Shiba Inu (SHIB) reached an all-time high in October, increasing more than 153,000,000% from its 52-week low on November 28, 2020.On the other hand, the meme coin has lost about half its value, demonstrating how rapidly the tide can flip when dealing with crypto assets backed by hype.
While some investors may view this as a buying opportunity, it is advisable to proceed cautiously, because Shiba Inu’s chances of performing an encore are, to put it mildly, slim.
Furthermore, there are over 7,500 additional cryptocurrencies, and many appear to be significantly better long-term investments. A stronger case can be made for newcomers Budblockz (BLUNT).
The SHIB Rally
What started as a joke, quickly evolved into a revolutionary cryptocurrency project. The Shiba Inu (SHIB) is a meme coin that was launched in August 2020 by Ryoshi, a computer programmer carrying out an experiment on community governance for cryptocurrency adoption.
Ryoshi’s findings shocked the world. The experiment resultst show an integral role that a project community plays in the development, growth, adoption, and longevity of the project.
The Shiba Inu (SHIB) token was launched on the Ethereum Blockchain, enabling smart contract functionality. It makes Shiba Inu more scalable than Dogecoin, as it facilitates the creation and development of dApps and other tokens without needing a Blockchain fork.
Programmers and developers could copy and paste their code to the new Blockchain instead of building from scratch.
In March 2021, Tesla and SpaceX CEO Elon Musk tweeted announcing his intentions to purchase a Shiba Inu puppy. Due to Elon Musk’s involvement and commitment to the Dogecoin project, the internet saw it as a call and signal to buy into the project early. It translated to a 300% price surge in the SHIB token.
If you missed out on Shiba Inu in 2021, you have nothing to worry about. BudBlockz is another excellent opportunity to join a promising project early.
The Rise of BudBlockz (BLUNT)
BudBlockz (BLUNT) has only been in presale for a little over a month, but it has already piqued the interest of experienced crypto investors who trust its unique value proposition. BudBlockz is developing an investment protocol that combines Decentralized Ecommerce, digital trading, and NFT marketplace, allowing consumers to invest in the growing cannabis industry.
This one-of-a-kind use case is predicted to send the price of BudBlockz’s native token, $BLUNT, to the moon. BudBlockz developers are making all the correct moves to create a platform that will stand out against others.
The platform’s smart contract passed an audit by Solidity Finance and Solid proof, showing BudBlockz is a safe investment. The BudBlockz (BLUNT) has raised over $1 million in presale stages and continues raising more funds. Early investors are praising the potential this cannabis token has shown. They seem ready to hold BLUNT for a long time to get 100x returns in early 2023.
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
