Investors Think BudBlockz (BLUNT) Is A Better Investment Than Apecoin (APE)
Why are investors selling their APE tokens? And what other cryptocurrencies are they accumulating instead? Itis what we will look at in this article. More specifically, we will look at why investors might think that BudBlockz’s BLUNT token is a better investment than Apecoins APE token. But first, let us clarify how to find a good crypto investment.
How to Find a Good Crypto Investment
Apart from the top 10 coins, looking for strong utility is the best way to find good crypto projects. If the tokens are required to use a platform or service, then the price will rise naturally with demand. One such example is BNB. This coin is required to use the Binance Smart Chain. As more projects were built and more people wanted to use those projects, more BNB was required. And with the increasing demand, the price exploded.
If you are looking for the biggest return, then new presales for tokens with real utility are a great option. Presale ICOs allow you to buy the token before it gets released to the public, usually at a much better price. And with utility in a booming industry, the crypto coin is almost guaranteed to grow in value. One such example is BudBlockz’s token BLUNT.
Why Investors Are Selling Apecoin (APE)
The APE token was an airdrop to all Bored Ape Yacht Club and Mutant Ape Yacht Club holders in early 2022. It quickly rose from around $8 to over $23 within about a month in late April. However, that was followed by a quick and steep decline where the airdrop holders started selling their positions. It has since been on a downward trajectory, trading at around $4 to $5 for the past couple of months.
So, why are investors selling their APE tokens? Well, other than being a governance token for the Apecoin DAO, APE has no utility. Plus, many of the tokens have been airdropped, leading holders to sell their coins as quickly as possible to lock in their profit.
Here’s Why BudBlockz (BLUNT) Might Be a Better Investment Than Apecoin (APE)
When investors are selling their position, especially after receiving essentially free money through an airdrop, they often look for new opportunities that the rest of the market has not found yet. The best way to do that is to participate in presales, where you can buy a token before it gets launched to the public. It is exactly what you can currently do with BudBlockz. Until November 21, 2022, you can buy their token $BLUNT at a discount before it gets launched on an exchange. However, what makes the $BLUNT token really interesting is its utility: BudBlockz builds the first decentralized e-commerce platform for the cannabis industry, and the $BLUNT token will be used as a medium of exchange for all participating parties. It means that farms, dispensaries, stores, and the end consumer will all need the token to use the BudBlockz platform. And if the estimation of the cannabis market growing up to $176b by 2030 is correct, this is a huge market that will lead to a steep increase in demand for $BLUNT.
Final Words
Apecoin holders are selling their APE tokens and have been doing so for the past couple of months. Now that they are looking for new crypto investments, BudBlockz’s presale might come at just the right time. The BudBlockz ICO gives you the unique opportunity not only to be one of the first investors in the $BLUNT token. But you can also be among the early adopters of a potentially huge Cannabis e-commerce market.
Learn more about BudBlockz (BLUNT) at the links below:
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