Demand for NFTs is increasing: Blur (BLUR) is at the top!

2024-02-19 02:30:00

Blur (BLUR), the NFT marketplace token that gained value as NFTs came to the fore, set its sights on the top!

While Bitcoin (BTC) is in the $ 52,500 band, the rise of Ether (ETH), which is based on $ 3,000, increased the interest in NFTs. Blur, one of the popular NFT marketplaces, attracted attention with its volume increase in recent days. BLUR, the platform’s token, increased by nearly 15 percent in just 24 hours and ranked third in the “Top Rising” list.

So, will the rising demand for NFTs continue to push the BLUR price to higher levels?

## Sailed to new heights!

BLUR, which reached $0.78 on the first day of its listing, achieved a new ATH with its latest move. In general, BLUR, which gained value due to the positive pricing of cryptocurrencies and the inflow of money into NFTs, left behind $ 0.80. Currently trading at $0.8149, BLUR can target $0.8603 – 0.9633 – 1.1299 – 1.2965 and $1.4631 respectively, according to the Fibonacci indicator.

If there is no hot money inflow to NFTs and demand decreases, BTC falls below $ 50,000 or different NFT-based tokens come to the fore, there may be a decrease in BLUR. In such a scenario, 0.6553 – 0.5677 – 0.4920 – 0.4730 and 0.3877 dollar levels can be tested respectively. For the short/medium term price structure, the range of $0.4920 – $0.4730 will be decisive in this process.

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