In late-November 2021 it looked like metaverse-related assets could be a market winner in 2022. Facebook’s rebrand to Meta Platforms saw the company changing its business model to embrace the metaverse. This led to a big rally in metaverse assets, Decentraland (MANA) and The Sandbox (SAND). The bear market in crypto and slower adoption of the metaverse has led to a slump in the value of these coins.
Decentraland (MANA) Hurt by a Change in Metaverse Fortunes
Decentraland (MANA) looked like it was on the path to success in late 2021 as the Facebook rebrand led to a $5.00 spike in the price of MANA. Around that time, land space in the Decentraland (MANA) digital world was exchanged for high prices, with a plot selling for $2.43 million. Decentraland (MANA) has since slumped to $0.30 and is now trading at $0.61. Despite only 26,000 attendees at the Metaverse Fashion Show.
Decentraland (MANA) is still actively building and trying to attract new users, and in November, it hosted another music festival with live performances from the likes of Ozzy Osborne. Decentraland (MANA) went down to a market cap of over $500 million and is currently at a market cap of $1,116,746,976 in August 2022.
The Sandbox (SAND) Wants to be the Virtual Manhattan
The Sandbox (SAND) was another project boosted by the Meta platform’s launch. The SAND token has faltered in the current year with a move from $5.8 to $0.45. The Sandbox (SAND) actually holds the record for the largest land sale with a $4.3 million purchase. The founder stated that the project wanted to be the “Manhattan of the metaverse” and has shrugged off the bear market to continue building the virtual world.
“It isn’t like ‘Ready Player One,’ a dystopian nightmare. We want to be the Manhattan of the metaverse, a concentration of exciting brands and artists — but our vision isn’t to replace reality,” The Sandbox (SAND) founder said. Despite that, it is still early days for the metaverse. Although The Sandbox (SAND) could see some positive price action in the future, we believe it would be advantageous to seek opportunities with stability and higher growth potential.
Uwerx (WERX) Can Provide Real-World Gains
Uwerx has the potential to be able to create real-world gains while users wait for virtual-world adoption. Meta CEO Mark Zuckerberg has already said that could be years away and users will lose if they wait around. We believe Uwerx will speed through its presale as it brings a revolutionary project to the blockchain. The market for freelance workers is making big advances, and Uwerx can gain.
The pandemic lockdowns led to 12% of U.S. workers joining the freelance industry, and the market continues to grow. According to Statista, the projected number of freelance workers in the United States in 2028 is 90.1 million, up from an estimated 73.3 million in 2023. Uwerx can potentially bring power to workers with lower fees and faster payments. The coin supply for WERX is also a relatively low 750 million, which can supercharge the price of each token from its $0.01 presale price.
Analysts believe that WERX could increase by up to 8,500%. This is further bolstered by the fact that WERX completed its audit with InterFi Network and SolidProof. Liquidity has also been locked for 25 years after the presale ends, and the team has confirmed that contract ownership will be renounced as soon as the project is ready for listing on centralized networks. We strongly believe this could be an opportunity to get into a future blue-chip cryptocurrency at an extremely good price, and it can happen before metaverse adoption. Interested adherents can join the presale for $0.005 (for a 25% bonus) by following the links below:
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