If you were present in the crypto sphere in the previous cycle, you know that NFTs were all the rage. However, the 2022 bear market hit these types of crypto assets hard. But while the prices of NFTs came down, the use cases of these non-fungible assets continued to evolve. And as the Web3 gaming narrative has already picked up in 2023, NFTs ought to gain traction soon as well. So, the BLUR crypto project may be ready for some serious price appreciation as the bull market unravels. However, $BLUR has already increased by more than 350% since October 2023.  

Despite being around for nearly two years, the BLUR crypto project is still considered a new project. The fact that the BLUR token launched in 2023 definitely has something to do with this perception. So, being fairly new, many of you are just finding out about this project. As such, we’ll start today’s article by covering BLUR’s basics. 
Moving forward, we’ll first ensure that you all know the gist of the project and its platform. Essentially, we’ll provide you with a proper overview of the BLUR crypto project. 
However, as altcoin investors/traders, we’ll devote most of our attention to the BLUR cryptocurrency. Thus, we’ll answer what $BLUR is, explain its purpose, go over the token’s use cases, and cover the asset’s tokenomics.
Furthermore, we’ll also analyze the $BLUR price. We’ll cover the asset’s entire price action so far and use the basics of technical analysis (TA) to outline the key levels of support and resistance. In addition, we’ll apply the best crypto charting tool – Money Line – to $BLUR’s chart to get a proper insight into the asset’s trend.
Moreover, we’ll share a word of caution regarding the BLUR crypto’s price predictions. Plus, we’ll explain how you can determine if/when to buy this NFT-related token by using the power of one of Moralis Money’s cryptocurrency analysis sites. After all, with these crypto analysis tools in your corner, you can even come up with the most likely short-term price prediction!
Last but not least, you’ll also get to find out where you can buy $BLUR without breaking a sweat or the bank. 

What is BLUR Crypto?

“BLUR crypto” is short for “BLUR cryptocurrency”, which is the BLUR project’s native token. However, the term is also used to refer to the project or its entire ecosystem itself. 
So to properly answer the above question, we need to have a closer look at both the token and the project. 
Starting with the latter, it’s worth pointing out that Blur has its roots in 2022. After launching in October 2022, the project quickly gained traction and has positioned itself as a major competitor to industry leader OpenSea.
The project’s official X (former Twitter) account was also created in 2022:
Looking at the above screenshot, you can also see what the BLUR project is all about. The account’s bio says that BLUR is the NFT marketplace for professional traders. Moreover, you can also see that the project has a rather large following. 
However, it’s important to note that BLUR offered an airdrop campaign, which included users following the above account. As such, it’s hard to see how many of those 250k followers are engaged members of BLUR’s community and how many were just in it for the airdrop. 

Blur.io – The BLUR NFT Marketplace

Let’s proceed by exploring the project’s official website:
The second you land on the blur.io site, you can confirm that BLUR is an actual NFT marketplace. And by hitting the “connect wallet” button, you get to engage with the platform. Using the top menu bar, you can explore various NFT collections, including Pudgy Penguins, which is currently featured on the site’s cover photo.

Furthermore, once you connect your Web3 wallet, you can explore for NFT portfolio and your account’s activity. Plus, you can check out if you’re eligible for the previously-mentioned BLUR airdrop.
Moreover, by scrolling down the page, you can see a table of trending and top collections. The latter includes the collections’ floor price, one-day and seven-day price changes as well as trading volume, the number of owners, and the total supply of NFTs per collection: 
But if you continue scrolling down the page, you’ll eventually hit the section that aims to point out the platform’s key propositions. So this is where the platform again claims to be the fastest NFT marketplace. It also invites visitors to ditch slow alternatives and instead execute trades faster, while also making more money on the Blur crypto site. 
According to the Blur project itself, these are the platform’s key highlights:

• Ten times faster sweeping
• 0% marketplace fees
• $7.4 billion total GMV (gross merchandise value)
• 320,000+ users

BLUR Airdrops

So far, the project airdropped a total of 700,000,000 $BLUR to its community across two periods (a.k.a Seasons). At the time of writing, the BLUR crypto platform invites its users to take part in Season 3, which is powered by the Blast Layer 2 (L2). The latter is also backed by Paradigm, which is the research-driven technology investment firm behind BLUR.
So, if you wish to participate in Blur’s Season 3 airdrop, make sure to start listing and bidding on this NFT marketplace.

$BLUR Closeup

Now that you know what the Blur project is all about, let’s dive deeper into the $BLUR token. As mentioned previously, $BLUR is the project’s native cryptocurrency. It lives on the Ethereum blockchain where it follows the ERC-20 standard, which governs the fungible tokens on that chain.
The token was born on January 31, 2023, when the asset’s deployers minted 3 billion instances of $BLUR: 
As Blur.io ecosystem’s native token, $BLUR is a prominent cryptocurrency in the non-fungible token (NFT) category. The BLUR token plays a pivotal role within the Blur.io platform, offering a range of functionalities and contributing to the decentralized governance of the ecosystem.

BLUR Crypto Token’s Purpose

The BLUR token has a multifaceted purpose within the Blur.io ecosystem. The token’s primary role is to act as a governance token. As such, $BLUR empowers holders to participate in decision-making processes. This gives the community a say regarding the development and direction of the Blur platform. 
This decentralized governance structure is one of Blur’s commitments to community involvement. After all, that kind of approach sets it apart from centralized NFT marketplaces like OpenSea.
Moreover, BLUR token holders also get to vote on fee structures for both the Blur marketplace and its lending platform, Blend (Blur Lend). This unique approach ensures that the community has a direct impact on the ecosystem’s evolution.

Tokenomics

Here’s a recap of $BLUR’s tokenomics:

• Token’s on-chain name: Blur
• Symbol/ticker: BLUR or $BLUR
• Token category: NFT marketplace governance
• Network: Ethereum
• Token type: ERC-20
• Smart contract address: 0x5283D291DBCF85356A21bA090E6db59121208b44
• Current total supply: 3,000,000,000 $BLUR (warning: the token is mintable)
• Allocation and vesting:

Note: If you wish to explore $BLUR’s current distribution, make use to use Moralis Money’s crypto bubblemaps. You can access the BLUR “Bubble Chart” section on the token’s page outlined in the following sections.

BLUR Crypto’s Price

The BLUR crypto asset started trading on February 14, 2023, at $0.1. There was a lot of buying pressure on the first day of trading, pushing the price as high as $8.36 on some exchanges. However, that spike in value was short-lived; after all, the first-day candle closed significantly lower – at $0.69. 
Over the next five days, the price continued to increase, reaching the $1.4 level on February 19. However, at that price, $BLUR ran out of steam and the asset transitioned into a downtrend. The latter lasted for 21 days and resulted in a 67% pullback, bringing the BLUR price down to $0.44 by March 12, 2023.
The $0.44 turned out to be an important level of support for the BLUR token’s price. Following March 12, the asset’s value started printing higher highs and higher lows, eventually reaching $0.84 by April 18. But it got rejected there and returned towards the $0.44 region, which served as support until June 5, 2023. 
On that day, $BLUR broke below the aforementioned level, forming new local support at around $0.29. The latter lasted for roughly two months until the asset moved even lower. On August 17, the token spiked down to $0.15, which marked the bottom that was retested on October 12.
However, after that second bounce on top of the $0.15 level, $BLUR entered a bullish trend. Of course, the price didn’t shoot up in a straight line. Instead, there were several pullbacks along the way, some as large as 38%. But between October 12 and November 24, 2023, the BLUR crypto’s price increased by more than 340%, reaching one of the previous support/resistance levels at $0.68.       

TA & Money Line

After November 24, 2023, $BLUR pulled back roughly 40%; however, the price managed to stay above $0.38. Moreover, the $0.59 level served as a resistance to the upside. At least until January 11, 2024. On that day, the token broke above the aforementioned level and went on to set a new local high at $0.716 on January 16, 2024. 
At the time of writing, the $BLUR price ranges around the $0.68 region. 
Looking at the above $BLUR daily chart, you can see all the most significant levels. The thicker the line, the greater the importance of that particular level. 
Charting these types of levels is the very basics of TA; however, it is very useful as these levels tend to come into play more often than not. 
Still, it’s also smart to use some of the more advanced TA tools and indicators. And while there are many different options, Money Line tends to perform the best. So, after applying this ultimate crypto trend indicator to the $BLUR chart, we can see that the asset is in a bullish trend. 
However, the price is just at the top of the indicator’s cloud band. Thus, it may be better to wait until it breaks above that resistance or retests one of the lower levels before buying the asset. 
Note: If you wish to get your hands on the Money Line indicator, make sure to opt in for the Moralis Money Pro or Starter plan. You can also test this powerful crypto trading tool for 14 days by taking on the platform’s extremely affordable trial offer. 

$BLUR Price Predictions

We want you to keep in mind that it’s impossible to make a reliable BLUR price prediction. After all, the crypto market is highly dynamic and in constant flux. So, whenever you see any mid- or long-term BLUR price prediction, know that it’s a pure guess. And most, if not all, of those guesses will turn out to be way off.
However, by deciphering real-time on-chain data and combining it with the power of TA, you can make short-term price predictions with increased probability. That is also the reason why the Money Line indicator is so powerful – it also uses on-chain data for the market sentiment.
But to explore the real-time on-chain metrics for $BLUR across different timeframes, you ought to visit Moralis Money’s page for that token. The latter is the ultimate tool for coming up with your own tangible BLUR short-term price targets. You can find the link to that page in the next section.

Should You Invest in the BLUR Crypto?

By using the above-covered information, you should be able to decide if you find the Blur crypto project and its native token at all interesting. If yes, then you ought to DYOR this potential opportunity further. 
Luckily, you can do this with ease using the Moralis Money Blur ($BLUR) token page. On that page, you can find all the tools and resources you need to determine whether or not $BLUR matches your investing strategy. 
Moreover, particularly valuable are the “Alpha Metrics” and “Price Chart” sections. The former is the window into the real-time on-chain metrics for BLUR, while the latter allows you to view the asset’s live price and put it into proper perspective. Essentially, the combo of these insights allows you to determine if/when to buy $BLUR.
So, if you wish to answer the above question with confidence, make sure to follow the above “$BLUR” link or simply use the interactive widget below.   

Where to Buy $BLUR?

BLUR is available on many popular centralized exchanges (CEXs). However, if you are anything like us, you prefer to take a decentralized approach to buying cryptos whenever possible. After all, the not-so-long crypto history teaches us that it’s way safer and smarter to use non-custodial wallets. 
With that in mind, you can find a user-friendly, secure, and affordable path to buying $BLUR right on the above-presented page. And all you need to do is to hit the “Buy” button. The latter will summon the platform’s instant crypto swap feature, which provides you with simple instructions. Essentially, you just need to connect your Web3 wallet, select the token you wish to use to buy $BLUR, enter that token’s amount, and execute the swap.

Is BLUR Crypto a Good Investment? BLUR Price Prediction & On-Chain Data – Key Takeaways

• The Blur crypto project is all about delivering a decentralized NFT marketplace that goes by the name BLUR. The latter went live in 2022 and soon became one of the most popular NFT marketplaces.
• This NFT marketplace offers fast sweeping and 0% marketplace fees.
• $BLUR is the native cryptocurrency of the Blur ecosystem and it serves as a governance token.
• After the initial pump, the price of $BLUR pulled back, reaching its bottom at $0.15 in October 2023. Since then, the price has more than quadrupled and is currently facing important resistance. 
• To decide if/when to buy $BLUR, use Moralis Money’s token page for that asset. 
• If you decide to buy the BLUR token, you can do so effortlessly via that page.

It’s very important to keep in mind that $BLUR is just one of many altcoins with potential. Moreover, if you wish to increase your chances of catching those 50x-plus rallies that many altcoins offer, you ought to invest in several tokens. 
However, the trick is to find the best altcoin opportunities before it’s too late. 
Luckily, you can do that by using Moralis Money’s crypto trading tools, with the ultimate crypto scanner leading the pack. That core feature allows you to deploy preset and unique search strategies and in return generates dynamic lists of altcoins with potential. 
So, with Moralis Money on your side, you’re just a few clicks away from spotting the best alts at any given moment. 

Post source:https://moralismoney.com/blog/is-blur-crypto-a-good-investment-blur-price-prediction-on-chain-data