The market blues in the past few weeks left many coins in the red, and ADA was no exception. While only time will tell if ADA will halt its slide, check out the following sections to find out what you should expect from Cardano in the near future and how BudBlockz continues to rally in the middle of the crypto winter.
Can Cardano (ADA) Beat the Bear Market?
Cardano is a platform where transactions are conducted using the native token, ADA, similar to the Ethereum network. The platform aims to become the “Internet of Blockchains,” initially built as an improvement to the existing Ethereum. One of the key features that fueled its early adoption and popularity was the minimization of energy expenditure during block production.
Investors who may want to go long on ADA should be wary of the drop in development activity over the last month. The coin is also at its lowest point since early 2021, wiping away all the gains (about 800% from February to September 2021).
On the good side, despite the massive crash, Cardano’s main NFTs, SpaceBudz, and the Ape Society have been on the rise in terms of revenues and volume. In addition to this, Cardano has recently partnered with Algorand, a strategic move expected to benefit ADA in the long run.
BudBlockz (BLUNT) Rallies Amidst Crypto Winter
BudBlockz is the first decentralized platform dedicated to weed enthusiasts. It facilitates secure, peer-to-peer transactions between buyers and sellers and comes with an NFT marketplace where token holders obtain fractional ownership in cannabis dispensaries and farms.
While ADA keeps struggling in the fight that the bears seem to win, not all projects have been subject to the crypto crash. In fact, BudBlockz has become a favorite among many crypto owners. Its diversified real-life use cases, scalability, and community that brings together consumers and businesses from all over the world have turned BudBlockz’s BLUNT tokens into the best presale of this month, eclipsing other well-established coins like ADA.
With the official launch date in early December, more than 43 million tokens have already been sold, raising in excess of $1 million dollars. With the legality of cannabis becoming a reality in more and more countries, BLUNT token owners stand to benefit from a growing industry that is expected to reach $175 billion by the end of the decade.
In the long run, it’s all down to whether ADA will be able to overcome Ethereum’s popularity, market cap, and the number of users. However, Cardano is currently valued at around $12 billion, while Ethereum reached half a trillion dollars in the last bullish run, and is currently valued at around $156 billion.
As for BudBlockz, it benefits from the first-mover advantage in the nascent marijuana industry. Investors looking to add coins to their crypto wallet for the long run may see their investment skyrocket as the weed-centric platform becomes the most popular decentralized platform for buying and selling cannabis and investing in cannabis dispensaries and firms.
Learn more about BudBlockz (BLUNT) at the links below:
Official Website: https://budblockz.io/
Presale Registration:: https://app.budblockz.io/sign-up
Telegram Group: https://t.me/BudBlockz
Discord Server: https://discord.gg/s7hBFgvTmN
All BudBlockz Links: https://linktr.ee/budblockz