Dive into Dai and BudBlockz: Two Tokens for Any Portfolio

0

2022 has been a wakeup call for cryptocurrency investors, and that might not be such a bad thing. With markets still unsettled, finding the right balance of stability and upside is more than just a prudent approach to portfolio management. It is both a survival strategy and the basis from which successful investors will make the most of the crypto market’s next resurgence. Two tokens are emerging that present intriguing opportunities for investors looking ahead to Q4 2022 and beyond. Dai (DAI) is a stablecoin that offers intriguing upside opportunities. BudBlockz (BLUNT) represents a chance to profit from an undervalued new token’s presale while mitigating downside risk with a firm anchor to the booming retail cannabis market.

Stablecoins can function much as money market accounts do when equities find themselves stuck in a bear market. In each case, investors find a relatively safe haven to ride out market downturns, insulating some of their holdings from market fluctuations while earning a bit of interest. But as 2022 has shown, even stablecoins are not entirely risk-free. Leading stablecoins USDC and USDT have each lost their peg to the US dollar in the past, and the mechanisms by which centralized stablecoins maintain their relationship to fiat currency has drawn the scrutiny of the Securities and Exchange Commission.

DAI represents a different take on stablecoins. Its decentralized approach is built on the MakerDAO platform, and since 2020 has maintained a more reliable peg to the US dollar than other stablecoins, delivering the same shelter from market volatility and quick facilitation of transactions across blockchains while minimizing the risk of SEC action. It has emerged as a strong competitor to its older cousins, and could very well represent the future of stablecoins themselves.

At first glance, BudBlockz is a simple growth play. As a cannabis-related cryptocurrency still in the first phase of its presale, BLUNT addresses a proven and fast-growing retail market with an avid consumer base and can already claim the makings of a solid community on the strength of a private sale that sold its allotment before its scheduled end.

Behind the hype, though, BudBlockz is building a platform capable of providing investors with significant cover from market downturns. Previous cannabis-related cryptocurrencies promised to revolutionize the field, typically by presenting themselves as mediums of exchange for recreational cannabis retailers who found themselves underserved by established financial institutions. Several even invested in ATMs linked to their networks, with dismal results.

BudBlockz plans to avoid that trap by taking a more measured approach. Instead of a fleet of ATMs, it plans to offer a marketplace in which users can trade asset-backed NFTs for marginal ownership stakes in the cannabis companies they believe in, on terms negotiated by both parties. A network of virtual dispensaries that extend the reach of brick-and-mortar cannabis retailers is already in the planning stage, and BudBlockz’s developers have floated the idea of a point-of-sale network that would further expand the token’s use cases.

For now, BudBlockz remains a remarkably efficient cannabis play: its presale recently opened at $0.021, giving it considerable room to run. Along with a forward-thinking stablecoin. BLUNT has a role to play in most investment strategies, especially those that are comfortable waiting a quarter or two for significant long-term appreciation.

Learn more about BudBlockz (BLUNT)

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


Always conduct proper research when dealing with pre-sales of currencies and tokens. The information above does not constitute investment advice by CryptoMode or its team, nor does it reflect the views of the website or its staff. 


None of the information on this website is investment or financial advice and does not necessarily reflect the views of CryptoMode or the author. CryptoMode is not responsible for any financial losses sustained by acting on information provided on this website by its authors or clients. Always conduct your research before making financial commitments, especially with third-party reviews, presales, and other opportunities.