As the year draws to an end, many are looking for cryptocurrencies set to rise next year. Here are three you should consider adding to your portfolio before 2023.
BudBlockz is the new kid on the block, and its token, BLUNT, is still in presale. However, it has already attracted a lot of attention, with its private sale selling out a week early. This appeal stems from its links to the highly popular cannabis sector.
The platform is designed to support the marijuana industry and benefit from its growth. Since analysts predict the sector will be worth over US$176.5 billion before the decade’s end, this seems like a great approach.
BudBlockz is on the Ethereum blockchain and provides an e-commerce platform where users can securely buy, sell, and trade cannabis products while receiving discounts and promotions. This alone is making it popular, but a lot more is planned over the coming months to further drive up its value.
BudBlockz will be releasing 10,000 Ganja Guruz NFTs on Opensea. There will be a DEX called BudSwap, where users can swap BLUNT for other ERC20 tokens. In addition, there will be a P2E platform where top scorers are rewarded with BLUNT tokens.
Further driving the price of BLUNT and the NFTs are opportunities for investors. For example, the token can be used for staking and governance. Also, there are opportunities for percentage ownership of cannabis businesses. This means investors can gain exposure to the rapidly expanding marijuana sector, a fast-selling token, and NFTs in one place.
As BudBlockz is so new, it has the potential to rise a lot faster, and 2023 is going to see it explode in value. So it is a good idea to get involved now.
Avalanche is a popular layer-1 cryptocurrency that supports smart contracts and tools for developers to create and run decentralized apps (dApps) on its blockchain platform. It uses a Proof-of-Stake (PoS) protocol that allows scaling, efficiency, and blisteringly fast speeds.
The smart contracts are written in the Solidity language, the same one used by Ethereum. This increases interoperability, with developers on Ethereum also able to launch dApps on Avalanche’s blockchain and take advantage of its speed and efficiency.
Its token AVAX acts as governance, distributes rewards, and powers transactions in the ecosystem. Its price is consequently linked to how many people use Avalanche – and as the platform already hosts hundreds of projects with more joining all the time – the future is looking good.
Cardano is a blockchain platform similar to Avalanche and Ethereum. It has adopted a research-based approach and has been developed by engineers, cryptographers, and mathematics, along with one of the initial founders of Ethereum. This collaboration has resulted in an ‘Ouroboros Proof-of-Stake’ cryptocurrency that was peer-reviewed by academics and scientists before launch.
Like Avalanche, it has been dubbed an ‘Ethereum killer’ due to its speed. Although it is still in its early stages, the developers say they are aiming for a million transactions a second. Many believe this is possible, given the extensive research that went into the platform.
Cardano’s goal is to become a global financial operating system by establishing DeFi products and improving blockchain interoperability. Its token, ADA, fuels the blockchain. Given the talent behind it and the fact Cardano is one of the top ten cryptos by market cap, many investors think it can achieve its goals. 2023 promises to be a good year for the cryptocurrency.
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
Ruby is a content editor and writer who has been creating content in the finance space for 4 years. Ruby attended the University of Winchester where she received an upper second-class honors degree.
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