The cryptocurrency and NFT blockchain markets can be an overwhelming challenge to navigate for first-time investors in digital assets and currencies. Veteran traders have discovered that the key to sustainable and profitable investments in this marketplace is putting your money in extended blockchain projects that will bring a high rate of return a few years down the line. Experienced investors laud this strategy because it helps individuals focus on the value and reliability of any cryptocurrency, even during inflation.
The Shiba Inu Conundrum from an Investor’s Perspective
Regarding potentially lucrative investments, Shiba Inu seems to be stable and is a mainstream digital currency speculated to grow in 2023. So, it is a good idea to consider investing in Shiba Inu. However, as per blockchain investors and experts, users should probably pause investing in SHIB for now. Why? Well, they speculate that SHIB isn’t going to reach new price highs any time soon.
Sponsored
The number of people who’ve invested in SHIB is rising at an exponential rate. The Shiba Inu community consists of more than 580,000 members. Together they own more than 585 trillion SHIB tokens, ridiculously maximizing the total circulatory supply. Granted that the company was founded in 2020 and achieved explosive growth and popularity in the past two years, it can still be a risky investment.
Why? Well, understand that this substantial growth in popularity and the fact that Shiba Inu is so well-accepted is all due to the hype generated by specific celebrities and business moguls that back the digital currency. Shiba Inu is exposed to many famous endorsements by renowned corporate personalities, including Elon Musk.
The direct consequence of this hype-building is that the overall market capitalization for SHIB has ridiculously increased to more than $7.2 billion. One of the greatest threats to Shiba Inu is that the digital currency doesn’t guarantee to maintain its relevancy, value, or popularity. It is one of the major reasons why Shiba investors are flocking toward a new and rapidly growing NFT platform, BudBlockz.
Why Are SHIB Investors Switching to BudBlockz?
There are several great reasons why Shiba Inu investors are propelling toward BudBlockz. For starters, BudBlockz ($BLUNT) will introduce the world’s first DeFi NFT platform developed explicitly for the marijuana and cannabis industry. And we all know that the marijuana industry is worth more than $16 billion globally and is expected to reach $102 billion in 2030.
BudBlockz is focusing on building a blockchain-fused community for legal recreational marijuana users, irrespective of how their government views marijuana use. However, BudBlockz has also confirmed that it will conduct business in a legal ecosystem. Secondly, the $BLUNT platform is designed to provide users with a seamless and interoperable way to connect more securely, governing their respective digital environments.
Furthermore, BudBlockz also aims to develop a cannabis ecosystem using state-of-the-art technologies and innovation. It will also be a DeFi NFT marketplace that will function with utmost security and transparency.
Bottom Line
As the global legal marijuana market starts going down a new path of NFT blockchain transactions with DeFi protocols, BudBlockz is undoubtedly positioned to become a catalyst for helping marijuana businesses and plantations grow exponentially.
Learn more about BudBlockz (BLUNT) at the links below:
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
This article contains a press release from an external source. The opinions and information presented may differ from those of DailyCoin. Readers are encouraged to independently verify the details and consult with experts before acting on any information provided. Please note that our Terms and Conditions, Privacy Policy, and Risk Warning have been recently updated.
