After the FTX collapse the regulators in the U.S. have been more vocal about the coming crackdown on crypto. Many coins could also find themselves on the receiving end of fines for securities offerings. Three coins that can evade sanctions and also provide good upside are: The Graph (GRT), Quant (QNT), and Uwerx (WERX).
Uwerx (WERX) is a brand-new project that is seeking to challenge the likes of Upwork, and PeoplePerHour in the world of freelance gig work. Uwerx (WERX) will be the first to combine that market with the blockchain, and that can see the project grab easy market share. The gig economy is growing fast, with 73 million workers anticipated in the U.S. in 2023. That number is expected to grow to 91 million by 2028 as more companies embrace temporary workers.
The rival Upwork platform saw a record year with $3.5bn of bookings in 2021, which was up 35%. The project also had $500m of revenues, and that gives an idea of what Uwerx (WERX) can bring to the crypto market. Uwerx (WERX) was handed the approval of an audit by InterFi Network and SolidProof and that will give investors some peace of mind. There is a lock on development capital for 25 years after prelaunch, so this is a long-term option for crypto investors. Uwerx will likely become a dominating force in the freelancing industry with its fundamental advantages over traditional freelancing platforms.
The Graph (GRT) is a project that is knocking on the door of the top 50 coins. The Graph (GRT) still sees strong adoption two years after the launch of its mainnet. The Graph (GRT) Network is an indexing project and allows developers to search, index, use, and publish data from blockchains. This makes it more of a service than a speculative coin or payments token.
In the year from November 2021, the total number of developers on The Graph (GRT) increased by 145% to 38,000. During that same period, query fees also increased by 1,191% to 354,000. The Graph (GRT) has its own niche area of the blockchain and can continue to find adoption, while the project will stay out of sight from regulators.
Quant (QNT) is another example of a project that can avoid regulatory scrutiny as it provides more of a crypto service than investment security. The SEC was targeting threats to the financial system: XRP in payments, Binance the top exchange, and Yuga Labs which developed the biggest NFT collection. Quant (QNT) also works with institutions, particularly in the finance sector, and helps them to design and build applications.
The Quant (QNT project also advises central banks on their plans for currencies so will have friends in high places. That could give the project a heads-up on pending regulations in the pipeline and developers can position the roadmap with this in mind. Quant (QNT) traded at highs of around $385 in 2021 but has since fallen to $121. That is a better bear market performance than most coins which represents the minimal volatility in TVL.
However, we believe that it investors should take a good look at Uwerx as it is tied to an industry that has shown growth and resilience within adverse and volatile market conditions – both in the local and global context. Find out more by clicking on the links below and enjoy a 25% presale purchase bonus.
Presale: invest.uwerx.network
Telegram: https://t.me/uwerx_network
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Website: https://www.uwerx.network/
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.