As the crypto world tries to recover from the collapse of FTX and the growling bearish market, traders are locked in a battle to find the next significant token. It is safe to say that no one so this coming. A year ago, crypto was booming, and prices of big tokens such as Bitcoin and Ethereum were at an all-time high.
The market was so lucrative that even celebrities were stumbling over one another to get in on the action. However, the sudden turn of events coupled with the disastrous collapse of FTX has thrown a spanner in the works of investors. Even Bitcoin and Ethereum are no longer sitting pretty.
With times this frigid, many names are being thrown around as the following projects to get on a bullish trend. However, three cryptos stand out as the most likely to kindle the frigid industry. Here is a detailed look at Kusama, BudBlockz, and Gala and what they bring to the table.
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BudBlockz
BudBlockz is undoubtedly the first of its kind in the crypto space. The decentralized ecosystem running on the Ethereum network was purposefully built for marijuana enthusiasts. The platform allows users to securely and confidentially access the global cannabis market. BudBlockz is a promising and practical project that could pick traction in 2023.
The cannabis market is undoubtedly burgeoning, and the number of countries that legalize the use of cannabis continues to grow. The global cannabis market was estimated at $22.5 billion in 2021 and is expected to reach $83.3 billion by 2027 (24.3% CAGR from 2022 to 2026). Therefore, it is safe to say that BudBlockz has practical implications.
Users can safely and privately secure cannabis and, more importantly, enjoy discounts from dispensaries and e-commerce stores in areas where cannabis is legal. $BLUNT is the native token of BudBlockz and is the means of exchange between platform users and cannabis e-commerce stores. In addition, the token also regulates the system to ensure transparency for everyone using the cryptocurrency.
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Kusama
As more developers dip their toes in the choppy crypto waters Kusama could be much more useful in 2023. The project is a pre-production environment that runs on the unaudited release of the Polkadot ecosystem.
Kusama allows developers to test early versions of Polkadot projects in a live and realistic environment. It is a critical component of the Polkadot ecosystem, as it provides for major code releases to be thoroughly vetted before hitting the market on Polkadot. Despite being primarily a “Canary network,” Kusama’s native token, $KSM, is not an ERC20 token as the project utilizes its blockchain technology.
Gala
Another token that is raising eyebrows in the crypto winter is the Gala. Gala is an Ethereum-based gaming platform that offers an unusual way to play games and earn rewards. And whereas it is still in its early stages, the project has already piqued the interest of gamers and crypto enthusiasts.
Gala’s native token is $GALA. It is a unique crypto that can only be earned through games in the Gala ecosystem rather than being mined like other currencies. In addition, gala uses a play-to-earn model, which means that the more you play, the more you earn.
Conclusion
Investors are now looking at BudBlockz, Kusama, and Gala as the most promising projects due to the exceptional use cases they bring to the market. BudBlockz’s unique position as a bridge between the crypto market and the growing cannabis sector gives it an edge over the rest.
Use promo code: BUYBLUNT for a 20% bonus on your purchase. Valid until January 31st.
Purchase or 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
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
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Source: thinkbitcoins