It is no longer news that the crypto market is in its bear phase. Since late 2021 the cryptocurrency market has been witnessing a continuous decline in the value of digital assets and a reduction in crypto transactions and overall market cap.
The price value of Bitcoin (BTC) stood at about $68,000 in November 2021 and as of October 2022 the price is hovering around the $20,000 mark. This shows about a 70% decrease in value. The state of things has made investors weary about the immediate future of the cryptocurrency market. What could possibly be a bullish investment in this bearish period? Here’s one, a great one at that! The BudBlockz token, $BLUNT.
It would interest you to know that this token is just in its presale period and it is already taking significant strides toward greatness. Below are some of the reasons why $BLUNT is considered the champ of the crypto bear market.
The BudBlockz token ($BLUNT) is an utility token. Utility tokens are known to be one of the fastest-growing tokens in cryptocurrency world. For a coin like $BLUNT, built for several purposes and running on the Ethereum blockchain network, the growth rate witnessed so far easily surpasses market averages..
The BudBlockz project is developed for real-life use cases. This project aims to ride on the wave of renewed energy toward cannabis legality and to create a decentralized market for the cannabis industry. Interestingly, you can own the coin, use it to exchange for other tokens, and make purchases of Cannabis products with it.
It has been announced that the project will soon release the first of many Budblockz NFT collections. For BudBlockz’s first collection 10,000 Ganja Guruz NFTs will be minted and made available to investors, digital artists, and enthusiasts.
The BudBlockz token is considered to be immune to inflation because of its limited fixed supply figure. There will only be 420,000,000 units of $BLUNT in circulation of which almost a third are expected to be sold in presale.
Being immune to inflation is useful outside of the crypto world. Recently we have seen several countries across the globe battling inflation; individuals and investors in these countries are looking for various financial instruments to serve as a hedge against inflation. The $BLUNT token is a viable instrument that can serve such a purpose.
Not only that, the $BLUNT token can be a good store of value. It’s safe from the effects of depreciation. Neither will it be obsolete. A long-term investment in $BLUNT will pay you an appreciated ROI. Early investors have already seen more than 75% growth in the value of their tokens.
Learn more about BudBlockz (BLUNT) at the links below:
Official Website: 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