Diversification is an essential strategy when considering spreading risk in the financial markets. The strategy is highly recommended when dealing with cryptocurrencies that can be extremely volatile and subject to significant wild swings. Investing in various tokens presents an opportunity to protect an investment portfolio against the ups and downs of the market. Chainlink, Polkadot, and BudBlockz are some of the few coins for diversifying a crypto portfolio and riding out the current uncertainty.
Chainlink Data Distribution Opportunity
In an era where data security and privacy are vital, Chainlink is turning out to be an ideal project with tremendous potential. The peer-to-peer oracle network has set out to provide real-world data to smart contracts which execute automatically when certain conditions are met.
Whenever a smart contract on the blockchain needs data, Chainlink checks out the reputation of all the oracles looking to provide the data. Thus ensuring that only reliable data is shared. Therefore, the peer-to-peer network ensures that only accurate and reliable data is used to perform the most important tasks.
Chainlink prospects are looking increasingly bright as it moves to bridge the gap between smart contracts and the outside world. Its solutions will become more valuable as blockchain technology and smart contracts become more integrated into the global economy. In the future, its blockchain could be used to validate the pricing of stocks and cryptocurrencies in exchanges.
Polkadot Blockchain Interoperability Prospects
On the other hand, Polkadot is one of the most innovative and secure networks. It’s becoming increasingly popular and valuable in its ability to allow different blockchains to communicate with one another and work together.
While blockchain interoperability has always been a big problem, Polkadot is looking to change all this to allow people to enjoy the full benefits of all blockchains. As the need for different blockchains such as Ethereum, Bitcoin, and Cardano to work together grows, Polkadot is expected to elicit strong interest, which should see its native token DOT flourish.
BudBlockz Multi-Utility Project
BudBlockz, on the other hand, is a blockchain and crypto project on the cusp of disrupting the cannabis sector in ways not seen before. It is the world’s first decentralized e-commerce platform seeking to enhance the purchase and sale of cannabis products. In addition, it has established an open and fair trade environment to enhance the trading of cannabis products.
$BLUNT token powers the BudBlockz ecosystem acting as a medium of exchange. It also doubles up as a governance token giving holders the right to make proposals and vote on different issues pertaining to the blockchain.
Amid the push to legalize and decriminalize cannabis in the US and worldwide, demand for platforms that allow people to access cannabis products securely and privately is expected to grow. Consequently, BudBlockz stands to enjoy the first-mover advantage. While the project is still in the presale stage, it has already attracted lots of attention from investors led by Bitcoin and Ethereum whales.
Bottom Line
Sentiments in cryptocurrency have turned sour after the FTX exchange implosion. However, it does not mean that the sector is doomed forever. Projects like BudBlockz, looking to build a community around the cannabis industry, Polkadot looking to enhance blockchain interoperability, and Chainlink are solid picks amid the uncertainty in the industry.
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
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Source: https://www.thecoinrepublic.com/2022/11/16/3-cryptos-to-gain-x10-returns-in-2023-chainlink-polkadot-budblockz/