Like many cryptos, Ethereum (Ether) sure is happy that it's 2023. After a long, cold crypto winter that saw Ethereum drop in value by 36.22% over the last year, it's truly turned the corner in 2023. Year-to-date as of April 19, Ethereum has gained 65.14% and stands at $1,981.50. It's been on a solid pump recently, too, bumping up in value by 11.08% in the last month, as it has 2k in its sight yet again.
The big boost that Ethereum has experienced in 2023 has also had a trickle-down effect on other cryptos that are based on the blockchain. One of those is a new Upwork replacement that's set to hit $300,000 in the near future.
It's called Deelance (DLANCE), a first-of-its-kind freelancing and recruitment platform based on the blockchain that's revolutionizing how freelancers connect with potential employers. The platform has raised just shy of $300,000 in presale thus far, as investors are gobbling up the available $DLANCE tokens – just as you should now.
Below, we'll dive more into Deelance to figure out why it's such an amazing new crypto project, and reveal how Ethereum's price pump adds more credence to the project.
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It hasn't always been true that Ethereum has to be successful in order for the other crypto projects that are based on it to be successful. For instance, while Ethereum struggled for much of 2022, there were certainly smaller alt coins that are based on the Ethereum blockchain that fared just fine.
That being said, it certainly doesn't hurt when Ethereum does well. In fact, when Ether performs well, it usually follows that the solid projects with good underlying fundamentals on the world's second-largest blockchain do well, too. That's because investors start to do more research and take notice of the projects based on Ethereum.
Deelance is one of those, and it's definitely benefitting from the bounceback success that Ethereum has experienced this year. In a short amount of time in presale, Deelance has been able to raise more than $294,000. It's blowing through pressale stages, with investors who wait, missing out on the lower prices that are available. That's because there's a price increase that occurs with each new presale stage. This is why it's essential that you act now so you can get the biggest potential return on your investment.
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Upwork has established itself as a leading freelancing platform based on Web2. It has a market capitalization of $1.37 billion. That being said, there are some major issues that the platform has, and it shows in its stock price. In the last year, Upwork's stock has dropped 51.18% in value, though it's leveled off a bit with "only" a 4.22% drop in 2023 year-to-date.
Deelance provides a lot of advantages over a platform like Upwork – and others such as Freelancer and Fiverr – because it's a Web3 platform. It offers significantly lower fees for both freelancers and clients than all those other platforms, and it offers instant withdrawals with no fees since it can be done in cryptocurrency.
While having a large number of freelancers make the switch from Web2 to Web3 would have seemed unlikely maybe even a year or two ago, more and more people are comfortable with the move today. Part of the reason for that is the recent success of Ethereum, which is drawing more positive attention to projects such as Deelance.
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Deelance is more than just another freelancing platform. It's providing freelancers with a new way to work.
Users on the platform can create their own professional identity on the Deelance Metaverse. There, they can socialize with other people, buy commercial land or office space, put up billboard advertisements to increase their own brand awareness, get exclusive access to a Metaverse VIP experience, and even gain access to unique tools and services. Since all of this uses the $DLANCE token, too, it provides a great use case for why it'll increase in value.
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While working in the Metaverse, Deelance users will be able to interact with buyers in an office space. There, they can discuss potential projects, or progress on projects, which allows them to connect in a way that really wasn't possible before now. Buyers and sellers can interact directly with each other, which increases the chances that connections will be made.
And speaking of connections, freelancers can build their own network of colleagues in the Metaverse lobby arena. This is great, as freelancers often are out all on their own. This networking capability allows them to connect with others to learn and potentially build up their own business, too.
This aspect of Deelance is what's setting it apart from all of the competition in its industry. Plus, it aligns quite well with Ethereum and the forward-thinking approach. After all, Ethereum did just go through The Merge last fall, which significantly upgraded how the blockchain works, which resulted in significant gains for the project.
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Deelance, a new Web3 freelancing and recruitment platform, is benefitting from two major developments – the shift in work culture to freelancing and the gig economy, and the recent pump of the Ethereum blockchain that it's based on.
The fact that Ethereum is approaching $2,000 again is bringing a lot of great positive attention to cryptos based on the blockchain, which Deelance is. Yet, the real reason Deelance has been so successful in presale thus far is its own approach and design. It's positioned itself as a great replacement for Upwork, Freelancer and Fivrr, and investors are taking notice, pumping almost $300,000 into the presale thus far.
If you want to get in on the ground level of this great opportunity, you better act quick. There's a price increase with each new presale stage, and the current stage ends in about four days. So, buy Deelance now before you miss out.
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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.