$$BLUM Price Prediction: 0.001 Pre-Market Overview
Let me break it down for you.
There are some concerns about $BLUM, especially regarding airdrops and why certain users may feel disappointed:
Key Points about $BLUM:
š¢ Not a Typical Project: Unlike many other projects, $BLUM is an exchange platform, which makes it unique.
š¢ Long-Term Focus: $BLUM has been around for a while, and the team has a solid reputation with 70 million users and 55 million regular users. Their social media presence is strong, backed by KOLs and influencers.
š¢ VC Investment: They have venture capital backing, which shows their serious long-term commitment.
Why Thereās Hesitation:
š¢¢ People today are cautious when it comes to money, and $BLUM's team is focused on long-term goals, not just short-term success.
š¢¢ The exchange business is tough, with high costs, so it will take time to become profitable. They might even start another project in the future.
Concerns about Airdrops:
ā”ļø Thereās speculation that $BLUM might not distribute significant airdrops. Hereās why:
š¢ Too Many Tokens Would Dilute the Project: If they airdrop too many tokens, the project might fail, as most users lack deep crypto knowledge.
š¢ Exclusive Airdrops: Airdrops might be limited to a small group of users, making it more exclusive.
š¢ Risk of Becoming Another FTX: To avoid becoming the next FTX, they need to manage token supply carefully and retain users through vesting.
The Airdrop Situation:
As the pre-market listing approaches, there are mixed feelings. If users donāt see returns of around $60-$70 from 100,000 points after months of work, they may consider the project a failure.
The team needs to balance between giving value through airdrops and ensuring the projectās long-term sustainability.
My Take:
With a large user base and strong backing, $BLUM has potential, but don't expect immediate gains. For now, the price prediction sits around $30-$40 per 100,000 points.
Thank you #bullclub