Since the coin market is always buzzing with the launch of new projects, investors are always ready to invest in the ones that show growth potential. Despite the current state of the cryptocurrency market, the new project, Uwerx, is already grabbing traders’ attention.
This article will explain why experts believe that Uwerx will continue to move upward in value and translate to massive gains for its investors.
But first, we shall look at the week’s performance of Stacks (STX) and Chainlink (LINK) and see if they will benefit their holders like Uwerx.
Is Stacks (STX) Still Falling?
Stacks (STX) is a Layer-2 blockchain that provides a scalable infrastructure for performing decentralized finance (DeFi) transactions and building decentralized applications (dApps) on the Bitcoin (BTC) blockchain. The project aims to create a more secure and decentralized internet owned by users.
Being one of the first blockchain layers to mint Ordinals NFTs, Stacks (STX) quickly gained prominence in the coin market. It received more adoption from investors and recorded some gains.
Following the Stacks 2.1 upgrade launch in March 2023, the blockchain experienced a 14% increase in 24hrs, rising to $1.27. However, Stacks (STX) failed to maintain the momentum and fell to $0.58. The current market dynamics seem to have caught up with the project, as analysts predict it will trade at $1.10 by Q2 2024.
Chainlink (LINK) Continues To Facilitate Interoperability
Chainlink’s (LINK) Oracle technology has become a success, attracting more than 2,500 projects to its ecosystem and facilitating trillions of dollars in transactions. This paved the way for Chainlink’s Functions, a self-service platform that enables developers to connect their dApps and smart contracts to Web 2.0 APIs.
With Chainlink Functions, developers can seamlessly customize computations on Web 2.0 APIs, bridging the gap between smart contracts and Web 2.0 APIs.
Chainlink (LINK) revolutionized decentralized finance (DeFi) by connecting market data to blockchains. Now the project is paving the way for capital markets to access Web3, setting the stage for the future of on-chain finance.
On June 6, 2023, Chainlink (LINK) announced that it was collaborating with Swift and some other financial institutions on experiments to enable interoperability across public and private blockchains.
These developments have translated to an increase in Chainlink’s (LINK) price in the past 24hrs. The project currently trades at $6.23 with a market cap of $3,221,644,269. Analysts predict the coin will reach $11.26 by the first quarter of 2024. However, they are convinced that Uwerx will go above Chainlink (LINK) once it launches.
What Puts Uwerx (WERX) Above The Rest?
Uwerx’s innovative approach, incentives, strong community engagement, robust technical infrastructure, and security features are just a few qualities that make analysts rank it above many other projects. Add these to the project’s innovative freelance offerings, and you will see why investors and freelancers consider it the next big project in the coin market.
The ongoing presale has become the talk of crypto enthusiasts in the past month. This is because the project has performed incredibly well in its presale stages, leading to a large following.
Uwerx’s presale has been a success, leading its developers to increase the presale token to 427.5 million tokens (57%) of the 750 million tokens supply. They also raised the launch price to $0.095 – $0.115, reducing their token allocation to 7%. The project is in the fifth presale stage, with 72.5 million WERX tokens selling for $0.05245/WERX. It also offers a 15% purchase bonus, and investors are already taking advantage of it.
Uwerx’s presale success is primarily based on the Uwerx team’s agile methodology approach, which allowed them to split the project into different stages and release them in stages while making improvements where necessary.
This fantastic team also saw to it that Uwerx promoted transparency and security. They had the project audited by SolidProof and InterFi Network ahead of the presale. They also relinquished smart contract ownership, which will take effect when Uwerx lists on centralized exchanges.
On top of that, they set a 25-year liquidity lock on their tokens on June 7, 2023, after 82.8% of respondents in a poll voted for it. 98.2% of respondents also voted in favor of a test airdrop which the team believes will enable users to verify their Receiving Wallet addresses.
Uwerx has also introduced a new feature called the Uwerx Vault, which offers users a place to earn rewards by saving their tokens for a desired period.
The project has recently launched its Alpha version featuring a Landing page, Signing Up page, Logging In page, Forgot Password page, Freelancer or Client Initiation page, and My activity page. It also features the Hiring Dashboard page, Job Creation Process page, Initial Step Of Job Creation, and Initial Step Of Finding Talent pages.
The platform will transition to the Beta version soon so that users will start testing the platform themselves. Users are urged to send feedback to the Uwerx team through feedback@uwerx.network.
According to Velocity Global, approximately 48% of new freelancers perceive freelancing as a long-term career path. This suggests that the freelance industry is set to experience exponential growth, and Uwerx will be part of that growth. Based on this, analysts predict the WERX token will trade above $3 by the second quarter of 2024.
Investors are advised to buy WERX tokens and enjoy the 15% purchase bonus.
Click the links below to learn more about Uwerx and its presale:
Presale: invest.uwerx.network
Telegram: https://t.me/uwerx_network
Twitter: https://twitter.com/uwerx_network
Website: https://www.uwerx.network
