Hedera (HBAR) and Fantom (FTM) are two projects that suffered in the bear market of 2022. Both are seeking to provide smart contract platforms but will face stiff competition in that area. That is likely why their values have suffered and investors can find easier gains in the crypto market. Uwerx is one project that can reward investors, and it does not have early competition in the blockchain. Read on to find out why.
Uwerx (WERX) Looks to Disrupt The Freelance Sector
Uwerx is seeking to disrupt the world of freelance work and will provide a platform for gig economy workers to meet employers. Both parties will gain from a digital ledger platform with Uwerx planning to slash fees , undercutting the industry standard of 20% to 5% while there will also be faster payments possible from the blockchain. That can see the project grab market share from some dominant industry players.
The market value of Upwork, which is a stock market-listed competitor, is around $1.5 billion. Uwerx can build out on the blockchain and its decentralized protocols to have a dominant lead before any rivals seek to join Uwerx is currently in a token presale and investors can get access to the token for $0.005. That is a chance to pick up a token that can be a blue-chip currency at an extremely low price.
Hedera (HBAR) Seeks Traction in a Crowded Sector
Hedera (HBAR) was hurt in the previous bear market with a move from $0.50 to $0.044. The project is seeking to be a disruptor in smart contracts, but there is strong competition in that space. Projects such as Hedera (HBRAR) need big user numbers and that is hard when you are up against the likes of Ethereum. Hedera (HBAR) says that its smart contracts are “smarter” with speeds of 10x available. However, technology is no good without the ability to attract big user numbers.
Hedera (HBAR) does have other areas that can provide support and diversification for the project. NFTs are one and a project executive recently mentioned that LG is rolling out its new television technology, which will integrate the HBAR marketplace where users can buy digital collectibles. The TVs would also allow users to display the NFTs that they own. That could be an enormous boost for HBAR as LG has a large market share in the home appliance world.
Fantom (FTM) Loses TVL but Users Grow
Fantom (FTM) is another project that saw its price crash in the bear market. The market high for Fantom (FTM) was $3.00, and it now trades at $0.45. A problem for Fantom (FTM) has been a big drop in its TVL (deposits locked on the chain) which dumped from around $8bn at the peak to only $400m now. The project has seen a big rise in users but needs to create something tangible for investors to return.
Fantom (FTM) is an EVM-compatible platform, meaning that it can allow users to run Ethereum decentralized apps. Fantom (FTM) is also highly scalable with very low transfer costs and high speeds. Like Hedera (HBAR), Fantom (FTM) has strong attributes, but both are competing in a tough environment and investors may have to wait for significant gains.
That is why we like Uwerx which can operate without competition in its early development stages and reward early investors.To join the most innovative crypto presale of 2023, you can click on the provided links and take advantage of the opportunity.
The project’s liquidity has been locked for 25 years following the presale, which has strengthened the confidence of investors, analysts, and experts in the legitimacy and potential success of Uwerx.
Moreover, the project’s smart contracts underwent a rigorous audit by InterFi Network and SolidProof and passed with flying colors, the team has also made it abundantly clear that they will be renouncing ownership of contracts as soon as the project is ready to be listed on centralized exchanges.
Uwerx has revealed a 25% exclusive bonus on all WERX transactions, solely available throughout the presale duration, find out more about the ongoing presale by following the links below:
Presale: invest.uwerx.network
Telegram: https://t.me/uwerx_network
Twitter: https://twitter.com/uwerx_network
Website: https://www.uwerx.network/
