The cryptocurrency market has endured a year-long bear market and investors are positioning for what they hope will be a long bear run. Three coins with strong potential are Chainlink (LINK), Polkadot (DOT), and Uwerx. The first two are offering solutions to developers and institutions, while Uwerx is bringing the fast-growing market for freelance workers to the blockchain. The project is seeking to disrupt the current market players and some analysts think Uwerx can see 6,000% gains.
Chainlink (LINK) has been a steady crypto during recent bull markets and the project will continue to see demand for its oracles. Oracles are solutions for other projects to add data feeds to their decentralized apps. This can be for pricing feeds, sports, or even weather. Another product that could see demand is its proof of reserve audits. Companies such as Binance have been under pressure to provide transparency on their finances.
Chainlink (LINK) traded at a price high near $50 in 2021 but has slumped to near $7.23 in the bear market. The project posted an early 2023 update of its achievements in the prior year. Chainlink (LINK) Oracle Services supported more developers and projects than ever before. Chainlink (LINK) Data Feeds expanded into new blockchains and Layer-2 projects, including support for a non-EVM chain in Solana.
Polkadot (DOT) suffered a similar price action to Chainlink (LINK) with highs of around $55 dropping to lows beneath $6.18. Polkadot (DOT) focused its attention on parachains, which is to provide cross-chain communication for apps and services on Polkadot’s blockchain. Polkadot enables cross-blockchain transfers of any type of data, asset, or token.
Polkadot’s developers also reviewed the project’s achievements for 2022. It was noted that around 550 projects have either been launched or are under development on Polkadot, which is a solid start to the network’s first full year with live parachains. The company should continue to see support in the next bull market.
Uwerx will be focusing on a niche area by seeking to bring the gig economy to the blockchain. Unlike, Polkadot (DOT), and Chainlink (LINK) the project is not offering solutions to crypto firms but is bringing a fast-growing market to decentralized technology. Statista’s data has said there will be 73 million freelance workers in 2023, but that will grow to 91 million by 2028.
Uwerx is planning to slash fees for freelance workers from around 20% to only 1%. It will also improve the speed of payments as third-party verification is optional for escrow funds. Employers could benefit from the transparency of the digital ledger, with resumes easier to verify.
Investors should look to get involved in the token presale as Uwerx will likely become a dominating force in the freelancing industry with its fundamental advantages over traditional platforms. Liquidity will be locked for 25 years after presale ends, check out the presale using the links below:
Telegram: https://t.me/uwerx_network
Twitter: https://twitter.com/uwerx_network
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