The market value of altcoins was 21% higher in July 2021, at $740 billion. The market leaders, Bitcoin (BTC) and Ether (ETH) had already made their marks, but the battle for third place was still ongoing, at least in terms of the total value.
Cardano (ADA) was valued at $46 billion, while BNB, the third-largest cryptocurrency, had a market cap of $47 billion. No alternative coin even comes close to matching its domination right now, and the difference has grown by more than $30 billion.
As a result, analysts must deduct almost half of BNB’s $50 billion market worth to compare its valuation to smart contract platforms. Due to its leadership among DApps users, third-place ranking in terms of TVL deposits, absolute control of exchange volumes, and third-place ranking in market capitalization (after stablecoins are taken into account).
The Rise of Tron and BudBlockz
Cryptomarket has had a long bearish movement since late 2021. Nevertheless, over time, several cryptocurrencies have shown to be effective investments, providing substantial returns for those who were able to hold and sell during price surges. Bitcoin still dominates the cryptocurrency industry, but other fascinating altcoins are attracting more and more investors. BudBlockz (BLUNT) and Tron (TRX) are two of the most promising projects in the cryptocurrency space for 2023.
BudBlockz
The Ethereum blockchain creates the BudBlockz ecosystem, which unites cannabis enthusiasts and supports using DEX and other Defi goods.
The community will use its native token, $BLUNT, for various functions. It will first function as a digital exchange, allowing users to buy and trade cannabis-related products and services.
Additionally, it will provide the NFT market liquidity and give farmers and dispensaries a chance to own a portion of their business. As a result, it will enhance the platform’s social features while advancing the marijuana industry.
The BudBlockz token’s users and holders can submit proposals, participate in discussions and elections, and have a say in how the ecosystem is developed. BudBlockz promotes a sense of community and offers a more decentralized, inclusive method of governance.
The private sale for BudBlockz has already sold out well before schedule, and the presale is still ongoing. It’s an excellent chance for cryptocurrency investors to participate in two industries expanding the quickest: marijuana and cryptocurrencies.
Tron
Tron has grown quickly to rank among the most well-known public chains in the cryptocurrency industry since its release on the market in 2017. With a market valuation of $6,559,451,006 and a total supply of 92,481,402,978 TRX tokens in circulation, TRX, the native asset of the Tron network, makes up the top twenty cryptocurrencies by market capitalization. As a result, it offers an excellent opportunity for long-term cryptocurrency investment and is one of the altcoins least affected by the bad market.
Tron’s overall goal is to offer a free, universal platform for watching digital content that offers the benefits of distributed storage technology and makes it easy for users to share digital content at a reasonable price.
Conclusion
While both of these tokens have tremendous promise, our top option is BudBlockz (BLUNT) because of its ecosystem and token use cases. Moreover, it is still in the early stages of development, giving investors plenty of time to become involved and optimize earning potential.
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
