25 Jan 2023 · 3 min read

BudBlockz (BLUNT) Soars As Hedera (HBAR) And Ripple (XRP) Implode In The Wake Of Genesis Bankruptcy

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BudBlockz (BLUNT) is a cryptocurrency making waves in the crypto community as of late, thanks to its impressive performance in the wake of the Genesis bankruptcy. The bankruptcy of Genesis, a significant player in the crypto market, has sent shockwaves throughout the industry, causing many investors to lose faith in traditional cryptocurrencies like Hedera (HBAR) and Ripple (XRP). However, BudBlockz (BLUNT) has weathered the storm and soared to new heights.

One of the critical benefits 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 because of its unrivaled standing in its industry, making it accessible to many investors.

Let's explore how it soars as Hedera (HBAR) and Ripple (XRP) implode in the wake of Genesis' bankruptcy.

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BudBlockz (BLUNT) Presents A Solid Prospect With The DeFi Push.

Despite the shockwave from Genesis' bankruptcy, BudBlockz (BLUNT) presents solid prospects by revolutionizing the DeFi space. It has launched BudSwap as a DeFi platform that facilitates peer-to-peer exchanges using the BLUNT token. Furthermore, the DEX will be integrated into a wallet to make it simple for people to convert their assets into products on the networks.

BudSwap will allow BLUNT holders to stake their tokens in liquidity pools to help improve liquidity and secure the network. In exchange, token holders are entitled to a percentage of network fees based on the number of BLUNT tokens staked. 

Another significant advantage of BudBlockz (BLUNT) is its community. The BudBlockz (BLUNT) community is highly active and engaged, with a strong focus on education and outreach. 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 works to promote using 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-earn, BudBlockz (BLUNT) is poised to be one of the top utility tokens.

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Hedera (HBAR) Flounders In The Wake Of Genesis Bankruptcy.

FTX (FTT) contagions are spreading throughout the crypto industry, with Genesis Capital filing for bankruptcy in New York, estimating liabilities in the $1 billion to $10 billion range and assets in the same range. The company intends to pursue a "dual track process" that will include a "sale, capital raise, and an equitization 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 scalable smart-contract token Hedera (HBAR) has increased by 73%. The sudden rise has only seen four minor pullbacks, each resulting in a loss of less than 2% in the market value. With the recent development of Genesis' bankruptcy, the HBAR price eventually failed, falling by almost 85% in less than a year. As a result, investors have begun to practice prudent risk management despite the recent uptrend rally.

Ripple (XRP) Implodes Following The Filing For Chapter 11 Bankruptcy By Genesis

Jed McCaleb, the founder of Ripple (XRP), is one of the largest creditors of Genesis. McCaleb began working on the source code for the XRP token in 2011; it later merged with the payments startup Ripple. Within a year, McCaleb left Ripple (XRP) due to alleged disagreements with other founders.

Between December 2020 and July 2022, McCaleb unwound approximately $2.5 billion in Ripple (XRP) tokens. Ripple (XRP) had dropped about 50% from earlier this year when McCaleb was dumping millions of dollars worth of tokens each 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 in the wake of the Genesis bankruptcy, BudBlockz (BLUNT) is well-positioned to continue its upward trajectory in the coming months and years.

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Purchase or 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