As winter comes knocking across the northern hemisphere, 2022’s long crypto winter is showing signs of a thaw. Heading into Q4, cryptocurrency markets are beginning to rebound, giving investors reason to believe that long-term value is once again a realistic proposition. Two of the most talked-about tokens in the sector today—cannabis-oriented newcomer BudBlockz (BLUNT) and Ripple’s financial facilitator XRP—offer two of Q4’s most promising value plays. They also offer an interesting study in contrasts.
BudBlockz bills itself as the first decentralized ecommerce platform for cannabis enthusiasts, but beyond its novelty lies a roadmap that has drawn the attention of serious investors. Other cryptocurrencies have tried to take advantage of the retail cannabis market, and earlier tokens fell under the weight of unrealistic expectations that alternative currencies could overcome the industry’s lack of support from financial institutions. BudBlockz is looking into plans for its own point-of-sale network, but its real calling card is a marketplace for marginal ownership stakes in cannabis growers, retailers, and other businesses along the supply chain.
That sort of prudent, calculated approach to a growing and changing market sets BudBlockz apart both from other cannabis-related tokens and from the market at large. Its private sale concluded successfully when all of its allotted tokens sold before the event’s official end, and those who bought early have seen BLUNT’s value rise nearly 70% to date. Its presale alone has driven BLUNT’s value more than 19% higher after just one phase. BLUNT’s official launch on Uniswap is set for December.
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XRP remains an intriguing play for a completely different set of reasons. Its ongoing lawsuit with the SEC, which claims that Ripple should have treated XRP as a security because of the way it was used to raise funds for the Ripple platform. The lawsuit has blunted XRP’s valuation, but Ripple has recently scored a string of victories that have given observers hope that it can win the case outright, without having to negotiate a settlement. A verdict could be reached early in Q4, resolving the ambiguity surrounding XRP one way or the other.
This background makes XRP a much nervier value play than BudBlockz, but one that potentially captures as much upside without the long-term risk involved with even those most promising new cryptocurrencies. The short-term risk, though, is immense, and XRP is only slowly winning back the faith of investors who are willing to bet on its prospects in court.
Access the Digital Channels of BudBlockz to Learn More:
Official Website: budblockz.io/
Sponsored
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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