Cryptocurrencies are undeniably one of the most important inventions of the 21st century. This is because crypto provides people with the chance to enjoy peer-to-peer transactions on a decentralized network that requires no third-party intervention.
Consequently, people are able to save more time and money when completing financial transactions. Since cryptocurrencies are virtual currencies, they also make it easier to acquire and sell various digital assets like Non-fungible tokens (NFTs).
However, like any other relatively new technological innovation, there have been a couple of challenges associated with crypto. One of those challenges is the persistent volatility that is witnessed in the cryptocurrency markets.
Crypto volatility which is simply the degree and frequency to which the prices of crypto assets fluctuate, has been a big concern to investors and users of crypto as well as regulatory authorities.
This is because while many people have reaped handsomely from trading crypto assets, some have lost enormous amounts of money due to sudden, unexpected downswings in the value of cryptocurrencies.
High level of speculation
These sharp fluctuations in the price of cryptocurrencies can be attributed to the fact that the crypto market is still very speculative.
Therefore, changes in the financial, technological, and indeed any other sector that a specific crypto asset or the crypto industry in general is tied to significantly affects the value of crypto and consequently contributes to volatility.
Stablecoins as a solution to volatility
As a result of these frequent price fluctuations and the ensuing unpredictability, stablecoins were created to help provide some stability in the use of cryptocurrencies. This is because stablecoins are pegged to the value of a real fiat currency or another stable reserve asset.
Hence, stablecoins are cryptocurrencies which are backed by an underlying asset and so their value does not fluctuate randomly like other traditional crypto coins and tokens. Some of the stablecoins pegged to the dollar include: Tether (USDT, USD Coin (USDC) and TrueUSD (TUSD).
A trade-off between stability and profitability
And while stablecoins are useful when it comes to processing domestic and cross-border payments fast, cheaply and efficiently, they lack the enormous profit potential of cryptocurrencies as an asset class.
This is because, just like fiat currencies, they have limited growth potential, and so their value cannot be expected to increase exponentially. That is the reason why crypto investors who have ventured into stablecoins are slowly re-entering the conventional crypto space.
This shift is further catalysed by the promising prospects of crypto tokens like BudBlockz ($BLUNT). As one of the tokens of the pioneer decentralized system in the Cannabis industry, BudBlockz crypto token stands to grow tremendously in its intrinsic value.
Limitless growth ceiling
This is because the market capitalization of the Cannabis market is going to grow by a great deal as more jurisdictions decriminalize it in their territories. As such, a secure decentralized system dedicated to Cannabis will be required to purchase Cannabis products.
Investors will also want to privately invest and get fractional ownership of Cannabis dispensaries, farms, and digital assets. All this will stimulate the demand for BudBlockz as a decentralized Cannabis e-commerce platform and in tun the value of ($BLUNT) will go up.
This will enable investors to earn a lot of revenue. This is the main reason why in BudBlockz ongoing private sale, many of the holders who have acquired ($BLUNT) tokens are holders of Tether (USDT).
This is your opportunity to acquire ($BLUNT) tokens at a discount!
Do you want to be part of the progressive investors who are going to benefit from BudBlockz? Then visit BudBlockz’s official site to access the private sale and acquire ($BLUNT) tokens at a discounted price.
That way, you will not only stand to enjoy the rewards of being an early-bird investor. Rather, by the time the presale is done, you will be in a position to make up to a 40% profit on your HODL. So take this chance and don’t let it slip! The time is now!
Learn more about BudBlockz (BLUNT)
Official Website: https://budblockz.io
Telegram Group: https://t.me/BudBlockz
Discord Server: https://discord.gg/s7hBFgvTmN
All BudBlockz Links: https://linktr.ee/budblockz