The cryptocurrency world has been rocked by a series of high-profile blow-ups, from the collapse of the FTX exchange to the more recent troubles sparked by Silicon Valley Bank. In this article, we will discuss why that could slow the price of legacy coins like Bitcoin Cash (BCH) and Litecoin (LTC). Uwerx is a new project that can help investors find strong gains in 2023 and avoid regulatory fallout.
Uwerx (WERX) Can Outperform Legacy Crypto
Uwerx is a brand-new project that is bringing a booming market to the blockchain. Blue-chip corporations are increasingly turning to freelancers and remote workers for their tasks and Uwerx wants to capitalize on that trend. Upwork, one of the main competitors in the space, has a market valuation of $1.36 billion. That would be enough to catapult Uwerx into the top 40 cryptocurrencies.
Uwerx can grab some of the current market share with its plans to slash fees from 20% to 1% compared to the market leaders. None of those projects have a blockchain offering and that will also bring benefits such as accuracy of records and transparency.
According to data firm Statista, 59 million Americans are now involved in freelance work, which amounts to 36% of the total American workforce. That trend is global and has been spurred by the pandemic’s effects on working habits. It is no surprise that analysts have high hopes for Uwerx and some see it hitting $1.20 in 2023, before reaching $2.50 in 2024. Uwerx is currently in a presale at $0.00995, so that is a significant upside.
The project has already completed two successful audits with InterFi Network and there is a 25-year lock-up period for development funds after the presale. It is still early days for investors to get involved, and we believe Uwerx can become a dominating force in the freelance work industry.
Bitcoin Cash (BCH) Still Tracking BTC Woes
Bitcoin Cash (BCH) received disappointing news in December 2022 that crypto exchange Coinbase would stop supporting the coin in its wallet. The likes of Ripple XRP were also included, but it was still a blow to adoption in Bitcoin Cash (BCH). Bitcoin Cash (BCH) was able to rally with Bitcoin in early 2023, but it has slipped toward a move out of the top 30. Bitcoin Cash (BCH) can still recover but needs mass adoption and that is being thwarted by the bear market. We see the potential for Bitcoin Cash (BCH) to hit $300 in 2023 if the cryptocurrency sector can recover.
Litecoin (LTC) Awaits Another Halving Event
The next development for Litecoin (LTC) will be its anticipated halving event, which is around 6 months away. A Litecoin (LTC) halving occurs when the rewards miners receive for processing blocks on the chain are cut in half. This increases the scarcity of the coin and cost of mining it, which should add deflationary effects and a higher price of Litecoin (LTC).
Litecoin’s (LTC) halving events happen every four years, which is why they are so highly anticipated. Previous Litecoin (LTC) halving have been completed in 2015 and 2019, and both saw later spikes higher in its price. Analysts and Litecoin (LTC) bulls are therefore excited about this August. Litecoin (LTC) has resistance at $105 but can get to $230 with a crypto rebound.
The two legacy coins are holding firm as the bear market causes havoc in the crypto sector, but we see Uwerx as the better investment in 2023. This project is being built under the radar but is targeting a huge market and investors should not miss out on the presale price, which is expected to rise steadily; on Saturday it will be $0.012. More information on this hot crypto can be found in the links below; a purchase bonus of 20% is currently being applied to all purchases.
Presale: invest.uwerx.network
Telegram: https://t.me/uwerx_network
Twitter: https://twitter.com/uwerx_network
Website: https://www.uwerx.network
