Shiba Inu (SHIB) atteint a historic high in Octoberrising over 153,000,000% since its 52-week low on November 28, 2020. In contrast, the token itself has lost around half of its value, showing how quickly the tide can turn. when it comes to crypto-assets, backed by the hype.
Although some investors may see this as a buying opportunity, it is advisable to proceed with caution, as the chances of Shiba Inu making a recall are, to say the least, slim.
Besides, there are more than 20,000 other cryptocurrencies, and many of them seem to be long-term investments much more interesting. Among the newcomers, Budblockz (BLUNT), is a strong argument.
The SHIB Rally
What started as a joke quickly turned into a cryptocurrency project revolutionary. Shiba Inu (SHIB) is a cryptocurrency that was launched in August 2020 by Ryoshi, a computer programmer conducting an experiment on community governance for cryptocurrency adoption.
Ryoshi’s findings shocked the world. The results of the experiment show the essential role that a project’s community plays in its development, growth, adoption and longevity.
The Shiba Inu (SHIB) token was launched on la blockchain Ethereum, enabling smart contract functionality. This makes Shiba Inu more scalable than Dogecoin, as it makes it easier to build and develop apps and other tokens without the need for a strong blockchain.
Programmers and developers could copy and paste their code onto the new blockchain instead of starting from scratch. In March 2021, Elon Musk, CEO of Tesla and SpaceX, announced on Twitter his intention to purchase a Shiba Inu puppy.
Due to the involvement and commitment ofElon Musk in the Dogecoin project, the Internet saw it as a call and a signal to buy the project quickly. This resulted in a 300% rise in the price of the SHIB token.
If you missed Shiba Inu in 2021, you don’t have to worry. BudBlockz is another great opportunity to join a promising project early.
The rise of BudBlockz (BLUNT)
BudBlockz (BLUNT) has only been on presale for just over a month, but it has already attracted interest from experienced crypto investors who trust its unique value proposition. BudBlockz is developing an investment protocol that combines decentralized e-commerce, digital trading and the NFT market, allowing consumers to invest in the growing cannabis industry.
This unique use case is expected to drive the price of BudBlockz’s native token exponentially higher, $BLUNT. The BudBlockz developers do whatever it takes to create a platform that will stand out from the rest.
The platform’s smart contract has passed an audit by Solidity Finance et Solid Proof, which shows that BudBlockz is a safe investment. BudBlockz (BLUNT) raised over $1 million in the pre-sale phase and continues to raise additional funds. Early investors are praising the potential this cannabis token has shown. They look set to hold BLUNT for a long time to get a 100x return in early 2023.
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