$BLUR
Recently, BLUR has rebounded above $0.2 again, now at $0.217, with a 24-hour increase of 10.09%.
In 2024, the non-fungible token market continued to be turbulent, with trading volume reaching $300 million in June, a far cry from the high of $867 million in January. This decline reflects the broader market trend, and NFT, as one of the more speculative assets in the crypto ecosystem, has felt the pressure.
Pacman, the founder of Blur, previously expressed his views on the current cryptocurrency market on social media. He believes that the current on-chain ecosystem is much better than the bear market in 2019. He pointed out that the bear market in 2019 was frustrating because there was no heat anyway, and cryptocurrencies had no users at the time. But now, we have DeFi, Perp DEXs, NFTs, stablecoins with income, and most importantly, there are still quite a lot of users on the chain, and they are very active (in terms of transaction volume and scale). Pacman also mentioned that while it is difficult to predict whether the price of the coin will rise or fall in the next few days or weeks, this field will continue to exist. New category leaders emerge in every cycle, and these new leaders are almost always established in a bear market, and Blur was also established in a bear market.
