Blurt is STILL Undervalued
Many months ago, when Blurt was trading well above $0.03 USD, I said that Blurt was very undervalued in my opinion. To expand on this opinion:
Even in the shift of the markets, the coin is still relatively undervalued as it stands. Blurt isn't like the other tokens on the Hive Engine. If for whatever reason Hive or the Hive-Engine breaks down (knock on wood that it doesn't), Blurt will still remain available to us. It is protected by the witnesses and the hosts who offer their own front-ends.
The current value is a consequence of the downturn in the cryptocurrency market as a whole, there have been very few winners like Tron and many losers like Bitcoin and Dogecoin. Can't say I know the direct cause of this, but it has been hectic for us these past few weeks. There was positive speculation then that all fell apart a few days ago.
Personally, in this downturn, I still value Blurt above $0.05 (meaning that I would like sell beyond that price point). Right now, the "fair value" for the coin, in my opinion given the state of the cryptocurrency market right now, is definitely $0.038. Currently, the coin is trading at ~$0.027.
What do you guys think is a good value for Blurt?
I believe blurt will still reach $0.2 and possibly reach &$0.5 before the end of this year. But it won't happen just like that, it will take time, a year or two.
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