BudBlockz (BLUNT) is only a week into its private sale, but early indications suggest that interest in the cannabis-oriented token is significantly greater than analysts predicted just a week ago. Like STEPN before it, BLUNT appears to be poised for sustained growth throughout its upcoming presale and after its Q4 2022 launch.
The token now sells at $0.021, gaining 40% from its private sale and analysts forecast it to approach $0.09 over the course of the presale’s three phases. Post-launch projections for BLUNT range from $0.14 to $0.29 by year’s end.
Some of the market’s enthusiasm has to do with the way BudBlockz is handling its initial pricing and market entry. While nowhere near as inexpensive as deflationary cryptocurrencies, BLUNT’s initial valuations, both for its private sale and for its more highly structured presale, are deliberately low. This approach gives early investors an extra incentive to add BLUNT to their portfolios, while broadening its appeal beyond the usual handful of insiders who typically benefit from untenably low private-sale valuations. Indeed, BudBlockz has taken the “private” out of its private sale, opening the opportunity to anyone with an ERC20-compatible wallet.
Each of these factors indicates that BudBlockz intends its pre-launch rounds to raise actual operating capital, and to begin building a large and resilient community. Its roadmap underscores this observation. Along with the usual community-uniting collectibles, a series of asset-backed NFTs will facilitate transactions on the BudBlockz platform. Most intriguingly, users will be able to enter mutually negotiated contracts for marginal ownership of cannabis companies across the entire supply chain. This approach will deliver needed working capital to growers, processors, distributors, and retail operations while engaging BudBlockz users in the actual workings of the cannabis industry—all on durable terms that reflect the priorities of all parties.
External forces also play a part in the optimism surrounding BudBlockz. The September 15 Merger, which will see Ethereum switch from a proof-of-work to a proof-of-stake basis, has been the subject of speculation ever since its announcement, but the consensus view is that it will support greater valuation of ERC20 tokens. BudBlockz is primed to benefit from this upsurge, and to reward early investors in the process.
STEPN provides a good example of a well-conceived token whose presale and post-launch prospects reflected the value it conveyed to a large audience. Its solid grounding and great timing allowed the token to rise from a launch price of $0.11 to nearly $4.00 in less than two months during the spring of 2022. Like the rest of the market, STEPN has cooled a bit, but it currently hovers between $0.65 and $1.00, representing an impressive, sustained return for those who got in early.
No one can predict the cryptocurrency market, and every investment entails risk. But its business model, its compelling use cases, and its prudent approach to a still-exploding consumer sector make BudBlockz a cryptocurrency to watch—now, in Q4 2022, and beyond.
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