The crypto world suffered massive setbacks in 2022, with bearish conditions torpedoing crypto values across the board. The market downturn, in particular, disproportionately affected digital assets without utility.
Established cryptos like Cardano (ADA) and Solana (SOL), for instance, skyrocketed then stagnated in development and innovation, leading to token prices sinking and investors disinterested. Smaller market cap cryptos with solid fundamentals and real-world utility, like recently-launched Uwerx, present better opportunities than Solana (SOL) and Cardano (ADA) in 2023.
Cardano (ADA): Promises Alot, Delivers a Precious Little
Cardano (ADA) is a smart contract platform launched by former Ethereum co-founder Charles Hoskinson in 2017. However, despite the massive hype and promise, Cardano (ADA) has delivered very little on its potential. For instance, Cardano (ADA) may use less energy than other proof-of-work blockchains, but it’s significantly less secure and decentralized.
Cardano (ADA), despite the big talk from its devs, has failed to develop anything close to resembling a robust decentralized finance offering despite its considerable value and size. In 2023, Cardano (ADA) will face stiff competition from better and faster layer 1 platforms and layer 2 scaling protocols. Are Cardano (ADA) investors facing a torrid year? You bet.
Solana (SOL): Facing a Long Road to Recovery in 2023
As the month ends, Solana (SOL) looks like good value to bounce back after facing tremendous selling pressure after the FTX collapse and the subsequent Alameda implosion. However, a segment of investors remains skeptical about the lack of decentralization supporting the Solana (SOL) network. Despite its claims to the contrary, Solana (SOL) power is concentrated on a select cabal of validators, raising red flags about how centralized the Solana (SOL) blockchain actually is.
Much of Solana’s throughput relies on this centralized group – and the frequent reports of outages, besides security incidents, demonstrates the unreliability that such degree of centralization can result in. Moreover, a majority of Solana (SOL) tokens are held by the team – a major red flag about decentralization. With the price action, security incidents, and poor outlook, investors are advised to avoid Solana (SOL) in the meantime.
Uwerx (WERX): Presale Crypto Looks Good Value to do a 100x in 2023
The number of remote workers are increasing in massive droves, with the freelance job marketplace undergoing tremendous growth in the past several years. However, the main problem is that leading freelance platforms like Upwork and Fiverr continue making record revenues in high transaction and escrow fees, with barely any other platform to compete with for the $1 trillion gig economy.
Uwerx is creating a decentralized alternative to freelance marketplaces like Upwork and Fiverr. One with substantially reduced transaction fees, safe and immutable record keeping, and emphasis on protecting users’ intellectual property rights.
With its relevant use case, prime-mover position in the niche, and solid fundamentals, analysts have identified Uwerx as a potential blue-chip project in 2023 and beyond. Uwerx has just recently launched its presale for its WERX token, currently priced at $0.0065, and analysts predict that WERX can do a 100x in 2024 – and around the $2-$3 levels – by Q1 2024.
Uwerx (WERX): Don’t Miss the Presale Event of 2023
The potential of Uwerx far exceeds that of Cardano (ADA) and Solana (SOL), particularly due to being a low cap gem with significant room for price growth. With platform liquidity locked for 25 years, and a sterling record from two auditors InterFi Network and Solidproof, Uwerx is one of the can’t-miss prospects of the year. Get your share as soon as you can!
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