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The cryptocurrency sector faces an uncertain future. The implosion experienced in the past few months, characterized by double-digit percentage losses, raises serious doubts. Nevertheless, it's becoming increasingly clear that only projects with proven utility and use cases have what it takes to bounce back once the current dust settles. Filecoin, Cronos, and BudBlockz are some of the tokens worth paying attention to as we head into 2023.
BudBlockz might be a new kid on the block, but it is showing tremendous potential as it moves to revolutionize the cannabis sector while leveraging blockchain technology and innovation. The crypto cannabis project has set out to offer a unique transparent e-commerce project that will make it easy for people to trade real and virtual cannabis-related products.
Powered by blockchain technology, the e-commerce platform sets to revolutionize the multi-billion cannabis sector in the early stages of growth. In addition to enhancing the buying and selling of cannabis-related products, the project also plans to offer a unique NFT marketplace that will allow people to trade an array of non-fungible tokens, including the ecosystem's native Ganja Guruz NFTs.
The proposed BudBlockz NFT marketplace will also enable partial ownership of businesses and tangible real-life assets. Therefore, marijuana enthusiasts should be able to do more than collect and trade unique NFTs.
The future can only be bright for the network's native token, $BLUNT, poised to power the expansive network. The token will act as a medium of exchange, enabling all the transactions. Given its limited supply, its value is expected to increase significantly as demand in the ecosystem increases.
Filecoin is another cryptocurrency whose prospects and growth metrics look increasingly bright. The governance coin powers a blockchain-powered platform for storing files and data on users' free spaces.
While the current data solutions revolve around Google, Amazon, and other tech giants, Filecoin seeks to offer a decentralized way of storing files away from a centralized system. Consequently, Filecoin provides a way for customers with available space to become storage providers and make some money in the process. A client will thus transfer a file or data to a storage miner for a fee.
FIL is the native token that powers the Filecoin ecosystem as a medium of exchange for all transactions. While the coin hit an all-time high in 2021, it has come under pressure amid the broader market correction.
However, the future is looking increasingly bright as people and companies look for alternatives to centralized systems for storing data prone to attacks. By offering a decentralized system that is not in the control of any authority, Filecoin stands to enjoy tremendous growth that should also see the value of the native token increase significantly.
Cronos is another project well-positioned for growth amid the growing crypto adoption. Theproject was launched in 2016, and it seeks to enhance the global adoption of cryptocurrencies by offering a variety of crypto via cards, wallets, and brokerage services.
CRO is the native token that powers the network acting as a medium of exchange. As Cronos moves to serve over a billion Web3 users, CRO demand is expected to increase significantly. Consequently, the value of the underlying token is expected to increase significantly.
Cryptocurrencies short-term outlook is not good as investors flee riskier assets amid the recession. However, BudBlockz, Cronos, and Filecoin's long-term outlook remain solid amid the growing demand for NFTs, Cannabis products storage services, and the metaverse.
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
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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.
