BudBlockz and Polygon Gain, as Bitcoin Depreciates – CryptoMode

If 2021 was the crypto summer for Bitcoin, 2022 is the crypto winter. Since January or so, the price of Bitcoin has been steadily declining. For a few months now, the price of the coin has hovered around $20,000. Many people believed that would be for the worst, and that the coin would still reach the heady heights it reached in 2021.

But recent price movements have proven those people wrong. Bitcoin recently fell to $19,000, showing that things could get even worse. Since Bitcoin influences the price movement in the market, it is not surprising that most cryptocurrencies have also seen their prices fall. From the biggest altcoins like Ethereum to meme coins and dogecoins, they have all seen red in the last six to eight months.

However, some currencies are appreciating, even as Bitcoin is falling. The largest example of such coins is the $Blunt coin from BudBlockz. Perhaps the reason $Blunt is rising is because of the project and its growing relevance, and not because of the macroeconomic conditions of the crypto market in general.

In a nutshell, BudBlockz is a global marketplace for cannabis enthusiasts. Twenty or fifteen years ago, it would have been completely unimaginable that products like BudBlockz existed. That’s because cannabis was still widely illegal and frowned upon. But a lot has changed in the last ten or fifteen years, and it is no longer a social (or even legal) taboo to be a cannabis enthusiast. Of course, this depends entirely on what state you are in, but the fact that 27 states in the US have largely decriminalized cannabis use means that acceptance of cannabis is spreading across the United States.

BudBlockz is simply a product that fuses two of the hottest trends in America today; Web3 and cannabis use. With BudBlockz, cannabis enthusiasts can connect with the global cannabis market and enjoy safely. $Blunt is the native currency of BudBlockz and is the currency used to buy and sell products on this global marketplace. This is probably why the coin has continued to appreciate, despite the general decline in cryptocurrency prices.

Another coin that is seeing massive growth, even during this crypto winter, is Polygon. In July, during the throes of the bear market, Polygon was up 100%. Polygon is essentially a scaling platform built on top of the Eth chain and is primarily used to build a sustainable Web3 infrastructure.

As Web3 continues to gain traction, platforms like Polygon will continue to grow. The platform already has tons of protocols under construction and regardless of the market’s stance, the number of protocols will only grow. This undaunted growth in the face of great economic adversity is probably the reason why investors have chosen to continue betting on Polygon.

But the big question remains: will this bet work? Yes, BudBlockz and Polygon continue to grow in the face of adversity, but can that growth be sustained? The only real way to know would be to get involved and see where these products take us.

Learn more about BudBlockz (BLUNT) at the following links:

Official website: budblockz.io/

Presale Registration:: https://app.budblockz.io/register

Telegram group: https://t.me/BudBlockz

Discord server: https://discord.gg/s7hBFgvTmN

All BudBlockz Links: https://linktr.ee/budblockz

Always do proper research when it comes to coin and token presales. The above information does not constitute investment advice by CryptoMode or its team, nor does it reflect the views of the website or its staff.

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