The cryptocurrency market suffered some harsh blows in 2022, with many high-profile platforms smashed into the dust, leaving behind disappointment in their wake.
While it is crucial to apply what we have learned from history – we must turn our eyes upward toward a much brighter 2023 for crypto.
Bitcoin (BTC) and Ripple (XRP) are leading the weekly gains among the ten largest cryptocurrencies by market cap as their prices soared 11.2% and 9.7%, respectively.
These are the best results among the market’s most significant crypto assets, with the upcoming cannabis platform, BudBlockz (BLUNT), gaining 210% over the past week as it prepares to launch.
In this article, we are diving into these three currencies currently doing well in the crypto market to help you decide which is the best cryptocurrency to buy as we blast into 2023.
Many people see promise in decentralized finance when it comes to the cannabis industry’s limited access to financial services and accessibility.
By utilizing cryptos, these highly regulated companies can benefit from blockchain’s security and transparency, not to mention the ability to conduct transactions online.
BudBlockz (BLUNT) is a decentralized e-commerce platform set to provide an easy way for its users to navigate the cannabis market. Cannabis enthusiasts can easily buy and sell high-quality cannabis products for recreational and medicinal purposes securely and transparently.
In addition, BudBlockz will mint its NFT collection named Ganja Guruz. There will be 10,000 Ganja Guruz, which will be released on the OpenSea platform to enhance access and purchase.
Holders of the NFTs will be entitled to discount codes on cannabis products worldwide and be granted the opportunity to own fractional stakes in cannabis dispensaries and farms.
BudBlockz is planning to build its decentralized finance platform. Its BudSwap ecosystem will facilitate peer-to-peer exchanges among users in the network using its native token BLUNT.
Ripple is a decentralized technology that acts as a digital payment network for financial transactions. Ripple does not use blockchain technology but instead uses a more distributed consensus ledger consisting of validating servers and crypto tokens.
Ripple is an open-source protocol designed to enable fast and cheap transactions between two parties, disregarding the involvement of intermediaries.
The peer-to-peer platform seamlessly transfers fiat money, cryptocurrency, commodities, or other value units.
Ripple is a global payments network and includes major financial institutions and international banks among its customers. An XRP Ledger Transaction is very fast and can be confirmed within 5-7 seconds, with a minimum transaction fee of 0.00001 XP.
The lawsuit against this project is stunting its growth in the markets. Once the case is settled, Ripple’s native token might eventually climb above the $1 mark. Until then, the token could remain consolidated.
Bitcoin (BTC) is a digital currency that aims to eliminate the need for central authorities such as governments or banks. It uses blockchain technology to support peer-to-peer transactions between users on a decentralized network.
Transactions are authenticated through Bitcoin’s proof-of-work consensus mechanism, which rewards token miners for validating transactions.
Bitcoin was launched in 2009 by a mysterious developer or team of developers known as Satoshi Nakamoto. Bitcoin (BTC) was the first and remained the most valuable entrant in the emerging class of assets known as cryptocurrencies.
Each Bitcoin is a digital asset that can be stored in a digital wallet or at a crypto exchange. Each token represents the value of Bitcoin’s current price in the market, but you can also own partial shares of each coin.
The smallest denomination of Bitcoin is called a Satoshi. Each Satoshi is equivalent to a hundred millionth of one Bitcoin, so owning fractional shares of Bitcoin is very common.
Bitcoin rallied in early 2023, with the token skyrocketing more than 11% in 24 hours. The rally can be attributed to an easing in the US dollar that has kept other currencies under pressure since the start of 2022.
Ripple and Bitcoin are currently looking up, but BudBlockz provides exciting investment opportunities to investors as it plans to solve real-world problems in the cannabis industry, positioning itself for tremendous growth.
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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.