One of the key events in the cryptocurrency market during 2022 was the Ethereum Merge. The long-awaited upgrade to the second-largest crypto project led to a 99% drop in its energy usage. ETH moved from a Proof-of-Work model to Proof-of-stake, and it was successfully completed in September. Immediately after the event, the founder of Ethereum said he would like to see Dogecoin (DOGE) and Zcash (ZEC) follow the same path with an upgrade. In this article, we’ll discuss the headwinds for those tokens and why Uwerx can outperform both of them.
Dogecoin (DOGE) Sees Volatility with Musk
Dogecoin (DOGE) is a pet coin of Tesla founder Elon Musk. The project has hurt its loyal meme coin investors this year with a drop from $0.27 to a low of around $0.055. The coin did mount a rally in October when it was confirmed that Elon Musk would purchase Twitter for $44bn. That saw investors speculating that DOGE could be used on the platform for tipping or payments.
Dogecoin (DOGE) investors are forgetting the Proof-of-Work issue because Musk previously u-turned on a decision to allow Bitcoin crypto payments for his Tesla cars. The decision was based on the energy-intensive mining that BTC uses and Dogecoin (DOGE) uses the same technology. It would be hypocritical of Musk to allow Dogecoin (DOGE) on the Twitter platform. Ethereum’s founder Vitalik Buterin said after the ETH Merge that he would like to see Dogecoin (DOGE) and ZEC commit to the PoS upgrade and that may be the best option for future gains but would add a headwind in the near term.
The volatility of the Dogecoin (DOGE) and susceptibility to be influenced by external factors and the mere changing on the cryptos
Zcash (ZEC) May Follow ETH with PoS Upgrade
The founder of Zcash (ZEC) sat with Vitalik Buterin at an event after the Ethereum Merge and said he was surprised that the project had completed the upgrade. When probed about Zcash (ZEC) also committing to the PoS upgrade, he said that he was waiting for Ethereum to show it was possible. Zcash (ZEC) may eventually go ahead with its own form of the Merge, but that may distract developers from other things.
Zcash (ZEC) came onto the cryptocurrency scene as a privacy coin for anonymous transactions. However, regulators are increasingly scrutinizing the industry, and it is unlikely that a privacy coin would be allowed to thrive on a grand scale. That removes a lot of upside potential from Zcash (ZEC). Investors know they need security in a coin and forward progress with its growth potential.
Furthermore, according to Fortune magazine, massive vulnerabilities were found within Dogecoin, Litecoin and Zcash. Developers of the respective platforms have gone on to state that additional risks have also been discovered – investors should be worried and re-examine their portfolios.
Uwerx (WERX) Presale 2023 Offers Potential for Investors
The Uwerx presale offers something different for investors, and they do not have to get bogged down in hype or complicated upgrades. The Uwerx platform runs in parallel with the freelancing industry which has been shown to have gone from strength to strength despite all the volatility and adversity that the global market has presented.
Uwerx wants to disrupt the booming industry for freelance workers with a blockchain platform. With dominant players charging high fees, the market is ripe for decentralization, and Uwerx investors can win big. The WERX coin is currently in a presale at $0.005 and can provide a big upside for investors.
Uwerx will have its liquidity pools locked up for 25 years after the presale concludes – common practice for real projects to reassure investors. Investors can be sure that there will be no rug pull and Uwerx can continue building a platform that can tap into the big money available in the gig economy
Analysts have made predictions of an increase of 8,500%. This is based on the disruptive advantages that Uwerx offers in addition to the well-known advantages of the blockchain. Investors should get in before the marketing campaigns because we believe this could be an opportunity to get into a future blue-chip cryptocurrency at a very low price and at a current bonus of 25%):
Website: www.uwerx.network
Presale: invest.uwerx.network
Telegram: https://t.me/uwerx_network
Twitter: https://twitter.com/uwerx_network
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Source: https://www.thecoinrepublic.com/2023/04/10/price-prediction-dogecoin-and-zcash-need-to-upgrade-to-stay-relevant-uwerx-presale-tipped-for-success/