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Uwerx is a new crypto project aiming to disrupt the market for freelance workers. By leveraging a real-world market, Uwerx provides real utility in a world where many cryptocurrencies are backed by hype or hope. Chainlink (LINK) and Polkadot (DOT) are two other projects with utility, and we assess the outlook for all three.
Uwerx (WERX) Presale Set to Grow Without Competition
Uwerx is another project with real-world utility, and it can benefit from a first-mover advantage before any competition arrives. The current market leaders are running Web2 software platforms, but Uwerx wants to bring the market to the blockchain. The current market is often criticized for its high fees and slow payments, which are two areas that the blockchain can improve upon. Uwerx plans to slash fees from 20% to 1% and that could see it pick up some early market share. There are other benefits to using digital ledgers, such as increased data security and IP control.
Uwerx can also reward investors by tapping into the growing and lucrative market for freelancers. Gig economy workers grew by 12% during the pandemic in the U.S. and there are expected to be 73 million freelancers in the country in 2023. One of Uwerx’s potential competitors booked $3.5 billion in revenues last year, with $500 million in revenues.
Uwerx is currently in a presale at $0.0065 and some analysts have predicted price gains of 6,000% in Q4 2023-Q1 2024. Get in on it whilst you can.
Chainlink (LINK) Continues to See Demand
Chainlink (LINK) has been a solid cryptocurrency during recent bull markets, and the project will continue to see demand for its oracles. Oracles are solutions that other projects use to add data feeds to their decentralized applications. This can be for pricing feeds, market data, sports, or even weather. Another product that could see demand is its proof of reserve audits for other projects. Projects such as Binance have been under pressure in recent months over transparency with their finances.
Chainlink (LINK) traded at price highs near the $50 level back in 2021, but the bears dragged the coin to $5. The project posted an early 2023 update of its achievements in the last year. Chainlink Oracle Services supported more developers and projects than ever before and will continue to provide real utility to back up its coin price. Chainlink Data Feeds expanded into new blockchains and layer-2 projects, including support for a non-EVM chain in Solana.
Polkadot (DOT) Wants to Lead Parachains
Polkadot (DOT) endured a price action similar to that of Chainlink (LINK) with highs of around $55 dropping to lows under $5. However, the recent market rebound has boosted Polkadot (DOT) once more. Polkadot (DOT) wants to be the market leader for parachains, which allow cross-chain communication for apps and services on the blockchain. Polkadot (DOT) lets users make cross-blockchain transfers of any type of data, asset, or token.
Polkadot’s (DOT) developers wrote a recent review of the project’s achievements for 2022. The report said that around 550 projects have either been launched or are currently under development on Polkadot, which is a very strong start to the network’s first full year with live parachains. Polkadot (DOT) can offer real utility with development growth and should see strong price action in DOT.
Investors who are looking to gain massively this year should take a long look at Uwerx. We believe it has a huge potential for growth due to the industry it is tied with, click below to find out more about the 25% bonus and the ongoing $5,000 competition:
Presale: invest.uwerx.network
Telegram: https://t.me/uwerx_network
Twitter: https://twitter.com/uwerx_network
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Website: https://www.uwerx.network/
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