You've probably noticed the estimated dollar value of your Blurt wallet fluctuating wildly over the past couple weeks. That's because the price has been on a rollercoaster! Let's have a look, starting with the 14 day chart (data from https://www.coingecko.com/)...
Up suddenly, then back down just as quickly. Then another sudden spike, but an even-bigger crash... and immediate recovery! A gradual slide back down... but a big jump last night to bring us approximately back where we started, 0.0032 USD. In the past 2 weeks we touched $0.0040, but also $0.0025... more than once!
The volatility has a lot to do with the overall cryptocurrency market going through some turmoil lately. The US govt claimed they were going to regulate it, causing a drop, but rumours of a Bitcoin ETF are making things heat up. From what I know, this isn't a Blurt thing, we're just along for the ride.
Zooming out to 3 months...
Notice the 2.5 months previous were less volatile? The past couple weeks has been pretty wonky.
Zooming right out to the entire 3 year history of the token provides more perspective:
That really shows how BLURT has been in the doldrums since June 2022, never coming close to recapturing those levels. (If only I had joined the platform a couple months later, I would have been able to buy about 4 times as many BLURT... ouch!)
It shows the last couple weeks of volatility really isn't that impressive, when considering the dramatic price moves back in 2021, and the legendary collapse of June 2022. Things have been pretty tame for a year and a half.
What BLURT really needs to do in the coming crypto bull market is get, and stay, above 0.005 USD (half a cent). I'll indicate that level with a green line:
After that, we can talk about establishing a support base, and starting to target the one cent level again. My million BP would be worth $10k at that price... not exactly proper pay for 11 years of content-creation and investment! But it's a start, and from there it will hopefully test the 0.03 USD level that was popular in early 2022. My million would be worth $30k, starting to be more reasonable.
And if there's any justice in the world, it will return to (and exceed) the old high from early 2021, when the price actually spiked to about 12 cents each. 1,000,000 BP would then be worth $120,000 USD - an amount that would change my life and improve the situation for my wife and our 2 children. I would love to pay the bills as a content creator! The whole "get paid for your content" concept could finally come true for me.
2024 (and 2025) should be very good for BLURT. I think tokens purchased (and earned) at this low level will one day be sold at massively higher prices.
DRutter
