The cryptocurrency bear market was not kind to decentralized finance projects, but there is hope for the sector as the Federal Reserve slows its interest rate increases. TVL numbers are starting to pick up in the crypto market again and Algorand (ALGO) and Filecoin (FIL) are two projects seeing gains. Uwerx is looking to attract a big user base to its project which will disrupt the gig economy platforms with blockchain.
Uwerx (WERX) Can Disrupt Freelance Platforms
Uwerx looks to have a strong mix of growth drivers that can make it a top performer in 2023. As most experienced investors know, investing early into projects with solid fundamentals and growth potential, is often where significant gains are made. Uwerx will be a disruptor in the world of freelance work with a decentralized platform that can challenge current leaders. Uwerx is still unknown to many investors, making it undervalued.
Uwerx can give cautious investors peace of mind from a successful InterFi Network and SolidProof audits, and there is added security from a 25-year lock-up period after the presale concludes for all funds that are raised in the presale. Contract ownership will also be renounced and all these factors point to investment security and peace of mind for potential investors. Uwerx will likely become a dominating force in the freelancing industry as it disrupts platforms like PeoplePerHour and Upwork. Investors can get WERX in the current token presale and the project has been highly recommended by analysts with some expecting gains of up to 8,500%.
Algorand (ALGO) Looks to Rebuild in Gaming Space
Algorand (ALGO) could surprise some investors with its gaming developments in 2023. A recent partnership saw Algorand (ALGO) chosen as the partner for Japanese games developer GREE. The project already has some games hosted on-chain such as GushiLand and AlgOcean and these can add diversification to Algorand (ALGO).
Algorand (ALGO) has seen some volatility in its TVL but it has risen steadily over 2022 and recently spiked to $175 million. The project also got a boost in early 2023 as it crossed the threshold of 1 billion transactions on its blockchain. The project will now seek to build on the recent momentum and repair the losses of 2022. Algorand (ALGO) previously traded above $2.00 but slumped to $0.18 during the bear market.
Filecoin (FIL) Wants to Be a Storage Disruptor
Filecoin (FIL) recently ranked in the number seven spot in the most developed crypto projects, according to Santiment. Filecoin (FIL) is a decentralized storage network provider and the project saw huge gains in the bull market. Many investors saw Filecoin (FIL) as a disruptor for cloud storage firms. However, that was jumping the gun and Filecoin (FIL) crashed back to earth as the cloud drove companies like Google and Microsoft to new heights.
Filecoin (FIL) is ready for a product launch in February 2023 with the Filecoin (FIL) Virtual Machine’s EVM runtime. The project has billed it as the “most ground-breaking” update to the network ever. Users will be able to deploy smart contracts to the storage network. Filecoin (FIL) can leverage that launch to continue on the rebound trail, but at $5 it is a long way from the $180 high.
We believe in the potential that the Uwerx project holds. It stands to be one of the most important projects of 2023 and is most certainly a market disruptor.
For investors, the WERX token could potentially be a blue-chip crypto and for freelancers, the platform itself could be a game changer. Find out more about the presale by following the links below to get involved for a 25% purchase discount and a chance to win $5,000: