BLZ (Bluzelle) rose 17.22% in the last 24 hours.

Gate News Bot news, August 1st, according to CoinMarketCap data, as of the time of writing, BLZ (Bluzelle) is currently priced at 0.04 USD, with a rise of 17.22% in the last 24 hours, reaching a high of 0.05 USD and a low of 0.04 USD. The current market capitalization is approximately 20.6 million USD, an increase of 3.03 million USD compared to yesterday.

Bluzelle is a blockchain infrastructure project focused on decentralized science (DeSci). Its core mission is to empower global scientific research through blockchain technology, especially in addressing major human challenges such as aging. Bluzelle provides a complete set of DeSci solutions, including the high-performance Bluzelle chain, the decentralized storage system R2 Storage, and the NFT marketplace Capella for intellectual property tokenization. The BLZ token is the core of the entire ecosystem, used for payments, staking rewards, and governance participation. Bluzelle's vision is to empower humanity through science and technology, eliminate aging-related diseases, and create a globally transparent innovation ecosystem.

Important recent news about BLZ:

1️⃣ Abnormal whale activity drives price pump Recently, there has been an unusual amount of large transactions involving the BLZ token. This whale activity is often seen as a potential market manipulation or aggressive participation by institutional investors. The increase in large transactions may have triggered optimistic expectations in the market regarding the future development of BLZ, thereby driving a rapid rise in price.

2️⃣ Bluzelle ecosystem continues to develop Bluzelle, as an important infrastructure project in the field of decentralized science (DeSci), may attract more investors' attention due to the continuous improvement of its ecosystem and the expansion of application scenarios. Especially against the backdrop of current technological innovation and life sciences research receiving significant attention, Bluzelle's positioning and development potential are recognized by the market.

3️⃣ The overall recovery of the crypto market Recently, the cryptocurrency market has shown an overall warming trend. As a small to mid-cap project, BLZ may benefit from this broader environment, and the increase in investors' risk appetite has driven the enthusiasm for innovative blockchain projects.

From a technical perspective, BLZ has broken through previous resistance levels and may continue to maintain its upward momentum in the short term. However, considering the profit-taking pressure after a rapid rise, investors should remain cautious of the potential pullback risk in the short term.

This message is not intended as investment advice; investors should be aware of market volatility risks.