The frequency of downturns has increased as most of the crypto market has tumbled since its peak in 2021. As a result, most professionals are coining this price drop as a “crypto winter”- similar to a crypto bear market.
The crypto market faces a tough situation as even reputable crypto coins like Polkadot and Waves continue to struggle to regain their previous prices. Recently, there was some market recovery as Bitcoin returned to $20,000, but not all coins have recovered in value.
Polkadot (DOT) Struggles in the Market
Polkadot (DOT) is a protocol that connects various blockchains for sharing value and data. The technology is compatible with leading crypto technologies like Bitcoin and Ethereum.
It is one of the coins that still has not seen a price increase since the recent price spikes were wiped out by dips in August. Polkadot (DOT) needs support from the market and its investors to survive in the long run.
Polkadot (DOT) continues to struggle to recover, with 24-hour price charts showing that its current price is $5.90, with a 24-hour trading volume of $205,503,867. Experts predict that the next period for Polkadot (DOT) to rally in price will be around November.
DOT took around 67 days to move from oversold to overbought between May and August. The last quadrant of the year continues to be unpredictable and problematic for Polkadot (DOT) as the crypto continues to struggle.
The end of the overbought period could be in around 74 days. The coin needs to reach a price of $23.41 to complete the required 214% recovery it has tried to make.
Waves in Trouble after the Crypto Crash
Waves is a crypto platform designed to help users make custom coins. These custom-created coins can be used for in-app currency, loyalty programs, and ICO funding. In addition, Waves provides users with various payment and transaction methods.
Moreover, the feature doesn’t require the users to update their application or database every time a new coin enters the Waves technology platform. As for its crypto coin, the crypto crash has also significantly impacted Waves.
Waves currently ranks at #98 on CoinMarketCap with a current price floating between $3.10 and $3.35. It has a current trading volume of $45,300,540, which could suggest future problems for investors.
BudBlockz (BLUNT) Might Take the Crypto World by Storm
BudBlockz (BLUNT) is now considered one of the leading crypto coins with the largest growth potential. The coin is still in its infancy stages, but current speculations and analysts believe BudBlockz could take the crypto world by storm.
The coin is still in the initial prestages, where the crypto aims to sell its coins in different volumes. Phase 2 of the BudBlockz (BLUNT) presale ends on the 20th of November, and the coin officially launches on the 5th of December.
BudBlockz is considered the first decentralized online commerce platform that allows enthusiasts access to the cannabis market. With its unique business model, the growth potential of the BudBlockz (BLUNT) coin is also pretty high.
Investors only need to spend a minimum of $50, making the platform affordable for almost everyone. Furthermore, with the inclusion of digital coins in the cannabis market, the potential of the crypto market has grown. With such innovative ideas, the scalability and flexibility of the market will continue to increase.
The BLUNT token will officially launch on the 5th of December once the presale ends and is expecting high demand. The private sale entirely sold out a whopping 26,880,000 BLUNT Tokens before the sale ended, and presale has seen a similar interest and fast-rising prices.
Bottom Line
Polkadot and Waves saw decent market increases during the price surge of 2021. Unfortunately, both these coins continue to suffer and the coins have yet to revive and return to their previous highs.
BudBlockz (BLUNT) continues to grow in popularity, given its amazing market potential and use case. Investing in a coin in its early stages could see significant profits.
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
