BLURT price falling steadily since Probit delisting

The price of BLURT has continued to fall since the reversal of a 1.5 year trend last week, and is again on the verge of another sharp price drop.

Here are the open orders for BLURT:HIVE on the only exchange currently trading BLURT:

As you can see, the price is down 5% from a high of 0.0153 to 0.0146 HIVE. Here's the past 2 weeks of daily price action:

And here are the 6 months prior to that:

So HIVE is having its first gain against BLURT since early 2024. That is really lucky for HIVE, which was very close to falling completely to zero just before this happened. BLURT's loss is HIVE's gain, just in time.

What's next?

According to the first image (open orders), it looks like BLURT is close to another massive drop. It will only take another 100 HIVE ($11) to fill every BLURT buy order, sending the price down at least another 40% (to 0.01 HIVE).

But it would take 5700 HIVE ($645) to shift the price back up to 0.01472, which is a mere 0.5%!

The sellers are firmly in control of the market.

Will a big BLURT buyer show up and save our token from another huge price slip in the coming hours? Let's hope so.

DRutter

PS: I am still looking for a buyer(s) for my 1.3m liquid BLURT so that I don't destroy the currency by dumping them onto the open market. Please get in touch if you're interested.