The Rise of BLUR on Binance
The popular cryptocurrency exchange, Binance, has announced its listing of the Blur (BLUR) cryptocurrency token. This news has led to a 22% increase in BLUR’s price as it became available on Binance’s convert tool. The convert function allows customers to buy and sell assets without using a conventional order book, targeting Binance’s retail clientele.
This listing comes at a time when Binance is facing scrutiny from the US government, which has caused turmoil for the exchange. However, BLUR has benefited from this situation, experiencing an 80% surge in just one week and currently trading at $0.509. BLUR’s price increase also indicates a potential rise with the formation of a bullish cup-and-handle pattern.
Rebounding from Record Lows
In addition to the listing on Binance, BLUR has seen renewed interest due to its involvement in the non-fungible token (NFT) arena and reports of large cryptocurrency players buying the coin. The value of BLUR has significantly increased since its listing on Binance, leading to speculation in the cryptocurrency markets.
BLUR has also collaborated with layer-2 solution Blast, which has contributed to an increase in token price and aided in season 3 airdrop allocations. These strategic actions have positioned BLUR as one of the top NFT lending protocols in the industry.
Hot Take: BLUR’s Promising Future
With its recent listing on Binance and collaborations with Blast, BLUR shows promise for future growth and success in the cryptocurrency market. Its ability to capitalize on market conditions and attract attention from both retail and institutional investors bodes well for its momentum.
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