It’s been a challenging year for cryptocurrencies as the overall market has lost more than $1 trillion in value. In addition, elevated inflation levels and a move by the Federal Reserve to hike interest rates have left investors with no option but to shun riskier assets. However, that could change heading into the new year as valuation levels have already tanked significantly. Solana and BudBlockz are some of the gems that stand out on the risk-reward front as sentiments slowly improve in the sector.
Solana’s Competitive Edge
While Ethereum is the biggest name in the development of decentralized applications and smart contracts, Solana appears to be setting out on its own trail. Nevertheless, Solana looks attractive at current valuation levels, with its price down by about 80% for the year to date.
Solana’s prospects as a long-term play for anyone looking to bet on digital assets, stem from its highly scalable blockchain. Its blockchain can handle up to 50,000 transactions per second (TPS), considerably faster than Bitcoin’s 4TPS and 13TPS for Ethereum. Consequently, the blockchain is a perfect fit for decentralized finance, where transaction speed and security are essential.
Incredible speed and low transaction fees make Solana a potential disruptor in the financial sector, focusing on the lucrative payment industry. However, it faces stiff competition from Ethereum and XRP, which are also big in the industry.
BudBlockz vs Solana
BudBlockz is well positioned to pump 10x faster than Solana as it moves to shake things up in the multi-billion cannabis sector. Built on the Ethereum blockchain, the project has set out to bring cannabis lovers and stakeholders together. It has established an ecommerce marketplace that will bridge the gap between cannabis and cryptocurrencies, consequently enabling fast and secure transactions.
The blockchain-powered ecommerce platform will allow cannabis fans to purchase all kinds of cannabis products in a safe and private environment. Additionally, it will provide a way for cannabis entrepreneurs to raise capital for running their business.
The launch of the blockchain-powered e-commerce platform is timely as it comes amid the legalization and decriminalization drive worldwide. Consequently, there is a growing demand for solutions that allow people to buy and sell their favorite cannabis products more efficiently.
BudBlockz is also expected to pump 10x faster than Solana as it moves to provide easy access to the burgeoning non-fungible token space. It has already established its premier Ganja Guruz NFT collection, which offers numerous benefits, including exclusive membership access to cannabis farms and dispensaries. Plans to unveil an NFT marketplace should also strengthen BudBlockz growth metrics in one of the fastest-growing sectors.
BudBlockz is poised to pump 10x faster than Solana based on increased adoption. As the crypto cannabis project enjoys a fast-mover advantage with its new cannabis platform, it remains well-positioned to tap into a multi-billion dollar opportunity. Backed by a vibrant community of cannabis lovers, with Non-fungible tokens, opportunities around play to earn gaming, and decentralized finance, there is huge potential for growth.
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