Cryptocurrencies are created with various economic models in mind, even though most of them possess the same underlying technology. These economic models are known as tokenomics. Some cryptocurrencies have an increasing supply of tokens, whereas others have a strictly limited supply. However, there are a few cryptocurrencies whose total supply is designed to be constantly decreasing. These are known as deflationary cryptocurrencies, and they have recently gained popularity.
As more tokens are burned, the supply of a deflationary cryptocurrency decreases over time. As supply continues to dwindle, prices in the market should rise. While deflationary cryptocurrencies are popping up all over the place, there is a need to look closely at those that will make a good picks in 2023.
Let’s dive into why Budblockz (BLUNT), Binance (BNB), and Litecoin (LTC) could be fine picks in 2023
BNB shows signs of a bull run
During the current bear market, crypto adherents have had it tough, as most digital assets have posted double-digit percentage losses. Some crypto coins have reported profits or slight losses in the sea of red. Throughout the bear market, analysts frequently mention BNB exhibiting signs of strength.
BNB has gained some security by being linked to the world’s largest crypto exchange. BNB has real-world, solid use cases, and the deflationary quality has boosted confidence in the exchange token.
BNB, originally built on the Ethereum network, has since migrated to its parent, BNB Smart Chain (BSC). As a result, BNB transactions can now be processed more quickly and effectively. BNB has recently shown signs of strength, indicating that the bull run has begun.
Litecoin (LTC) keeps evolving with the high speed of transactions.
Litecoin (LTC) has increased transaction speed, attracting many users. Users can process transactions four times faster on its platform than on the Bitcoin blockchain. Litecoin may not be the fastest cryptocurrency right now, but it is showing some promising technological developments that make it worthwhile.
When infusing, accumulating coins that are easy to trade for cash when needed is crucial. It is imperative if you are entering a short-term trade and want to benefit quickly from price changes. The large market capitalization protects Litecoin (LTC), which means that a few whales cannot manipulate the price to their liking.
Litecoin (LTC) is one of the most liquid digital coins on the market. This liquidity, combined with the deflationary quality, makes Litecoin a good pick.
Budblockz (BLUNT) is already breaking records
Budblockz (BLUNT) is being developed for marijuana enthusiasts and related businesses on the Ethereum blockchain. It allows individuals to invest in these expanding sectors at the same time. If you own a cryptocurrency, you can convert BNB, Ethereum, Dogecoin, and many others into Budblockz tokens.
Many are looking for exposure to both markets as cryptocurrencies resume growth, and marijuana legalization expands globally. Participating in the Budblockz ecosystem is one of the best ways to exploit the growth potential of both markets.
It is a platform that promotes the marijuana industry by utilizing blockchain technology. BLUNT, as a deflationary token, allows users to buy, sell, and trade virtual marijuana products with the prospect of increasing token prices without using a traditional banking system.
Budblockz (BLUNT) is a fantastic opportunity in the cannabis and cryptocurrency industries. Both industries are thriving and will continue to expand. Budblockz is breaking records in the presale stage.
Learn more about BudBlockz (BLUNT) at the links below:
Official Website: https://budblockz.io/
Presale Registration:: https://app.budblockz.io/sign-up
BudBlockz Community Links: https://linktr.ee/budblockz
Use the promo code “CYBERWEEK” to receive a 20% bonus on your $BLUNT purchase before 5 December 2022.
Disclaimer: This is a sponsored article, and views in it do not represent those of, nor should they be attributed to, ZyCrypto. Readers should conduct independent research before taking any actions related to the company, product, or crypto projects mentioned in this piece; nor can this article be regarded as investment advice.