Blum Price Prediction: What Will Be The Price On Binance
Blum Price Prediction Telegram: What Will Be its Binance Listing Price
Blum is a decentralized exchange (DEX) integrated into Telegram, designed to overcome the challenges faced by current cryptocurrencies, with a strong emphasis on scalability, security, and privacy. Recently, Blum has gained significant traction as a new and popular Telegram-based game, attracting 28 million users. In this game, players can complete various tasks and progress through levels to earn Blum Coins.
Platform Overview:
-Total Token Supply: 100,000,000,000 (100 billion tokens)
- Total Airdrop Quantity: 6,000,000,000 (6 billion tokens)
- Airdrop Value (USD): $1,000,000,000
-Number of Winners: 5,000,000
-Winner Announcement: TBA
- Airdrop Percentage of Total Supply: 6%
1. Airdrop Token Valuation:
The total value of the Blum Airdrop is $1,000,000,000, which is distributed across 6 billion tokens. To determine the value of each airdrop token:
Total Airdrop Value \Total Airdrop Quantity = 1,000,000,000/6,000,000,000 = 0.1667 USD/token
Thus, each airdrop token is valued at approximately $0.1667.
2. Market Capitalization Analysis:
The total supply of tokens is 100 billion. If the entire supply were to be valued at the current airdrop price of $0.1667 per token, the total market capitalization would be:
Market Capitalization = Total Token Supply*Token Value = 100,000,000,000 *0.1667 = 16,670,000,000 USD
The potential market cap of the platform could be around $16.67 billion, assuming the token maintains the airdrop price in the open market.
3. Circulating Supply and Initial Market Cap:
Given that only 6% of the total supply is distributed through the airdrop, and assuming this is the only supply in circulation initially, the circulating supply would be 6 billion tokens. The initial market capitalization, based on the airdrop price, would be:
Initial Market Capitalization = Circulating Supply*Token Value = 6,000,000,000* 0.1667 = 1,000,200,000USD
The initial market capitalization could be around $1 billion, aligning with the value of the airdrop.
4. Price Fluctuations Post-Airdrop:
The price of the token is likely to experience significant volatility post-airdrop due to the following factors:
Supply and Demand: As more tokens enter the market, particularly if the winners of the airdrop decide to sell their tokens, the increased supply could put downward pressure on the price.
Market Sentiment: If the platform gains popularity and demand for the token increases, the price could stabilize or even increase.
Adoption and Utility: The long-term value of the token will depend on its utility within the platform and broader adoption.
5. Potential Scenarios:
Bullish Scenario: If the platform gains significant traction and the token is widely adopted, the price could increase, potentially reaching $0.20 to $0.25 per token. This would lead to a market cap ranging from $20 billion to $25 billion.
Bearish Scenario: If there is limited adoption and high sell pressure from airdrop recipients, the price could drop below the initial airdrop value, potentially down to $0.10 to $0.12 per token, reducing the market cap to $10 billion to $12 billion.
Blum Token Listing
The upcoming Blum Token listing, expected by late September or early October, has the crypto world buzzing. This key event will offer new trading opportunities on the Blum decentralized exchange, enhancing user experience with seamless integration of centralized and decentralized platforms.
