Blur token skyrockets as NFT sales surpass the $10m mark
The Blur (BLUR) token price gained bullish momentum for the first time in over four months as the marketplace saw a notable surge in non-fungible token (NFT) sales. Blur is up by 30% in the past 24 hours and is trading at $0.39 at the time of writing, reaching a four-month high. The asset’s market cap is currently at $414 million, last seen in late July. BLUR’s 24-hour trading volume also skyrocketed by 400%, surpassing the $460 million mark.
According to data provided by the market intelligence platform Santiment, whale transactions consisting of at least $100,000 worth of BLUR surged by 248% over the past day — rising from only 19 transactions to 66 in 24 hours. Moreover, data provided by Santiment shows that Blur’s social volume witnessed an 80% surge. It’s important to note that, per Santiment, the BLUR price-daily active addresses (DAA) convergence is currently at 24%. In simple terms, when the price DAA divergence indicator stays positive, the model triggers a “buy” signal.The bullish expectations surface while the total open interest (OI) in BLUR reaches $295 million. However, the platform does not separately indicate the amounts of short and long positions.
Source
@Metaverse_Defi_Nfts_Trading
