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The cryptocurrency bear market and the collapse of the FTX exchange have rattled the old guard of the crypto world. We have already seen big-name failures, but it’s possible that the contagion has not ended. Binance Coin (BNB) has been under pressure over the finances at the Binance exchange. Fantom (FTM) has seen its TVL destroyed in the DeFi collapse. In this article, we discuss the risks and explain why investors would be better served in Uwerx (WERX), a disruptive new platform.
Uwerx (WERX) Can Offer Early Mover Gains
Uwerx (WERX) will have the potential to provide investors with strong gains in 2023, and it can climb the ranks of the top crypto projects. Uwerx (WERX) will disrupt the world of freelance working with a decentralized platform, and it will be the first of its kind on the blockchain. The current market leaders, such as Upwork, have been criticized in the past for their high fees and the time it can take to be paid. With digital ledger technology, Uwerx (WERX) can remove the need for third-party verification and provide same-day payments. Some analysts have predicted that WERX can soar to $2.40 in May 2023 from its current presale price of $0.0065.
The Upwork platform has a market valuation of $1.5bn, and that is enough to get the project into the top thirty crypto projects. For early investors, there is security from a recent audit and a lock-up period, which provides long-term assurance that there will be dedicated development. The gig economy is growing fast, and Uwerx can leverage that growth with the blockchain to gain market share. Uwerx will likely become a dominating force in the freelancing industry with its fundamental advantages over traditional freelancing platforms, and investors should act now.
Binance Coin (BNB) Finds Stability
Binance Coin (BNB) has found some stability after its recent struggles. The coin had hit lows of $227 but managed to mount a rally with the coin rising back to $231. The native token of the crypto exchange had struggled after there were concerns over the finances at the Binance exchange. The firm’s auditor pulled its coverage on the proof of reserves at crypto exchanges, and that saw speculation.
Binance Coin (BNB) was not helped by the response from the exchange’s executives, who claimed that as a non-listed company, they did not need to disclose details. However, Binance then made moves to buy a Korean exchange and investors assumed that was a green light to have some trust in the project. There may still be some risk in holding the project if the crypto market turns bearish again.
Fantom (FTM) Needs to See a Revival in TVL
Fantom (FTM) was a coin that soared in the DeFi boom over the last two years. However, the project has seen its prospects stumble in the bear market with a big drop in TVL. Fantom (FTM) was able to find over $6bn of TVL at its peak, but that has now slumped to $445. There is still development, but there is a lack of investors.
Fantom (FTM) has seen some positives with a big rise in developers, but investor appetite has been hurt in the DeFi space. Fantom recently announced partnerships that added value to the blockchain and boosted its offerings and capabilities. My Container opened staking for Fantom’s FTM token. With this partnership, the community can use the earning applications of the FTM token through staking and support the project’s infrastructure to build decentralized apps. Fantom (FTM) is seeing support, but its future will depend on the path ahead for the DeFi industry.
Uwerx is considered a promising opportunity that may be worth taking a chance on. It has successfully undergone audits by InterFi Network and Solidproof, its liquidity will be locked for 25 years following completion of the presale and the ownership of contracts will be renounced before the project is ready to hit centralized exchanges.
To learn more about Uwerx, the competition to win $5,000 in WERX and the 25% bonus , please refer to the links provided below.
Presale: invest.uwerx.network
Telegram: https://t.me/uwerx_network
Twitter: https://twitter.com/uwerx_network
Website: https://www.uwerx.network/
