While the cryptocurrency market has seen a rise in interest in the presale of Uwerx (WERX), other established cryptos, such as Chainlink (LINK) and Avalanche (AVAX), have seen a relative slowdown. Continue reading to learn about some of the elements driving Uwerx’s popularity and how AVAX and LINK may be impacted in the rapidly evolving crypto industry.
The Celo Blockchain project has formed a strategic relationship with Chainlink (LINK), the dominant decentralized oracle services provider, to promote the ecosystem’s long-term viability and rapid expansion. Although this project is fantastic, Chainlink’s (LINK) scalability issues and expensive costs have reduced investors’ interest.
However, the program might need the capacity to tackle all the challenges plaguing the blockchain sector. These problems have been alleviated to some degree by the Chainlink (LINK) SCALE program, which enables protocols to pay for running nodes on Chainlink (LINK) using fees created by utilizing the protocol.
The current asking price for Chainlink is $7.97. Compared to its all-time high value of $52.88, the price of Chainlink has decreased by 84.49%, which is a huge concern for its investors.
Avalanche is a competing smart contracting platform to Ethereum that offers transaction confirmation in milliseconds. However, given Avalanche’s advantageous scalability and relatively cheap transaction costs, it still needs to catch up to the original smart contracting platform, Ethereum, which has more users and is more actively developed.
Despite Circle’s (the company behind the stablecoin USDC) implementation of the Cross-Chain Transfer Protocol (CCTP), AVAX has stayed within its trading range and has been unable to make up for recent setbacks. This change in conditions has prompted speculation about the state of Avalanche generally since active addresses and users are inaccessible.
Despite other tokens lagging in price movement, Uwerx presale has enjoyed a tremendous uptick. A recent survey noted that 54% of HR professionals continue to use prop talent marketplaces, up from just 33% in 2021. Uwerx is positioned to offer clients a better talent pool with subsidized fees. This decentralized freelance platform on the Polygon (MATIC) network will charge just 1% compared to Upwork’s 10%.
It’s fascinating to see that while selling at $0.0225 in its Presale 4, WERX tokens have surpassed previous predictions—more than 68 million of these tokens have been sold. The overwhelming demand caused the team to increase the total token allocation to 77,500,000 instead of the previously planned 60,000,000 tokens sold in the fourth phase. News about the Alpha Version to be released on May 19th is a major catalyst behind the surge.
With more than 5,000 coin holders, the protocol has also been audited by SolidProof and InterFi Network. Plans are also in place to freeze founders’ tokens for 25 years after the presale ends. We anticipate a meteoric rise in this coin’s value to $1.89 by Q1 2024. With a 20% discount for early investors, there is never a better time to buy than now.
Telegram: https://t.me/uwerx_network
Twitter: https://twitter.com/uwerx_network
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