The crypto market slowly flips bullish again, but investors still have time to accumulate before the next bull market sends all digital assets into the stratosphere. Analysts remain bullish on Ethereum (ETH) long term, have given price predictions, and shone a light on a new market participant, Uwerx, which could be the next big token in the crypto market.
Ethereum (ETH) Price Prediction
Ethereum (ETH) currently trades at $1,550 and has been stuck trading in a narrow band between $1,500 and $1,900. Soon it will have to break out to the upside or the downside. Analysts from priceprediction.net have predicted Ethereum (ETH) will trade in a range of $2,781 and $3,462 in 2024.
Ethereum (ETH) pushed the Merge last year, transitioning to Proof of Stake (PoS), drastically reducing Ethereum (ETH) issuance, and removing sell pressure from miners. On top of this, EIP-1559 ensures part of every gas fee paid on the Ethereum (ETH) network is burnt. Ethereum (ETH) has new tokenomics headed into 2023, and analysts remain bullish. However, they believe that Ethereum’s (ETH) large market cap will make it difficult for investors to secure anything greater than a 3X.
Uwerx (WERX) Analysis
When it comes to growth, experienced traders and analysts are all discussing Uwerx. This new addition to the crypto markets will develop and deploy a decentralized freelance marketplace connecting workers and employers globally. According to Forbes, about 1.1 billion on-demand gig workers exist worldwide, and 2 million new gig workers emerged in the U.S. in 2020 alone. Understanding the rampant growth of freelancing is essential to understanding Uwerx’s value proposition.
Uwerx will launch a modern and updated marketplace on the Polygon (MATIC) network that will leverage smart contracts instead of lengthy escrow services, along with several significant updates to the current modus operandi of centralized freelance marketplaces. Additionally, WERX, the native token, will power the entire Uwerx economy granting special privileges to holders and will be exchangeable for services on the platform.
Analysts believe that holding the WERX token presents the best way to gain exposure to the potential growth of this disruptive platform. It has announced a twenty-five-year liquidity lock when the presale closes and has already been audited by SolidProof and InterFi Network, all fantastic signals for early investors. Analysts have stated that the WERX token could trade between $2.20 and $2.80 in Q1 2024.
Uwerx: A Future Blue Chip?
Uwerx has opened its presale, and analysts have continued to bring attention to this protocol stating its market fit and the need for disruption within the freelance marketplace industry. The WERX token will be available for just $0.00995 during the first phase of the presale, steadily increasing in price as the presale progresses.
Investors who want to join the freelancing revolution can follow the links below to participate in the presale today and enjoy a 20% purchase bonus.
Find Out More Here:
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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