As the cryptocurrency bear market rumbles on there are going to be winners and losers when the rebound comes. Polygon (MATIC) is one that can be a winner with the coin's drop from $2.5 to $0.75 year-to-date better than most. Cardano (ADA) was also set up for good things before the negative market action. Finally, Uwerx is a new project that is looking to disrupt the market for freelance workers and analysts expect big things.
Polygon (MATIC) is a coin that has held its value in the market downturn because of some star-studded partnerships. Entertainment giant Disney previously added Polygon (MATIC) to its accelerator program as the company aims to bring augmented reality technology to its Disney plus and theme parks business.
The next partnership for Polygon (MATIC) was with Meta Platforms, formerly Facebook. The social media giant wants Polygon (MATIC) to head up its NFT offering on Instagram and the price of Polygon (MATIC) can gain from the scale of these partnerships. When the market rebound comes, we predict that Polygon (MATIC) can get back to $2.5 reasonably quickly.
Cardano (ADA) was in a good place ahead of the bear market as the project started to see institutional adoption and decentralized finance use. Cardano (ADA) had around $175 billion in Total Value Locked (TVL) on the chain, which has since dropped to $35 billion. TVL is an indicator of deposits being held on a project's blockchain for apps or staking.
Cardano (ADA) is one of the more secure chains in cryptocurrency. The Cardano (ADA) project made a timely upgrade across the board in 2020. This can put Cardano (ADA) in a good place to reclaim investment when the market recovers. Cardano (ADA) is also preparing for Improvement Proposal 1694 which paves the way for the Voltaire phase, where participants will control the chain and make it truly decentralized.
Uwerx is a project currently in presale, that can rocket higher in the next bull market. Uwerx wants to disrupt the fast-growing market for freelance workers with a decentralized platform that benefits employees and freelancers. That will lead to lower fees, enhanced transparency and security for employers, and IP control. The gig economy currently provides $1.4 trillion to the U.S. economy alone and one of the market leaders, Upwork, made $500 million in revenues in 2021.
Uwerx has received two audits from InterFi Network and Solidproof ahead of its presale launch and the project's WERX token is selling for only $0.005! The project will also lock up liquidity pools for 25 years after the presale ends to avoid any chance of a rug pull. These are security issues that all good projects are taking to reassure investors.
We strongly believe this could be an opportunity to get into a future blue-chip cryptocurrency at an extremely good price – nothing better or more profitable than being early. Further reassurance comes from the fact that the InterFi Network and Solidproof have both passed WERX's audit at prelaunch.
Website: www.uwerx.network
Presale: invest.uwerx.network
Telegram: t.me/uwerx_network
Twitter: https://twitter.com/uwerx_network
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