As the dust settles on the 2022 cryptocurrency bear market, investors are ready to pounce for the next market rebound. One mistake that they make is expecting big gains to come from established coins such as Stellar (XLM) and Algorand (ALGO). Although these projects should have a bright future, Uwerx can outperform them in the years ahead.
Stellar (XLM) Hurt by Coinbase Delisting
Stellar (XLM) has been hurt by a recent delisting from the Coinbase exchange. Just as coins rally when they are listed on the top exchanges, they can go the other way when they are pulled. Coinbase cited “low usage” for the removal of Stellar (XLM) and the project would need to see some strong upgrades or partnerships to get back on track.
The Stellar (XLM) token has fallen from $0.27 to $0.10 in the last year, the problem for investors in Stellar (XLM) is that the project is not doing anything unique. The recent price increase was due to MoneyGram obtaining a major award from Newsweek, however, time will tell whether Stellar is able to maintain the increase in price. Stellar (XLM) aims to provide payment apps to companies and has a decentralized exchange for asset swaps, but adoption is hard to come by these days. If Stellar (XLM) wants to power ahead then they need some new ideas instead of waiting for users to arrive.
Algorand (ALGO) Can be a Good Investment Opportunity
Algorand (ALGO) has been hit hard in the crypto sell-off with a drop from $0.70 to $0.21. Algorand (ALGO) is often compared to Ethereum with a similar Proof of Stake architecture. They also both utilize smart contracts and infrastructure to support other blockchain-based projects. However, the projects differ in their staking and rewarding strategies. Algorand focuses on decentralized finance projects such as lenders.
The Algorand (ALGO) token is still making headway despite the harsh bear market and the project is now officially on the Cardano network, according to an announcement from the latter’s founder Charles Hoskinson. According to data from Algo Explorer, there were 17.3 million accounts on Algorand (ALGO) at the end of 2020.
That number had expanded to over 23 million in Q1 2022. Investors will be looking closely at many DeFi projects after the collapse of LUNA, and it is possible that only one or two winners can emerge. Algorand (ALGO) has a good chance to be one of those.
Uwerx (WERX) Presale: Expect Huge Gains
Uwerx is a new project currently at its presale. It’s the perfect opportunity for freelancers and investors who are seeking to upend the market for gig economy workers. Uwerx wants to uproot the dominant players in the industry, such as Upwork, and will bring benefits to workers with decentralized technology. Lower fees and faster payments will be two key opportunities that could see workers leave other platforms. These disruptive advantages have led analysts to believe that the WERX token could reach $2.60 within Q1 2024 and $1 by Q4 2023.
Freelance work is growing in popularity and importance with the gig economy providing $1.4 trillion to the U.S. economy alone. Uwerx can tap into this market on a global scale and will be the first project to offer anything like this in the crypto market. Investors can snap up the WERX token in the presale for substantial upside potential.
Stellar (XLM) needs to attract big user numbers to make its payment system viable, while Algorand (ALGO) needs to attract DeFi investors in a tough market. Uwerx will compete with industry heavyweights such as Upwork and Fiverr and boasts unique features in addition to undercutting fees as well as offering higher levels of security and transparency through the blockchain.
Uwerx can outperform these two projects and make 2023 a good year for crypto investors. Confidence is certainly high, analysts believe the WERX token could increase by between 6,000% to 8,500%. This prediction is in line with the prelaunch audits completed by InterFi Network and SolidProof. Some cryptocurrency experts believe that WERX could reach $0.95 within Q4 2023 and $1.75 by Q2 2024. Follow the links below and participate in this unique presale which is offering a limited bonus of 25% on WERX token acquisitions.
Website: www.uwerx.network
Presale: invest.uwerx.network
Telegram: t.me/uwerx_network
Twitter: https://twitter.com/uwerx_network
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Source: https://coinpedia.org/press-release/price-prediction-stellar-algorand-can-the-uwerx-crypto-presale-overtake-in-2023/