Why BudBlockz is Very Likely To Overtake Floki Inu and Dogelon Mars In 2023 – CryptoMode

In this article, we will look at why BudBlockz is very likely to overtake Floki Inu and Dogelon Mars in 2023. Dog meme coins had an insane price performance in 2020 and 2021, some of them making over 1000x. Floki Inu and Dogelon Mars were two of the late joiners and went live toward the end of 2021. Nonetheless, they both did over 100x within just a few months in 2021.

While it is not impossible that there will be another meme coin run, it is far more likely that the next bull run will be led by a new trend. One such trend could be the cannabis industry, with BudBlockz at the forefront.

What Is BudBlockz

BudBlockz is a decentralized e-commerce marketplace for the cannabis industry, built on the Ethereum blockchain. It aims to become the industry leader for all digital cannabis trade. To achieve that, BudBlockz is not only building a decentralized marketplace, but it is also bringing out its own NFTs, called Ganja Guruz. These NFTs allow you to gain fractional ownership of a percentage of cannabis farms and dispensaries, and other exclusive benefits, such as bonuses and discounts in participating stores.

BudBlockz token BLUNT will be used as the medium of exchange. This means that market participants, from the farmers to retail buyers, need to buy BLUNT to access the decentralized e-commerce marketplace.

Floki Inu’s Price Performance

Floki Inu was launched in summer of 2021. After slowly gaining some ground over the span of about two months, the price exploded between early September and early November 2021. Its all-time high was hit on November 5, 2021, at $0.00030955. Since then, Floki’s price has been on a down-only trend for about a year. At a current market cap of just about $80m, it has lost nearly all its gains. It seems to have found support between $0.000007 and $0.00001, but the price performance looks far from strong. 

Why Investors Are Selling Dogelon Mars

Dogelon’s price performance looks a bit better than Floki’s. However, its all-time high was also about a year ago and was hit on November 1, 2021. While the downtrend since then has not been as strong for Dogelon Mars as it was for Floki Inu, Dogelon holders are still selling it at ever-lower prices. Although ELON seems to have found some support between $0.00000026 and $0.00000044 and has a market cap of around $145m, it does not look like the downtrend is over. In fact, the recent bullish action for Dogecoin has not affected Dogelon much. Investors seem to have lost faith in meme coins that are not Dogecoin or Shiba Inu.

Why BudBlockz is Very Likely To Overtake Floki Inu and Dogelon Mars In 2023

Luckily, this makes space for a new trend, such as the cannabis market. Cannabis and marijuana have only just been legalized for recreational use in the US since 2012. But more states and more countries follow every year. However, the cannabis e-commerce trade is still in its infancy. Economists project a market cap of $176b for the cannabis market by 2030. In 2021, the market cap was an around $13m, so this would be a significant increase.

If BudBlockz gains even a small percentage of the e-commerce trade, its market cap would easily reach 1b within the next couple of years. In 2023, a market cap of 150m plus should also easily be achieved.

BudBlockz Performance 2023 – Final Words

BudBlockz has the first mover advantage in the incredibly young but promising cannabis market. Of the current $13b market cap, almost nothing is in Web3. So, if BudBlockz can only take over about 15% of the current market, it would already easily surpass Floki Inu and Dogelon in 2023, especially if investors keep selling the latter two.

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

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