2022 was characterized by a massive winter in the cryptocurrency space. Since Bitcoin made its all-time high in November 2021 (exceeding $65k), the highly-priced crypto asset began to make a sharp downturn from that point forward.
Bitcoin and other altcoins like Binance Coin (BNB) experienced a downward plunge in 2022, officially launching the entire cryptocurrency space into a bear market.
Amidst the uncertainty and indecisiveness plaguing the crypto space, BudBlockz (BLUNT) has piqued the interest of many investors.
BLUNT’s viability as a DeFi platform, and investors’ sentiment around the project, gave rise to 210% gains on the token during the pre-sale.
Like Bitcoin and BNB, BLUNT’s business model, token supply, and market cap have given the project room as a viable cryptocurrency with tremendous growth potential.
BudBlockz is the first of its kind, using blockchain technology to enhance and secure the general commercial activities carried out in the cannabis industry.
BudBlockz facilitates an enabling environment for cannabis entrepreneurs and corporations to efficiently carry out seed-to-sale tracking, data management, fundraising, and logistics.
The project’s native token, BLUNT, sells at $0.051. The BLUNT token will facilitate all transactions within the BudBlockz ecosystem. In addition, the token will also allow users to trade digital assets.
BudBlockz will use the Ganja Guruz NFT to verify eligible community members and connect investors to opportunities to purchase partial ownership of cannabis-based businesses such as farms and dispensaries.
Investors also have the chance to get in early on this fast-growing project by participating in their ongoing pre-sale round. Many analysts predict solid chances of the BLUNT token increasing in value and seeing returns of over 100X this year.
Like BLUNT, BNB is a crypto utility token primarily used for incurring discounted transaction fees on the Binance exchange platform.
The value of the Binance Token is directly connected to the success of the Binance Exchange company, which is the largest cryptocurrency exchange in the world as of today, processing over 1.7 million cryptocurrency transactions per second.
The Binance Token was built on the Ethereum blockchain (ERC-20 token standards) in 2017. The token, however, evolved into a derivative of the Binance Chain.
As BNB’s value proposition relies heavily on vast and transactional volumes in the crypto market, there is little wonder why it experienced a downturn last year alongside other significant cryptocurrencies. The crypto winter has caused BNBs’ volume to drop nearly 50%.
As the first cryptocurrency to enjoy massive adoption, Bitcoin paved the way for all other decentralized currencies and tokens we have today.
At its core, Bitcoin aimed to decentralize the financial industry and bypass financial institutions’ roles in creating, distributing, and trading currencies using a ledger system known as the blockchain.
As of today, bitcoin has a market cap of $444 billion, representing about 40.75% of the whole cryptocurrency market. This vast market cap secures bitcoins as the father of other cryptocurrencies.
Over the years, Bitcoin has had to undergo many price fluctuations. This remains the most uncertain factor for even the savviest investors.
Bitcoin and BNB are great acquisition choices, but many see them as that ship has sailed; that makes them interested in high-potential utility tokens like BLUNT.
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Purchase or learn more about BudBlockz (BLUNT) at the links below:
Official Website: https://budblockz.io/
Presale Registration: https://app.budblockz.io/sign-up
BudBlockz Community Links: https://linktr.ee/budblockz
Disclaimer: This is a sponsored article, and views in it do not represent those of, nor should they be attributed to, ZyCrypto. Readers should conduct independent research before taking any actions related to the company, product, or crypto projects mentioned in this piece; nor can this article be regarded as investment advice.
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- Source: https://zycrypto.com/budblockz-blunt-beats-bear-market-emerges-as-a-top-choice-like-bnb-and-btc/