Cryptocurrencies are primarily unstable, as the past few weeks have shown. But the frigid crypto winter has also opened the door for undervalued coins to light a fire. Now and then, new cryptos are launched to solve any existing or projected issues in the crypto market. The pioneers behind the projects have startling ambitions that these coins will make their way up the food chain to become the most revered in the industry.
But before any such dreams are achieved, investors have to take a liking to the project by continually infusing in it, believing that they will reap astronomical rewards in the future. So as investors scratch the surface searching for the next Bitcoin or Ethereum, many projects have come into the fold. Among the bunch are Moonbeam and BudBlockz.
These two have piqued the interest of many investors, and many crypto experts believe they are sleeping giants. Here is a detailed look at Moonbeam and BudBlockz and what they bring to the crypto market in 2023.
Crypto experts believe the platform is a revolutionary bridge between the burgeoning cannabis and crypto industries. The platform aims to reduce the business gap between cannabis sellers and legal marijuana subscribers. And one of the reasons many are placing their money on the BudBlockz horse is because they believe the project will advance the industry.
The cannabis industry is believed to be among the world’s fast-growing sectors. And with several countries joining the illustrious list of those that have legalized cannabis, the industry is snowballing its way into society and the investment landscape. According to MARKETSANDMARKETS, the cannabis market is predicted to grow to $82.3 billion by 2027.
BudBlockz was released into the crypto market in October 2022 and has since attracted the attention of crypto users. The platform incorporates NFT and blockchain technology to make it more user-friendly. In addition, the decentralized ecosystem that runs on the Ethereum network offers its users private and secure access to the growing global cannabis market.
Its native token, $BLUNT, is a private, profitable, and secure token used to trade on the platform. The token built on the ERC-20 standard is one of a kind as it is used by dispensaries, cannabis farms, factories, and other cannabis-related businesses incorporated into BudBlockz’s protocol. The token is always deflationary because the platform burns tokens to keep a reasonable price rise for $BLUNT.
Another market player that has charmed the hearts of investors is Moonbeam. Moonbeam is a smart contract platform that unites the functionality of Polkadot, Ethereum and others. It means developers can leverage the platform to create decentralized applications compatible with Ethereum and Polkadot.
Its native coin, $GLMR, is a smart parachain on Polkadot that is also compatible with Ethereum. Parachains are defined as independent blockchains on Polkadot (a project essentially known as the blockchain of blockchains). The creators of Moonbeam created the platform to aid developers who wanted to leverage multiple features across different blockchains. There is also a related parachain for Moonbeam on the Kusama, allowing developers to fine-tune products before launching them on Moonbeam.
As crypto adherents look to diversify their portfolios, promising projects such as BudBlockz and Moonbeam are becoming the revered path for many. As a result, the investment strategy of backing established coins is no longer viable, and many are supporting the new projects to kick-start a much-needed bullish run.
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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.