SPONSORED POST*
The year of 2022 was, for the majority of cryptocurrency investors, a year that was best left forgotten. Major cryptocurrencies were highly unstable throughout the year, leading to massive losses across the board. The subsequent collapses of Terra Luna (LUNC), BlockFi, FTX (FTT), and Alameda sent shockwaves with far-ranging circumstances for the industry.
Not even established cryptos like the original meme coin Dogecoin (DOGE) and smart contract platform Solana (SOL) were spared from the onslaught of crypto winter.
Still, many cryptos offer spectacular potential for investors to make a profit – especially high-potential cryptos in the presale phase. One of those is Uwerx – let’s see which one between these three cryptos might be a good buy opportunity in 2023.
Dogecoin (DOGE) Inflation Doesn’t Bode Well for Future
Dogecoin (DOGE) is the perfect example of an inflationary meme coin. Back in 2014, Dogecoin (DOGE) devs removed the hard cap on Dogecoin (DOGE) supply, which used to be 100 billion tokens. Subsequently, token supply could very quickly exceed demand, leading to a rapid decrease in Dogecoin (DOGE) token prices.
Dogecoin (DOGE) is also struggling to keep up with the competition, as the original meme coin itself tries to add utility to its value proposition. Many newer ecosystems have outpaced Dogecoin (DOGE) in development. Dogecoin (DOGE) has nothing going for it besides being a meme, and meme coins were anticipated to be finished in 2023. Well, until Elon Musk changed the Twitter logo well, let’s see how long it will last.
Is Solana (SOL) Finished?
Solana (SOL) – one of the foremost group of so-called “Ethereum killers” – has ended up being collateral damage from the FTX fallout. Disgraced former FTX CEO Sam Bankman-Fried was one of the largest holders of Solana (SOL) besides being one of its investors – and his fall from grace triggered a massive selloff of Solana (SOL) tokens and entire ecosystems leaving the blockchain altogether.
Solana (SOL), at its 2021 peak, used to be the fifth-largest cryptocurrency by market capitalization. Solana (SOL) prices have since tanked from $260 in late 2021 to $9.50 just several weeks ago and now trades at $20.67. Solana (SOL) has recovered a bit, but be forewarned: it faces a long road to redemption.
Uwerx (WERX) Launches Presale to Great Expectations
The best chances to make a profit in crypto, no matter whether bull or bear market, are found in investing in winning protocols at their earliest opportunities. Uwerx is planning to create the first Web3-powered freelance marketplace that will address the complaints of Fiverr and Upwork users – in particular, the high degree of centralization, draconian policies, and high transaction fees. Due to very little competition, these platforms have been able to charge extortionate fees.
Uwerx is leveraging Web3 to create the prime freelancing platform for the trillion-dollar gig economy and introduce some serious competition. The Uwerx platform will feature low transaction fees, fast payments, greater data transparency, and alternate revenue streams for users.
Uwerx is the first protocol in the gig economy space, making it a prime candidate to become a blue chip project in the future. Crypto analysts have weighed in, with some predicting that Uwerx can trade from its presale price of $0.005 to as high as $3.50 in 2023.
Uwerx has been fully audited by reputable audit firm InterFi Network and SolidProof prior to its presale launch, liquidity has also been locked in for 25 years after presale ends making it a very safe investment that is set up for long-term success. Additionally, the team behind Uwerx will renounce all ownership of contracts prior to the project being launched on centralized networks.
Uwerx recently revealed a 25% extra incentive on all WERX transactions, solely available throughout the presale phase. If you’ve been waiting for an opportunity to recover your losses through a project with huge potential for growth and solid potentials then look no further than the Uwerx presale.
Presale: invest.uwerx.network
Telegram: https://t.me/uwerx_network
Twitter: https://twitter.com/uwerx_network
Website: https://www.uwerx.network/
*This article was paid for Cryptonomist did not write the article or test the platform.
Source: https://en.cryptonomist.ch/2023/04/07/crypto-analysis-uwerx-doge-sol/