All markets go through periodic cycles when the price either goes up or down. Fluctuations are normal and expected. Sometimes they can be caught in a downward spiral with the price of certain stocks falling more than expected, this is referred to as a crypto winter.
Cryptocurrencies have suffered a brutal downturn this year, losing over $2 trillion in value since the height of a massive rally in 2021. Bitcoin, the world’s most dominant cryptocurrency, is off 70% from a November all-time high of nearly $69,000. Bitcoin is not the only cryptocurrency which has fallen along way from its all-time high. Popular coins Ethereum and BNB have suffered similar losses while memcoin Dogecoin has fallen over 90% from its peak.
But something about the latest crash seems different from the previous crypto winter we experienced in 2018 and earlier market downturns— the newest cycle has been marked by a series of events that have caused contagion across the industry because of their interconnected system and business strategies.
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It is not clear when the market turbulence will finally be over. However, analysts expect more pain ahead as crypto firms struggle to pay down their debts and process client withdrawals.
Despite this downturn, Budblockz and Tamadoge continue to beat the odds; why?
BudBlockz
BudBlockz (BLUNT) is a newly established, innovative blockchain platform built on the Ethereum network that takes advantage of real-world utilities to bridge the gap between cryptocurrency and cannabis. Its presale launch last month was heralded as one of the most successful token launches of 2022.
BudBlockz has grown into a leader in the cannabis delivery space by merging two of the fastest-growing industries in the world.
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BudBlockz provides its investors an excellent opportunity to get involved with the ever-growing cannabis industry, irrespective of the laws where they live. Investors can also get fractional ownership of cannabis businesses such as farms, dispensaries, and cafes.
BudBlockz offers many other features that will raise the value of BLUNT, such as token staking, listing on Coinmarketcap, Coingecko, and centralized exchanges. Also, other upcoming features include the NFT marketplace, P2E Gaming, and the BudBlockz community.
BudBlockz is still in the process of development and presents the best opportunity for investors to get involved early.
Tamadoge
Another coin that is seeing massive growth, even during this downturn winter, is Tamadoge. Tamadoge (TAMA) appears to be capturing the attention of crypto investors, up over 400% in the past seven days as of 10th October.
The meme token follows the cryptocurrency giants, such as Dogecoin (DOGE) and Shiba Inu (SHIB), but it hopes to stand out with its crypto gaming offerings.
Its recent surge follows Tamadoge applying Binance regarding a potential listing. TAMA has already seen listings with major exchanges, including OKX and MEXC Global. gomez
Learn more about BudBlockz (BLUNT) at the links below:
Official Website: 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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