Most cryptocurrencies, including Voyager Token (VGX) and Naga (NGC), are currently swimming in red charts. SEC has accused these tokens of being unregistered securities causing investors to withdraw their assets in panic.
As the market hopes for a rebound, experts predict that Uwerx could be the most appealing investment option. This article explores the reason behind this optimistic sentiment.
Voyager Token (VGX) Falls Drastically Following Delays In Binance Purchase Deal
Voyager Token (VGX) is the native token of the crypto lending platform, Voyager Digital. The lending platform filed for bankruptcy in July 2022, citing crypto market volatility and a loan payment default by the crypto hedge fund, Three Arrows Capital (3AC). In December 2022, Binance.US offered to buy the platform’s assets to help it pay off creditors. Voyager Digital intends to refund 35% of customer crypto assets, worth around $1.33 billion.
However, the SEC labeled the Voyager Token (VGX) as a security, causing Binance CEO to be skeptical about buying the firm. On March 5, Voyager Digital countered SEC’s securities claim and accused the regulator of delaying its buyout by Binance.US and costing it $10 million in monthly legal expenses. As a result, the VGX token surged by 11.51% within 24 hours.
In a recent turn of events, the SEC sued Binance, Binance.US, and its CEO, Changpeng Zhao, for breaking securities rules and mishandling customer funds, amongst other charges. As a result, Voyager Token (VGX) drastically fell by 33.76% within the past week. VGX now trades at $0.094, signifying a 21.42% decrease within the last 24 hours.
With Binance focused on its own battles with the SEC, Voyager investors lose hope of any refund or even profits.
SEC Vs. Bittrex: Naga (NGC) Prices Bites The Dust
While filing its case against Bittrex Exchange on April 17, the SEC claimed that Naga (NGC) and five other tokens were unregistered securities offered on the exchange. The SEC cracked down on 19 more tokens following its recent lawsuit against Binance and Coinbase on June 5 and 6, respectively.
Since the news broke, the price of these disputed tokens has plummeted as investors fear several exchanges like Crypto.com and Kraken might consider delisting them.
Naga (NGC) token, which fuels the Nafa Fintech ecosystem, has decreased by 33.1% within the past week. The token currently trades at $0.075, signifying a 21.51% decrease within the last 24 hours.
Uwerx’s (WERX) Market Fit Could Increase Its Adoption And The Value Of Its Token
In a Forbes report, 71% of respondents acknowledged that integrating independent workers into their business enhances agility, particularly during economic uncertainty. This result shows that the global workforce will increasingly embrace freelancing, driven by the desire for greater financial flexibility and the inherent benefits of working on one’s own terms.
Uwerx will enter this resilient and high-growth industry to offer both freelancers and investors lucrative profits. Its presale kicked off in April and is now in its 5th. Its remarkable success is attributed to the agile methodology approach adopted by the developers. This approach has helped them release the project in stages while making significant improvements over time.
Uwerx has also released its Alpha version featuring 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, Hiring Dashboard, and Job Creation Process pages.
The Alpha version will soon transition to the Beta version so users can test the Uwerx platform themselves. They can send their feedback and recommendations to the dedicated email, feedback@uwerx.network.
Furthermore, Uwerx assures investors of its longevity by getting audit approval from SolidProof and InterFi Network. After listing the project on centralized exchanges, its team will also renounce all smart contract ownership. In addition, the team reduced its token allocation to 7% and implemented a 25-year lock on the assets on Wednesday, June 7. This decision was supported by 82.8% of the community and will reassure investors of the team’s commitment.
More investors are welcomed to the Uwerx presale as the team increased the presale token allocation from 45% to 57% of the total token supply of 750 million. The team has also decided to run a test airdrop thanks to a 98.2% community vote. The test airdrop will help verify all token holders have their correct receiving wallet addresses. Token holders can also earn more by locking their assets in the Uwerx Vault. This is similar to staking and will promote more user engagement on the platform.
Experts believe investors can recoup their losses from Voyager Token (VGX) and Naga (NGC) by buying the WERX token while its presale price is $0.041. The token’s launch price could range from $0.095 to $0.115 and surge to $2.7 by December 2023.
The originally intended 10% price surge has been revised down to a 7.5% increase. As such, the rate, which is currently $0.05245, will climb to $0.0564 on Saturday, July 29, 2023, at 18:00 UTC.
Website: https://www.uwerx.network
Presale: invest.uwerx.network
Telegram: https://t.me/uwerx_network
Twitter: https://twitter.com/uwerx_network
