The cryptocurrency bear market was less hard on exchanges as volumes held up. However, there were shocks with the bankruptcy of Block-Fi and FTX. Uniswap (UNI) and Pancake Swap (CAKE) are decentralized exchanges that will look to grab new volumes. Uwerx (WERX) does not have to wait for a market revival as it operates in a niche in the freelance work market. Analysts have tipped this token for its disruptive potential.
Uniswap (UNI) Sluggish After FTX Fallout
Uniswap (UNI) is a decentralized crypto exchange (DEX) that could help investors avoid the problems at FTX. It is ironic that Uniswap (UNI) has fallen but volumes are lower as there is less liquidity around. Uniswap (UNI) traded at a market cap of around $5.5 billion before the FTX crash but has since slumped to $4 billion with a weak bounce in 2023.
Uniswap (UNI) could find a price boost when it launches a V3 version of its exchange. The planned release on StarkNet could be a game changer for the industry’s landscape. Uniswap (UNI) on StarkNet would bring benefits, such as reduced transaction costs, capabilities beyond the EVM, and access to advanced data support. This could make Uniswap (UNI) the most attractive DEX for 2023.
PancakeSwap (CAKE) Lags the Value of UNI
PancakeSwap (CAKE) is another decentralized exchange and the project lags in market valuation. Pancake Swap (CAKE) has a valuation of $550 million and ranks outside the top 50 projects. Both projects list a lot of tokens that fail to make it big and that can slow the progress of the platforms. However, Uniswap (UNI) has a chance to expand the gap between the two with its V3 update.
It was reported lately that PancakeSwap (CAKE) ‘burned’ $585 million cake, which means that the coins are removed from circulation. Almost 90% of all CAKE tokens have been burned from the supply of 775 million tokens during the token’s lifetime. The weekly burn program was created to avoid inflationary pressures on the token.
Uwerx (WERX) Can Profit from a Niche
Uwerx can reward early investors before a bull market brings big changes to the market value of UNI and CAKE. That is the belief of analysts who see a 6,000% gain for the token. Uwerx has its own cryptocurrency niche where it will launch a freelance work platform on the blockchain. Many projects capture their biggest gains when they start life without competition and Uwerx can do the same.
Employers and digital workers have flocked to platforms such as PeoplePerHour and Fiverr to find freelancers, so there is a big market available. The number of freelance workers is estimated at 73 million in the U.S. alone this year. A blockchain option can bring many benefits and lower fees (1% vs.20% at Fiverr and 10% at Upwork) with faster blockchain payments are two of those. A digital ledger platform can also bring enhanced data storage and control over intellectual property rights.
Uwerx is currently in a token presale at $0.0065 with a 25% bonus on investments, but it can become a dominating force in the freelance industry due to its fundamental advantages over traditional platforms. The project has the faith and confidence of investors, experts and analysts and we believe you should check out the presale below:
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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