The dreaded crypto winter threatens to continue its stranglehold on the market as we ring in 2023. It seems like each time the market tries to bounce back, bad news from the crypto space comes out, torpedoing prices to new lows. Solana (SOL) lost over 92% from its ATH values as a result of its close ties to disgraced former FTX CEO Sam Bankman-Fried, while Cardano (ADA) tested new lows almost the entire year.
At the same time, a new presale crypto, Uwerx, is gaining steam with thousands of individuals expressing their interest in participating in its initial offer. Such is the crypto world: hope springs eternally.
How Will Solana (SOL) Ever Recover?
Solana (SOL) fell precipitously from being one of the best-performing assets in 2021 to the worst-performing one in 2022. In 2021, Solana (SOL) was valued at $53 billion. At the end of 2022, Solana (SOL) market capitalization shrank to just $6 billion after a string of unfortunate events that led to the collapse of FTX – one of its largest holders – triggered a monumental collapse in value.
Last July 2022, Solana (SOL) was served with a class-action lawsuit in California for issuing unregistered securities. Meanwhile, crypto experts have identified Solana (SOL) as one of the most centralized blockchain protocols, because the Solana (SOL) ecosystem runs on much fewer nodes than Bitcoin or Ethereum. It sure looks like bearish times ahead for Solana (SOL) holders. In addition to this, the Solana Network has been the victim of constant outages and exploits, regardless of this however, Solana has continued to update itself with solutions to beef up its overall stability and efficiency. It has also managed to recover from the losses it posted in November and December 2022- this was unexpected and due to this renewed confidence we could say that Solana represents a potentially positive outlook in the near future.
Will Cardano (ADA) Break Out from its Slump?
Cardano (ADA) lost eye-watering amounts of market capitalization in 2022 after its meteoric rise in prior years. Specifically, Cardano (ADA) prices rose by as much as 1,400% from 2020-2021, when Cardano (ADA) became the third-largest cryptocurrency by market cap only behind Bitcoin and Ethereum in size.
However, all those gains were obliterated from 2021-2022, leaving Cardano (ADA) holders who “diamond-handed” all the way down to record lows – especially bad news for those who bought Cardano (ADA) at its 2021 highs. It’s back to square one for Cardano (ADA) prices. Some experts have optimistically stated that Cardano could rise to $0.45 from its current $0.39 trading price, only time- investors are undoubtedly displaying some hesitation during t
Uwerx (WERX) Creating The First Web3 Freelance Platform
The recent COVID-19 pandemic and the adoption of the internet is changing how we approach work entirely. The rise of remote work using freelance platforms like Upwork, Guru, and Fiverr became extremely popular at the height of the lockdowns – with millions of displaced workers or those trying to strike up a side hustle signing up en masse. However, the previously-mentioned platforms have been criticized for high platform fees and centralization.
Uwerx is creating the first Web3-enabled freelance marketplace and platform. Uwerx will enable freelancers and clients greater ownership and security of their data, intellectual property protection, lower transaction fees, and the opportunity to create alternate income streams.
Uwerx is a great buy at its current presale price of $0.005 because crypto experts believe it has the potential to hit highs of up to $1.20 in 2023 and $4 in mid 2024. That’s not a stretch, considering the fast-growing number of individuals expressing their interest in joining the Uwerx presale. Uwerx is among the safest presale picks of 2023, with serious legroom to go on a big run.
We strongly believe the presale is ready to go to the moon in 2023 and beyond – investors, get ready to see huge gains (see the links below). Uwerx recently revealed a 25% exclusive bonus on all WERX transactions, solely available during the presale stage.
Presale: invest.uwerx.network
Telegram: https://t.me/uwerx_network
Twitter: https://twitter.com/uwerx_network
Website: https://www.uwerx.network/