Market dynamics and future forecasts
The total supply of Blum tokens is capped at 100 billion, with nearly 99.999997 billion tokens in circulation. A significant portion of this supply, 6 billion tokens, were allocated to airdrops, valued at approximately $1 billion. This airdrop represents 6% of the total supply, with each token valued at approximately $0.1667.
If the token manages to maintain this value after the airdrop, the market cap could potentially reach a staggering $16.67 billion. However, the price is expected to fluctuate due to the interplay of supply and demand. Market sentiment will also play a key role in determining the token’s price trajectory. Bullish sentiment could push the price up to $0.20 - $0.25, while bearish sentiment could see it decline to $0.10 - $0.12.
Long-term forecasts for Blum are even more speculative. While some experts predict a price of $50.00 per token by 2050, such forecasts should be taken with a large grain of salt. The cryptocurrency market is notoriously volatile, and a lot could change over the next three decades.
Stay tuned for updates! @VXLI
