- The asset has seen significant gains in market performance.
- Trading volume and the level of open interest in the token have reached a new ATH.
- The BLZ price has doubled since August 10, 2023.
On August 14, 2023, trading volume for the BLZ position exceeded $2.69 billion, according to CoinGlass data. Within a day, the index jumped more than 300%, while the token price jumped 33%.
Open interest in BLZ exceeded $84 million. Along with the trading volume, the indicator reached a new ATH. The asset has predominantly long positions:
In early August 2023, the asset’s price remained in the $0.05 range. On August 13, the rate reached a new ATH of $0.114. At the time of writing, it is trying to consolidate at this level, according to CoinMarketCap:
Market gains have led to a response to the asset among counterparties. The listing of BLZ was announced by Huobi exchange. Prior to that, the token was traded on four platforms – Binance, OKX, Bitfinex and Bybit.
Bluzelle is a decentralized platform for storing gaming tokens. The network is characterized by high speed (about 10,000 TPS) and low commissions, as stated by the administration. The role of the service token is played by BLZ.
An expert under the pseudonym CaptainAltcoin believes that high volatility is expected in this market in the near future. He noted a significant response and interest in the asset from traders.