Dogecoin had what can only be described as an epic and eventful 2021. Throughout the year, DOGE shot up in price and then dropped just as dramatically – frequently in response to tweets from Elon Musk.
DOGE started 2021 trading at $0.005. In February and March, that leapt to around $0.05 to $0.07. In April, things went crazy as the prices spiked and dipped, then spiked again. The value continued to rocket and peaked on May 8th at $0.73. Any investors who had hung onto their coins from the start of the year had found their moonshot crypto and made a lot of money.
For the rest of the year, DOGE traded between $0.2 to $0.3. Unfortunately, like many cryptos, 2022 has seen a steady drip downwards. It is now down over 90% from its peak, and the outlook remains pessimistic.
This leads many investors to wonder about the next true crypto moon shot will be, with many pointing to BLUNT, the token for the emerging BudBlockz ecosystem.
BLUNT has recently entered presale after selling all the allotted 26,880,000 tokens available for private sale. The token price rose 40% the moment presale began, and it seems likely that the value will continue to grow.
There are a lot of factors in BudBlockz and BLUNT’s favor. BudBlockz is an ecosystem built on the Ethereum blockchain that supports the cannabis sector and related businesses. It is the world’s first asset-backed NFT for marijuana products and provides a secure encrypted marketplace where people can buy, sell, and exchange cannabis products.
In addition, token holders receive several perks, rewards, and privileges. For example, BLUNT acts as governance for the platform, so holders can vote and make proposals, directly shaping how the ecosystem evolves.
However, one of the primary appeals of the token and platform at these early stages is the industry with which it is so closely involved.
The platform works and partners with marijuana farmers, dispensaries, and cafes, helping boost the industry while benefiting from its success. For example, a BLUNT token holder has the opportunity to buy fractional ownership of a cannabis business. This means that regardless of location, investors can gain direct exposure to the sector, which is predicted to be worth US$176.5 billion by the decade’s end.
This is a strong draw for investors who see the industry’s vast potential but live in jurisdictions where marijuana has yet to be decriminalized. However, those in legalized areas benefit too, as the more the industry grows, the more profits they will make. As more and more countries make cannabis legal, BLUNT and BudBlockz will be ideally positioned to profit. As the marijuana sector continues to grow, so will the value of BLUNT.
The opportunity for investors to gain simultaneous exposure to a popular new crypto and the cannabis market has resulted in high demand. Being on the Ethereum blockchain provides the further advantage of easy access and the ability to use DEX and other DeFi products. The ‘merge’ will also give a nice boost.
There are so many factors in BudBlockz’s favor – both short- and long-term – that it makes BLUNT a strong contender for the next true crypto moon shot. So it is best to get in quick.
Learn more about BudBlockz (BLUNT)
Official Website: https://budblockz.io
Telegram Group: https://t.me/BudBlockz
Discord Server: https://discord.gg/s7hBFgvTmN
All BudBlockz Links: https://linktr.ee/budblockz