Blurt Is Growing With More Liquidity Pools On Hive Engine
The value of Blurt has been relatively stable since my last update on its value. It has stayed within the target range I stated, $0.0052 - $0.0062 USD. Naturally, with a spread so large, it was bound to stay within those bounds.
It has been a great January and an incredible start to 2023 for cryptocurrency. With the momentum heading in the right direction for cryptocurrencies, I figured it is now time to create another target range. The markets have been moving in a positive direction for weeks and the value of Blurt is no different. More people are feeling reluctant in keeping their wealth in USD and are seeking metals and cryptocurrency investments as alternatives.
With Blurt, the community is going through significantly less FUD. There are more opportunities for people to purchase Blurt on the Hive Engine as there are more liquidity pools available. The new liquidity pools include Blurt trading between Litecoin, Steem, USDT, Bitcoin, Ethereum, and others. What seems to be missing, however, is a trade between Blurt and Dogecoin (in which I would love to provide a bit of liquidity).
The value of Blurt has been fluctuating quite a bit between the price ranges of $0.0054 -$0.0064 USD for the past week. The spread is still quite large, but that's due to low liquidity on bid orders which can make the price very unstable. Considering the movement of the general market, Blurt's markets, and the new liquidity pools, the target for Blurt will be around $0.0059 - $0.0067 USD. The spread does seem to be tightening, and demand should be heating up pretty soon but it may be unlikely to remain stable above 0.0065. The value of Blurt may shoot up to $0.007 USD but it will not remain at that level for very long as markets boom once again. The last bottom for Blurt was around $ 0.00166 USD, if Blurt remains stable for the next week, then seeing the price rise above $0.007 will be more likely within two weeks.
For trading against Hive, the range would be relatively smaller but consistent around 0.0132 - 0.015 HIVE. It may be a good time to get yourself some Blurt, but remember these are just targets in my opinion. I'll be holding onto my Blurt for the next week and acquiring a little more.