In the cryptocurrency market, many investors crowd into spaces where tough competition exists. Take smart contracts for example, where Ethereum is the dominant player. Rival projects seek to take its throne with Avalanche (AVAX) and Hedera (HBAR) being two of the challengers. Uwerx is a better opportunity because it is set to rise unchallenged in a rapidly growing market. Read on to find out why analysts see a return of 8,500%.
Avalanche (AVAX) Makes a Strong Start to 2023
Avalanche (AVAX) started the new year strongly with news that it had been selected by e-commerce giant Amazon to lead its smart contract capabilities. That is a big seal of approval and could lead to follow-up deals. Amazon’s web services were looking for a default blockchain platform and shunned the likes of Ethereum (ETH) to select Avalanche (AVAX). The smart contracts will be used to run financial transactions and ownership transfers with real-time market data. Ava Labs, which develops Avalanche, said that developers on the chain would also benefit from AWS assets and features.
“AWS is so valuable as it streamlines developers being able to go from zero to in-production with dedicated infrastructure,” said Ava Labs President John Wu. Avalanche also announced in early 2023 that it had completed its 1 billionth transaction on the blockchain and the project will look to build on these positives. These updates have led key cryptocurrency figures to believe that Avalanche (AVAX) could rise to between the $21 and $23 level by mid 2024.
Hedera (HBAR) has the Support of Big Names
Hedera (HBAR) was hard hit in the 2021 bear market with a price drop from $0.50 to $0.044. The Hedera(HBAR) project is aiming to be a disruptor in smart contracts but there is already competition in that space. These types of projects need to see big traction in developer and user numbers and that can be a slow process when you are up against the likes of Ethereum. Hedera (HBAR) stands on a platform of smart contracts that are “smarter” with speeds of 10x available. Analysts believe that Hedera (HBAR) could see heights of $0.06 – $0.07 in the next bull run.
Hedera (HBAR) is tackling this with a platform that can diversify into other areas. Non-fungible tokens are one area and a project insider recently talked of the news that tech giant LG is rolling out its new television technology which will integrate the HBAR NFT marketplace. The TVs would also allow users to display their NFT collection. That could eventually boost HBAR due to the large market reach that LG has in the home appliance world.
Uwerx (WERX) Can Disrupt Freelance Platforms
Uwerx has the potential to bring big rewards for investors in 2023 and climb the ranks of the top crypto projects. Uwerx is building a platform that will disrupt the booming market for the gig economy. Uwerx will shake up the sector with a decentralized platform which can upset the current Web2 players. The current market leaders have faced criticism in the past for fee gouging and slow payments. Uwerx is the solution with a platform that can benefit both employers and workers.
Uwerx is a secure investment as it recently passed an audit with InterFi Network and Solidproof audits and there is added security from a 25-year lock-up period for developer funds raised in the presale. The gig economy is moving ahead quickly due to events like the pandemic which has fundamentally changed working habits. Uwerx can tap into that growth and deliver benefits to grab market share.
We feel that Uwerx has all the hallmarks of a project with huge potential and will likely become a dominating force in the freelancing industry with its fundamental advantages over traditional freelancing platforms. Investors can get WERX in the current token presale by following the links below – some analysts see the coin rising to $1.30 – $1.80 by 2024.
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://coinpedia.org/press-release/hedera-avalanche-face-smart-contract-competition-uwerx-can-soar-without-challengers/