Investors are looking for the next big opportunity in the cryptocurrency market and three coins that have potential are Crypto.com (CRO), Algorand (ALGO), and Uwerx. Each of these tokens has its own model but Uwerx is the only one that operates in a blockchain niche and could be strong in the future.
Cronos (CRO) Starts Bullish for the Year
Cronos (CRO) is one of many tokens that is rallying for the year and that could be due to tax-loss harvesting, where investors can take tax losses in December and buy again in January. However, Cronos (CRO) has its own merits with the project being the Crypto.com exchange. The collapse of the FTX exchange has caused a hole to open up in the market for exchanges and CRO could benefit.
Cronos (CRO) was expecting big things in the last two years with its sponsorship of the former Staples Center, home to the Los Angeles Lakers. The company paid a huge $700 million over 20 years for the rights but then ran into the bear market. Cronos (CRO) has 70 million users but has seen its price slide from almost $0.90 to $0.05.
Algorand (ALGO) Starts the Year with a Billionth Transaction
Algorand (ALGO) started 2023 on a positive note with a billionth transaction on its network. The milestone was achieved smoothly and will attract attention in the New Year. Algorand (ALGO) had seen its price stumble in December with a drop in development activity.
Algorand (ALGO) was boosted by the adoption and onboarding of decentralized projects. Among the latest offerings is Dequency, a music licensing marketplace that could challenge Spotify with a decentralized option.
Uwerx (WERX) is Disrupting Freelance Work
Uwerx is a new project at its presale stage that wants to capitalize on a niche area like the Dequency app. In the case of Uwerx, the project is planning to disrupt the world of freelance work. Upwork created $500m dollars of profit last year which was a 34% growth on the year. The gig economy has been boosted by the pandemic and continues to go from strength to strength.
Uwerx has the potential to bring new opportunities for employers and freelance workers. Upwork had 145,000 employers using the site in 2021 but Uwerx can offer something different with a blockchain offering that offers reduced fees from 20% to 1% and faster payments due to the digital ledger. The WERX token is currently in a presale at $0.005. Some analysts see a 6,000% price rise potential for the coin and that is no surprise with no competition and big revenue potential.
Confidence is certainly at a high with InterFi Network and Solidproof approving the project’s audits at prelaunch. Furthermore, liquidity will be locked in after presale and for 25 years thereafter. Feel free to follow the links below to find out more about this exciting new project:
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