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BudBlockz (BLUNT) is a cryptocurrency that has been making waves in the crypto community lately, thanks to its impressive performance following the bankruptcy of Genesis. The bankruptcy of Genesis, a major player in the crypto market, has sent shockwaves throughout the industry, causing many investors in traditional cryptocurrencies like Hedera (HBAR) and Ripple (XRP) to lose confidence. However, BudBlockz (BLUNT) weathered the storm and reached new heights.
One of the essential advantages of BudBlockz (BLUNT) is its stability. Unlike many other cryptocurrencies, which are known for their volatility, BudBlockz (BLUNT) has a stable value and is not subject to wild fluctuations. This uniqueness makes it an excellent option for long-term investors looking for a reliable and consistent return on investment. BudBlockz (BLUNT) is highly liquid due to its unmatched position in its industry, which makes it accessible to many investors.
Let’s explore how it’s skyrocketing as Hedera (HBAR) and Ripple (XRP) implode following the bankruptcy of Genesis.
BudBlockz (BLUNT) presents a solid prospect with the DeFi Push.
Despite the shock wave of Genesis bankruptcy, BudBlockz (BLUNT) shows strong prospects in revolutionizing the DeFi space. He launched BudSwap as a DeFi platform that facilitates peer-to-peer trading using the BLUNT token. Additionally, the DEX will be integrated into a wallet to allow people to easily convert their assets into products on the networks.
BudSwap will allow BLUNT holders to place their tokens in liquidity pools to help improve liquidity and secure the network. In exchange, token holders are entitled to a percentage of the network fee based on the number of BLUNT tokens wagered.
Another significant advantage of BudBlockz (BLUNT) is its community. The BudBlockz (BLUNT) community is very active and engaged, with a strong focus on education and awareness. This community is dedicated to helping others understand the benefits of blockchain technology and how they can benefit from investing in BudBlockz (BLUNT). Additionally, the community strives to promote the use of BudBlockz (BLUNT) in real-world applications, such as online marketplaces and other platforms.
Given its growing use cases around non-fungible tokens, decentralized finance, and play-to-win, BudBlockz (BLUNT) is poised to be one of the best utility tokens around.
Hedera (HBAR) folds following the bankruptcy of Genesis.
FTX (FTT) contagions are spreading through the crypto industry, with Genesis Capital filing for bankruptcy in New York, estimating liabilities between $1 billion and $10 billion and assets in the same range. The company intends to pursue a “dual-track process” which will include a “sale, capital increase and shareholding transaction”, allowing the business to “emerge under new ownership”. Genesis parent company Digital Currency Group suspended dividend withdrawals to maintain liquidity.
Since January 1, the Hedera scalable smart contract token (HBAR) has grown by 73%. The sudden rise saw only four minor pullbacks, each resulting in a loss of less than 2% in market value. With the recent development of Genesis bankruptcy, the HBAR price finally failed, dropping nearly 85% in less than a year. As a result, investors have started to practice cautious risk management despite the recent resurgence of the uptrend.
Ripple (XRP) implodes following Chapter 11 bankruptcy filing by Genesis
Jed McCaleb, the founder of Ripple (XRP), is one of Genesis’ biggest creditors. McCaleb began working on the source code for the XRP token in 2011; it later merged with payment startup Ripple. Within a year, McCaleb left Ripple (XRP) over alleged disagreements with other founders.
Between December 2020 and July 2022, McCaleb unwound approximately $2.5 billion in Ripple (XRP) tokens. Ripple (XRP) had fallen around 50% from earlier this year, when McCaleb was dumping millions of dollars worth of tokens every week.
In conclusion, BudBlockz (BLUNT) is a cryptocurrency that offers a unique combination of stability, community, and security. Its use of blockchain technology and its focus on real-world applications make it a highly desirable option for investors and traders. With its impressive performance following the bankruptcy of Genesis, BudBlockz (BLUNT) is well positioned to continue its upward trajectory in the months and years to come.
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Buy or learn more about BudBlockz (BLUNT) at the links below:
Official site: https://budblockz.io/
Pre-sale registration: https://app.budblockz.io/sign-up
BudBlockz Community Links: https://linktr.ee/budblockz