2023 is a better year than 2022 for most crypto projects. Shiba Inu (SHIB) and Conflux (CFX) have recorded some gains this year, unlike last year, but the upcoming project, Uwerx, is doing tremendously well in its ongoing presale. The project is impressing investors and developers, and analysts see more gains ahead.
Read on as we analyze the price prediction and potential of Shiba Inu (SHIB) and Conflux (CFX) and explain why Uwerx presents a better opportunity for investors.
Shiba Inu (SHIB) Ends The Month On A Low
Shiba Inu (SHIB) decreased significantly in May. The project recorded a -27.520% decline leading traders to consider the month of May as the most disastrous month for Shiba Inu (SHIB) since November 2022. Recall that in November 2022, Shiba Inu (SHIB) declined by 24.9% after FTX’s collapse.
Shiba Inu (SHIB) has tried to differentiate itself from other meme coins by adding utility-based functions to the SHIB token. It introduced the Shibarium, a Layer-2 scaling solution, and ShibaSwap.
Shiba Inu (SHIB) trades at $0.00000841, indicating a -3.36% decrease within the last 24 hours. Although the trending meme coin today is Pepe (PEPE), analysts believe that when the craze ends, traders will realize that Shiba Inu’s (SHIB) utility could make the SHIB token trade around $0.00001604 by Q4 2024.
Conflux’s (CFX) Big Moves
Conflux (CFX) ‘s most significant move recently is its strategic partnership with China Telecom to launch the blockchain SIM card (BSIM). China Telecom is China’s largest telecommunication network, boasting over 300 million cell phone users. According to the BSIM developers, the card can generate and store users’ public and private keys, enhancing security and reducing the risk of malware.
Additionally, the project recently announced its intention to integrate Uniswap V3 to enhance liquidity. This integration will give users, especially those in Chinese and Asian markets, access to decentralized finance (DeFi).
Conflux (CFX) has not done well in the past 24hrs. It trades at $0.29, with a -10.96% decrease within the past 24hrs. Analysts believe that with the partnerships and advancements planned by the Conflux (CFX) Network, its CFX token could increase to $0.61 by the fourth quarter of 2024.
Although Conflux’s (CFX) prediction is enticing, analysts advise traders to go for the upcoming Uwerx project for long-term and short-term profits. Let’s find out why.
What Makes Uwerx (WERX) Stand Out?
Uwerx will stand out in the freelance industry by bringing blockchain technology to the gig economy. It will offer transparent pricing, personalized matching, in-built dispute resolution, incentives, low fees (1% transaction fee), and more.
The project has been generating buzz in its presale. It has sold out each presale stage in record time, which impressed early investors and developers.
Uwerx’s presale success is much related to its developers’ agile methodology approach. With this approach, the team divided the project into different stages and released them with improvements where necessary.
Since Uwerx outperformed their expectations, Uwerx developers had to make some adjustments to cater to the increasing demand for WERX tokens. They began by increasing the presale allocation to 427.5 million tokens, which is 57% of the 750 million tokens supply. They then bumped the launch price to $0.095 – $0.115, reducing their token allocation to 7%.
Additionally, they introduced the ongoing fifth presale stage and allocated 72.5 million tokens to it. WERX tokens sell for $0.05245/WERX with a 15% purchase bonus.
Investors are all over Uwerx. And being that SolidProof and InterFi Network have audited the project before the presale, they are confident that their funds are safe. To further strengthen security and show their commitment to their investors, the Uwerx team has relinquished smart contract ownership. This will start once Uwerx lists on centralized exchanges.
The team also proposed a 25-year liquidity lock on their tokens, which was previously scheduled to start after the presale. But following a poll where 82.8% of the responders wanted the tokens locked immediately, the team agreed to start the lock next week.
In another poll done for a test airdrop, 98.2% of respondents voted in favor of the test airdrop. The team believes the airdrop will enable users to verify their Receiving Wallet addresses.
Uwerx recently introduced the Uwerx Vault, a feature enabling users to save their tokens for a desired time and earn rewards.
On another note, the Alpha version of the Uwerx platform has launched. This version currently comes with a Landing page, Signing Up page, Logging In page, Forgot password page, Freelancer or Client initiation page, My activity page, Hiring dashboard page, Job creation process page(s), Initial step of Job Creation, and initial step of Finding Talent pages.
Uwerx will also transition to the Beta version soon, so users will start testing the platform themselves. The team expects feedback from the community. So they have set up a dedicated email, feedback@uwerx.network, to receive feedback.
Velocity Global predicts that the gig economy will witness a 15% compound annual growth rate (CAGR) through 2026. This has led analysts to predict Uwerx to trade above $3 by Q1 of 2024. So, don’t miss the chance to get WERX tokens for cheap and get the 20% purchase bonus.
Learn more about Uwerx and its presale by clicking the links below:
Presale: invest.uwerx.network
Telegram: https://t.me/uwerx_network
Twitter: https://twitter.com/uwerx_network
Website: https://www.uwerx.network
