BLUR serves as the governance token for Blur, a non-fungible token (NFT) marketplace and aggregator platform. BLUR Market Cap is 813Mil BLUR Fully Diluted Market Capitalization is $1,96 Billion! 49.46M BLUR(about 32.50M) was unlocked yesterday and they will be unlocking more coins next month!
I have a rival to study for comparison, Rarible and its token RARI. Rarible operates as an NFT marketplace and issuance platform with a focus on empowering creators. The platform leverages the RARI token to reward users engaged in active interactions with the protocol. RARI Market Cap is 32Mil RARI Fully Diluted Market Capitalization is 35Mil! In 2021 RARI was trading at $63.53 and its fully diluted Mk cap was $1.57 Billion! Sounds familiar? Then the DILUTION started! And now is trading 45X lower, at $1.4!
In case it will follow RARI`s rule, my price target for BLUR is $0.015. Now it`s trading at $0.657!
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BLUR trading lower! More Downside potential, in my opinion!
@TopgOptions, depends on your time frame but comparing it to RARI does not make sense at all. Blurs daily volume and active users are far beyond what Rarible has ever achieved.