Cryptocurrencies are unstable as the market is constantly advancing and changing. Multiple undervalued coins are creating ripples now, which can be attributed to the bear market. Traders are introduced to new cryptocurrencies every other day. But experts believe by investing in promising projects, such as BudBlockz and PolkaDot, traders can make impressive gains in the future. This blog will discuss why you should invest in these two profitable coins by the end of the year.
Polkadot is Trying to Solve Big Problems
Polkadot is a new cryptocurrency that is gaining momentum with time. It is the next-generation blockchain aiming to advance a heterogeneous multi-chain framework. The cryptocurrency presents itself as being distinctive. Its cryptocurrency has gained significant popularity over the years because of its partnership with financial institutions worldwide, high market cap, energy efficiency, and fast transactions.
Newcomers might get an insight into what the technology is all about from its name. The blockchain enables the transfer of wealth and data between previously incompatible networks. So, the fabric pattern is known as Polka Dots. Its native token addresses several drawbacks that blockchains currently experience, including security and scalability. The project links various blockchains by using interconnected computers with internet access.
What makes Polkadot stand out is its decentralized features, security, and speed in a trustless environment among competitive blockchains. So, here is why you should invest in Polkadot by the end of 2022.
- Potential to Grow
Digital currency is now more prevalent than before. Polkadot can take over more established rivals when it comes to market share. Since they can displace Ethereum users, a few cryptocurrency speculators take these emerging blockchain networks as ‘Ethereum Killers.’
- Greater Hype
Cryptocurrency is grabbing more interest from investors as it is more captivating and comes with more potential uses. For instance, blockchain developers can create new or join already existing blockchains using the Polkadot platform.
Polkadot is a significant development in the world of the cryptocurrency industry. It shows that people are interested in and engaging in promoting and advancing cryptocurrencies. Thus, it showcases rapid growth in the industry.
- Scalable
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It is a cryptocurrency that can manage over a thousand transactions every second. Since it is fully operational, it should have a throughput of more than 1,000,000 TPS. Thus, Polkadot can solve any problem of scalability. The issue of blockchain scalability is because of the constant growth of the nodes. Even though blockchain technology has been available for over a decade, scalability problems can restrict its potential for adoption.
BudBlockz is Predicted to Skyrocket in 2023
BudBlockz is another promising cryptocurrency that is still in its presale stages. This cryptocurrency targets the cannabis industry. BudBlockz works on innovations for driving a new marketplace model for the industry.
Check out the four reasons to invest in BudBlockz in 2022.
- Access to Peer-to-Peer Trading
BudBlockz gives users access to investment in the industry through shares in cannabis farms and dispensaries. It also lets users sell or buy through a peer-to-peer marketplace model. Since the cannabis industry is being decriminalized with time and medical use of cannabis is gaining acceptance, investment in BudBlockz this year can yield higher returns.
- Access to BudBlockz’s NFT Collection
BudBlockz is developing a diversified marketplace where traders can access Ganja Guruz NFT. If you plan to hold Ganja Guruz NFT, you can enjoy exclusive benefits, such as partial ownership of farms and dispensaries, membership in dispensaries worldwide, and discounts on different products.
- Access to Decentralized Finance
Traders can use $BLUNT tokens to engage in the DeFi space and make some passive income. BudBlockz wallet lets users make payments easily by just clicking a button and engaging in DeFi through BudSwap, an upcoming decentralized exchange. Instead of depending on decentralized exchanges or third-party wallets, BudBlockz builds its wallet solutions and marketplaces. It gives users more control over their assets.
- Greater Accountability and Transparency
The BudBlockz token has a vesting period to ensure no rug pulls. Every unsold token will be burned to reduce supply. It will help in increasing the prices at a later stage. But the presale tokens will not be subjected to a vesting period. So, all users get their tokens on the launch date.
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The tokens are also audited by third parties, such as SolidProof and Solidity Finance, to ensure complete transparency. BudBlockz is developing e-commerce solutions for the marijuana industry that doesn’t have access to a dedicated marketplace. $BLUNT, through blockchain technology, will enable users to pay for cannabis products. As the presale price is really low, you can gather a large quantity of the new cryptocurrency, potentially delivering big profits.
Bottom Line
BudBlockz and Polkadot are still new, and have great potential to become the leading cryptocurrency in 2023. Many investors have already invested in these cryptocurrencies. Investing in these cryptocurrencies can give you a big return if you prefer taking risks. The goals of these two cryptos, especially BudBlockz, have been so loud that analysts predict that it can become the next Bitcoin. Polkadot and BudBlockz seek to use the innovation of blockchain technology with cryptocurrency to offer solutions and erode some challenges.
