Uwerx (WERX) Offers Investor Security while Binance Coin (BNB) and Cronos (CRO) Lose Out

Uwerx (WERX) Offers Investor Security while Binance Coin (BNB) and Cronos (CRO) Lose Out
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Uwerx is a new project that is currently being built, that investors should look closely and see the potential for a sound investment. The project has recently passed an audit and its development capital will be locked for 25 years after presale ends. The project is also creating something tangible which is tied to the underlying market for freelance workers which is booming. Having an audit has eluded Binance Coin (BNB) and Cronos (CRO) in recent weeks after their auditor pulled out of crypto coverage after the FTX collapse.

Uwerx (WERX) has Niche Crypto Potential

Uwerx is looking to bring real-world utility to the blockchain and reward early investors. The current market leaders in freelance work platforms use Web2 software, but Uwerx will take the market to the blockchain. Uwerx can provide benefits for workers and employers with lower fees and smoother payments, and enhanced data security. Uwerx could grab a quick market share from the current market leaders.

Uwerx has recently passed an audit with InterFi Network and SolidProof ahead of its presale and that gives investors a green light. Gig economy workers grew by 12% during the pandemic in the U.S. and the sector is here to stay as large corporations slash staff and embrace freelance hiring. One of Uwerx's potential competitors booked $500 million in revenues last year. By bringing that market to the digital ledger, Uwerx is likely to become a blue-chip cryptocurrency platform.

Binance Coin (BNB) Could Drift on Regulation

Binance Coin (BNB) was Able to rebound in early 2023 after seeing lows near $210. The price of Binance Coin (BNB) bounced to $300 after investors began to trust the coin again. It is possible that Binance Coin (BNB) gets hit in the future with regulation. The SEC has been tasked with pursuing regulation and the fallout of the FTX exchange could bring tougher regulation.

Binance Coin (BNB) could slip out of the top ten if the regulators decide to break the exchange up or slow it down. Binance has a 24-hour trading volume of $17 billion, while its nearest competitor Coinbase, only has $1.8 billion. Binance Coin (BNB) also suffered when its auditor stopped doing proof of reserve work for cryptos, and investors are not safe in this coin.

Cronos (CRO) Looks to NFTs to Add Volume

Cronos (CRO) is another crypto exchange token that started 2023 on a gloomy note with heavy staff cuts. Exchanges are using the FTX collapse as an excuse to cull staff, but it also gives investors sleepless nights over the state of a project's finances. Cronos (CRO) has the potential to find new volumes at its Crypto.com exchange, but recent data from J.P. Morgan has said that Coinbase was the only project which added volumes in early 2023.

Cronos (CRO) has had the support of Visa from an early stage, with crypto holders able to use their Cronos (CRO) debit cards at retail stores. The project also has a popular tiered rewards system with its cards. The recent cost-cutting is a fall from grace after the project's sponsorship of the Staples Center, home to the Los Angeles Lakers. The company paid a huge $700 million over 20 years for the naming rights, but then the crypto bear market hit. Cronos (CRO) has 70 million users, but the price of its CRO token dropped from almost $0.90 to $0.05 in the bear market.

The Uwerx presale looks to be gearing up to be one of the most important presales in 2023. It has all the makings of a potential blue-chip cryptocurrency. Head over to the links below to see how you could be part of the action and earn a 25% purchase bonus.

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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. 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. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.

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