The cryptocurrency market is full of ups and downs, coins are always losing value and then appreciating again, often within short timeframes. Although investors are well aware of the massive price swings in the crypto space, they still prefer coins that show more stability in the long run as they are more reliable. BudBlockz is a new crypto project that is proving to be more reliable than older coins such as Terra Luna.
What Is BudBlockz?
BudBlockz is a cannabis-centric platform seeking to unite cannabis users, businesses, investors, cafes, and dispensaries from every corner of the world.
The BudBlockz team is creating a global marketplace where cannabis lovers can purchase physical wed products within weed-friendly jurisdictions. Those who reside in places where cannabis is still criminalized can participate in the BudBlockz ecosystem by purchasing NFTs to own percentages of cannabis farms, dispensaries, and businesses.
BudBlockz is the first blockchain to allow cannabis lovers to purchase NFTs that are asset-backed by cannabis-based businesses. Because of BudBlockz’s unique approach to the cannabis industry, the platform’s main coin, $BLUNT has received massive attention from investors from the launch of the private sale, and into the pre-sale the token has continued to shine. The growth of the cannabis industry, which is expected to skyrocket in the coming years coupled with the fact that more governments are decriminalizing weed is also playing a major role in the warm reception $BLUNT is receiving.
$BLUNT is expected to remain stable in the coming years and continue appreciating. Since inception the token has already gained over 75% in value, and the signs show it will continue
What Is Terra Luna?
Terra is a community-governed open-source blockchain that hosts an array of applications. Terra allows its users to use already-existing applications and organizations or use the platform’s cutting-edge developer tools tool to create new ones from scratch.
Luna is the native cryptocurrency of the Terra ecosystem. Terra users use Luna to pay for transactions on the Terra network as they interact with different applications on the ecosystem. Luna holders also earn rewards when they stake their coins, participate in the governance of the Terra blockchain and use Luna to purchase their favorite digital art.
Although Terra is a great blockchain that creates space for developers to create crypto apps, it is currently undergoing problems that have destabilized the value of the coin.
In May of 2022, the Terra ecosystem collapsed because of Luna’s connection to TerraUSD, the stablecoin of the Terra network. The collapse which is the largest crypto crash so far wiped out $60billion from the crypto market.
Shortly after the crash, Do Kwon faced legal charges from the Korean government, which caused investors to lose trust in the blockchain.
Final Word
Although the Terra community is working hard to bring the blockchain back on its feet, it is obvious that Luna is currently unstable and, the situation is likely to continue for some time. Budblockz, on the other hand, has continued to show stellar growth from its private sale and is now in presale. It is expected that the coin will remain stable as it continues to serve the rapidly growing cannabis industry.
Learn more about BudBlockz (BLUNT) at the links below:
Official Website: https://budblockz.io/
Presale Registration:: https://app.budblockz.io/sign-up
Telegram Group: https://t.me/BudBlockz
Discord Server: https://discord.gg/s7hBFgvTmN
All BudBlockz Links: https://linktr.ee/budblockz
