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Huge sell orders for Decentraland (MANA) and Solana (SOL) have hit the markets, and it appears this is only the first wave. Decentraland (MANA) faces another potential sell-off, and lots of locked Solana (SOL) on the FTX balance sheet will be liquidated to attempt to make clients whole. These sell pressures will likely push Decentraland (MANA) and Solana (SOL) to new lows. Investors should rotate their investments to more stable projects such as Uwerx, which has continued to climb thanks to its real-world utility.
Decentraland (MANA) is a virtual reality where users can explore, purchase land, build, and earn in-game currency through playing. One of the best ways to make a profit on Decentraland (MANA) was the purchasing and selling of land. However, with the collapse in value for metaverse real estate, Decentraland (MANA) entered a bearish trend. With new sell pressure, it will be difficult for Decentraland (MANA) to do anything other than lose value. Many analysts expect this downtrend to remain and for Decentraland (MANA) to continue making lower lows until the metaverse becomes more mainstream, which could take decades.
Solana (SOL) already faced criticisms that it was too centralized. Solana's (SOL) unique consensus mechanism that powers the Solana (SOL) network's excellent throughput means that running a Solana (SOL) node is incredibly expensive. Hence, very few people can do it, running counter to decentralization. Now with vast volumes of Solana (SOL) ready to hit the open market, the majority of Solana (SOL) holders have begun dumping their Solana (SOL), with analysts predicting another 50% retracement. Solana (SOL) has a long uphill battle ahead of it.
The Uwerx presale continues to rally regardless of market conditions. The market has begun to digest the value proposition, and early investors stand to make a fortune on this future blue-chip project. Uwerx will deploy the world's first decentralized platform for remote workers. Uwerx heads a paradigm shift from expensive platform fees and heavily bureaucratic systems to organic connections between freelancers and employers using smart contracts.
As well as drastically reducing platform fees, Uwerx will leverage the natural capabilities of blockchain technology to provide better record-keeping and minimize the risk of fraud. In an industry stifled by centralized players who have refused to adapt, Uwerx will represent a much-needed breath of fresh air. Analysts expect that Uwerx will likely become a dominating force in the freelancing industry with its fundamental advantages over traditional freelancing platforms. Experts have also predicted the WERX token to trade above $6 by the end of 2023, an enormous leap from its presale price of $0.0065.
The Uwerx project has already received audit approval from both Solidproof and InterFi Networks. The team has also locked liquidity in for 25 years after the presale concludes. We believe this is a strong testament to the collective confidence and determination of the team to ensure that the project is a success and to gain the trust and loyalty of the valued community. Especially with the renouncement of contracts that are tabled in for when the project is ready to be listed on centralized exchanges
As the number of freelancers increases, the potential client base for Uwerx grows. Due to its fundamental edge, analysts expect that Uwerx will begin displacing the market share of traditional platforms by Q2 of 2023.
When Uwerx reaches mainstream adoption by Q3/Q4 2023, the value of the WERX token will have risen dramatically. A true hidden crypto gem for 2023. Join the presale now and get in on the action, earn a 25% bonus on your purchase and a chance to win $5,000 worth of WERX tokens.
Presale: invest.uwerx.network
Telegram: https://t.me/uwerx_network
Twitter: https://twitter.com/uwerx_network
Website: https://www.uwerx.network/
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