One of the coins in the market that has been experiencing high demand is Budblockz (BLUNT). In comparison, tokens like Tron (TRX) and Quant (QNT) have dropped in trading volume. Below, we’ll explore why investor interest has been rising for Budblockz and falling for Tron and Quant.
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Budblockz (BLUNT
Budblockz is an exciting new cryptocurrency that aims to decentralize and enhance the world of cannabis trading. With this crypto project, both the producers and consumers of cannabis could access the marijuana market securely across the globe.
Budblockz has its NFT project called the Ganja Guruz Collection. The owners of Budblockz NFTs can gain fractional ownership of the global cannabis market. They’d be eligible members of the BudBlockz dispensaries available worldwide and get special discounts on in-store products.
For the NFT marketplace, users need to get BLUNT, BudBlockz’s native token. By staking BLUNT, the community can gain rewards.
Contributing to NFT artwork and signing petitions can also allow users to get rewards in BLUNT. An interesting new feature to earn rewards is the play-to-earn (P2E) gaming development.
This P2E platform contains the most popular games from the late 1990s inspired by NES and Sega games. If you’re a top gamer, you can compete at Budblockz Arcade to gain rewards in BLUNT, ETH, and NFTs.
These exciting features and more have propelled Budblockz demand to the top and ensured its volume is at an all-time high. Conversely, the case differs for Tron, which has shed off most of its trading volume.
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Tron (TRX)
Tron (TRX) is an ecosystem that was built in 2017 to reward digital creators by cutting out intermediaries. Since digital content creators have to share their revenue with advertising companies like Facebook and YouTube, Tron developed a system to reward content creators directly for their work.
Tron moved to its network from the Ethereum platform, and data kept on its network is free since there’s no centralization. Its consensus algorithm is a delegated Proof-of-Stake system that consumes far less energy to power its network.
After topping out at a daily volume of $4.1 billion in May 2022, Tron declined in both price and demand. Its current price of $0.06083, and its daily trading volume is around $200 million.
In early January, Tron’s price saw a further drop when Huobi Exchange which has Tron’s founder as its adviser, stated that it would cut 20% of its workforce. Although Tron’s volume is far from what it was last year, its price drop wasn’t as sharp as that of Quant (QNT).
Quant (QNT)
Quant is a crypto project launched in June 2018 to link numerous blockchains while maintaining the network’s efficiency. Although several blockchains have been created since Bitcoin’s inception, there has always been the issue of connecting them.
Using its operating system, Overledger, Quant is a gateway between blockchains. However, Quant (QNT) demand has been dropping since its daily active addresses decreased from 11,000 to 6,800 in only two days.
Quant is trading at $153 with a daily trading volume of $67 million. That’s several levels down from its October 17 trading volume of $426 million.
Conclusion
Although investors have lost interest in Quant and Tron, Budblockz has sparked excitement, and as a result, its demand has increased.
Many nvestors are rushing to buy BLUNT token since the crypto project seems promising with its electrifying features. In due time, Budblockz will rise in demand and price as adoption grows.
Purchase or learn more about BudBlockz (BLUNT) at the links below:
Official Website: https://budblockz.io/
Presale Registration: https://app.budblockz.io/sign-up
BudBlockz Community Links: https://linktr.ee/budblockz