Experts Predict Bear Market While BudBlockz NFT Collection Continues To Boom

1 December 2022

in NFT

Reading Time: 4 mins read

by IndustryTrends December 1, 2022

The bear market in the crypto space has continued deep into 2022. Many had initially hoped the year would be one of significant milestones and profits in the cryptocurrency industry, but the past several months have proven otherwise. It has instilled a lot of fear and panic in investors, as many are now suffering losses, and others are unsure of their next step in the ecosystem.

While many cryptocurrency analysts and experts remain optimistic and believe that a bull market is around the corner, others have made predictions that suggest that the bear market could go on for much longer.

There is no accurate prediction of when the current market downturn will end. However, there are certain investments that investors should look into if they want to revitalize their portfolios and turn a profit. The BudBlockz project and its NFT collection, Ganja Guruz, are a great example and one that has caught the eye of investors.

Crypto Giants Have Not Been Spared From the Impact of the Bear Market

Due to the global increase in inflation, fear and uncertainty have gripped the cryptocurrency market, which has resulted in a significant reduction in crypto investment, further piloting the industry into the bear market. It has also resulted in investors changing their locations to mine tokens after countries like China moved to ban Bitcoin mining.

Also, following the collapse of FTX (FTT), the prices of cryptocurrencies have suffered from volatility. This is expected, as FTX was one of the largest and fastest-growing platforms for crypto exchanges. In early November 2022, the exchange filed for bankruptcy. This news has negatively affected the ecosystem, forcing analysts to believe the bear market won’t be ending anytime soon.

BudBlockz (BLUNT) is a Project that is Bringing Welcome Optimism to the Market

BudBlockz (BLUNT) is a new project that seeks to bridge the gap between cannabis, its users, and the crypto sector. BudBlockz possesses unique features that will advance the legal cannabis industry. It is one of the many reasons for the project’s fast growth in popularity and demand is making its native token, BLUNT, and NFT Collection, Ganja Guruz, rise rapidly in value.

BudBlockz has created a community-friendly e-commerce website for legal cannabis users. It is a platform powered by blockchain technology that promises speedy, safe, secure, and cheap services. However, despite possessing a streamlined e-commerce platform for cannabis enthusiasts and a fast-growing community, experts believe that BLUNT is still extremely undervalued.

Ganja Guruz – BudBlockz’s NFT Collection With a Difference

BudBlockz (BLUNT) has launched an NFT collection called the Ganja Guruz. This series consists of digital artworks based on popular video games from the 1990s. It is built on the ERC-721 protocol on the Ethereum network.

Once an NFT is bought from the Ganja Guruz Collection, its owner can own a stake in BudBlockz’s cannabis farms and dispensaries through the fractional ownership system. NFT buyers must first fill out a KYC application to own fractions in the facilities.

Many experts believe the Ganja Guruz NFT collection will register better returns than other blue-chip NFTs in the near future.