BLUR, the native token of non-fungible token (NFT) platform Blur, surged by 22% on Friday after being listed on Binance‘s convert characteristic.
The convert characteristic is geared toward Binance’s retail prospects. It permits prospects to purchase and promote belongings with out going by way of a conventional order e book.
The token rose from $0.55 to as excessive as $0.64 after the itemizing, compounding an uptrend that has seen its worth double up to now week, in response to CoinMarketCap.
Friday’s transfer comes alongside bitcoin (BTC) hitting its highest level since Could 2022 because the broader cryptocurrency market continues its rally.
Blur has carried out notably effectively following the launch of Blast, a layer 2 community developed by the identical individuals who constructed Blur.
After going reside earlier this week, Blast has obtained over $400 million in deposits and can problem an airdrop in Could.
Buying and selling quantity on BLUR buying and selling pairs is simply shy of $1 billion over the previous 24 hours as speculators try to money in on the hype surrounding Blast.
Blast has received criticism from some components of the crypto neighborhood for its referral scheme, which some say resembles a pyramid scheme.