The cryptocurrency market has found some relief from the selling that summarized 2022. Bitcoin has led the rally higher, but the path higher is likely to be slow in the world’s largest crypto. Investors looking for a better return should consider the three coins that we think can 10X in 2023. Polygon (MATIC), Avalanche (AVAX), and Uwerx. Read on to find out why.
Uwerx has the credentials to provide investors with strong gains in 2023 with the project climbing the ranks of the top crypto projects. Uwerx is seeking to 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. Some analysts have predicted big things for WERX with the potential to see massive growth by the end of the year (seeing the levels of $0.95 - $1.40) from its current presale price of $0.0065.
For early investors, there is added security with two recent audits by InterFi Network & SolidProof and a liquidity lock period of 25 years thereafter. The freelance economy is becoming an important part of the economy, with estimates that it now accounts for 35% of the U.S. workforce and provides $1.4 trillion. Uwerx will likely become a dominating force in the freelancing industry with its fundamental advantages over traditional freelancing platforms, and investors should look to get involved. Not only that, during the Uwerx presale, users receive a 25% bonus on their purchases - a bonus which will not be available after the presale ends.
Polygon (MATIC) is becoming a trusted project for the world’s largest corporations. Starbucks tapped Polygon to assist with NFTs, and they were followed by Meta (formerly Facebook) which wants to add NFTs to its Instagram platform. Walt Disney has also added the project to its accelerator and wants to bring the experience of theme parks to Disney+ with AR/VR technology.
Polygon (MATIC) can benefit from the scale of these companies, and the project will also benefit from its Ethereum scaling support. Polygon started 2023 with news that it had seen its best year for NFT sales. Polygon (MATIC) is also benefiting from the troubles at Solana with the project enticing y00ts and DeGods, the two largest SOL NFT collections, to MATIC.
Avalanche (AVAX) is setting up for a big recovery in the market after a dreadful 2022. The project recently celebrated its one billionth transaction on the chain and that gives the project an early lift. That was followed by big news in the form of a partnership with Amazon. The retail giant shunned the likes of Ethereum to offer Avalanche (AVAX) the chance to run its smart contracts.
Avalanche (AVAX) trades at number 14 in the list of cryptocurrencies by market cap with a valuation of $5bn. Avalanche previously traded at highs around the $140 level and with a current price around $21.40, it would need a 8X-10X move to get back to the previous highs. Another area that Avalanche (AVAX) is focusing on is gaming and that could be a spark that sends the coin higher.
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