Over the course of the weekend, Bitcoin (BTC) broke through a rare “Golden Cross,” which is a positive indication that often forecasts gains in the immediate term. Since the most recent cross happened, prices are currently 1% higher than they were before. The performance of BTC in the days immediately after a cross has historically been very robust. Taking into account where Bitcoin’s price was after trading ended on February 18, a performance consistent with the norm would mean that its price will rise.
While BTC is gaining some traction, there are currently two cryptocurrencies that are making waves in the market with potential breakouts. BudBlockz (BLUNT) and Polygon (MATIC) are two cryptocurrencies that are now performing exceptionally well since they appear to be immune to major price volatility. Due to the fact that these assets have not responded in any way to unfavorable market patterns, investors may want to consider buying them.
BudBlockz Brings Together the Crypto and Cannabis Industries
Built on the Ethereum blockchain, BudBlockz aims to be a leading investment and e-commerce platform for the cannabis industry. The company contributes to the growth of the cannabis industry by establishing a trustworthy market in which the confidentiality of customer information, the safekeeping of data, and openness to scrutiny are prioritized.
In addition, Budblockz assists cannabis businesses in improving their logistics, managing their data, and maintaining transparency. The company is skilled at forming agreements with freshly established farms and dispensaries in the industry. This assists them in achieving one of their goals, which is to broaden their operations across the world. On the Ethereum blockchain, BudBlockz has issued a total of 10,000 of its spectacular NFTs named Ganja Guruz.
Those who purchase these NFTs are then considered to be verified members of the community. These individuals become qualified to make investments in the fractional ownership market once they have completed a Know Your Customer (KYC) application. The foundations for an NFT marketplace have been created by BudBlockz, and it is unequaled in its qualities of user authorization, compatibility, and ease of use.
Users have the potential to make a significant amount of BLUNT through the production and sale of NFTs on the marketplace. Signing petitions, taking part in P2E games, and staking one’s BLUNT tokens are some of the additional methods users can earn BLUNT. Holders of these digital assets are granted access to the fractional ownership market, substantial discounts, and free membership to dispensaries located all over the world.
BudBlockz (BLUNT) Price is On the Move
While BTC is holding its price above major support levels, the value of BudBlockz’s BLUNT coin is increasing. This is partly attributable to the novel way that BudBlockz provides for investors to enter the booming cannabis industry. Additionally, BLUNT’s deflationary nature is generating a lot of attention, with a total of 420,000,000 BLUNT tokens currently in circulation.
As reported by BlockchainReporter, BudBlockz has officially allocated 105 million BLUNT coins for its burn process in an effort to further strengthen the deflationary aspect of BLUNT. This is accomplished by allocating 2% of its total assets to the How High burn wallet, where any unsold BLUNT tokens from the token generation event will be transferred and burned.
The burning event is anticipated to have a substantial impact on the value of BLUNT, with many predicting a significant price increase. This will help strengthen BLUNT’s position as a deflationary token. The BudBlockz (BLUNT) team is making substantial efforts to demonstrate its faith in the platform’s long-term viability, with the presale phase project already generating waves in the cryptocurrency market.
Despite its recent introduction to the market, BudBlockz (BLUNT) is already displacing several of the leading cryptocurrencies in 2023. This is evidenced by the price increase of 235% during the presales phase, which has set a high standard for future developments. On the basis of current market estimations, many investors view BLUNT as the most promising cryptocurrency today.
Polygon (MATIC) Price Hints 40% Rally Ahead
The Polygon (MATIC) price reversed from the $1.53-$1.5 barrier and had a brief phase of correction. For five days in a row, the coin’s price has declined by 11.3% to reach $1.36, a decline that has lasted five days. This decline, however, is the retest phase of the previously accomplished rounding bottom pattern after the $1.31 barrier breach. The price behavior of MATIC coin over the past three months has revealed the construction of a rounded bottom pattern.
The pattern is generated when the price of a coin falls steadily to a low point, then begins a smooth, rounded ascent. This slow increase may continue until the price attains a level at or above the pattern’s initiation point. On February 15th, the MATIC price broke out in a positive direction from the neckline resistance at $1.31, signaling buyer confidence in attaining a higher level. But, as noted, MATIC produced a local top at $1.53 and retested the broken resistance.
This decline coupled with low transaction volume indicates that the correction phase is brief. If the coin’s price demonstrates sustainability above $1.33 to $1.31, interested traders may seek entry opportunities. The post-retest rise could push the price of each coin 40% higher, to $1.88. On the other hand, this potential bullish rise may encounter resistance between $1.53-$1.5 and $1.74-$1.7.
