Token Analysis-BULR,
In fact, this token is also a hot topic recently. I may not need to say more, but many fans still ask how much this token can get and whether it will be valuable in the future. So I will write a special article about BLUR.
BLUR is one of the leaders of NFT, and the previous APE was the leader. Because the NFT market has been severely suppressed in the past two years, the price of APE has shrunk severely. The same goes for BLUR.
As an NFT trading platform, BLUR was able to surpass Opensea in a short period of time because the platform reduced a large number of transaction fees and at the same time released the largest airdrop in history to global traders in the early stage. Moreover, when the project was launched, it was not based on Pursuing profit is the purpose. Although the success of this project involves a lot of luck, the entire project from its creation to its launch surpassed the established NFT trading platform Opensae in a short period of time, which can be said to be legendary.
The influx of a large number of users and frequent transaction volume made BULR popular in a short time. At the same time, it launched its own token BLUR. The token became a hit as soon as it appeared. However, due to too many airdrops and too much selling pressure, the token fell all the way after its launch. In addition, the market entered a deep bear, and the NFT market suffered a greater The heavy suppression caused the currency price to fall all the way down to around 0.15. But although the tokens have reached the bottom, the value of the project is truly recognized.
This wave of token rises is partly due to the hype surrounding Bitcoin, which has heated up the entire market. Secondly, BLUR has been falling all the way in the short term and has reached the position of oversold rebound. Secondly and most importantly, this recent round of rise is because its project boss once again released its new L2 liquidity staking project - Blast.
Blast claims to be the only original Ethereum L2 project that supports Ethereum and stablecoins. It improves the income of users and developers through a different approach from previous Ethereum pledge income projects.
To put it simply, users can pledge Ethereum to Blast, and at the same time, the income will be directly fed back to the user and DAPP, and the pledged ETF will be directly transferred to LiDo. The same is true for stablecoins. If you exchange stablecoins for DAI pledge, funds can directly flow into MKRDAO's treasury to generate income. At the same time, by pledging the original income, you can also obtain BLAST's ecological income and maximize the income.At the same time, the entire pledge process can form a form of continuous compound interest.
Once the L2 project was launched, TVL on Blast reached a terrifying US$230 million within 48 hours. This is just the beginning.
Because of the success of BLUR, people have greater confidence in Blast, a derivative project of the project, which has also caused BLUR to rise again.
For the current currency price, after the price ratio breaks through and stabilizes the pressure range of 0.52, where chips are concentrated, the pressure from above becomes much less. The current upper pressure range is only around 0.77, and we will look at the pressure point after it may break $1 in the evening.
The most important point is that someone has commented before that the reason why BLUR tokens fell so fast is not that the value of BLUR tokens is insufficient, but that its ecology has not been fully expanded. At present, if Blast continues to be stable and successful and achieves a major breakthrough in the short term, the next step will be the ecological integration of BLUR and Blast.
Judging from the development situation of these two projects, the Blur token still has good holding value in the long term.
For this round of rise, friends who hold positions can continue to look at the pressure point test near 0.77 above. At the same time, friends who have not yet opened a position can choose to open a position based on the recent support near 0.55 given by the Fibonacci retracement level. A callback can Cover positions.
One more thing, the current Bitcoin price has once again broken through the previous high, but don’t blindly chase the bulls. If the core position is stable near 38,500, it is better to go long.
