Binance, the world’s largest cryptocurrency exchange by trading volume, has announced the listing of BLUR, the native token of Blur, the leading NFT marketplace. The listing has triggered a massive price surge for BLUR, which has soared over 30% in the past 24 hours and reached a new all-time high of $0.68.
In an informative update, renowned cryptocurrency expert Lark Davis highlighted the remarkable performance of BLUR. He described the recent increase in BLUR’s circulation as “astonishing”. The Blur project team has introduced an additional 300 million tokens into the market, bringing the total circulating supply to over 1.1 billion.
Crazy how $BLUR doubled in price despite adding 300 million tokens into its circulation just Monday
Bull market vibes I guess
— Lark Davis (@TheCryptoLark) November 24, 2023
Blur is a platform that allows users to create, buy, sell, and collect digital art and collectibles, powered by blockchain technology. It has been growing rapidly since its launch in February 2023, attracting over 2 million users and hosting over 10 million NFTs. Blur has also partnered with various celebrities, brands, and artists, such as Katy Perry, Coca-Cola, and Banksy, to create exclusive NFT collections.
Binance Supports BLUR Trading Pairs and Margin Borrowing
Binance has added support for BLUR trading pairs with Bitcoin (BTC), Tether (USDT), and Turkish Lira (TRY), allowing users to easily access the BLUR market. The exchange has also enabled BLUR as a new borrowable asset on its isolated margin platform, offering more options for traders to leverage their positions.
However, Binance has also applied a special tag to BLUR, indicating that it is a new and risky project that may experience higher volatility and uncertainty than other established tokens. Binance users who wish to trade BLUR will have to pass a quiz every 90 days and accept the terms of use, acknowledging the potential risks involved.
The listing of BLUR on Binance is a major milestone for the NFT industry, as it demonstrates the growing popularity and demand for digital art and collectibles. BLUR is currently the 35th largest cryptocurrency by market capitalization, with a value of over $4 billion. BLUR is also one of the best-performing tokens in the past week, with an impressive 83% increase. Hours after the announcement, BLUR is trading at $0.62, according to data from CoinMarketCap.
