If you have been shorting $ME and holding, I think you should cut if possible.
Why?
1. Magiceden, while not holding a large market share of NFTs on $ETH, has raised significant rounds of funding.
2. Me is not just an ordinary NFT marketplace; they diversify their revenue streams through the waves of BTC, SOL, and MATIC, resulting in enormous revenue.
3. Besides being a marketplace, Me is also developing a wallet and is currently attracting a lot of users.
From all the above points, I can see that their resources could easily push my market to around 2 billion, even though it's quite speculative.
Don't compare with $blur; Me is on a different level.