BudBlockz, Celcius, and Golem Rally

The period between the months of May and June 2022 was very dramatic for players in the crypto markets. This is because the markets crashed around the same time financial markets worldwide were witnessing serious downturns.

In total, the crypto markets shed about $1 trillion in value. Some major cryptocurrencies like Bitcoin lost up to 60% of their market cap. However, the gloomy days are gradually fading away and the markets are slowly but surely picking back up.

The bulls in bear territory

For instance, Bitcoin grew past the $21,000 mark at the beginning of the second week of September for the first time in a while. And even though economic recovery is underway, there is still a lot of evidence of the dangerously bearish run the markets had been in.

However, in spite of the predominantly underwhelming performance of various cryptocurrencies, there have been several cryptocurrencies that seem to not only be surviving but actually thriving. The following are three crypto projects that have been on a row rallying their way through bear territory;

• BudBlockz ($BLUNT)

BudBlockz has not yet been launched. However, it is easily one of the most (if not the most) anticipated crypto project of the year. This is evident from the fact that its presale had to be kicked off ten days earlier just because the private sale had run out faster than was expected.

But what is the reason behind this feverish, bullish trend? Firstly, the private sale offered investors a chance to quickly make a 40% profit after the launch of the presale. This stimulated demand and spiked interest in BudBlockz token ($BLUNT).

Secondly, BudBlockz will be a unique decentralized system that will enable consumers and producers of cannabis products to access each other and trade conveniently using a crypto token with optimal utility.

Therefore, many cannabis enthusiasts including those who are Blockchain fans and those who are not are really excited about the project. Thirdly, investors in the BudBlockz decentralized ecosystem will be in a position to realize exponential returns in the long-run.

This is because more countries are expected to legalize cannabis – an action that will stimulate commercial activity and increase net returns. Additionally, BudBlockz NFTs will provide fractional ownership opportunities for community members.

Fractional ownership will then enable investors to earn residual income from their stakes in cannabis dispensaries and farms worldwide. Therefore, BudBlockz spells enormous profit potential for investors. As a result, it is likely to sustain this bullish run up until after its launch.

• Celcius (CEL)

The Celcius network is one of the crypto entities that was created to provide cryptocurrency lending services. Up until it filed for bankruptcy, Celcius was a prime benchmark for what a successful DeFi venture works.

However, its ascent was curtailed by the economic turbulence that have greatly affected crypto markets this year. In spite of the challnegs the crypto lending firm has been facing, the company's native token (CEL) has rallied in recent times.

This is especially so in the last half of August – a period during which Celcius sustained a bullish trend that so it gain by up to 55%. This counter-trend is probably due to the fact that there are no more Celcius tokens being minted and released into the market.

With most of the tokens locked in a liquidity pool, there was an increase in demand which exceeded supply as various investors and speculators try to take advantage of Celcius' current situation.

• Golem (GLM)

The Golem ecosystem is a decentralized infrastructure whose primary function is to facilitate the sharing of computational power with other computers. This computational power can then be used for mining cryptocurrencies, rendering CGI, implementing AI, among other functions.

The Golem protocol's native utility token is (GLM) and is used for selling, buying, and renting the computational resources that Golem offers requesters on its network. By the second week of September 2022, (GLM) had gained by up to 40% in the crypto markets.

This upward trend in Golem's valuation is currently not being attributed to any catalyst. This is because unlike Ethereum which just had a "merge" recently, there hasn't been any announcement of a major upcoming Golem event or partnership.

However,a decent attempt at answering the question of what has stimulated this rally would be to say that more people have discovered Golem's utility as network where other users can access computational resources to supplement their individual capacities.

>> Purchase BLUNT tokens here <<

Learn more about BudBlockz (BLUNT)

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