Matic and Ripple have been top 20 cryptocurrencies for a very long time. They are seen as good investments with relatively strong price performances compared to the rest of the market. Now, many of their investors are now buying into the new platform and ecosystem BudBlockz.
The primary driver behind this shift is that recent volatility has stressed the importance of a balanced portfolio that should always consist of coins with different market caps and, ideally, be from different industries. This is why one reason explaining why Matic and Ripple Investors might be interested in BudBlockz, the new decentralized e-commerce marketplace for the cannabis industry. But there are several others.
Polygon (Matic) Investors Are Looking for Other Coins
Polygon is a decentralized Ethereum scaling platform focused on low transaction fees and high speed. Matic is its native token and is used for gas fees, just like ETH is used for Ethereum. This means that every dApp built on Polygon, and all of its users, need to buy Matic to use the platform. Consequently, the increased demand for the platform drives up the price of its token. This is what we have seen since Matic’s release in 2019. Over the last couple of months, this has become even more apparent, with prices tripling from June 2022, when it was around $0.4, all the way up to about $1.25.
However, the days of 100x increases are most likely over for Matic. With a market cap of about $7b, an increase of more than 10x or 20x is highly unlikely for the crypto coin. This is why Polygon investors are now looking for other coins with more growth potential, such as BudBlockz.
Why Ripple Investors Might Sell XRP
Ripple builds financial solutions for businesses with the aim of eventually replacing banks. The token XRP is the medium of exchange between two currencies or networks on the platform. XRP investors are well-known for their strong belief in the coin and the Ripple company. Their most loyal investors and fans still support them despite the 2-year long – and still pending – SEC lawsuit. At a market cap of about $18b, it is still a giant with a strong support level at around $0.20.
However, the impending risk posed by the ongoing lawsuit might drive XRP holders to sell, even at a loss. Even though the price fall has not been as severe for XRP compared to some other cryptocurrencies, Ripple has yet to regain the highs it achieved in 2017. This is another reason why Ripple investors might look for new opportunities.
Why Matic And Ripple Investors Are Buying BudBlockz
An attractive new opportunity seems to be coming in the form of BudBlockz, the first decentralized e-commerce marketplace for the cannabis industry. BudBlockz is not only a leader in the decentralized weed industry, but its token BLUNT is also still in the presale stage. This means you can buy it before it goes live on exchanges where it will likely be traded at much higher prices. And BLUNT is not just another governance token with no real value – it is used as the medium of exchange that is required to use BudBlockz.
As such, BLUNT can be a great addition to a portfolio of big cryptocurrencies like Matic and XRP. The cannabis market only started opening up a few years ago, with global legalization slowly trickling in. Economists project a $176b market cap by 2030, meaning there is immense opportunity for growth once more jurisdictions follow the decriminalization trend. So, BLUNT is not only a great small-cap coin that you can buy early on, but it also has inherent growth potential due to the cannabis industry still being at a very early stage with vast upside potential.
Why Matic And Ripple Investors Are Buying BudBlockz – Final Words
Large-cap coins such as Matic and Ripple are considered safe crypto investments. However, their growth potential is limited, and a well-balanced portfolio is only complete with a few small-cap coins with huge growth potential, such as BLUNT. BudBlockz is not only a first mover in a potentially huge industry, but you can also still buy its token before it even hits the market.
Learn more about BudBlockz (BLUNT) at the links below:
Official Website: https://budblockz.io/
Presale Registration:: https://app.budblockz.io/sign-up
BudBlockz Community Links: https://linktr.ee/budblockz
–
All other major cryptos mentioned in this article are available to purchase from leading exchange eToro