Investors who follow trends in the crypto space and keep abreast of the current narrative will always be able to outperform the majority. Three core narratives investors should be aware of are the liquid staking derivative narrative Lido DAO (LDO), the rise of noncustodial leverage trading GMX (GMX), and blockchain-driven solutions improving traditional market services Uwerx.
Lido DAO (LDO)
Lido DAO (LDO) is the DAO that governs the liquid staking protocol Lido. Lido DAO (LDO) enables users with less than 32 ETH, or without the technical knowledge to run a node, to participate in Ethereum (ETH) staking. Lido DAO (LDO) has attracted millions of ETH, and analysts expect Lido DAO (LDO) to continue appreciating, with another anticipated surge in deposited ETH for Lido DAO (LDO) when the Shanghai hard fork goes live, allowing for withdrawals.
Lido DAO (LDO) leads the liquid staking derivatives narrative, and analysts favor Lido DAO (LDO) to maintain its market-leading position.
GMX (GMX)
GMX (GMX) is undeniably one of the hottest DEXs in DeFi. GMX (GMX) launched initially on Arbitrum, and following this, GMX (GMX) also launched on Avalanche (AVAX). GMX (GMX) allows traders to short and long digital assets, and crucially GMX (GMX) enables users to access up to 30X leverage. Crypto traders have an appetite for leverage, and GMX (GMX) delivers this and a brilliant user experience.
GMX (GMX) continues to be the dominant DApp within Arbiturm, and analysts expect the value of GMX (GMX) to increase as trading volume grows.
Uwerx (WERX)
Freelancing has been the key growth sector of the jobs market. According to Forbes, 59% of freelancers told us that they were earning more than their counterpart person working a full-time job and 11% of survey respondents break even with employees. Only 12% of freelancers said they were earning less than their employee colleagues. A core reason for reduced earnings amongst freelancers is the extortionate fees charged by traditional freelance marketplaces such as Upwork, which charges freelancers 20%.
Uwerx will deliver a decentralized marketplace built upon the Polygon (MATIC) network. The protocol has already been audited by InterFi network and Solidproof and has announced a 25-year liquidity lock on funds after presale ends. Blockchain’s immutability will power better record keeping, a more trusted service eradicating fraud and centralized abuses of power. Additionally, smart contracts will remove the need for escrow services, and Uwerx will drastically reduce service fees. This fundamental technological edge could see millions of freelancers join the platform throughout 2023. Several analysts have predicted the WERX token could trade as high as $9 at the end of the first quarter of 2024.
Explosive Year Incoming For WERX Holders
Many analysts have hinted that Uwerx may become a blue chip project, and its presale presents the opportunity to enter what could be one of 2023’s best launches at the spectacular price of $0.005. It will undoubtedly be an exciting year for early investors in Uwerx.
Find Out More Here:
Website: www.uwerx.network
Presale: invest.uwerx.network
Telegram: t.me/uwerxnetwork
Twitter: https://twitter.com/uwerx_network
