In the midst of a bullish cryptocurrency market, Blur, an NFT marketplace and aggregator built on the Ethereum mainnet, has captured the attention of buyers. It emerged as one of the top gainers of the day, boasting a notable 27% increase.
A surge in market value occurred when Upbit, the leading exchange in South Korea, unveiled plans to introduce a fresh trading pair that includes BLUR, a notable digital asset, along with the Korean fiat currency, KRW.
As stated by Upbit, users will have the exclusive opportunity to deposit BLUR on the Ethereum Network. Upbit further mentions that there may be audits conducted on a certain amount of deposits, which involve analyzing the flow of funds.
BLUR Price: Riding the Upward Momentum Wave?
Within a few hours on Tuesday, the price of BLUR experienced a swift surge, surpassing the 20-day simple moving average on the daily price chart. At present, the BLUR cryptocurrency is trading at $0.4094, showcasing an overnight gain of 27%. It is worth noting that the 50-SMA is currently acting as immediate resistance.
Interestingly, the inflow of buyers is remarkable as trading volume skyrockets by over 1000% in 24 hours, moving over the $100 million mark, according to the CoinMarketCap data. Due to recent developments, BLUR crypto has successfully secured a position among the top 100 cryptocurrencies.
Data from DappRadar reveals a notable increase in trading volume on the BLUR NFT marketplace, surging by 71% overnight to reach $21.9 million. Additionally, the number of traders has grown by 18.14%, surpassing 3,927 unique trades.
The return of bullish sentiment is evident as BLUR’s price surpassed the resistance trendline. Furthermore, the emerging RSI indicator indicates promising potential for further growth in BLUR’s value.
Also read: Record-Breaking Rise: Bitcoin Cash (BCH) Hits 1-Year High
