Investing in cryptos can be intimidating, especially given the state of the industry. Before investing money in any crypto project, successful investors know the importance of doing their homework with due diligence.
This article examines the recent struggles of Bitcoin Cash (BCH) and Stellar (XLM), contrasting with BudBlockz’s (BLUNT) raging presale success.
BudBlockz is a decentralized online eCommerce for cannabis enthusiasts to access the global cannabis markets securely and privately.
For years, many cannabis users have been yearning for effective ways to access high-quality cannabis products securely.
BudBlockz is aiming to address this problem by leveraging blockchain technology. The goal is to offer an innovative ecosystem that will unite the cannabis industry while allowing users to buy, sell and invest in various cannabis products worldwide.
BudBlockz is building a decentralized platform that will transform the cannabis sector. The platform will make it possible for BudBlockz to be part of a market poised to be worth more than $200 billion by 2030.
BudBlockz’s marketplace will allow people to access various products, such as NFTs, P2E gaming, cannabis farm, etc., ensuring transparent and efficient transactions.
BudBlockz (BLUNT) is backed by a real utility to address real-world problems; the project has what it takes to become one of the most prominent utility tokens.
BudBlockz (BLUNT) is one of the few cryptocurrencies expected to grow significantly in the coming years. By the end of the presale period, many analysts predict a 1000% gain in value.
Bitcoin Cash (BCH)
Bitcoin Cash (BCH) is an altcoin version of Bitcoin crypto. Bitcoin Cash is a result of a hard fork in blockchain technology. One of the significant changes from Bitcoin to Bitcoin Cash is the size of the token.
Previously, Bitcoin’s 1MB limitation caused transaction delay issues, so Bitcoin Cash solved this problem by increasing the potential block size. Enabling significant number of transactions to occur helping the cryptocurrency scale as it grows and competes with more traditional cryptocurrency platforms.
Bitcoin Cash quickly became the 3rd most successful cryptocurrency after its creation, following Bitcoin and Ethereum.
Although Bitcoin Cash has a higher transaction rate, the currency is accepted only in a few places as Bitcoin or Ethereum. Disagreements within the developer community caused Bitcoin Cash to be seen by many as an investment tool rather than a transactional currency.
Stellar is a decentralized blockchain platform that offers affordable and efficient banking services by connecting the world’s financial institutions on its blockchain.
Stellar considers itself “crypto-adjacent” because its goal is not to replace current financial infrastructures but to enhance them.
Whereas crypto networks like Bitcoin exist only to trade Bitcoin, Stellar exists so anyone can create, send, and exchange all digital representations of money.
The Stellar network’s native token is called lumen, represented by the acronym XLM on cryptocurrency exchanges. Lumen is used in transactions on the network and to set up new Stellar accounts.
Stellar requires that each account on the platform always hold a small number of lumens. There are over 7 million Stellar accounts and a fixed supply of about 50 billion lumens.
Of that fixed supply, 20 billion lumen tokens are in circulation, and the Stellar Development Foundation currently holds the other 30 billion, which it will gradually release into the market.
Stellar has suffered more significant losses as the bear market continues in the crypto industry. A couple of months ago, challenging for the fifth largest cryptocurrency by market capitalization, XLM has now dumped to 27th; it is the worst-performing altcoin in the top thirty.
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