XRP and BNB are two of the most significant crypto coins. They have been part of the top 10 cryptocurrencies for the last couple of years. However, past success does not guarantee future performance. This becomes ever more apparent with the current issues Ripple (XPR) and Binance Coin (BNB) face in 2022. However, crumbling giants mean opportunities for new and promising projects. That is especially true if they are located in an industry with huge potential that has been largely undetected. The cannabis market is one of the best examples, and the new all-in-one decentralized solution BudBlockz allows you to access this market before everyone else does. But can BudBlocks even overtake XRP and BNB?
Issues Ripple (XRP) and Binance Coin (BNB) are currently facing
XRP and BNB are top 10 crypto coins, currently sitting at numbers 5 and 6. Binance Coin has a market cap of $43 billion, while XRP has about half that at $22 billion. However, their size does not make them immune to problems and attacks. Ripple has been confronted with an SEC lawsuit since December 2020. And while the CEO Brad Garlinghouse keeps predicting it will be over soon, no end is in sight. Until the lawsuit is closed, XRP is only supported by die-hard fans. But there is no actual prospect of growth until there is clarity on whether XRP is a security or not.
Binance Coin has faced some different issues. On October 6, the Binance Smart Chain suffered a hack that resulted in an exploit of $100m. As a result, Binance Smart Chain was shut down for several hours, and the price dropped by 10% on October 7. Binance is now performing a hard fork on October 12 to reverse the hack.
While it is somewhat disturbing to see that some of the biggest cryptocurrencies are facing lawsuits and are getting hacked, it gives up-and-coming projects a chance to penetrate the market and rise to the top.
BudBlockz the All in One Solution for Cannabis E-Commerce With Crypto
One such trending project is BudBlockz. BudBlockz is an all-in-one solution for the cannabis industry. They are not only building a decentralized cannabis marketplace on the blockchain, their native token $BLUNT will be the medium of exchange for all participants. They are also building an NFT marketplace, allowing NFT holders to profit from fractional ownership and membership benefits.
With the global legalization of cannabis becoming a reality, this is a great chance to be an early investor in a projected $176 billion market over the next decade. Cannabis sales grew by 38% from 2019 to 2020, bringing the total market cap to over $20 billion in 2022 with no slowing down in sight. The most prominent current players are already valued at around $8 billion.
Currently, e-commerce makes up about 30% of the consumer behavior in the cannabis market. As consumer behavior shifts to online, this will easily be over 50% over the coming decade. Suppose BudBlockz becomes the biggest ecommerce marketplace for the cannabis market and can own about ¼ of the total projected market cap of $176 billion. In that case, their native token $BLUNT, will easily overtake XRP and BNB, as this would bring their market cap to $44 billion. Plus, hype plays a significant role in crypto and could help the project become even more significant.
Conclusion
XRP and BNB are currently two of the strongest cryptocurrencies. However, more explosive growth is unlikely if they keep facing issues like lawsuits and hacks. On the other hand, promising projects in trending markets, such as BudBlockz in the cannabis e-commerce industry, have substantial growth opportunities. In the long run, BudBlockz could become the cannabis e-commerce market leader. And if that happens, it could easily overtake XRP and BNB. If you would like to profit from this growth opportunity, you can currently buy their native token $BLUNT in the presale at $0.025 before it gets released to the public.
Learn more about BudBlockz (BLUNT) at the links below:
Official Website: budblockz.io/
Presale Registration:: https://app.budblockz.io/sign-up
Telegram Group: https://t.me/BudBlockz
Discord Server: https://discord.gg/s7hBFgvTmN
All BudBlockz Links: https://linktr.ee/budblockz
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