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- Insights
- Cryptocurrencies
- Stocks
- White Papers
- Industry
- Geography
Hedera (HBAR) and Filecoin (FIL) are two crypto projects that are struggling to find support in the bear market. Hedera is a smart contracts platform that has secured some big-name partnerships. Filecoin (FIL) is a decentralized storage network aiming to secure data for corporations. Both of these platforms need user adoption to make big gains, but there is big competition. Uwerx could outperform both with a unique idea that can bring fast user adoption. Analysts have predicted a $2.60 price for WERX, which currently trades at $0.005 in presale.
Hedera (HBAR) is a smart contracts platform bringing speed to the market. The platform boasts a transaction speed of 10,000 TPS, which is compared to ETH with 12 TPS. Hedera (HBAR) also has very low fees and energy usage. The project has some important characteristics, but the key issue is that it would need adoption to see big gains from here.
Hedera (HBAR) suffered in the current bear market with its token dropping from $0.30 to $0.04 and now $0.06. That gives the potential for a 10x investment if the coin can get back to the previous highs. Hedera (HBAR) does count some big-name corporations in its governance model, Boeing, Google, and IBM are three of those names. Hedera (HBRAR) has recently launched a new initiative with the launch of Mintbar, an open-source NFT minting platform. Although HBAR could see some positive price action in the future, we believe it would be advantageous to seek opportunities with higher growth potential and those of which are directly linked to an industry which has shown high growth and resilience in the current volatile market.
Filecoin (FIL) could be another slow burner as the project wants to secure data on a large scale on the blockchain. However, the largest corporations are doing that via cloud computing with the likes of Microsoft. Filecoin (FIL) would need to convince users to trust the blockchain, but after some high-profile hacks, that could be difficult.
Filecoin (FIL) trades at $34 in January and has fallen to $3.06 and has made a recovery to $5.68 year-to-date. That is similar to HBAR, with the FIL coin needing a multiplier move to match its previous highs, but investors may be more cautious with their valuations in the future. Filecoin (FIL) can do well in the future but may be slow to see big gains.
Uwerx is seeking to disrupt the freelance worker industry with a decentralized platform. The project could see rapid adoption if it gets the platform right. The gig economy is booming but is dominated by a handful of companies that have a monopoly on fees levied on workers.
Uwerx can disrupt that sector and improve the freelance experience for workers and employers. As experienced investors know, investing early into projects with solid fundamentals and potential for growth, is often where significant gains are made.
Uwerx will be a project that operates separately from the volatile swings of the crypto market. Analysts are predicting that it will likely increase by 8,500%, from $0.005, and could reach $2.60 by August 2023.
The U.S., India, and the Philippines are the largest freelance countries but WERX can bring others online with a platform where companies can interview, hire, and work with freelancers or contractors from locations around the world. The WERX token is currently in a presale and that is a good entry point for investors to see significant growth. Liquidity will be locked in the project for 25-years after the presale and that will underline the project's credibility, additionally, the project will have its contracts renounced by the owners as soon as the project is ready to be launched on centralized exchanges.
See the links below for more details on growth potential:
Website: www.uwerx.network
Presale: invest.uwerx.network
Telegram: https://t.me/uwerx_network
Twitter: https://twitter.com/uwerx_network
