The cryptocurrency market has reached some of its lowest points so far, often referred to as the crypto winter. However, one benefit of the crypto winter is that investors may buy cryptocurrencies with the potential for explosive returns at a discount. Below, you’ll find the latest updates about BudBlockz, Stellar, and Polkadot and whether they are expected to show high growth in the long term.
BudBlockz (BLUNT) – NFT Collection & P2E Gaming
BudBlockz is currently in its second presale stage, which is to finish on the 20th of November and will be followed by the final stage, which will finish on the 4th of December. As of this writing, over 40 million BLUNT tokens have already been sold, marking one of the most explosive cryptocurrency projects to date.
BudBlockz has been eagerly awaited by investors from all over the world. Apart from positioning itself as a safe, secure marketplace where users can buy and sell cannabis products using BLUNT tokens, BudBlockz is a more inclusive project. BLUNT owners may access fractional ownership opportunities via the NFT marketplace and use the token to obtain bundle deals. Once listed on prominent exchanges, BLUNT will also be available for purchase via credit or debit card.
BudBlockz has news for gamers, as well. BudBlockz Arcade is a collection of retro games where gamers can earn BLUNT tokens while playing their favorite games inspired by Sega Genesis, NES, and SNES. The BudBlockz gaming platform allows individuals to participate in crypto competitions where they can also earn ETH and NFTs, apart from BLUNT tokens.
Binance Makes a Move Against Struggling Stellar
Advertisement
In the past month, Stellar has been increasing by more than 7% in the past month, but it is still a downtrend year-to-date. Stellar Lumens used to be the fourth largest token (XLM) by market cap, but since then, it has lost a lot of market share and interest among investors.
Its price crashed by more than 50% this year, and the recent developments may not be as optimistic as some would hope. A key driver is Binance, known as the biggest crypto exchange in the world, which converted USDC to Binance USD. USDC is one of the main use cases of Stellar. Hence this could be a detrimental move against the future viability of Stellar.
Is Polkadot Drowning?
Polkadot protocol essentially allows blockchains to communicate with each other, enabling secure data flow. It uses parachains, or parallel blockchains, while the token (DOT) is both a governance token and a source of passive income as it can be staked.
The latest data show that development activity for Polkadot has been increasing in Q3. As the Polkadot team releases many updates, the adoption of $DOT in the next period is expected to increase. However, in the past 12 months, Polkadot is still about 82% down, which may not be good news given the fact that the crypto winter still rolls on, and the token is more than 88% below its all-time high.
Bottom Line
Advertisement
All in all, the crypto market is still in a downtrend, but this could be one of the best moments to buy the next big crypto project. While some of the older projects like Stellar and Polkadot are lagging behind, BudBlockz is perhaps one of the most exciting projects in the crypto world – poised to be not only the biggest decentralized market for cannabis but also the largest cannabis community for investors, consumers, and even gamers.
