As previously predicted by analysts, one of the NFT trends in 2023 is the emergence of new leaders in the market. Already, you can see how NFT marketplace Blur is closing in on the heels of such old-timers as OpenSea. The competition only intensified in mid-February, when Blur launched its native token of the same name. Now the price of coins is about $1, but it has every chance to skyrocket much higher.
Blur launched its marketplace in October 2022 and promised token rewards for traders, and provided users with “care packages,” which represent the upcoming distribution of tokens. Finally, on Valentine’s Day, these users were able to receive their Ethereum-based BLUR tokens.
After the BLUR token began listing on the OKX exchange, its price peaked at $8.36. Some OKX users reported that there was a delay in receiving BLUR on February 14 due to a large volume of deposits. According to OKX, there was a huge BLUR in the upload stream after the transaction began, which caused this problem. Therefore, the exchange promised compensation to affected users in the ratio of 500 (BLUR):1 (OKB). The maximum compensation per user is 500 OKB.
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At the time of writing, BLUR’s price is about $1, with a market capitalization of $389 million (+38.45% per day). The daily trading volume is approaching $1 billion as of February 16. There are 360 million coins in circulation out of a total of 3 billion possible.
As part of the February 14 airdrop, 360 million BLUR were available, of which 328,520,982 have already been claimed (91.26%). There are 57 more days to receive the tokens.
Interestingly, potential diamond hands (receiving and not selling) have already been spotted. These are investors who refrain from selling an investment despite downturns or losses. This means they may be waiting for significant token growth in the future and targeting HODLing.
Blur’s tokens can be purchased or exchanged on major exchanges such as KuCoin, Coinbase, Kraken, Uniswap (V3), SushiSwap, OKX, Bybit, Huobi, and Gate.io.
Growing trading volumes, interest from prominent investors, a possible listing on Binance, and ambitious plans signal the potential growth of BLUR tokens. However, the cryptocurrency market is very volatile, and the situation can turn 180 degrees at any moment.
In addition, another NFT marketplace is gaining popularity and can significantly compete not only with Blur but also with OpenSea.
LooksRare has also attracted attention to its token LOOKS. But as of February 16, the price of LOOKS was down to $0.28. And on launch day, January 20, 2022, it was $7.07.
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