Crypto Analysts Think BudBlockz (BLUNT) And Stellar (XLM) Will Achieve Remarkable Growth In 2023

In this article, we have explained what crypto analysts think about BudBlockz and Stellar will achieve growth in 2023. Read this article to know more.

Since November 2021, the cryptocurrency market has been experiencing a significant downtrend. This downward movement in price is a confluence of several factors, including market correction, negative news, and trader sentiment.

Market corrections remain the best period for investors to place their money into an asset. The aim is to buy low and sell high. 

Many analysts have identified projects like BudBlockz (BLUNT) and Stellar (XLM) to give investors massive price gains since they've experienced significant price increases.

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BudBlockz (BLUNT)

BudBlockz (BLUNT) is a crypto project that centers on unifying the cannabis sector by granting enthusiasts the chance to trade and invest in products and dispensaries worldwide.

Its goal is to allow users of the BudBlockz community easily access cannabis markets and comprehend legislation in jurisdictions.

The underlying issue that BudBlockz aims to solve is the high barrier to entry into the cannabis industry for small and medium-sized firms.

Even though the 2010s saw marijuana products become legal for use in several regions, the sector's regulations make it difficult for small enterprises to gain a proportionate market share.

BudBlockz is looking to make it easier for everyday users and entrepreneurs to get involved in the cannabis industry by presenting De-Fi solutions.

Small firms in the cannabis industry can also provide seed-to-sale tracking data with its blockchain solution.

On top of these strong fundamentals, the cannabis industry is predicted to hit a valuation of $180 billion by 2030 at a compound annual growth rate of 24%.

All these point to an increase in the use of cannabis which will ultimately increase the price of assets associated with marijuana like BLUNT, BudBlockz's native token. Hence, BudBlockz is poised to take the cryptocurrency world by storm.

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Stellar (XLM)

Stellar (XLM) was founded in 2014 by Jed McCaleb, the co-founder of Ripple. He created Stellar to become an alternative to Ripple, and the project has been performing significantly well since its inception. For one, it's still one of the few prominent coins in 2014 to remain in the top 50 by market cap today.

Stellar was launched with 100 billion coins, with $3 million paid for 2 billion tokens in the entire supply by online payment firm, Stripe. Stellar has partnered with the well-known accounting firm Deloitte, and artificial intelligence giant, IBM. At least 4.3 million accounts use Stellar occasionally, and with its low fees, investor interest has been massive.

As of the time of writing, XLM is trading at $0.09132. XLM's price bounced up from its $0.0702 support line earlier in January using technical analysis. Its RSI value is at 60, meaning it is in the neutral range and is not an overbought asset.

Wrapping Up

Investors have always liked to diversify their options, and cryptocurrency has presented itself as a viable financial instrument. The digital currency market is in a downturn, which benefits investors since they can buy low and sell high.

BudBlockz and Stellar remain two of the most feasible investment options for traders who want to get significant returns on investment.

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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