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Cryptocurrencies are under immense pressure amid inflation, and investors are shunning riskier bets after the FTX exchange collapse. However, after double-digit pullbacks from record highs, valuations look increasingly enticing, especially for established projects with proven prospects. Cardano and Aave are some of the projects that have the potential to make it through the current bear circle. BudBlockz is another emerging project eliciting interest from whales owing to its potential to transform the cannabis sector.
Cardano dApps and DeFi Prospects
Cardano has felt the full brunt of investors shunning the volatile cryptocurrency sector. The coin is down by more than 80%, succumbing to the bearish momentum. Nevertheless, the project’s long-term prospects remain intact. It continues to gain traction with users, developers, and investors, going by the growth in the number of active crypto wallets.
Like Ethereum, Cardano comes with smart contract functionality making it an ideal platform for developing decentralized applications (dApps) and decentralized finance (DeFi) platforms. Additionally, Cardano is making serious strides into the non-fungible token market, an area with tremendous opportunities for growth. It also plans to launch a new Stablecoin that will be fully regulatory compliant.
Aave Lending Prospects
While Cardano is focused on disrupting the development of decentralized applications and DeFi platforms, Aave, with its native token AAVE, has set out to disrupt the lending industry. The Ethereum project is a decentralized protocol that allows users to borrow and lend crypto without any central intermediary.
Aave stands out for allowing users to lend and borrow large cryptocurrencies like Ethereum and stablecoins like Tether through liquidity pools. Users who lend their tokens to the network to enhance liquidity pools earn a return depending on the tokens staked. In addition, the fact that people can lend and borrow tokenized versions of tangible world assets such as real estate continues to strengthen Aave’s prospects.
BudBlockz vs Cardano vs Aave
BudBlockz is also well positioned to rival Cardano and Aave for investors’ dollars going by its tremendous opportunities for growth. The Ethereum-powered project has moved to enhance transactions in the multi-billion cannabis industry. It has already established a decentralized application that allows users to securely and transparently buy and sell medical cannabis.
The first-of-its-kind blockchain e-commerce platform will leverage smart contracts to enhance the tracking of the cannabis plant life cycle while ensuring compliance with regulations. In addition, the use of blockchain is poised to enhance transparency and security, enabling BudBlockz to take advantage of the multi-billion opportunity.
BudBlockz has unveiled a decentralized finance platform, BudSwap, that will enable peer-to-peer cryptocurrency transactions in the ecosystem. In addition, the platform will make it easy for people to borrow and lend crypto at some of the lowest costs.
BudBlockz’s edge as a must-watch crypto project stems from its push for growth opportunities in the non-fungible token market. Its line of NFT collection Ganja Guruz should continue to elicit strong interest owing to the unique benefits they offer users in the ecosystem. With the NFTs, people will enjoy membership access to cannabis farms and dispensaries and fractional ownership stakes.
Bottom Line
Cardano, BudBlockz, and Aave are the three cryptocurrencies well-positioned to survive the current bear market, given their solid use cases. Cardano is well established in developing dApps, and DeFi Platforms as Aave transforms the lending and borrowing of cryptos. BudBlockz, on the other hand, is bridging the gap between cannabis and cryptos.
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Learn more about BudBlockz (BLUNT) at the links below:
Official Website: https://budblockz.io/Â
Presale Registration:: https://app.budblockz.io/sign-upÂ
BudBlockz Community Links: https://linktr.ee/budblockz
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All other major cryptos mentioned in this article are available to purchase from  leading exchange eToroÂ
