Blur price speculation and discussion

jostorres

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Quote from: terciduk123 on March 09, 2023, 10:30:04 PM

Blur is not a bad project; it's just that its future depends a lot on the NFT trend. Blur will continue to grow as long as the NFT trend is still in demand, considering that it has a lot of good support and community. However, if the NFT trend starts to wane, Blur will find it challenging to attract interest and grow its market.
So far, it appears as though the NFT trend is beginning to wane and searching for fresh trends to support the upcoming bull market.

For now it was still hot because the presence of NFTs are still there but what about in the latter stages when the hype or the trend of NFTs have totally phased out? I NFT marketplaces such as Opensea and this Blur will just slowly collapsed.

For someone who are interested on Blur for now, they can still invest on it but only keep it for the short term. Bull market on the other hand can start on its own with or without a fresh/new trend but I think newer trends intentionally come out during the bull market as it might give them a good boost than if they start when the market is still in bear where people have a little energy in crypto stuffs.

terciduk123

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Blur is not a bad project; it's just that its future depends a lot on the NFT trend. Blur will continue to grow as long as the NFT trend is still in demand, considering that it has a lot of good support and community. However, if the NFT trend starts to wane, Blur will find it challenging to attract interest and grow its market.
So far, it appears as though the NFT trend is beginning to wane and searching for fresh trends to support the upcoming bull market.

o48o

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Quote from: hugeblack on March 08, 2023, 05:07:05 AM

Their estimates for the next year is a tenfold increase in the market capacity, which means an increase in the price to $4. Let us assume that we are very optimistic and the price will be $6, which is an ideal forecast, while the expectations of its work like Bitcoin now are 20 thousand and within 4 years it may be 100K, which means 5 double. So the ratio is 10 times to 12 times at best, compared to 4 times for Bitcoin as a measure that is not ideal.

In short, it is not the best investment, and the idea of the NFT is no longer as revolutionary as it was in the past, and therefore even promises of the highest are considered impossible.

Their? Is the team publicly doing predictions on the marketcap of their own token? There's so many things wrong in that. I most definitely am not touching this. I've seen this happen before and it never ends well.
Also i am not sure how legal that is. CEO is doxxed and there are "the expectation of profit" if team is really estimating future price.

hugeblack

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Quote from: el kaka22 on March 07, 2023, 02:28:54 PM

My calculation is this, if I invest into something, how much return would it give me, and what is the potential that it has? I could easily say that Blur was something people gave up, proven by the price it is right now, so it doesn't have that much potential in my eyes.

Their estimates for the next year is a tenfold increase in the market capacity, which means an increase in the price to $4. Let us assume that we are very optimistic and the price will be $6, which is an ideal forecast, while the expectations of its work like Bitcoin now are 20 thousand and within 4 years it may be 100K, which means 5 double. So the ratio is 10 times to 12 times at best, compared to 4 times for Bitcoin as a measure that is not ideal.

In short, it is not the best investment, and the idea of the NFT is no longer as revolutionary as it was in the past, and therefore even promises of the highest are considered impossible.

el kaka22

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Blur went down just way too much man. I would have understand if it was like 5-15 dollar range, that is a reasonable range and it would have been fine, but from 46 dollars to 0.8 cents? That's just way too much man, this is a project that went down 99%, how could I ever trust a project that went down 99% and got back up again? It would be pretty impossible for it to recover faster than others.

My calculation is this, if I invest into something, how much return would it give me, and what is the potential that it has? I could easily say that Blur was something people gave up, proven by the price it is right now, so it doesn't have that much potential in my eyes.

hugeblack

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Focus on the sustainability of development. If the platform is constantly developing, then your chance is to reach good profits, for example, if its price insists on two or four dollars, but the currency distribution does not indicate that.
Generally, try to experiment with a small amount for a while and then evaluate the development of the project while following the news related to it.

cryptoaddictchie

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Quote from: jacafbiz on March 03, 2023, 07:30:36 AM

The issue with Blur tokens, for now, is that the team is finding it difficult to find value for the tokens, people are just farming it and dumping it on the market, most tokens are facing this problem, releasing tokens and later looking for how the tokens can add value. I still believe that Blur tokens will increase in value with time, when the emission has reduced and when the unlock of VCs comes out they will need to pump these tokens before dumping them on the retailers.

Thats normal I guess. But I think blur is much better with open sea in terms of features and rewarding platform. Yes nft is a bit overrated right now. But once the market fully recovered from such down, and nft season once again takeover I think blur can up its sleeve for competition. I dont have blur airdrop or investment but seeing their neat platform and cool feature, theres no way this wouldnt do good like any other platform.

jacafbiz

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The issue with Blur tokens, for now, is that the team is finding it difficult to find value for the tokens, people are just farming it and dumping it on the market, most tokens are facing this problem, releasing tokens and later looking for how the tokens can add value. I still believe that Blur tokens will increase in value with time, when the emission has reduced and when the unlock of VCs comes out they will need to pump these tokens before dumping them on the retailers.

Ahli38

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in the bullish market, of course almost all altcoins that have good fundamentals will definitely have an increase following the movement of bitcoin. but some did return to ATH and some didn't. and I doubt the coin you mentioned will return to its ATH. but an upside is likely to occur in a bullish market later following the movement of BTC. and it seems that there must be hype about NFT to make this category of altcoins grow to the maximum. and I doubt the NFT hype will ever come back.

The altcoins that I believe will return to ATH are Matic, BNB, ETH and several AI altcoins which will continue to have increases as AI technology develops today. but for Blur I'm still unsure. but I haven't done a detailed analysis yet. maybe next time I will analyze it.

o48o

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Quote from: MAAManda on March 01, 2023, 11:32:26 PM

-cut-
In the near future (Q1 of next year), we will have a halving, because of that, it's better to hold $BTC for now. If you want to own altcoins, why don't you try the tokens in the AI category? right now those tokens are getting the hype.

Are they? I know people say they are but according to coinmarketcap, if we filter AI coins, most of them are down, and relatively to other sectors i don't see that much difference. And in top of that, when people realize that they are not getting what they imagined or that token or blockchain wasn't needed for the tech, they end up holding worthless crypto without volume or liqudity, and they wil bel harder to recover than meme coins.

Cuda911

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The market cap is high and the total supply is billion, the current value of the Blur token is way too overpriced, this project should go down to 0.11$ I believe this is the perfect value for the token, or else I won't be buying.

MAAManda

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Quote from: _act_ on March 01, 2023, 07:36:18 AM

I checked some information about the coins on sites that listed the coin and I later also found out that there are many airdrops of the coin which are distributed to the Blur marketplace users and more of that to come, being an airdrop token alone makes it not worthy. See when it was listed, most of the coin was sold and the price falled significantly as it was listed on many exchanges almost at once and people that were given the airdrop all sold at once, driving its price into the dept of an ocean.

Image Source: Blur

It would be very dangerous indeed if you continued to hold this token, I tried to trace the facts of what you said, and it turned out to be true. There are still airdrop distributions for their users, and indeed usually people who get this airdrop will immediately sell the tokens they get in bulk.

Quote from: _act_ on March 01, 2023, 07:36:18 AM

I prefer bitcoin, but just want to hold little altcoins too. I bought $37 worth of the coin at $0.804, I am now selling it immediately I post this, the coin do not look promising for me again.

In the near future (Q1 of next year), we will have a halving, because of that, it's better to hold $BTC for now. If you want to own altcoins, why don't you try the tokens in the AI category? right now those tokens are getting the hype.

blockman

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Quote from: _act_ on February 28, 2023, 03:55:29 AM

All-time-high: Almost $46

I've checked both coinmarketcap and coingecko to verify it's an all-time high. It just launched last February 15 and then that's the top of its price, $5. That's why it made me curious to look if the ATH was almost $46 just as said in the OP. But then, the chart doesn't look good as it's an obvious drop and dumped by most of its holders. The NFT sector is no longer that quite good and in the hype, unlike its glory days of it, just as a marketplace alone there could be value in it but taking it as an investment and holding it hoping for the pump on the next bull run, we don't know if it's a wise choice to make. The chart doesn't really good, it's like going to the pit hole unto its depths.

o48o

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Quote from: _act_ on March 01, 2023, 07:36:18 AM

-cut-
If you check the NFT marketplace, you will see how Blur marketplace is a rival of Opensea, even I read recently that the transactions on Blur surpasses that of Opensea recently.
-cut-

That doesn't surprise me as everyone wants a piece of the next airdrop. I have nothing against blur, and it would be good if someone actually challenged opensea as monopolies are never a good thing and competition makes everyone step up their game. Opensea even removed their fees (for a moment at least). I am guessing they have noticed that there could be a mass move happening to other site.

But i will wait and see if that volume stays up after the airdrop fuzz calms down.

_act_

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Quote from: o48o on February 28, 2023, 04:49:58 PM

50x would take it over ada's current marketcap so i guess you have hopes that nft hype is far from over.

I am not saying it wouldn't go up there but i don't understand why people believe that blur would challenge opensea or any other nft platform just because of aidrops. Magic Eden had a reward program as well.

I do not have hope in NFTs like that, but I noticed their price during bull run do increased significantly.

I have later known that blur token does not worth the hype I am giving it. I will even edit this topic now for me not to misinform people.

If you check the NFT marketplace, you will see how Blur marketplace is a rival of Opensea, even I read recently that the transactions on Blur surpasses that of Opensea recently.

Quote from: shinratensei_ on February 28, 2023, 07:21:02 PM

It's not even possible to happen and how many marketcap did you expect to be reached by blur? I think that you shall see the tokenomic and token distribution first...

Thank you, you are correct.

Quote from: MAAManda on February 28, 2023, 07:34:13 PM

The project itself looks very promising, as they are currently in second place for the NFT Marketplace. UI/UX of their website is also very cool, I like Blur more than Opensea, but if your question is about "Is the $BLUR token good to have?" I don't have an answer for that.

As I said, I've visited the Blur website. But I didn't find any documentation or whitepaper for the $BLUR token, to see the potential of a token, we have to know first, for what purpose is the $BLUR token intended, what utility does this token have, and other things. Do you have any information regarding the utility of $BLUR? please reply to my message if you have one, so we can discuss this further.

I checked some information about the coins on sites that listed the coin and I later also found out that there are many airdrops of the coin which are distributed to the Blur marketplace users and more of that to come, being an airdrop token alone makes it not worthy. See when it was listed, most of the coin was sold and the price falled significantly as it was listed on many exchanges almost at once and people that were given the airdrop all sold at once, driving its price into the dept of an ocean.

I prefer bitcoin, but just want to hold little altcoins too. I bought $37 worth of the coin at $0.804, I am now selling it immediately I post this, the coin do not look promising for me again.

MAAManda

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Quote from: _act_ on February 28, 2023, 03:55:29 AM

What did you think about this project, can the price get to $50 in the next bull run? I am planning to buy small amount of the coin and continue to DCA with little amount of money. Is it good?

The project itself looks very promising, as they are currently in second place for the NFT Marketplace. UI/UX of their website is also very cool, I like Blur more than Opensea, but if your question is about "Is the $BLUR token good to have?" I don't have an answer for that.

As I said, I've visited the Blur website. But I didn't find any documentation or whitepaper for the $BLUR token, to see the potential of a token, we have to know first, for what purpose is the $BLUR token intended, what utility does this token have, and other things. Do you have any information regarding the utility of $BLUR? please reply to my message if you have one, so we can discuss this further.

shinratensei_

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Quote from: _act_ on February 28, 2023, 03:55:29 AM

I think this is one of the good coins that may increase more than 10x to 50x in the next significant bull run.

It's not even possible to happen and how many marketcap did you expect to be reached by blur? I think that you shall see the tokenomic and token distribution first.

Ir's around 13% of tokens available in the curculating supply now while there are 3 billions tokens in total has been minted.

Let's take a look at the tokenomic

That being said that there are so many angel investors who have been still holding (locked) their tokens. The problem is the inflation gonna be preventing the price to go up but potentially driving the price to go down. I can't deny that this one possible to reach billions valuation but this may need whole of crypto users regularly used blur.

https://docs.blur.foundation/tokenomics

You can see that if the first 4 years gonna be a difficult thing for blur. I expect there will be a huge drop for blur during the token release schedule. Angel investors may potentially drive the price to go down caused by angel investors have big pie of tokens.

Quote from: _act_ on February 28, 2023, 03:55:29 AM

What did you think about this project, can the price get to $50 in the next bull run? I am planning to buy small amount of the coin and continue to DCA with little amount of money. Is it good?

$50 is not even possible. You can expect the price to go to a few dollars for the peak price but it will not even touch two digits. It's only good for long term but im also still worrying to invest while token release can drive the price to go down so hard.

o48o

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50x would take it over ada's current marketcap so i guess you have hopes that nft hype is far from over.

I am not saying it wouldn't go up there but i don't understand why people believe that blur would challenge opensea or any other nft platform just because of aidrops. Magic Eden had a reward program as well.

_act_

legendary

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Edited: I am no more buying this coin again, it does not worth it, it is more of an airdrop coin that people receive and sell. Blur marketplace is good although.

Blur is an Ethereum NFT marketplace, it is now competing with OpenSea which is the largest NFT marketplace so far. They have a token which some was airdropped, it is called Blur. Blur price today is $0.8.

Coin name: Blur
Price: $0.8
All-time-high: Almost $46
All-time-ow: $0.43
Marketcap: $316 million

I was notified on Kucoin about this coin, I made research about it to later know it is a good project because it is a project from the second largest NFT marketplace.

I like the time this coin was listed, it was not in the bull time when the price could have increased, but during this time when crypto market is neither bullish nor bearish after a long bear market time. I think this is one of the good coins that may increase more than 10x to 50x in the next significant bull run.

What did you think about this project, can the price get to $50 in the next bull run? I am planning to buy small amount of the coin and continue to DCA with little amount of money. Is it good?

Topic: Blur price speculation and discussion (Read 171 times)