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Uwerx is rapidly establishing itself as the premier platform for those seeking a transformative freelance experience. Investors are also attracted to its niche in the multi-billion dollar gig economy.
Can struggling cryptocurrencies, Litecoin (LTC) and Ethereum Classic (ETC), recover before Uwerx reaches its predicted height of $2.5 by Q4 2023? Continue reading to find out.
Litecoin (LTC) Falls Despite Its Capitalization On Ordinals
Litecoin (LTC) has been fortunate as users dived into its blockchain to avoid the high fees and network congestion on Bitcoin following the craze for Ordinals inscriptions. Litecoin’s (LTC) blockchain witnessed as many as 584,000 transactions on May 10.
The Ordinals protocol is a pioneering platform that allows inscriptions of text and images as digital assets using Bitcoin’s blockchain. It expanded from Bitcoin (BTC) to Litecoin (LTC) when the anonymous Twitter user, Indigo Nakamoto, offered 5 LTC (around $500) to any individual who could adapt the Ordinals protocol for the Litecoin network.
Then a software engineer, Anthony Guerrera, rose to the challenge and effectively launched the Litecoin Ordinals protocol eight days later, on February 19. This surged Litecoin’s (LTC) price tremendously due to increased processed transactions on the network.
Also, the introduction of LRC-20 token standards in early May, contributed to activity boosts on the Litecoin network. The LRC-20 token standard allows users to create new meme coins on Litecoin (LTC).
Litecoin (LTC) is now selling at $91.12. However, this price indicates a 1.39% drop within the past 24 hours. It has also dropped to 9.157% over the past four weeks.
Thus, sustaining this price level might be difficult for the altcoin as it is largely influenced by Bitcoin (BTC) and the overall strength of the broader market. Should Bitcoin (BTC) adjust to a more stabilized network, Litecoin’s (LTC) price might dive below $90, prompting bearish activity.
Experts anticipate a remarkable rally for Litecoin (LTC) due to its imminent August halving event. However, a price surge might not happen anytime soon. While the coin has previously shown some progress in its value earlier, there is no guarantee of a swift return to hit its predicted $134.95 mark by Q4 2023.
Ethereum Classic (ETC) Price Prediction
Ethereum Classic (ETC) is a smart contract platform fueled by its ETC token. The network aims to maintain the virtue of the original Ethereum (ETH) network by preserving its decentralization and Proof-of-Work consensus mechanism.
Though not valued like Ethereum (ETH), Ethereum Classic (ETC) is still known for its lower fees and scalability. Ethereum Classic (ETC) has a loyal community, and its supporters genuinely believe in the blockchain’s founding principles.
However, on May 19, Cardano’s (ADA) Founder, Charles Hoskinson, took to Twitter to claim that Ethereum Classic (ETC) is now a “scam” and has no “purpose other than to allow insiders to dump their holdings” on unsuspecting investors. This spurred a lot of debate on the platform as some applauded Hoskinson for airing his opinions, while others criticized him for his comments.
Currently, the price of Ethereum Classic (ETC) is $18.27. It has a 7-day decline of 0.46%. This could be a result of doubts planted in investors’ minds following Hoskinson’s outburst.
While a few crypto experts speculate the price of Ethereum Classic (ETC) could increase to $26.58 by December 2023, a few analysts expect the token to fall considerably.
Watch Out For The Uwerx (WERX) Presale
Uwerx builds on the Polygon Network to provide freelancers with upgraded features that could help them perform their work more efficiently. These features include personalized project matching, better transparency, and more affordable fees at a 1% flat rate.
With its WERX token now going for $0.041, the growth potential in this developing project is staggering. It already boasts 5,546 signups, 1,627 Twitter followers, and 1,456 followers on Telegram. This high demand boosted the team’s belief in its performance, as it raised the token’s launch price from $0.09 – $0.11 to $0.095 – $0.115. It also prompted the team to increase the presale token supply to 427.5 million (57%) to accommodate more potential investors.
In addition, there will be a test airdrop for all token holders to ensure each person entered their Receiving Wallet address correctly. This test airdrop was supported by 98.2% of the community through votes. There’s also the Uwerx Vault which enables token holders to store their assets in return for passive savings interest. This feature, like staking, will encourage more engagement with the platform.
Uwerx has successfully undergone audits by InterFi Network and Solidproof. This will assure investors of its authenticity and security. In addition, the Uwerx team has reduced their token allocation from 8% to 7% and will soon initiate a lock-in of their assets for 25 years, as voted by 82.8% of the community members. They will also forfeit all smart contract ownership once they list WERX on centralized platforms.
Furthermore, the Uwerx Alpha version is now out, featuring a Landing page and a Signup page. Users can expect other platform features, like a Login/Sign In page, User Dashboard, Settings, Posting Jobs, Finding Jobs, and more, to be added weekly/bi-weekly.
Meanwhile, this Alpha version will soon migrate to Beta, which will allow direct user interaction. Users can also send their reviews and recommendations to the Uwerx dedicated feedback email at [email protected].
Uwerx is monitored by many investors due to its untapped potential of a massive jump. This reflects the unparalleled success of its presales. Thanks to the agile methodology approach of the development team, which allowed them to roll out the project in stages while making improvements along the line.
Rather than waiting for Litecoin (LTC) and Ethereum Classic (ETC) to sustain an upward trend, investors are rushing into the Uwerx presale as the price is still $0.041. They are also enjoying the ongoing 15% purchase bonus before it declines. Rush now to join in to enjoy the referral bonus that is coming next.
To know more about Uwerx and its presale, visit these links:
Website: https://www.uwerx.network
Presale: invest.uwerx.network
Telegram: https://t.me/uwerx_network
Twitter: https://twitter.com/uwerx_network
