The cryptocurrency market bear market has been hard on investors and some projects are showing little sign of a bottom in price. Two projects in free fall are Tezos (XTZ) and VeChain (VET). Uwerx is a new project that can have big upside potential. The project is seeking to disrupt the market for freelance workers. For that reason, some analysts think Uwerx can see 6,000% gains.
Tezos (XTZ) Finds Itself Among Big Competition
Tezos (XTZ) saw its fortunes wane with the bear market as its token fell from $4.40 to the a price near $0.75, recently the crypto has managed to find it’s footing at the $1.09 mark. That is not as bad as other projects have suffered, but the Tezos XTZ coin is showing no signs of slowing on the downside. VeChain (VET) is a smart contracts platform seeking to bring users strong security and governance. The market for smart contracts is saturated and VeChain (VET) will have to battle with the likes of Ethereum and Hedera for users in the future.
Tezos (XTZ) is also looking to support NFTs with a recent drop by one of which celebrated the rock band, Led Zepellin. Holders of Tezos (XTZ) can also stake the coins on the network for passive income. Tezos (XTZ) currently ranks just within the top 50 coins at number 49 with a market cap of $1,006,349,607. Uwerx could beat that if its token moved from $0.005 to $1.00.
VeChain (VET) is Hurt by Supply Chain Focus
VeChain (VET) has been hit by the crypto bear market with a drop in its market cap from $6bn to just over $1bn. Despite the downtrend, VeChain (VET) can gain from operating in a niche area of the cryptocurrency industry. VeChain (VET) describes itself as a smart contracts platform with a focus on supply chain management. Manufacturers can add sensors, such as RFID tags to their products and record the data onto the VeChain blockchain.
The supply chain is a big opportunity with the likes of retail giants Amazon and Walmart putting huge importance on that area, with the latter already having dabbled with supply chain blockchain technology. VeChain (VET) can still be a good portfolio diversification option by targeting an industry that other projects are not. The price of the VET token has slumped from $0.09 to $0.016 and currently trading at a price of $0.02 in the year to date and that provides a good upside target for investors if corporations adopt the project for their supply chain needs.
Uwerx (WERX) is Another Niche Operator
Uwerx is another crypto project operating in a niche area of industry. Uwerx wants to disrupt the freelance work sector with a blockchain offering that can provide big upside potential for its WERX token which is currently in a presale at only $0.005.
One of the project’s largest competitors will be Upwork, which made $500 million in revenues in 2021, a 35% year-on-year improvement. Uwerx can take market share from Upwork because the blockchain will bring benefits for employees and freelancers.
The first area of disruption for Uwerx is in fees, where Upwork can charge up to 20% and Uwerx will offer 1%. The blockchain will also allow more security for employers with resumes held on the chain and better record-keeping. Both parties will also have control over their intellectual property.
Uwerx recently went through two audits by InterFi Network and SolidProof and will have a liquidity pool lock-up for 25 years after the presale, so investors know their funds are safe. Uwerx offers something new in a market that has stalled. The ownership will also be given up by the creators just before launching on CEX platforms. We believe investors who are looking for high-growth secure investment opportunities should have their eyes on Uwerx. Find out more about the presale by following the links below.
Website: www.uwerx.network
Presale: invest.uwerx.network
Telegram: https://t.me/uwerx_network
Twitter: https://twitter.com/uwerx_network
The post Price Prediciton: Tezos (XTZ) and VeChain (VET) in Free Fall? Uwerx (WERX) Presale Looks to be a Success appeared first on Analytics Insight.
The cryptocurrency market bear market has been hard on investors and some projects are showing little sign of a bottom in price. Two projects in free fall are Tezos (XTZ) and VeChain (VET). Uwerx is a new project that can have big upside potential. The project is seeking to disrupt the market for freelance workers. For that reason, some analysts think Uwerx can see 6,000% gains.
Tezos (XTZ) Finds Itself Among Big Competition
Tezos (XTZ) saw its fortunes wane with the bear market as its token fell from $4.40 to the a price near $0.75, recently the crypto has managed to find it’s footing at the $1.09 mark. That is not as bad as other projects have suffered, but the Tezos XTZ coin is showing no signs of slowing on the downside. VeChain (VET) is a smart contracts platform seeking to bring users strong security and governance. The market for smart contracts is saturated and VeChain (VET) will have to battle with the likes of Ethereum and Hedera for users in the future.
Tezos (XTZ) is also looking to support NFTs with a recent drop by one of which celebrated the rock band, Led Zepellin. Holders of Tezos (XTZ) can also stake the coins on the network for passive income. Tezos (XTZ) currently ranks just within the top 50 coins at number 49 with a market cap of $1,006,349,607. Uwerx could beat that if its token moved from $0.005 to $1.00.
VeChain (VET) is Hurt by Supply Chain Focus
VeChain (VET) has been hit by the crypto bear market with a drop in its market cap from $6bn to just over $1bn. Despite the downtrend, VeChain (VET) can gain from operating in a niche area of the cryptocurrency industry. VeChain (VET) describes itself as a smart contracts platform with a focus on supply chain management. Manufacturers can add sensors, such as RFID tags to their products and record the data onto the VeChain blockchain.
The supply chain is a big opportunity with the likes of retail giants Amazon and Walmart putting huge importance on that area, with the latter already having dabbled with supply chain blockchain technology. VeChain (VET) can still be a good portfolio diversification option by targeting an industry that other projects are not. The price of the VET token has slumped from $0.09 to $0.016 and currently trading at a price of $0.02 in the year to date and that provides a good upside target for investors if corporations adopt the project for their supply chain needs.
Uwerx (WERX) is Another Niche Operator
Uwerx is another crypto project operating in a niche area of industry. Uwerx wants to disrupt the freelance work sector with a blockchain offering that can provide big upside potential for its WERX token which is currently in a presale at only $0.005.
One of the project’s largest competitors will be Upwork, which made $500 million in revenues in 2021, a 35% year-on-year improvement. Uwerx can take market share from Upwork because the blockchain will bring benefits for employees and freelancers.
The first area of disruption for Uwerx is in fees, where Upwork can charge up to 20% and Uwerx will offer 1%. The blockchain will also allow more security for employers with resumes held on the chain and better record-keeping. Both parties will also have control over their intellectual property.
Uwerx recently went through two audits by InterFi Network and SolidProof and will have a liquidity pool lock-up for 25 years after the presale, so investors know their funds are safe. Uwerx offers something new in a market that has stalled. The ownership will also be given up by the creators just before launching on CEX platforms. We believe investors who are looking for high-growth secure investment opportunities should have their eyes on Uwerx. Find out more about the presale by following the links below.
Website: www.uwerx.network
Presale: invest.uwerx.network
Telegram: https://t.me/uwerx_network
Twitter: https://twitter.com/uwerx_network
The post Price Prediciton: Tezos (XTZ) and VeChain (VET) in Free Fall? Uwerx (WERX) Presale Looks to be a Success appeared first on Analytics Insight.