Crypto Investors Look Toward BudBlockz and KuCoin Token for Long-Term Profits

Cryptocurrencies have grown in popularity, emerging as an ideal instrument for diversifying investment portfolios and hedging against mainstream assets such as stocks. While the sector has felt the full brunt of investors shunning riskier assets this year, the long-term outlook remains intact. The crypto projects to invest in right now are those set to be game changers in their respective fields. KuCoin is one coin shaping the cryptocurrency exchange scene. BudBlockz, on the other hand, is poised to transform the cannabis sector.

KuCoin Long-Term Prospects

KuCoin is the fifth largest cryptocurrency exchange in terms of trading volume. KCS is the native token that powers the exchange providing holders perks such as reduced trading fees. In addition, given that the coin is pegged on the exchange, holders are entitled to a percentage of the exchange’s revenues.

In addition to being a cryptocurrency exchange, KuCoin has secured $150 million in funding to expand its ecosystem into the play to earn gaming space and Decentralized Finance. It is also set to bolster its portfolio with Non Fungible Tokens. The expansion drive is only expected to enhance utility and fuel demand for the underlying KCS token.

Consequently, there is no doubt that KCS is an ideal coin for investors eyeing long-term exposure and returns in the embattled cryptocurrency sector. Moreover, the coin has enjoyed relative stability since 2017 compared to other volatile cryptos.

BudBlockz Following KuCoin

BudBlockz is another project following in the footsteps of KuCoin but with an eye on enhancing operations in the cannabis sector. The crypto cannabis project has already established an e-commerce platform allowing people to buy and sell cannabis products securely and efficiently.

As KuCoin looks to become a market leader in the cryptocurrency exchange business, BudBlockz has set its sights on enhancing access to the multi-billion global cannabis market. Its primary goal is to accelerate adoption by improving accessibility and professionalizing logistics in the cannabis industry. In addition, by establishing the world’s first digital decentralized cannabis platform, BudBlockz seeks to take advantage of the growing push to decriminalize cannabis worldwide.

Additionally, it plans to leverage Non-fungible token technology to provide a way for people to tokenize real-world assets. It has already unveiled Ganja Guruz, its line of NFTS that will offer holders access to various cannabis farms and dispensaries. The tokens will allow holders to enjoy fractional ownership of cannabis farms and manufacturing facilities.

$BLUNT is the native token that allows users to buy cannabis and NFTS in the ecosystem. In addition to being a medium of exchange, it will also double up as a governance token allowing holders to vote on various proposals on the project’s future.

The total number of $BLUNT tokens that will ever be in distribution is capped at 420 million. BudBlockz is developing a wallet that will allow people to make and receive payments using $BLUNT. The wallet will also enable people to scan QR codes and connect to Web3 applications.

Bottom Line

Amid the wave of uncertainty in the cryptocurrency sectors, projects with proven utility have what it takes to bounce back once the dust settles. KuCoin and BudBlockz are some projects well positioned for tremendous growth owing to their proven need and use cases.