The cryptocurrency market has stabilized after the troubles at the FTX exchange. Hopes of a quick boost to trading volumes have not happened for the decentralized exchanges but they may come into favour if there are other issues at centralized exchanges, which have recently slashed staff numbers to save money. In this article, we discuss the price expectations for Pancake Swap (CAKE) and Uniswap (UNI). We also give a price prediction for Uwerx which should outperform the DEX coins easily.
Uwerx (WERX) Can Gain With Disruption
Uwerx has a key advantage over decentralized exchanges as it has no blockchain competition. The project wants to disrupt the world of freelance work platforms and at present, the only competition is from Web2 companies such as PeoplePerHour and Fiverr. Uwerx can bring big benefits for employers and freelance workers with the digital ledger and that is why the project has already passed an external audit from InterFi Network and SolidProof.
Uwerx is currently in a token presale but analysts believe it can soar to a price of $2.60 in 2023. Investors can get access to strong upside potential at an early stage. They can also relax in the knowledge that the development capital will be locked up in the project for 25 years after the presale ends. That is a big deal and offers a long-term investment that can win big for investors. We strongly believe this could be an opportunity to get into a future blue-chip cryptocurrency at an extremely good price. Some analysts believe that the coin can rally up to 8,500% as the market catches on to this project.
Pancake Swap (CAKE) Struggles to FTX Boost
Pancake Swap (CAKE) has seen its trading volumes fall in the bear market in 2022. The decentralized exchange (DEX) has seen its trading volumes fall from around $1 million per day to the current $300k. If the FTX exchange collapse created a vacuum for trading volumes, then Pancake Swap (CAKE) has not seen a boost from the displaced users.
Pancake Swap (CAKE) saw its price fall from around $12 to the current price of $3.37. The prospects for Pancake Swap (CAKE) are obviously tied to the fate of the overall cryptocurrency market. The price prediction for 2023 is likely to be contained and the likelihood is a price of around $6/8. Pancake Swap (CAKE) has been increasingly tied to the Aptos (APT) project but Pancake needs to find some big new coins as liquidity has dried up.
Uniswap (UNI) Suffers Same Fate but Has V3
Uniswap (UNI) is still the dominant DEX with three million unique wallets transacting a total of 68 million times with a total volume of over $620 billion last year. The next step for Uniswap (UNI) is its V3 version of the exchange which will give the project an opportunity to put further distance between itself and its rivals. In October, Uniswap also announced the completion of a $165 million Series B funding round. Investors included A16z Crypto, Paradigm, SV Angel, and Variant.
Uniswap (UNI) has also talked of expansion into the trading of additional digital assets. Uniswap (UNI) is planning to target the non-fungible token (NFT) sector first and from there, it could move into any tradable digital asset. A recent paper from Uniswap labs talked of the $2.2 trillion daily FX volumes that carry counterparty risk and the project may seek to launch foreign currency assets down the line. Uniswap (UNI) currently trades around the £6.00 level and a price prediction for 2023 is likely to be capped around the $12-15 range unless a real bullish market takes hold.
We believe in the potential of Uwerx, it has strong fundamentals and a dedicated team behind it. A blue-chip cryptocurrency could be in the making. Join the presale using the links below before Sunday’s price increase, currently, all purchases have a 25% purchase bonus and a competition to win $5,000 is ongoing
Presale: invest.uwerx.network
Telegram: https://t.me/uwerx_network
Twitter: https://twitter.com/uwerx_network
Website: https://www.uwerx.network/
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