Cryptocurrency

Hot DeFi Tokens: Uwerx (WERX) , Decentraland (MANA), and PancakeSwap (CAKE)

Written By : IndustryTrends

DeFi had a lousy year in 2022, but all technical indicators point to a massive boom in innovation and price action for 2023. Investors who want to be at the heart of this rally need to add Uwerx, Decentraland (MANA), and PancakeSwap (CAKE) to their portfolios.

Uwerx (WERX)

Disruptors change the core operational model of businesses in the relevant sector. One market segment that has remained unchanged despite enormous growth is freelancing platforms. They benefited enormously from the growth spurred by the pandemic and continue to profit from increasing numbers of freelancers without attempting to innovate. They have remained conservative and acted as rent-seeking third parties, charging exorbitant platform fees for escrow services and unnecessarily bureaucratic processes.

Uwerx will launch a decentralized freelancing platform powered by blockchain technology. The protocol will remove intermediaries, reduce platform fees, and leverage smart contracts to create a more efficient, more secure, and more cost-effective service for freelancers globally. A successful audit from InterFi Network and Solidproof and a 25-year liquidity lock after prelaunch, analysts remain highly bullish that WERX could trade above $9 by the end of 2024, and it has serious potential to become a blue chip project by the end of the year.

Decentraland (MANA)

Decentraland (MANA) is a virtual world built on the Ethereum blockchain. Decentraland (MANA) allows users to create, experience, and socialize in the metaverse. The Decentraland (MANA) token is the in-game currency used to purchase plots of land in the Decentraland (MANA) universe. Users can own real estate in the metaverse thanks to Decentraland (MANA) and have the ability to monetize their creations. Decentraland (MANA) uses NFTs to prove land ownership, and as the metaverse expands, crypto analysts expect Decentraland (MANA) to grow in value.

PancakeSwap (CAKE)

PancakeSwap (CAKE) is a decentralized exchange (DEX) built on the Binance Smart Chain (BSC), and PancakeSwap (CAKE) allows users to trade cryptocurrencies without the need for a centralized intermediary. The native PancakeSwap (CAKE) token is used for platform governance and distributed to investors who provide liquidity on PancakeSwap (CAKE). PancakeSwap (CAKE) offers some of the lowest trading fees in DeFi, and because PancakeSwap (CAKE) is deployed on the BSC, it also offers low gas fees. PancakeSwap (CAKE) is the main DEX of the BSC ecosystem, and growth in DeFi will fuel further appreciation for the PancakeSwap (CAKE) token.

Uwerx (WERX) A Future Blue Chip Crypto

Uwerx will change the freelancing industry paradigm and foster an explosion of participation and innovation between workers and employers. A natural application for blockchain technology and a protocol ready to start shooting through the rankings. Get in on the presale whilst you can to enjoy a 25% purchase bonus and stand a chance to win $5,000.

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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.

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