4631, as of the time of writing. The token has been following a sideways trend since November. However, looking at the daily time frame, the BLUR token is indicating an uptrend, with strong support at $0.4297 and $0.3260, and resistance at $0.5821 and $0.6880. The suggested target price for BLUR token is $0.5890.

Conclusion

BLUR crypto is a decentralized NFT marketplace for professional traders. It has exclusive features, creator royalties, and a favorable fee structure. BLUR is an Ethereum-based token and the target price for it is $0.5890 based on current support levels.

Technical Levels

  • Support Levels: $0.4297 and $0.3260
  • Resistance Levels: $0.5821 and $0.6880
Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading in stocks, cryptos or related indexes comes with a risk of financial loss.

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