2022 has been a downward spiral year for the cryptocurrency market. While most coins have pulled to levels not seen in years’ investors are increasingly searching for projects that will give better returns in 2023. BudBlockz is one project that continues to elicit strong interest, given its game-changing ambitions. In contrast, Chainlink and Ripple could remain under pressure.

Ripple Regulatory Headwinds

Following the recent selloff, the focus is increasingly shifting away from projects that have shed significant amounts of market value. Ripple is one of the projects that are down by more than 60% for the year, having felt the full brunt of investors shunning riskier bets.

Regulatory headwinds have been the biggest challenge that has affected Ripple sentiments in the market. While Ripple has the potential to revolutionize the mainstream financial sector, its inability to solve its stalemate with regulators in the US could affect its performance in 2023. Ripple has been under scrutiny for allegedly raising funds illegally through the sale of digital assets in an unregistered way.

On the other hand, Chainlink boasts of tremendous potential as an oracle chain that links blockchains to the outside world. Its ability to act as a middleware between smart contract platforms and external data sources has always been game-changing.

However, just like Ripple, it also remains under pressure; its native coin, LINK, has lost more than 70% market value. Moreover, the project faces…