Cardano (ADA) founder Charles Hoskinson was recently spoke about Solana (SOL) being a potential sidechain of the project in the future. Both projects have been hurt by the negative sentiment in the DeFi industry and are looking for a recovery but Uwerx can outperform them. Analysts like the project’s focus on the fast-growing ecosystem for freelance work.
Cardano (ADA) Positions for a Bull Market Rebound
Cardano (ADA) made a timely move in 2020 with a full revamp of its architecture, which cost it some short-term gains in the last bull market. The project started to catch up with some moves in the DeFi, but that sector then went lower due to some problems with staking projects. Cardano (ADA) is still well-positioned for another bull market.
Cardano (ADA) is also about to start the ‘Voltaire’ phase of its development, where the network becomes self-sustaining and truly decentralized. Hoskinson has even talked about walking away at this point as his work would be complete. Institutions were starting to take an interest in the project in late 2021, and it should have a bright future.
Solana (SOL) Could Enjoy Sidechain Benefits
Cardano’s (ADA) founder Charles Hoskinson recently said that Solana (SOL) could eventually be a sidechain of his project. Hoskinson said that the Cardano network has been talking about the idea of a sidechain for six years. The concept of one main chain and a family of sidechains could work for the Cardano network.
Dogecoin and Solana were both tipped to act as sidechains to the Cardano network, the main chain that would provide the infrastructure, ecosystem, and liquidity. Hoskinson noted that Ethereum is listed on more than 200 exchanges. That would be big scalability for the likes of Solana (SOL). However, that is just an idea for now and would take 1-2 years to come to fruition. Solana (SOL) has suffered badly in the bear market and may need time to recover investor confidence.
Uwerx (WERX) has Better Potential for Gains
Uwerx is a project that does not have to wait for a DeFi revival or a sidechain. The project is seeking to bring decentralized technology to the market for digital workers and disrupt players like Fiverr and PeoplePerHour. Some of the projects that suffered in the bear market may not recover quickly and investors should seek opportunities with higher growth potential. Uwerx has been tipped by some analysts for a 6,000% price gain after its presale.
Uwerx will bring the first blockchain-based offering to the gig economy and that could see a migration of employers and workers to the platform. The pandemic has supercharged the trends for freelance work and Uwerx wants to use the digital ledger to improve the employee/worker relationship.
The project can slash fees, improve payment speeds and also assist with more secure data to avoid fake resumes or scam postings. InterFi Network and Solidproof have already approved the project’s audits at prelaunch and the creators have also announced that they will renounce ownership of the contracts when the project is listed on a centralized exchange. Uwerx is currently priced at $0.005 and investors should get on board following the links below:
Website: www.uwerx.network
Presale: invest.uwerx.network
Telegram: https://t.me/uwerx_network
Twitter: https://twitter.com/uwerx_network
Disclaimer: Any information written in this press release or sponsored post does not constitute investment advice. Thecoinrepublic.com does not, and will not endorse any information on any company or individual on this page. Readers are encouraged to make their own research and make any actions based on their own findings and not from any content written in this press release or sponsored post. Thecoinrepublic.com is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release or sponsored post.
For publishing articles on our website get in touch with us over email or one of the accounts mentioned below.
Source: https://www.thecoinrepublic.com/2023/04/11/cardano-founder-sees-solana-sidechain-potential-as-confidence-grows-in-uwerx/