Uwerx is a new project that should have growth investors excited. The bear market has sucked a lot of liquidity from the market and big gains will be hard to attain in 2023 for many projects. Two projects that do not have a good risk/reward profile are Dogecoin (DOGE) and ZCash (ZEC). We will explain why in this article and also show why Uwerx can be the top pick for growth in the year ahead.
Uwerx (WERX) is an Up-and-Coming Project
Uwerx looks to be the ideal coin for growth investors because it has all the credentials required: largely unknown, ready for exchange listings, secure, disruptive and with a growing market. Uwerx is bringing freelance work to the blockchain with a platform that can take market share from the Web2 market leaders. The gig economy is a fast-growing sector after the pandemic changed working habits and Uwerx can take advantage of that trend.
Uwerx was recently audited by InterFi Network and SolidProof, there is a lock-up period of 25 years so investors know that their investments are safe. In addition to this, ownership of the contracts will be renounced. The digital ledger will bring fundamental advantages and Uwerx will slash fees from 20% to 1%. There will be other benefits for employers such as secure data which can eliminate the potential for fake resumes and IP control will be easier. Investors should get in early as this project has a high likelihood of becoming a blue-chip cryptocurrency platform used by millions around the world. Crypto experts are confident of these predictions also due to the fact that liquidity will be locked at presale and for 25 years thereafter.
Dogecoin (DOGE) is Stagnating at a Very High Valuation
Dogecoin (DOGE) has seen a small rebound from the depths of the bear market but the coin still has a valuation of $10bn which is huge for a project that does nothing. Dogecoin (DOGE) trades at a premium valuation because of its following and its links to Tesla founder Elon Musk. If Musk said he had sold out of DOGE, the coin would be useless tomorrow. It currently sits at number nine in the list of coins and the risk/reward is not good for investors.
Dogecoin (DOGE) rallied on hopes of being added to the Twitter platform after Musk acquired the social media outlet. However, crypto took a back seat with the plans for the platform and the coin faded once more. Dogecoin (DOGE) Investors also ignore that the token is a proof-of-work (Pow) coin so that is another headwind as professional investors will select more energy-efficient options, which is the reason that Elon Musk reversed earlier plans to accept BTC for a Tesla.
ZCash (ZEC) Could Face Regulatory Pressure
ZCash (ZEC) is another token with a poor risk/reward profile and that is based on the coin’s privacy use case. Privacy was a niche area of crypto around 2018 and ZCash (ZEC) was a regular gainer in bull markets. However, the recent collapse of FTX and other blow-ups in DeFi projects mean that regulation is coming soon. One of the first targets will be privacy coins because lawmakers often try to tie crypto with black market activity.
ZCash (ZEC) is still ranked in the top 50 tokens and that is a risk for investors. The Russian security firm Kaspersky’s Crimeware and Financial Cyberthreats report for 2023 report warned that NFTs, gaming, and the metaverse could be prone to hacking. These projects are expected to be less secure than other blockchain projects. Japan and South Korea have already banned privacy coins and that makes them a risky investment.
Investors looking for security and big upside potential should take a look at Uwerx. The current presale price is at $0.0065 and WERX is due for an increase on Sunday the 23rd. We believe the current price, with the 25% purchase bonus and the $5,000 competition presents the best investment opportunity for investors both big and small.
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.
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