The cryptocurrency ecosystem is constantly evolving and growing, despite its extreme volatility. Investors come into the ecosystem with high hopes and high expectations for the market, with many looking to become millionaires quickly.
Occasionally, cryptocurrency analysts and experts survey the market and charts to inform investors about cooperative investment projects. The projects that could prove helpful in keeping their portfolios afloat show investors that even in a plunging market, it is possible to make a profit.
Looking at the current market state, with several coins yielding losses and Bitcoin (BTC) reaching an all-time low, a few projects and their tokens have been greens on the charts. Dai (DAI) and Tether (USDT) are stablecoins that have managed to keep many in profits, and investors suggest that the relatively new BudBlockz (BLUNT) can do the same.
This article details how these tokens possess the financial utility of investors’ dreams.
Dai (DAI) Stabilizing the Portfolios of Investors
Dai (DAI) is a significant stablecoin introduced to reduce volatility, unlike unpegged cryptocurrencies like Bitcoin. This cryptocurrency ran on the Ethereum blockchain and was developed by the MakerDAO Protocol. DAI, as a token, is a decentralized stablecoin that aims to keep its value near or equivalent to $1.
Dai (DAI) and many other stablecoins solve specific issues in the ecosystem. For example, there was a problem with adopting cryptocurrencies for transactions due to their high volatility. It is because no one wants to pay with a currency that could decrease in value quickly.
Tether (USDT) is a Token Every Portfolio Should Possess
Tether (USDT) is the largest stablecoin by market capitalization and was one of the first cryptocurrencies to attach its market value to a fiat currency. Originally called “Realcoin,” Tether values each token at $1 to reduce the friction of moving real currency throughout the ecosystem. Due to its peg to a stable fiat currency, Tether and similar cryptocurrencies have been dubbed “stablecoins.”
The issuer of this ERC-20 token, Tether (USDT), claims that bank reserves and loans widely support USDT. It aids in facilitating the liquidity of USDT circulating in the market. It has, in turn, yielded significant gains for investors. Investors can protect their profits by converting their earnings to stablecoin, USDT.
BudBlockz (BLUNT) is a Must Have Investment
BudBlockz (BLUNT) is a recent addition to the blockchain and crypto ecosystem that serves the cannabis industry. It is a digital eCommerce and NFT platform that seeks to facilitate the adoption and sensitization of the cannabis industry.
BudBlockz (BLUNT), as an eCommerce platform, is one where weed lovers can purchase their favorite products safely, securely, privately, and legally. BudBlockz is the first token-backed NFT platform that seeks to improve the cannabis industry.
BudBlockz has a peculiar NFT collection known as the Ganja Guruz. This NFT collection has features similar to games developed in the 1990s. With Ganja Guruz NFT, users can make passive income from profits.
Ganja Guruz and $BLUNT token holders are granted access to purchase business stakes across the platform. These may include stakes in cannabis products, farms, and also dispensaries.
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.
