Bitcoin passed 30000$ ! Why Blurt is not following ?
Bitcoin looks stable above 30000$ and number of other ALT's following bitcoin showing some green candles. But we can't see anyresponse from the Blurt market pairs. Currently blurt is trading only in two exchanges. They are http://probit.com and https://hive-engine.com. If you look at the trading volumes today ,you can notice that they are very low. Blurt/Hive trading pair trading volume is 37$ in hive-engine and in profit.com also the trading volume for the past 24 hours is just below 200$. So one thing we have to accept is there are no buyers who are interested in investing in Blurt at the moment. You can clearly see that if you check the depth of buy orders and sell orders.
source : https://www.binance.com/en/price/blurt
This is how Blurt has performed during last 90 days. It's clearly not looking good. But I'm very curious why blurt didn't show any positive movement when Bitcoin is performing really well. Well , I looked at other two similar blockchain based social medias. Steemit and Hive , let's see how they are performing compared to Bitcoin.
Bitcoin
source : https://coinmarketcap.com
Steem
source : https://coinmarketcap.com
Hive
source : https://coinmarketcap.com
Blurt
source : https://coinmarketcap.com
So the answer is clear ! Neither of them have performed with Bitcoin. Non of them are following bitcoin this time. But in May 2022 , as you can see all Hive , Steem and Blurt shows a very similar patter to Bitcoin. This time somewhat different movement.
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Upvoted! Thank you for supporting witness @jswit.
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