The price of BLURT just officially made a new all-time low

BLURT tokens sold for $0.00157 USD each this afternoon, 1/16th the price I paid for several hundred thousand when I joined the platform last year. Thankfully, the price has recovered this evening, but it doesn't change the fact that we just officially hit a new all-time low. Hopefully, it's all upward from here!

They say you can't make a recovery until you've hit rock bottom. Sure, they're talking about addiction, but maybe it will hold true for BLURT price action as well?

As I mentioned, the official price is only based on a single exchange, Ionomy, and the volume there is only about 1/4 the total trading volume. Also, BLURT is a small market. That means a few hundred bucks can move the chart. So we have to take today's brief dip with a grain of salt - not a lot of people traded at that low price, and it already seems to be over.

That said, it's still not a very good indicator. Making a new all-time low, even just an official one which doesn't last long, sends a bad signal to investors. What we want is the opposite, to be making new all-time highs, generating good publicity.

Blurt is a promising platform with a solid community behind it, but when people see price charts like that, they generally don't get involved with their money. It's very hard to see anything bullish in the chart. Of course, it's always darkest before the dawn. This could ultimately be a massive buying opportunity. The future may be rosy. But as of right now, we're hurting pretty bad, and there's nothing indicating that's going to change.

This logarithmic Bitcoin chart goes back to the sudden drop to $4000 at the start of the plandemic in March 2020. It shows the climb to almost $70000, the bear market to $16000, and the recovery to $30000 in 2023.

Like other successful cryptos, the BTC price is going up over time.

I really want to see that for BLURT as well.

DRutter