There is a lot of optimism surrounding cryptocurrencies at the moment, with many analysts starting to believe the ‘crypto winter’ is ending. There has been a general uptick in the markets, with tokens like ApeCoin (APE) and Solana (SOL) seeing notable rises.
There are several reasons for this, some of which should see more sustained rises, while others might just be the result of improved confidence.
For example, ApeCoin, the token for the Bored Ape Yacht Club community, surged in line with other Metaverse tokens – although they have since cooled slightly. Over the longer term, APE’s potential remains positive as the Metaverse gains traction and its use becomes more commonplace. However, the recent price movements seem to result from a bullish market rather than the start of a longer-term rally.
Solana’s native token SOL has likewise enjoyed a price spike, but again, most metrics suggest this was a reaction to general optimism. The Relative Strength Index (RSI) indicates it is overbought and suggests it has possibly peaked – at least for now.
In contrast to APE and SOL, there’s BudBlockz. When its Private sale ended on September 12th, investors earned an instant 40% profit. During the Private stage, the BudBlockz native token BLUNT sold for $0.015 with 26,880,000 tokens on offer.
The BudBlockz Private sale has been a huge success and reflects positivity about its ecosystem and potential rather than a reflection of the market. There are three Presale stages running from the 12th of September to the 4th of December, with the BLUNT token officially launching on the 5th of December.
BudBlockz’s situation differs from ApeCoin and Solana in several ways, giving it both short- and long-term advantages. BLUNT is built on the Ethereum blockchain so it will benefit from the Merge and the expected boost to all ERC20 compatible tokens. It will also benefit from the improved efficiencies and security that are expected to follow.
Another benefit is the appeal of the platform and its rapidly growing community. BudBlockz is an ecosystem designed to support the cannabis industry, and BLUNT holders receive multiple rewards and benefits. This includes the ability to buy, sell, and trade marijuana products on its decentralized marketplace with encrypted peer-to-peer purchases.
In addition, the token acts as governance. This means BLUNT owners and DAO members can vote, make proposals, and have a say in the platform’s direction.
A significant advantage of BLUNT and the BudBlockz platform is that they grant exposure to the rapidly expanding cannabis sector, predicted to be worth more than US$176.5 billion by the end of the decade. Furthermore, the platform allows investors to buy fractional ownership of related businesses, like dispensaries and farms, regardless of local regulations. They will also receive the latest information about the cannabis sector and future investment opportunities.
While ApeCoin and Solana have great potential and recently saw price spikes – likely temporary – BudBlockz is by far the more attractive investment right now. The discounted Private sale might end tomorrow, but even the new price is a bargain.
>> Purchase BLUNT tokens here <<
Learn more about BudBlockz (BLUNT)
Official Website: https://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
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Source: https://coinpedia.org/information/budblockz-investors-gain-40-as-the-private-sale-closes-apecoin-solana-trail-behind/