Uwerx is a new project that has caught the attention of investors. Uwerx is seeking to disrupt the market for freelance work platforms with the blockchain. The project has recently passed an audit and its development capital will be locked for 25 years showing transparency and trust. Binance Coin (BNB) and Cronos (CRO) are two coins that were under pressure as investors lost trust in exchanges and their auditors fled crypto reporting.

Uwerx (WERX) has Niche Crypto Potential

Uwerx is looking to bring real-world utility to the blockchain and reward early investors with its new platform. The current market leaders in freelance work platforms are using Web2 software, but Uwerx will disrupt the market with the digital ledger. Uwerx can provide benefits for workers and employers and grab some quick market share.

Uwerx has recently passed an audit with InterFi Network and SolidProof ahead of its presale and that gives investors a green light to invest in the project. The project will also lock up development capital for a period of 25 years after presale, as well as renoncing contracts when the project is ready to hit centralized exchanges, which shows that the team wants to commit long-term effort before they are rewarded. Gig economy workers grew by 12% during the pandemic in the U.S. and the sector is here to stay as large corporations cut staff and embrace freelance hiring. One of Uwerx's potential competitors booked $500 million in revenues last year and Uwerx could soar up the list of coins with that kind of revenue.

Binance Coin (BNB) Flat with Volume Drop

Binance Coin (BNB) fell to lows around $211 in the bear market but has managed to bounce above the $300 level. Traders initially feared for the project after its auditor stopped doing crypto reserves work at the height of the FTX contagion. Binance Coin (BNB) was sold off as investors feared it may be next. That has not materialized, but the project has not been transparent with its finances.

Binance Coin (BNB) could see further gains in 2023, but it had a bad start after J.P. Morgan reported that Coinbase was the only exchange to see a rise in trading volumes for Q1 2023. Binance Coin (BNB) could struggle for gains in that continues and the project does not have the risk/reward profile of an Uwerx, where a small investment could yield big results. Binance Coin (BNB) is ranked at number 4 on the list of projects, but it is at risk of further regulation that tilts the profile towards risk.

 Cronos (CRO) is Also Seeing Trade Headwinds

Cronos (CRO) is another project facing the risk of lower user base numbers as trading volumes drop. Cronos (CRO) announced that it was cutting staff numbers by 20% in line with some of its rivals in early 2023. Cronos (CRO) now faces an uphill battle like many exchanges to attract customers. The FTX exchange collapse has led more traders to consider the use of cold offline crypto wallets.

Cronos (CRO) is currently ranked at number 32 in the list of crypto projects by market cap with a valuation of $2 billion. The project followed in the footsteps of FTX with big sponsorship deals, and it famously paid a rumored $700 million for naming rights of the Staples Center, home of the LA Lakers basketball franchise. Exchange projects like Binance Coin (BNB) and Cronos (CRO) are risky for investors as investors do not know what's on the company books. We do believe that the Uwerx project presents the most potential for growth in the year 2023, at its presale price of $0.0075 with a 25% purchase bonu—follow the links below to find out more about the presale.

Presale: invest.uwerx.network

Telegram: https://t.me/uwerx_network

Twitter: https://twitter.com/uwerx_network

Website: https://www.uwerx.network/