Every day hundreds of new cryptocurrency projects hit the market. Thus, the number of cryptocurrencies in the market has increased to more than 22,000. The reality is that most of these projects won’t go very far. Only a few will experience real success, allowing their early investors to generate attractive profits.
On this, a few questions arise: in which token to invest? Which one is most likely to see a big increase in the future?
Today, we are taking stock of 3 separate projects: BudBlockz (BLUNT), PancakeSwap (CAKE) and Ocean Protocol (OCEAN). These are interesting tokens to buy for the month of November 2022.
PancakeSwap (CAKE)
PancakeSwap is a token from Decentralized Finance (DeFi). Thus, PancakeSwap moves away from traditional crypto projects, since PancakeSwap operates on a decentralized exchange with an automated market maker (AMM).
Linked to Ethereum in the form of two smart contracts, PancakeSwap has the particularity of providing liquidity directly from liquidity providers (LP). In a way, it promotes transparency by eliminating intermediaries or authorizations.
PancakeSwap is an integral part of Binance’s Smart Chain-based decentralized exchange. Additionally, it has a sprawling community of developers, users, and tools to build powerful DeFi applications.
Ocean Protocol (OCEAN)
Ocean is one protocole open-source which aims to allow individuals, companies to exchange, monetize data and data-based services.
The platform is hosted on the Ethereum blockchain and uses “data tokens” to provide access to datasets. The tokens are then redeemed by users who need to access the information.
Indeed, Ocean Protocol seeks to make all the data on its platform available to startups and researchers without the data having to leave the hands of those who store it.
Ocean’s software is built to facilitate this data exchange, connecting users who need data. And those who do not have the resources to store them with those who have resources available. Suppliers receive OCEAN, the native cryptocurrency, in exchange for their work.
Over the past month, Ocean Protocol price increased by 3.93%. The project is another example of a pioneering and very recent venture that is now attracting many investors.
BudBlockz (BLUNT)
BudBlockz is designed to bring cannabis lovers together. And since the platform is based on the Ethereum blockchain, it allows the use of DEX and other DeFi products.
BudBlockz’s native token, $BLUNT, will serve the community in many ways. First, it will be a digital medium of exchange, allowing users to buy and sell cannabis-related goods and services.
Additionally, it will provide liquidity for the NFT marketplace, partial ownership opportunities, dispensaries, and farms. Therefore, it will improve the community aspects of the platformwhich aims to strengthen the marijuana industry.
BLUNT token holders can make proposals, discuss and vote. In addition, it allows you to have a voice in decision-making on the development of the ecosystem. BudBlockz will have a more inclusive and decentralized governance approach that will facilitate a sense of community.
The ongoing BudBlockz presale is a great opportunity for cryptocurrency investors to be part of two fast-growing markets, namely marijuana and cryptocurrencies.
Learn more about BudBlockz (BLUNT) here:
