As most experienced investors know, investing early into projects with solid fundamentals and potential for growth, is often where significant gains are made. The crypto bear market has removed some excessive valuations and now projects need to find a growing marketplace for adoption. Uwerx, Chainlink (LINK), and Avalanche (AVAX) are three projects that can deliver significant profits in 2023.
Uwerx (WERX) Avoids Blockchain Competition
Uwerx is a new project looking to leverage the fast-growing market for freelance work. Uwerx will have its own niche in the crypto space and the project can benefit from a lack of early competition to find early successes. Projects like Axie Infinity (AXS) and EOS (EOS) are facing stiff competition in the play-to-earn gaming sector and that puts a headwind on investment returns.
Uwerx is currently in a token presale and investors can get access to strong upside potential from a project that can revolutionize the freelance industry. With digital ledger technology, employers and workers will both find benefits. We strongly believe this could be an opportunity to get into a future blue-chip cryptocurrency at an extremely good price. Getting in early on projects with huge potential is key to making money in crypto, and we believe this is a perfect opportunity.
That being said, some analysts believe that the coin, WERX, can rally 8,500% and see a coin price of $2.25 – $2.40 in 2023-2024.
Chainlink (LINK) Continues to Add New Customers
Chainlink (LINK) has been a strong performer since around 2020 and the project continues to see demand for its oracles. Oracles are products for other blockchain projects to add data feeds to their decentralized apps. Chainlink’s (LINK) oracles can be used for pricing feeds, sports, or even weather. The project could also see demand for its proof of reserve audits. Crypto projects have been under pressure to provide proof of their financial stability.
Chainlink (LINK) previously traded at a price high of around $50 in 2021, but the coin slumped to $5 in the bear market. Chainlink (LINK) also benefits from a close relationship with the world’s biggest payment company, Swift. The two companies have been running tests and if they can uncover a use case then Chainlink (LINK) can benefit. Last year saw a record year for the project’s oracle demand, which will support the price.
Avalanche (AVAX) Can Build on Amazon Support
Avalanche (AVAX) began this year with news that it had been selected by e-commerce giant Amazon as its partner for smart contract capabilities. The approval of Amazon can also see other corporations take an interest in Avalanche (AVAX). Amazon’s web services wanted to test smart contracts and ignored the likes of Ethereum to choose Avalanche (AVAX). The company wants to run financial transactions and ownership transfers with real-time market data.
Avalanche (AVAX) is now becoming more popular with large investors as the coin ranked in the top 10 buys among the 500 largest Binance Smart Chain buyers. Data from DefiLlama has shown that the Avalanche (AVAX) project has seen a modest rise in its Total Value Locked as new developers move to the project. The move from the lows around $750m to $912m is not a lot, but it could mark a bottom. Avalanche (AVAX) can see that change with the Amazon tie-up and other partnerships are likely to come this year.
We are of the inclination that the Uwerx presale represents possibly the best opportunity of this year.
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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Source: https://www.thecoinrepublic.com/2023/04/22/three-coins-with-a-growing-marketplace-uwerx-chainlink-and-avalanche/