With the cryptocurrency uncertainty dragging some top coins to extreme lows, investors are eagerly anticipating the next bounce. Yesterday’s market darlings, such as Solana (SOL) and Uniswap (UNI) are two ideas that investors hope can bring rewards. In this article, we will discuss why Uwerx can outperform them both with a disruptive platform for the gig economy.
Solana (SOL) Rocked by Another Hack
Solana (SOL) has been one of the hardest-hit crypto tokens in 2022, with the coin crashing from $170 to its current value of $21. The losses may not be over in Solana (SOL) after another recent hack. This one was only for $2 million, but the project has been plagued by security breaches and hacks in the last year. In late July, the Solana (SOL)-based Nirvana Protocol saw its stablecoin lose 85% of its value due to an attack.
That was followed in August by a hack of Solana (SOL) hot wallets which cost $8 million. In late-December of 2021, $2 million was taken from the Raydium DeFi protocol, which is meant to be a shining star of Solana’s (SOL) offering in decentralized finance. Solana (SOL) is trading at extremely low prices, but investors have lost faith in the security of the platform.
Uniswap (UNI) May Slow if Regulations Increase
Uniswap (UNI) has been less impacted by the crypto bear market as exchanges continue to make money on fees. The project has seen its UNI token fall from $17 to $5 in 2022. Uniswap (UNI) is currently the top decentralized exchange with a 24-hour trading volume of $310 million. However, one headwind for Uniswap (UNI) could be increased regulatory scrutiny.
Uniswap (UNI) is free from the problems that plagued the FTX exchange because it was centralized players that messed around with client money at the collapsed exchange. As a decentralized exchange Uniswap (UNI) is a safer bet for investors and is making substantial trading volumes. The only issue is increasing scrutiny from the Securities and Exchange Commission (SEC). The regulator wants to cut down on the number of tokens or class them as securities and that could slow the adoption of new tokens on the likes of Uniswap.
Uwerx (WERX) Presale token is a Promising Bet for Investors in 2023
The Uwerx crypto presale has the potential to outperform SOL and UNI because it is bringing something new to the blockchain. Uwerx wants to disrupt the market for gig economy workers and investors can benefit by getting into this project early. Freelance worker sites are also centralized, and they can take large fees from workers as a third party. For instance, Uwerx charges a 5% flat fee vs 10-15% on Upwork. They also hold onto payments for up to two weeks in some cases which is not suitable for gig workers.
Uwerx can disrupt this market with its own decentralized offering which will solve these problems and take market share from the current platforms. The freelance work sector is already contributing $1.4 trillion to the U.S. economy alone and Uwerx can tap into global revenues.
The Upwork platform generated over $373 million in revenue in 2020 and the gig economy is growing out of that time frame due to lockdown changes to working arrangements. Liquidity has also been locked in for 25 years after the presale is complete. The team has also stated that the
Analysts have predicted a highly fruitful future for WERX token with a potential increase of 8,500% Investors should look to get into the WERX token early at the presale and tap into a real business with decentralized benefits. InterFi Network and Solidproof have completed their audit even before launch and is certainly sure to be an encouraging sign to potential investors.
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