Uwerx is a new crypto project seeking to disrupt the market for freelance workers. By leveraging a growing sector, Uwerx has a big growth opportunity with the blockchain. The coin has been tipped for big things in the year ahead while others will be a slow rebound. Chiliz (CHZ) needs more mainstream adoption for sports fans to embrace the blockchain. Theta Network (THETA) is a project that has aligned itself with NFTs and will need that sector to bounce back.
Uwerx (WERX) Can See Rapid Gains
Uwerx is a new project currently in presale that can benefit from being under the radar with many investors. Uwerx is planning to unseat the market leaders in the freelance work sector with a blockchain platform and take early market share with its fundamental advantages. The current market leaders in the gig economy are projects like Fiverr, but these are Web2 platforms with centralized power. By moving to decentralization, Uwerx can secure a better deal for workers and employers.
Although Uwerx is new, the project has passed an audit with InterFi Network and SolidProof which adds important confidence for investors. Even better is that the development capital will be locked for a period of 25 years after the presale ends, so this is no get-rich-quick crypto scam. One of the current market leaders bagged $500m in revenues in 2022, which was up 35% on the year. Investors can get involved with this project early and tap into the growth potential of the market. However, there can be early gains once more investors get to know the project, and it is no surprise that analysts predict an upside of 8,500% for Uwerx.
Chiliz (CHZ) Needs More Mainstream Attention
Chiliz (CHZ) is the native token for the Socios sports platform which has been launching fan tokens for big-name sports teams. Chiliz (CHZ) was the first project to embrace sports crypto tokens and the potential for fan governance. Since then, we have seen the rise of NFTs and competition from the likes of FIFA and US sports card collectibles. The price of Chiliz (CHZ) was trading at the $0.70 level in 2021 but has now slumped to $0.12. This type of project needs to find some mainstream acceptance of crypto for fans to really embrace the tokens.
Chiliz (CHZ) had some positive news to start 2023 after CME, the Chicago futures exchange, announced a data feed listing for Chiliz (CHZ), and some fan tokens were added to Upbit, which is South Korea’s largest crypto exchange. UPbit confirmed that they would provide a listing for the AC Milan (ACM), Atletico Madrid (ATM), Manchester City (CITY), Naples (NAP), Arsenal (AFC), Barcelona (BAR), and Inter Milan (INTER) football teams. This is positive to see another exchange on board but may not fuel an immediate rally.
Theta Network (THETA) Needs NFTs to Rebound
Theta Network (THETA) was popular in 2020-21 as the project started a staking option and also jumped into NFTs with artists such as singer Katy Perry. However, NFTs slumped last year with Cryptoslam.io data reporting that NFT fell to $565m in 2022, from highs of $4.9bn the previous year. That 80% drop sucked the wind out of the market and projects like Theta Network (THETA).
Theta Network (THETA) started out as a video streaming platform but has since moved further toward NFTs. That will continue in 2023, with the project expected to see a full launch of its ThetaDrop NFT marketplace.
However, investors seeking a larger rebound will need NFTs to rebound and that is impossible without a steady bull market. Investors should add an allocation to Uwerx which is already part of a booming market. Jump to the presale by following the links below to find out more about the project’s 25% purchase bonus, an ongoing competition and the price increase that is occurring on Sunday.:
Follow Us on Twitter and Facebook.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.