The crypto market is hot and seasoned traders expect it to stay this way until the end of Q2. Investors waiting for pullbacks will get a rude surprise, and Bitcoin (BTC) continues to push upwards, opening the path for all altcoins to rally hard behind it. Analysts have announced a bearish outlook for Decentraland (MANA), an optimistic prediction for Ethereum (ETH), and a hyper-bullish forecast for Uwerx.\
Decentraland (MANA) Price Prediction
Decentraland (MANA) trades close to $0.55, and analysts expect Decentraland (MANA) to rally to $1.20 in the following months. However, analysts remain long-term bearish on Decentraland (MANA), given increased competition and a lack of metaverse adoption that will be crucial for the financial success of Decentraland (MANA) and other metaverse projects.
Decentraland (MANA) is a virtual reality, and users can own land in Decentraland (MANA). Land sales enjoyed huge speculation in 2021. However, this interest has not reappeared, and Decentraland (MANA) has failed to attract a greater user base.
Ethereum (ETH) Price Prediction
Ethereum (ETH) has been a market leader in 2023, and currently, Ethereum (ETH) trades above $1,913. Analysts have predicted Ethereum (ETH) could trade as high as $3,200 by the end of the year, and point to the continued growth of the Ethereum (ETH) ecosystem. Layer two scaling solutions have brought scalability to Ethereum (ETH) and have been in a mini bull market since launch.
Ethereum (ETH) has upgraded its tokenomics, and since the Merge, Ethereum (ETH) has officially been deflationary, with more Ethereum (ETH) burnt than new Ethereum (ETH) minted by the network. Analysts have pointed to this upgrade underpinning Ethereum’s (ETH) positive future price action.
Uwerx: The Future Of Freelancing
Uwerx is a new protocol set to launch on the Polygon (MATIC) network, and it will deploy a decentralized platform for the gig economy. According to Forbes, 2023 is a growth year for many freelancers. When hiring pauses, the work continues. Fiverr found 78% of companies will rely on freelancing in 2023 rather than add staff. However, despite this increased growth and reliance on freelancers, the marketplaces continue to act as choke points to growth.
Upwork, the market leader, charges a flat service fee of 10% to all users. This halts many freelancing careers before they even begin due to an inability to make a living wage at the beginning. Uwerx will drastically reduce this fee by 75% and, more importantly, ensure instant payment to freelancers following work submissions thanks to its use of smart contracts. It has already been audited by InterFi Network and SolidProof, will lock liquidity for 25 years after the presale closes in addition to renouncing contract ownership when the project is ready to be listed on centralized exchanges.
Participate In The Uwerx Presale Today
The Uwerx presale is open, and investors can join a protocol that analysts believe could be a blue chip as early as 2024. Its future potential price action outweighs Decentraland (MANA) and Ethereum (ETH).
Early investors will join at the first stage opening up the possibility for outlandish returns given significant freelancer adoption, which several analysts speculate could happen as early as Q2 2023; follow the links below to join the presale revolutionizing freelancing today.
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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.