Uwerx is a new project bringing the world of freelance work to the blockchain, and analysts are tipping it for gains of up to 8,500%. The gig economy is a fast-growing sector, and Uwerx can hold a blockchain edge over the current leaders. Old-school payment coins such as Bitcoin Cash (BCH) and Ethereum Classic (ETC) are unlikely to reward holders in the near term.
Uwerx (WERX) Can Disrupt Freelance Platforms
Uwerx has the potential to provide gains in 2023 and climb the ranks of the top crypto projects. Uwerx will leverage an underlying market with real utility and bring decentralized ledger advantages. The current players in gig work platforms use Web2 software, and they often get criticized for high fees and slow payment times. Uwerx can solve those problems and grab some fast market share.
Uwerx is currently in a token presale but has already passed an audit with InterFi Network and SolidProof. The project will also hold development fees in a 25-year lock-up after presale, so holders can trust this as a long-term project and renounce ownership of contracts in the future. The gig economy is expected to grow fast, with 93 million workers in the U.S. by 2028. That is an improvement on the 73 million in 2023. Uwerx will likely become a dominating force in the freelancing industry with its fundamental advantages over traditional freelancing platforms.
Bitcoin Cash (BCH) Still Lives in the Shadows
Bitcoin Cash (BCH) still lives in the shadows of Bitcoin, with dreams of being a payments coin. A coming hard fork has supported Bitcoin Cash (BCH) lately. The hard fork upgrade is expected to add further security and privacy to the network. It will also include “CashTokens” which allows decentralized applications to be built directly on the Bitcoin Cash (BCH) blockchain. The hard fork will also see smaller transaction sizes and smart contract functionality.
Bitcoin Cash (BCH) could benefit from this upgrade, as the project can now attract real development and catch up to the price of Bitcoin. There were rumours in early 2023 that Bitcoin Cash (BCH) would soon become legal tender in St. Kitts and Nevis. The Caribbean nation could add some attention to Bitcoin Cash (BCH) and add to a recent price rally.
Ethereum Classic (ETC) Fails to Hang onto Merge Gains
Ethereum Classic (ETC) has failed to hang onto early gains from the Ethereum Merge. Ethereum Classic (ETC) still uses the same Proof-of-Work architecture that Ethereum has surrendered, and it would have been an easy switch for miners. Ethereum Classic (ETC) did see a jump in Total Value Locked to $1.4 million ahead of the Merge. However, the project has since seen its TVL drop to $377k.
Ethereum founder Vitalik Buterin had endorsed Ethereum Classic (ETC) ahead of the Merge, but his approval failed to create a meaningful rise in activity. In his comments, Buterin said the chain was a “fine” PoW alternative to his own, but Ethereum Classic (ETC) has now dropped out of the top twenty coins to number 24. The current price of ETC is $20.01, with a market cap of over $3 billion.
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