• Whale interest in BLUR showed a spike while the token’s supply on exchanges declined.
  • The metrics were supportive of a continued surge, except for the RSI indicator.

Blur [BLUR] stole the limelight recently as its price registered a double-digit growth in the last 24 hours alone. According to CoinMarketCap, BLUR was up by 11% and 15% in the last day and week, respectively. 

Realistic or not, here’s BLUR market cap in BTC‘s terms

The hike was legitimate as it was accompanied by an increase in volume. At press time, it was trading at $0.7175 with a market capitalization of more than $323 million. 

Binance is behind the surge

The development that propelled this sudden growth was a Binance announcement. Binance Futures will launch the USD-M BLUR perpetual contract on 28 April, with up to 20 times leverage.

As per the official announcement, Binance may adjust the specifications of the BLURUSDT Perpetual Contract from time to time, which include the tick size, maximum leverage, etc. 

Is the surge sustainable? 

As BLUR’s price continued to rise, LunarCrush revealed yet another bullish signal, suggesting a further price pump. According to the tweet, BLUR hit the #1 LunarCrush AltRank, which was an update in the buyers’ favor. 

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