BudBlockz, Aptos, and Chainlink Look Strong Going Into the New Year

Sentiments in the cryptocurrency sector have turned sour as investors continue to flee riskier assets. However, despite the fear and uncertainty in the industry, some projects stand out as gems amid depressed valuation levels. The focus will be on projects with tremendous potential, including BudBlockz Aptos and Chainlink, as we head into 2023.

BudBlockz Cannabis NFT DeFi Growth Opportunities

BudBlockz is still in its infancy stages but with tremendous potential as it pursues growth in the cannabis and cryptocurrency sectors. The latest project on the block seeks to make it easy for people to buy, sell and trade cannabis products. While leveraging blockchain technology, it is on the cusp of unveiling an e-commerce platform allowing people to trade various cannabis products efficiently, securely, and transparently.

Launching the first-of-its-kind decentralized online commerce platform should position BudBlockz for tremendous growth, going by the growing market demand for such a product. Furthermore, as more States and Countries legalize and decriminalize cannabis, BudBlockz can enjoy the first-mover advantage.

In addition to bridging the gap between cannabis and cryptocurrencies, BudBlockz has also set sights on Non-Fungible Tokens (NFT), an area with tremendous opportunities for growth. It has already launched Ganja Guruz, a line of NFTs that will offer investors access to fractional stakes in cannabis farms, dispensaries, and manufacturing facilities. Additionally, it will enable access to several cannabis stores and dispensaries.

BudBlockz is also pursuing opportunities for growth in the Decentralized Finance (DeFi) space with its unique BudSwap platform. The platform will make it easy for people to trade and receive cryptocurrency payments in a decentralized way. The future can only be bright for the crypto-cannabis project going by the avenues of growth.

Chainlink Depressed Valuation

As BudBlockz looks to revolutionize the cannabis sector by leveraging blockchain technology, Chainlink is also emerging as a rising star in the cryptocurrency sector with tremendous prospects in 2023. While leveraging blockchain technology, the project seeks to offer seamless connections between smart contracts and data sources. Consequently, it should make it easy for enterprises to interact with blockchain solutions more securely.

Chainlink offers all the necessary tools that one might need to tap into robust data feeds while providing rock-solid security and flexible pricing options. Demand for the underlying token should grow as adoption of the underlying technology increases. While the token’s valuation has tanked by more than 20% in recent months, it is currently trading at a discount going by the solid underlying fundamentals.

Aptos Solana Killer

Aptos is another cryptocurrency worth paying attention to heading into 2023. The coin is dubbed “Solana Killer” because it promises up to 100,000 transactions per second on its mainnet. With such a high throughput, it should enjoy tremendous success in the decentralized finance space where the rate at which transactions are processed is a big deal.

Aptos stands out as it is developed by Aptos Labs, led by former Meta employees. It also employs brand-new smart contract syntax. An ideal throughput would be greater than 100,000 transactions per second.

Bottom Line

The short-term outlook in the cryptocurrency sector might be bleak, but long-term prospects remain intact. BudBlockz, Aptos, and Chainlink are some of the projects worth paying attention to heading into 2023.