Despite the bear market, developers have been busy building and pushing forwards the blockchain frontier. The real-world adoption of blockchain technology will drive the coming bull market; this could be the last highly volatile cycle digital assets witness before they mature and become accepted by TradFi. Investors who want to profit from this massive swell of incoming growth need to buy Uwerx, Ethereum (ETH), and Chainlink (LINK).
The core growth area of the jobs sector has been the uptick in remote work and the number of freelancers. A fair assumption would be that traditional freelancing platforms would have optimized their services and innovated to keep up with this rampant growth. However, platforms like Upwork, despite generating more than $373 million in revenue in 2020, have continued with their heavy bureaucratic systems, ignoring the potential for technological innovation. These companies have faced no competition until Uwerx.
Uwerx will launch the world’s first decentralized freelancing platform disintermediating the industry, reducing average fees from 20% to 5% and eradicating lengthy escrow times between work completion and payment for freelancers. Uwerx plans to streamline the industry and uses blockchain technology and its natural inclination for record-keeping to deliver a new standard for freelance marketplaces. Analysts have highlighted the potential for Uwerx to become a blue chip project given the vast market demand for an improved service and predicted that the WERX token could potentially trade as high as $9 by the end of Q3 2023. Uwerx has also received audit approval from InterFi Network and Solidproof – the team has also enforced a liquidity lock for 25 years after the presale ends.
Ethereum (ETH) is an established blue chip, and Ethereum (ETH) will continue to be a market leader. Ethereum (ETH) transitioned to proof of stake in 2022, and 2023 will see Ethereum (ETH) developers ship the Shanghai hard fork enabling Ethereum (ETH) withdrawals. Ethereum (ETH) has become a capital asset, and users who stake their Ethereum (ETH) tokens earn validator rewards. Ethereum (ETH) will not deliver life-changing returns as it did in 2017; for similar returns to the early Ethereum (ETH) days, investors should purchase Uwerx, which has just begun its journey.
Chainlink (LINK) is a decentralized oracle network that connects smart contracts in DeFi to real-world data. Chainlink (LINK) oracles provide data, and protocols using Chainlink (LINK) can implement more complex and accurate DApps. Chainlink (LINK) recently introduced staking for Chainlink (LINK) holders adding an additional value accrual mechanism to the Chainlink (LINK) token. The isolation of blockchains has held back adoption, and Chainlink (LINK) as a blockchain abstraction layer solves this issue by delivering data from the outside world. The potential use cases of Chainlink (LINK) are enormous, and analysts predict it will make an exceptional rally through 2023.
Uwerx (WERX): Pushing The Frontier Forwards
The Uwerx presale presents one of the most inviting investment opportunities of 2023 due to its focus on bringing blockchain to traditional markets. Fundamentally outclassing its competition, the future looks bright for early investors in this freelancing platform, and Uwerx certainly has the potential to become a blue chip protocol before 2024.
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