If Blum is supported by Binance, that significantly boosts its potential. Binance's backing often lends credibility and trust to projects, given its status as one of the largest and most reputable cryptocurrency exchanges. Binance's support usually means the project could have:
Increased Visibility: Blum would likely gain more exposure, attracting a larger user base and liquidity.
Better Security and Compliance: Binance typically vets the projects it supports, which adds an extra layer of confidence.
Potential for Listings: Being supported by Binance could mean Blum may eventually be listed on Binance's exchange, which could lead to a significant price increase.
However, always consider the project fundamentals before making any decisions, as market trends can be unpredictable