Ahmadreza R.
Ahmadreza R.
Nov 01, 2021

Is Bluzelle (BLZ) A Good Investment In 2022?

tl;drBluzelle is a decentralized data layer for dApps to manage data in a secure, censorship-resistant and highly scalable manner. The central vision of Bluzelle is to make the internet a safer and more secure place for people's and businesses' data. Bluzelle's investors enjoyed a 289% profit on their investment over the last year. Moreover, our data show that Bluzelle's popularity grew 10% on Twitter and 4% on Telegram. Bluzelle's market capitalization rank followed an overall declining trend over the last five months, starting from the rank of 412 on June 4, 2021, reaching 543 by the time of writing this post with approximately $78 million.
Is Bluzelle (BLZ) A Good Investment In 2022?
Is Bluzelle (BLZ) A Good Investment In 2022?
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Introduction

Bluzelle is a decentralized data layer for dApps to manage data in a secure, censorship-resistant and highly scalable manner. 

Bluzelle protects the intellectual property of all creators and artists, publishers, musicians, and scientists. This decentralized storage network is for the creator economy. The central vision of Bluzelle is to make the internet a safer and more secure place for people's and businesses' data.

Bluzelle's Most Important Features

BluzelleNet powers the entire ecosystem as a 10,000 TPS Proof-of-Stake network. Deliberately, the process of becoming a validator was designed to be easy with minimal technical knowledge. The aim is to provide the world's most available and secure database by a network of tens of thousands of nodes working together.

The main features of Bluzelle are:

  • Fully Decentralized:

On Bluzelle, data and files are randomly stored across multiple nodes, ensuring decentralization.

  • Replication:

On Bluzelle, you get backups across all nodes for the same price, all by paying once. Bluzelle guarantees that your file will always be there for you.

  • Retrieval Speed:

On Bluzelle, data retrieval is extremely fast. All the data and files are available across all nodes, and the info gets to the user from the fastest node.

  • Highest Privacy:

Bluzelle employs cryptography and sharing techniques to provide a privacy guarantee.

  • High Reliability:

Bluzelle stores small pieces of data on nodes globally, eliminating any single point of failure.

  • Enterprise Scalability:

Bluzelle store data in a unique, distributed, and intelligent way that provide enterprise-level scalability.

  • Data Immutability:

Bluzelle uses blockchain technology so that once data is stored in such a network, it is impossible to change the data.

  • High-Performance Speeds:

Bluzelle dynamically adjusts the location and the number of nodes sharing the consumer's data to meet performance metrics.

  • No Intruders:

Bluzelle's use of consensus is the only method to accept updates to the network as the truth.

  • Low Cost:

Bluzelle operates a minimal number of data centers and has little capital costs. Participant producers provide the vast majority of computer resources.

Financial Analysis

Bluzelle's investors enjoyed a 289% profit on their investment over the last year. Although they might seem happy, if they compare Bluzelle's Return On Investment (ROI) with similar projects' average ROI, they might change their minds! Its similar projects saw an almost double ROI over the last year (531%). Moreover, BLZ underperformed compared to the market's top 1500 projects in terms of average ROI.

Gaining public attention is a critical factor in determining the success of a crypto project. Our data show that Bluzelle's popularity grew 10% on Twitter and 4% on Telegram.

Bluzelle's market capitalization rank followed an overall declining trend over the last five months, starting from the rank of 412 on June 4, 2021, reaching 543 by the time of writing this post with approximately $78 million.

However, its price followed an opposite trend over the same time frame, growing from $0.21 on June 4, 2021, to $0.25 on October 31. Moreover, its liquidity is 42% below the market's average score, making it a bit difficult to sell in bear markets.

You are saying that Bluzelle is the best cryptocurrency to invest in?

We are here to help you make smarter financial decisions by freeing up your intelligence through making it easy to compare thousands of coins. We do all the hard work for you and help you remove emotions from your decisions. However, making an investment decision requires considering your own financial situation and comparing your investment options.

To see our reports and easily compare the available investment options, check out our website.

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