When the bear market hit, almost all cryptocurrencies, including Chainlink (LINK) and Cardano (ADA), declined in value. Investors are now looking to diversify their portfolios and invest in more stable currencies like BudBlockz (BLUNT).

For starters, Chainlink recently made headlines for their new version 1.9.0 node software update, an upgrade that promised to improve the flexibility and management capacity of oracle jobs. 

LINK press time gave it the attention it needed, and according to CoinMarketCap, its price has increased by more than 7% this week.

Chainlink traded well until following the market uptick over the past seven days. It has also endured an increase in network volume, indicating a further rise in price in the coming days.

Cardano (ADA) is also experiencing an increase in its network activity, recording a peak transaction rate of 97,959, representing a 75% increase since previous months. But even amidst these breakthroughs, renowned market analysts still have some doubts surrounding Cardano’s short-term future.

Jason Pizzino was quoted as saying, “I don’t think ADA is going to hold out. I don’t think it will be back above $0.60 anytime soon.”

From a Unique Point of View

The BudBlockz BLUNT token, whose intended purpose is to revolutionize legal marijuana, has been making headlines since the project was announced in August 2022. The BLUNT token promises feature like decentralized eCommerce, access to global cannabis dispensaries, play-to-earn gaming, and an exciting NFT collection.

So far, the BudBlockz presale has been tremendously successful, growing in value by over 120% and raising over $1 million in the process. But that’s just the start as the BudBlockz team prepares to release its Ganja Guru NFT collection before the end of 2022 

BudBlockz is taking up a unique position within an already booming cannabis industry. It has been predicted that the global cannabis market will be valued at over $175billion before the end of this decade. Looking at the potential of BudBlockz and the innovation it will bring to the sector; there is no reason why BudBlockz can not be a significant player and have BLUNT become a leading payment option in the CBD revolution.

The BLUNT token will primarily serve as a currency for settling payments between cannabis enthusiasts, Guru NFT holders, investors, and traders within the BudBlockz community and outside the BudBlockz ecosystem.

BudBlockz has proven to be an exciting project in its infancy. If the success of recent leading presales such as StepN and Tamadoge is anything to go by, the success can last a while, netting investors a pretty penny along the way. 

Learn more about BudBlockz (BLUNT) at the links below:

Official Website: https://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

The cryptocurrency market is showing a little bit of life today after yesterday’s drastic collapse, during which many of the top coins had shed 10% or more of their value. Overall, the market is up a couple percentage points today—and when it comes to meme coins and tokens, Shiba Inu is rising at a higher clip than its chief rival, Dogecoin.

Shiba Inu (SHIB) is up about 5% over the last 24 hours, as of this writing, per data from CoinMarketCap, and currently sits at a price of $0.00001615. Dogecoin (DOGE), on the other hand, is up less than 1% at a current price of $0.109833.

What’s triggering SHIB’s speedier recapture of value? There’s no obvious sign this time around—no tweet or announcement from the creators or a major influencer, nor does the 24-hour chart show any sudden pops.

It’s possible that Shiba Inu simply fell harder yesterday amid the wider market carnage, and then has bounced back up a bit harder as a result. Meme coins and tokens are famously volatile and can swing wildly in value in either direction, even when it’s ultimately fractions of a penny.

Still, Shiba Inu has weathered the tougher losses of late. It’s down about 21% over the past week, and 33% over the past 30 days. Compare that to DOGE, which has shed about 16% of its value in the last week, and 23% during the last month.

Ultimately, both of the coins have lost a significant amount of their value since setting their respective peaks in 2021. Shiba Inu has dropped 81% in value since its October all-time high, while Dogecoin is down 85% since it peaked in May 2021 ahead of the wider market crash.

Compare that to the leading cryptocurrencies, Bitcoin and Ethereum, which are down 55% and 52% respectively from their all-time highs, both set last November.

Shiba Inu hit a seven-month low yesterday amid the overall crypto market chaos, while Dogecoin is down to its lowest point in more than a year—since April 2021.

Bitcoin, Ethereum and Dogecoin traded higher over 24 hours leading up to Monday evening as the global cryptocurrency market cap rose 2.35% to $1.9 trillion.

​​

Price Performance Of Major Coins

Coin	24-hour	7-day	Price
Bitcoin BTC/USD	2.9%	-1.4%	$40,447.36
Ethereum ETH/USD	3.6%	-2.3%	$3,009.73
Dogecoin DOGE/USD	19.8%	11.6%	$0.16

Top 24-Hour Gainers (Data via CoinMarketCap)

Cryptocurrency	24-Hour % Change (+/-)	Price
Dogecoin (DOGE)	+19.8%	$0.16
ApeCoin (APE)	+15.5%	$19.22
THORChain (RUNE)	+8.7%	​​$8.46

See Also: Best USDC Interest Rates

Why It Matters: The specter of a 50-basis point interest rate hike may no longer be spooking investors, according to analysts. 

Marcus Sotiriou, an analyst with the U.K.-based digital asset broker GlobalBlock said in a note “I am still cautiously bullish. This is because the market was already expecting a 50-basis point rate hike before Jerome Powell’s announcement last week, so this news has already been priced in to a large extent. This could lead to a buy-the-fact event on the day of the FOMC meeting on 3rd-4th May.”

The apex coin has regained the $40,000 level as investors “get close to fully pricing in Fed tightening for the year,” said Edward Moya, a senior market analyst with OANDA.

However, Moya said that inflation needs to “show signs” of peaking soon for crypto traders to receive the greenlight to scale back in.

Bears may be losing their grip on the market. Cryptocurrency trader Michaël van de Poppe tweeted there is great bullish divergence on Bitcoin and “bouncing from higher timeframes level here.

Sharing the apex coin’s chart, he said, “​​Looks ready for bullish continuation.”

Great bullish divergence on #Bitcoin and bouncing from higher timeframes level here.

Looks ready for bullish continuation. pic.twitter.com/IWswR6JDjp

— Michaël van de Poppe (@CryptoMichNL) April 25, 2022

When prices of Bitcoin fell from $39,900 to $38,200, the holdings of Bitcoin whale addresses that contain 10,000 to 100,000 coins rose by nearly 2%, according to a tweet from chartist Ali Martinez. 

#Bitcoin whales took advantage of the recent downswing to buy 40,000 $BTC, worth $1.6 billion!

Data from @santimentfeed shows that addresses with 10,000 to 100,000 #BTC increased their holdings by nearly 2%, while prices dropped from $39,900 to $38,200. pic.twitter.com/rCiJi2At4K

— Ali Martinez (@ali_charts) April 25, 2022

Monday’s top gainer was Dogecoin, which benefitted from the news of Tesla Inc TSLA CEO Elon Musk formalizing the purchase of Twitter, said Santiment on Twitter.

“We have historically seen that #memecoins benefit from [Musk] developments,” said Santiment.

Potentially related to the news of #ElonMusk‘s nearly formalized purchase of #Twitter today, #Dogecoin has pumped +19% over the past six hours. We have historically seen that #memecoins benefit from #Musk developments, & we’ll monitor this situation. https://t.co/kw3qtVBZ2k pic.twitter.com/iGgxkW0OPv

— Santiment (@santimentfeed) April 25, 2022

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