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Crypto valuations have tanked significantly owing to a bear market run that began last year. While every cycle often comes to an end, the big question is which project will bounce back and generate significant returns once the poor run ends. BudBlockz is one project showing prospects of surpassing Litecoin and Chainlink next year.
Litecoin Superfast Transactions
Launched in 2011, Litecoin is one of the oldest altcoins at the forefront of fueling super-fast and low-cost transactions. In its early years, it ranked as the second largest cryptocurrency as it came into being using Bitcoin source code. Its ability to complete transactions quickly and cheaply has made it a perfect fit for the global financial sector.
Litecoin relies on blockchain technology to facilitate money transfers in a low-cost and expeditious way. While it is not the fastest digital currency among the mega cryptos, it is an excellent option for people looking to transfer significant sums of money. As a result, it is often touted as one of the projects well poised to be adopted in the mainstream financial sector. Nevertheless, it faces stiff competition when processing transactions on the blockchain.
Chainlink Interoperability
Like Litecoin, Chainlink has been a bright spot in the burgeoning sector, given its ability to link blockchains to the outside world. By acting as a middleware, it’s been able to connect smart contract platforms with external data sources, enabling fast transfer of real-world information.
As blockchain becomes widely adopted in the mainstream sector, Chainlink stands to be one of the biggest beneficiaries. For instance, its blockchain can provide and validate smart contract data on financial markets, weather, and even sports results. Nevertheless, its utility is quite limited and also faces stiff competition.
BudBlockz Competitive Edge
BudBlockz, on the other hand, has carved a niche in addressing a significant issue plaguing the multi-billion cannabis industry. It established a first-of-its-kind decentralized cannabis platform allowing cannabis enthusiasts to trade top-quality cannabis for recreational and medical purposes.
For the longest time, there has not been a platform that enables the buying and selling of cannabis in a secure and decentralized way. BudBlockz is looking to change all this as demand for top-quality cannabis products grows. People will need $BLUNT, the network’s token, to buy and sell cannabis in the ecosystem.
BudBlockz stands to generate significant value while providing easy access to cannabis products, given the market opening up worldwide. Therefore, it is well-positioned to be an alternative to large corporations looking to sell marijuana.
Additionally, it has moved to strengthen its native token $BLUNT utility by offering non-fungible tokens. The 10,000 NFT tokens will give holders access to cannabis markets across the globe. Additionally, they will allow people to own fractional stakes in cannabis farms and dispensaries.
Bottom Line
BudBlockz has shown it has what it takes to get ahead of Litecoin and Chainlink, going by its growing utility around cannabis and non-fungible tokens. As the focus shifts to little-known projects with tremendous potential, BudBlockz stands to be one of the biggest winners.
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