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The crypto market seems to be finally improving and though Polkadot (DOT) and Chainlink (LINK) have seen a major decline in their market value in 2022, they still have a long way to go before recovering losses made last year.
If you are pinning your hopes on either of these cryptocurrencies rising, perhaps you should look for alternatives. Uwerx can come in pretty handy at this time. With predictions of becoming a major crypto asset, it is going to be a force to be reckoned with.
Like the plethora of DeFi and blockchain services, Polkadot (DOT) enjoyed new heights in 2021 as the market kept on rising. However, this also meant the elasticity extended the other way. The market cooling in 2022 kept hammering Polkadot (DOT). In the space of 12 months, it fell from $26.7 to $4.32 – a massive 84% fall.
The situation has improved recently this year, with Polkadot (DOT) hovering at roughly $6.39 at the time of writing, with around a $7.86 billion market cap.
There is some hope for Polkadot (DOT) investors who have been burnt by its 2022 performance. Many crypto experts are predicting it may struggle to rise and cross the $10 barrier this year with a 67% growth, but this is the best-case scenario.
Allowing critical off-chain data integration in blockchains, Chainlink (LINK) serves as a crucial Web2-to-Web3 data connectivity. The project also saw an immense boost in the 2021 bull run, with Chainlink (LINK) hitting an ATH of $52.25. Like Polkadot (DOT), its value also eroded over time. 20 months on, Chainlink (LINK) is doing $6.88 with a jaw-dropping 87% loss, at the moment Chainlink is trading at $7.30- certainly nothing close to it's glory days.
All is not lost, though. With the current market improving, many experts believe that with the market gaining momentum, Chainlink (LINK) will also follow suit. The Proof-of-Reserves solution has also begun initial adoption by companies. Even then, the most optimum analysts say Chainlink (LINK) might not jump beyond $11. That is a bit smaller expected performance than Polkadot (DOT), with Chainlink (LINK) gaining a 60% maximum.
Although the near future is uncertain, all indications point towards Polkadot (DOT) and Chainlink (LINK) having little chance of moving out of the red zone. The optimistic growth predictions even fail to fulfill their past glory.
One way is to divert/diversify investment in early-stage projects that offer solid and practical use cases, coupled with strong tokenomics and investor security. Uwerx fills all of these requirements.
First, it is a freelancing platform that takes on large-scale traditional platforms by offering cheaper and more transparent methods of working in the gig economy. A 5% flat fee, IP rights protection, and fast payment release are just the tip of the iceberg. Webinars and gamification features for gives users and freelancers novel ways to earn.
Secondly, WERX offers deflationary economics, ensuring the token becomes more valuable over time as the platform expands. Thirdly, the team will be stepping down and reducing transaction taxes to zero, allowing the community to run and decide their own fate.
Lastly, transparent third-party audits by Interfi Network and SolidProof at prelaunch, liquidity lock of 25 years after presale and a contract ownership renouncement in the books, gives investors one of the safest investment opportunities right now.
One of the key points to remember is that Uwerx's very core is the freelance industry; gig economy. This is why many analysts and experts are favoring Uwerx as a possible future blue-chip cryptocurrency that can explode in value, reaching as much as $2.6 by Q1 2024. Stability and growth go hand in hand with the Uwerx project and the industry it is associated with. The presale is ongoing (1 WERX = $0.005), it is the perfect time to consider Uwerx for a profitable venture.
Presale: invest.uwerx.network
Telegram: https://t.me/uwerx_network
Twitter: https://twitter.com/uwerx_network
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.
