CryptoPunks is one of the top cryptocurrencies severely affected by the 2022 bear market. The well-known token has suffered significant losses since the beginning of the year, leaving buyers with hefty losses.
But new cryptos with solid foundations, clear governance/tokenomics, and exceptional use cases in profitable market sectors, like BudBlockz, are expected to exceed CryptoPunks in 2023.
BudBlockz’s ($BLUNT) low token price during its presale is gaining much attention from investors worldwide.
CryptoPunks NFTs Losing Steam
CryptoPunks remains one of the most talked-about NFT collections in the industry. Sales of the 10,000 pixelated cartoon heads are still generating millions of dollars in monthly volume.
Unfortunately, the highs that Larva Labs (developers behind CryptoPunks) reached in 2021 have yet to be replicated in 2022.
After getting to its all-time high (ATH) of approximately $680 million in August 2021, sales of CryptoPunks began to stall during the final months of the same year. As a result, investors have lost around 80% of their investment so far.
CryptoPunks started the year with a monthly sales volume of over $124 million in January. However, an overall decline in all facets of the crypto market led to sales sinking to just $25 million in August.
It was the seventh consecutive month that sales of tokens fell below $100 million. It was also the lowest sales since June 2021’s $19 million — a 14-month low.
While many analysts attributed the decline in sales to the switch from highly volatile assets to non-volatile assets such as bills and bonds, the consistent plunge in the number of buyers and transactions confirmed a severe downward trend.
The dip in sales has led to many investors in the digital collectibles industry asking whether CryptoPunks will start to get surpassed by other NFT collections gradually.
In September, BudBlockz ($BLUNT) flipped CryptoPunks, becoming a point of reference for many analysts.
BudBlockz ($BLUNT) Likely to Be the Fastest-Growing Cryptocurrency
With BudBlockz ($BLUNT), investors in cryptocurrencies now have a new option to diversify their holdings into safer, more historically appreciating assets.
BudBlockz is one of the top crypto presales in 2022. Since its launch in August, the platform has shaken the crypto market and is currently gaining positive press for its unique use case.
The BudBlockz platform gives cannabis enthusiasts private and secure access to the global cannabis markets. In addition, the platform opens a high-growth trillion-dollar cannabis sector to cryptocurrency investors and users.
Using BudBlockz’s native token, $BLUNT, investors and community members can transact, invest, and trade within and outside the BudBlockz ecosystem.
BudBlockz provides an array of innovative solutions to aid its investors in getting involved with the cannabis industry, including a decentralized NFT marketplace, decentralized digital trading, decentralized Ecommerce, etc.
The BudBlockz presale is ongoing, and investors are rushing in to get a piece of the token since it shows significant growth potential in the coming months.
Solidity Finance Audit and Solid Proof have audited the smart contract to provide investors with the highest level of protection.
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