Uwerx (WERX) Could Become a Top 20 Coin. Cosmos Hub (ATOM) and Uniswap (UNI) Could Miss Out

Uwerx (WERX) Could Become a Top 20 Coin. Cosmos Hub (ATOM) and Uniswap (UNI) Could Miss Out
Published on

Uwerx is a new project currently in presale which is tapping into the fast-growing market for freelance workers. The project has competition outside the blockchain, but one of its competitors has a market cap that would be enough to get close to the top thirty crypto tokens. Cosmos Hub (ATOM) and Uniswap (UNI) are two coins that could give way for Uwerx.

Uwerx (WERX) Avoids Blockchain Competition

Uwerx is a new project under development that will leverage the fast-growing market for freelance work. Uwerx can benefit from having its own niche in the crypto space, and the project can also capitalize on being the first mover. The current market leaders in this sector have been able to rise and set their own rules, but Uwerx is coming to disrupt their recent successes with a fairer business model for workers and employers.

Uwerx is currently in a token presale and investors can get in early to a project with strong upside potential. With digital ledger technology, employers and workers will both find benefits. A recent audit was completed by InterFi Network and Solidproof and there is also a 25-year lockup for development funds after the presale ends, so investors can be reassured that there will be no rug pull. A competitor of Uwerx is a listed company with a market valuation of almost $2 billion. That would be enough to get into the top 30 tokens with room to grow.

Cosmos Hub (ATOM) Hovers Near the Top Twenty

Cosmos Hub (ATOM) is a project seeking to solve the problem of interoperability in crypto with an ecosystem of parallel blockchains that can interact. The project will go up against the likes of Polkadot and Avalanche, so there is tough competition. The Cosmos Hub (ATOM) network is a proof-of-stake (PoS) blockchain with customizable blockchains called Zones. Binance Chain and Cronos Chain are a few projects built with its Cosmos Hub SDK open-source platform.

In a recent analysis published by crypto investors Van Eck, analysts were supportive of Cosmos Hub (ATOM). The analysts suggested a price target of $140 by 2028 and said that SDK's flexibility could support 5,000 blockchains in the future. That represents a 10x gain in Cosmos Hub (ATOM) from current prices. Cosmos Hub (ATOM) could get there, but analysts have predicted a bigger surge in Uwerx and competition may be the obstacle for Cosmos Hub (ATOM).

Uniswap (UNI) Also Loses Trading Volumes

Uniswap (UNI) was a project losing volumes, according to J.P. Morgan. The investment bank said that Coinbase was the only project to add new volume in Q1 2023 and that is a negative for Uniswap (UNI). Uniswap (UNI) saw a big -53.9% drop in its original decentralized exchange and the V2 Uniswap (UNI) exchange lost -33%. However, these figures were skewed by the release of its V3 upgrade, with that exchange seeing 4.4% in additional volume for Q1.

Uniswap (UNI) could rebound when the V3 platform is fully operational. As an exchange, it will benefit from being fully decentralized, and it is possible that much of the money taken from Uniswap (UNI) was taken to cold wallets in anticipation of moving them to the V3 exchange which is expected to be the hottest decentralized exchange on the market. Still, the market for exchanges is very competitive and that is also the headwind for Uniswap (UNI).

We believe that the Uwerx project promises the best possible gains for investors—it has solid fundamentals and due to its ties with the gig economy it stands to become a blue-chip cryptocurrency. Follow the links below for more details to earn a 25% purchase bonus.

Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp

                                                                                                       _____________                                             

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.

Related Stories

No stories found.
logo
Analytics Insight
www.analyticsinsight.net