Crypto whales are individuals or entities that hold large amounts of cryptocurrency assets. They can move the market with their trades, and their actions investors and traders closely watch their actions often have a sharp focus on the cryptocurrency market and are known to make strategic trades to maximize their profits. They often have a long-term investment strategy and are not easily swayed by short-term market fluctuations. Because of their significant holdings, crypto whales can significantly impact the overall direction of the market. Thus, crypto buyers can follow the wallets of crypto whales before making a trading decision. In this article, we will review some of the trending cryptocurrencies that whales are currently accumulating heavily. These include Cardano ($ADA), Litecoin ($LTC), and a newly launched token known as BudBlockz ($BLUNT).
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BudBlockz: First decentralized platform for integrating the Cannabis industry
BudBlockz ($BLUNT) is a decentralized crypto project built on the Ethereum blockchain that is focused on the cannabis industry. The platform aims to create a marketplace for the trading of cannabis products and will be open to anyone across the globe.
The goal is to establish a safe and robust environment for cannabis enthusiasts to interact, network, and trade marijuana products easily and quickly. BudBlockz aims to be a 24/7 platform that is always open and accessible to users. The smart contract has been verified and audited by Solidity Finance.
One of the unique features of Budblockz ($BLUNT) is its NFT collection known as Ganja Gurus. These digital assets are one-of-a-kind and cannot be replicated, providing investors with a way to own and trade a piece of a cannabis-related business or asset.
This innovative use of NFTs is set to change the way we think about ownership in the cannabis industry. The project utilizes blockchain technology to establish an e-commerce platform for vendors to sell their products. The online outlet will only be available to vendors in areas where cannabis is legal and will accept $BLUNT, the native token as a form of payment. Despite being a relatively new player in the crypto market, BudBlockz has quickly made a name for itself with a quick rise in value during its presale period.
The BudBlockz platform will allow cannabis users to trade easily and make payments through the $BLUNT cryptocurrency. As per many analysts, the $BLUNT is on the watchlist of many veteran whales and could experience a quick rally once it gets listed on mainstream exchanges.
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Djed and SHEN Tokens built on the Cardano platform to be listed on Bitrue Exchange
Cardano is a decentralized, open-source blockchain platform that Charles Hoskinson and Jeremy Wood founded in 2015. It is based on a proof-of-stake consensus mechanism, which aims to be more energy-efficient than proof-of-work systems like Bitcoin. Cardano features a layered architecture with a separate layer for settling and computation transactions. This allows for more flexibility in terms of upgrading and adding new features to the platform. Additionally, Cardano uses a programming language called Plutus, designed to improve smart contracts’ security and scalability. According to reports, Bitrue, a prominent Singapore-based cryptocurrency exchange, has announced that it will be listing Djed, a decentralized stablecoin built on the Cardano blockchain by COTI, along with SHEN, the protocol’s collateral token. SHEN is collateralized by Cardano’s native token $ADA and, in turn, is used as collateral for Djed. This means that Djed and SHEN will be available for trading on the exchange.
Litecoin Growth Accelerates after Surpassing Ethereum in Unique Addresses
Litecoin is a decentralized, open-source cryptocurrency founded by Charlie Lee in 2011. Litecoin uses a proof-of-work consensus mechanism, similar to Bitcoin, but with a faster block time of 2.5 minutes. This allows for more immediate transaction confirmations and higher potential throughput for the network. Litecoin also uses a mining algorithm called Scrypt, which is designed to be more memory-intensive and thus less susceptible to specialized mining hardware. According to reports, the Director of the Litecoin Foundation has reiterated that the growth of $LTC has been increasing rapidly even after it surpassed Ethereum in the number of unique addresses used for transactions on the chain. The metric used to measure this is ‘total addresses,’ which is provided by the on-chain analytics firm Glassnode. This metric counts the number of unique addresses of a cryptocurrency that have participated in at least one transaction on the chain from the network’s inception.
BudBlockz ($BLUNT) offers a unique and user-friendly platform for investing in the cannabis industry through its decentralized e-commerce market and innovative use of NFTs. With its cutting-edge technology and focus on environmental sustainability, Cardano is also poised for long-term growth. Litecoin, with its increasing adoption and a rapidly growing number of unique addresses, is a solid choice for investors looking for a well-established cryptocurrency. However, it is $BLUNT that has attracted many investors as it has unique use cases and could change how cannabis is traded globally.
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