Many altcoins are still recovering from the significant downturn in market sentiment as the US SEC listed more cryptos as securities. Algorand (ALGO) and BitTorrent (BTT) are not excluded.
Amidst this regulatory turbulence, Uwerx stands out as a resilient player, demonstrating consistent price growth and successful presales. Experts predict it could hit $3 by 2024. In this article, we will go into the recent trends surrounding these three coins and explore their potential to achieve success in the future.
Uwerx (WERX): Freelancers’ Passport To Financial Freedom
The surge in remote work has witnessed incredible milestones. The TeamStage blog reports that over 50% of the US workforce will likely participate in the gig economy by 2027. This data informs the need for independent workers to enjoy a fairer and more productive environment. Uwerx aims to provide these services and more on its blockchain-powered platform.
Uwerx promises investors and freelancers enhanced security and trust. It received audit approval from SolidProof and InterFi Network before starting its presale. Now, it’s in its 5th stage and has recorded 5,546 signups, 1,655 Twitter followers, and 1,746 followers on Telegram.
In response to this increasing demand, the Uwerx team increased presale token allocation to 57% (427,500,000 tokens) of the 750 million token supply. The team also reduced their token allocation from 8% to 7% to maximize user benefits.
As transparency is a big part of the Uwerx culture, the developers implemented a 9-month lock on its liquidity on Wednesday, June 7th, 2023, as 82.8% of the community approved. This will discourage any fraudulent activities or rug-pull.
Plus, its team intends to renounce ownership of smart contracts once the project is listed on centralized exchanges. These factors contribute to investors’ belief in the Uwerx project.
The Uwerx community is also an enviable strength, with 98.2% of its community voting on a test airdrop. The test airdrop will ensure token holders have their correct receiving wallet addresses. Furthermore, token holders can earn more by storing their assets in the secure Uwerx Vault.
Finally, users can preview the released Alpha version of the platform. This version features a Landing page, Signup page, Login/Sign In page, Forgot Password, and a Freelancer or Client Initiation page. Other features include the Initial Step of Job Creation and Initial Step of Finding Talent, My Activity Page, Hiring Dashboard Page, and Job Creation Process pages.
Meanwhile, the Beta version will soon be available for users to interact with. They can also send their feedback to the Uwerx team at email@example.com.
SEC Lawsuits Rock Algorand (ALGO): Can It Make A Recovery Soon?
Following SEC’s securities label, Algorand (ALGO) has hit multiple brick walls. The altcoin plunged to $0.098 on June 10th. Though it recovered by over 12.5%, the token still shows a 13.36% decline in its weekly chart. The token now trades at $0.12.
However, Algorand’s (ALGO) woes are yet to be over, as many crypto exchanges have hit the brakes on the token. On June 12th, the trading platform, eToro, announced the delisting of Algorand (ALGO) for its US customers from July 12th. The exchange cited the rapidly evolving regulatory landscape as the reason behind the decision.
Meanwhile, Algorand (ALGO) has announced its collaboration with Seracle, a prominent blockchain cloud company. The partnership aims to promote the adoption of blockchain technology across Web3 companies in India and beyond. It also seeks to drastically reduce Web3 DevOps costs by up to 90%.
The Overall Market Sentiment Hinders BitTorrent (BTT)
Due to its affiliation with Tron, BitTorrent (BTT) was dragged into SEC’s charges against Justin Sun, founder of Tron (TRX), on March 22nd, 2023. The agency accused Sun of violating security laws and issuing unregistered securities in the form of TRX and BTT tokens.
BitTorrent (BTT) is a popular Tron-based file-sharing platform. The decentralized platform aims to revolutionize how we download and share large files over the web. Its protocol also offers interoperability and scalability to users via the BitTorrent Bridge.
Since its label as a security, BitTorrent (BTT) has yet to surpass its performance four months ago as it is done by 14.72%. However, it has managed to recover by 1.48% within the past week. This can be attributed to Tron’s (TRX) recent integration with Ethereum (ETH) using the BitTorrent bridge.
BitTorrent currently trades at $0.00000054, and it might take a while before it gains any significant momentum.
Meanwhile, Uwerx calls on more investors to key into its revolutionary mission. Its team adopts an agile methodological approach which has helped them release the project in stages while making significant improvements over time. Thus, when it comes to massive gains in the long run, we recommend Uwerx.
Join the community while its token WERX trades at $0.041. Follow the links below to enjoy a 15% bonus on your purchases.