BLUR LONG TERM GOAL | Short position
Blur is facing a significant challenge with its massive inflation. Blur farmers are actively farming tokens every second, resulting in a continuous influx of new tokens into circulation. This surge in token supply has created a substantial sell pressure on the market. On June 14, approximately 191 million tokens were unlocked, further exacerbating the situation. Additionally, the vesting schedule distributes about 943,000 Blur tokens daily, allowing the teams, early investors, and core contributors who acquired tokens at a very low price of $0.02 to profit significantly (x17).
When examining the price movements of Blur in relation to Bitcoin, it becomes apparent that there is a correlation. Both experienced a pump, with Blur rising from $0.34 to $0.39. However, the heavy selling from the team, early investors, and core contributors caused a sharp drop back to $0.34, where the price has since stagnated. This pattern indicates that every time Blur follows Bitcoin's upward trend, selling orders promptly emerge, impeding its growth potential.
Given the upcoming airdrop season 2, it is reasonable to anticipate further challenges. Therefore, it is crucial for individuals who are new to Blur to exercise caution and refrain from buying or holding the token. The risks associated with Blur's current circumstances are significant. It is advisable to explore other projects with low inflation rates and favorable tokenomics. Remember to conduct your own research (DYOR) to make informed investment decisions. Please note that this analysis is not financial advice but serves as a reminder to evaluate the situation critically.
When examining the price movements of Blur in relation to Bitcoin, it becomes apparent that there is a correlation. Both experienced a pump, with Blur rising from $0.34 to $0.39. However, the heavy selling from the team, early investors, and core contributors caused a sharp drop back to $0.34, where the price has since stagnated. This pattern indicates that every time Blur follows Bitcoin's upward trend, selling orders promptly emerge, impeding its growth potential.
Given the upcoming airdrop season 2, it is reasonable to anticipate further challenges. Therefore, it is crucial for individuals who are new to Blur to exercise caution and refrain from buying or holding the token. The risks associated with Blur's current circumstances are significant. It is advisable to explore other projects with low inflation rates and favorable tokenomics. Remember to conduct your own research (DYOR) to make informed investment decisions. Please note that this analysis is not financial advice but serves as a reminder to evaluate the situation critically.