{"id":19416,"date":"2023-04-03T01:41:05","date_gmt":"2023-04-03T01:41:05","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/blur-token-plummets-over-28-in-march-despite-blurs-dominance-in-nft-sales-market-markets-and-prices-bitcoin-news\/"},"modified":"2023-04-03T01:41:05","modified_gmt":"2023-04-03T01:41:05","slug":"blur-token-plummets-over-28-in-march-despite-blurs-dominance-in-nft-sales-market-markets-and-prices-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/blur-token-plummets-over-28-in-march-despite-blurs-dominance-in-nft-sales-market-markets-and-prices-bitcoin-news\/","title":{"rendered":"BLUR Token Plummets Over 28% in March, Despite Blur’s Dominance in NFT Sales Market \u2013 Markets and Prices Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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While the non-fungible token marketplace Blur has captured a significant amount of the market share in terms of NFT sales, the market\u2019s native token, BLUR, lost more than 28% in value last month. At present, BLUR tokens are down more than 88% since the crypto asset\u2019s all-time high recorded on February 14, 2023.<\/strong><\/p>\n

Blur\u2019s Native Token Slides 28% Against the Greenback in 30 Days<\/h2>\n

The NFT marketplace Blur has captured a majority of the NFT sales over the past month, according to metrics<\/a> from dappradar.com. Additionally, according to data<\/a> from Dune Analytics, Blur\u2019s market share in terms of volume over the past week was 71%.<\/p>\n

The Dune Analytics dashboard, created by @hildobby, shows that over the past week, Blur accounted for 42% of trades, while the NFT marketplace Opensea accounted for 48.3%. In terms of trader count this past week, Opensea outpaced Blur, with over 89,000 traders compared to Blur\u2019s 39,000.<\/p>\n

While the marketplace has been competitive, Blur\u2019s native token, BLUR<\/a>, suffered this past month compared to most crypto assets. For instance, while ETH<\/a> rose 8.5% higher and BTC<\/a> rose by 19.8% in March, BLUR dropped 28% against the U.S. dollar.<\/p>\n

Currently, BLUR holds the 161st largest market capitalization, with a circulating supply of 426.84 million BLUR tokens. As of Sunday, April 2, 2023, BLUR\u2019s market valuation is $248 million.<\/p>\n

Over the last 24 hours, BLUR has seen $75.59 million in global trading volume, with Okx being the most active BLUR exchange today. Statistics further indicate that 42,509 unique addresses hold BLUR tokens, and roughly 94.42% of all BLUR created is held in 10 wallets.<\/p>\n

Rich list data<\/a> from coincarp.com shows that 100 BLUR holders control 98.10% of the total supply, with the top address being the BLUR contract deployer<\/a>. Meanwhile, BLUR reached an all-time high against the U.S. dollar on February 14, 2023, at $5.02 per unit. At current prices of $0.579 per BLUR, the token has dropped more than 88% since then.<\/p>\n

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Blockchain<\/a>, blockchain technology<\/a>, Blur<\/a>, BTC<\/a>, circulating supply<\/a>, crypto assets<\/a>, crypto market<\/a>, Cryptocurrency<\/a>, cryptocurrency exchanges<\/a>, cryptocurrency wallets<\/a>, dappradar.com<\/a>, decentralized finance<\/a>, DeFi<\/a>, Digital Art<\/a>, Digital Assets<\/a>, Dune Analytics<\/a>, ETH<\/a>, global trading<\/a>, Investors<\/a>, market analysis<\/a>, Market Capitalization<\/a>, Market Share<\/a>, Market Trends<\/a>, Market Valuation<\/a>, metrics<\/a>, Native Token<\/a>, NFT marketplace<\/a>, NFT sales<\/a>, Rich List<\/a>, Smart Contracts<\/a>, Statistics<\/a>, top addresses<\/a>, Traders<\/a>, trading<\/a>, Trading Platforms<\/a>, Trading Volume<\/a>, USD<\/a>, Wallets<\/a><\/div>\n<\/div>\n

What do you think the future holds for the BLUR token and the NFT market as a whole, given the current trends and statistics? Share your thoughts about this subject in the comments section below. <\/strong><\/em><\/p>\n

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\nJamie Redman <\/h6>\n

\nJamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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