BLUR NFT market place sees surge in trading volume. Here’s a look at whether its token replicate similar success.NFT market place increased by more than 5X in November. This was the largest spike in volume, reaching and surpassing $35 million.
However, this could largely depend on the other conditions and the sustained interest in trading on Blur platform. This suggested BLUR was becoming a key player in NFT space, warranting close monitoring for future market reactions.BLUR’s short-selling activity over the past week caused an immediate spike in price, trapping shorts due to the quick rebound. This highlighted concentration of orders, signaling crowded short trades.
This showed a bullish trend consistently staying above both the 50-day and 200-day SMAs, suggesting a strong upward momentum.