Cryptonews News BudBlockz (BLUNT) And Algorand (ALGO) Will Be The Most Popular Cryptocurrencies Of 2023

BudBlockz (BLUNT) And Algorand (ALGO) Will Be The Most Popular Cryptocurrencies Of 2023

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In 2023, throughout the blockchain space, there will be over 22,000 cryptocurrencies for cryptocurrency traders as well as investors to pick from. However, out of them, some stand out and prove to be popular, while others fall behind.

Out of all of the cryptocurrencies currently available, 2023 has proven to be a solid start for two specific options, and these include BudBlockz (BLUNT) and Algorand (ALGO).

As such, today, we are going to be exploring exactly why this is the case and why these two cryptocurrencies were the main point of discussion and appeal among traders and investors.

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BudBlockz (BLUNT)

BudBlockz gathered a high level of attraction as well as attention due to the fact that it takes an innovative approach to the cannabis market through the creation of an e-commerce platform accessible to everyone.

In fact, anyone on a global scale can now access, buy, sell or trade, and even make investments within the cannabis space through the platform.

BudBlockz tackles one of the critical issues that marijuana corporations have had throughout their history: logistics, fundraising, and data management. BudBlockz operates through the utilization of its native cryptocurrency, known as BLUNT.

Through this BLUNT token, anyone can exchange value, or gain access to specific investments across cannabis corporations, along the lines of dispensaries, farms, or even CBD manufacturers.

There’s also a marketplace for non-fungible tokens (NFTs), which promotes transparency, security, mainstream appeal, and permissionless participation. The appeal is within the fractionalized ownership of NFTs, which means that there is not a large upfront cost associated with making investments within the cannabis industry. All of these factors have led to its growth and overall appeal.

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Algorand (ALGO)

Algorand is another cryptocurrency that took the blockchain space by storm throughout 2023 and is an open-source, permissionless Pure Proof-of-Stake (PPoS) blockchain protocol that aims to enable a high level of protection, speed, and decentralization.

Algorant’s main competitors include large payment and financial networks, where it has prioritized industrial use cases.

Algorand also offers highly-customizable smart contracts (ASCs) alongside Asset Tokenization use cases and Atomic Transfers.

ALGO is the native cryptocurrency utilized to power the Algorand Protocol and is the coin used as a medium of exchange within the network and as a store of value. ALGO has the additional utility of being staked by the network validators.

Which One Should You Pick?

Algorand and its native cryptocurrency ALGO stand out mainly due to its usage of Pure Proof-of-Stake (PPoS), alongside the level of utility surrounding the ALGO coin, which plays an essential role in the security of the network.

However, BudBlockz innovates further on top of the blockchain space by providing fractionalized purchases within the cannabis industry, enabling anyone from anywhere to make investments within that specific field, which might have been otherwise restricted to them.

Additionally, experts predict that throughout the next ten years, the cannabis industry can climb to $176.5 billion from its global market cap, and BLUNT can be an entry point for this industry for many people. These factors are the reason why BLUNT and ALGO can be the most popular cryptocurrencies throughout 2023 and beyond.

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