Crypto holders had a tough time in 2022. As we reach the middle of 2023, we begin under a cloud of massive fear, uncertainty, and doubt as the long crypto winter rages on. For instance, long-term top 50 mainstays like Ethereum Classic (ETC) and Monero (XMR) weren’t immune to the descent into a bear market of biblical proportions, with each suffering precipitous drops in value. Entering 2023, the collective market capitalization of cryptocurrencies stands at just roughly over $1.2 Trillion, leaving crypto’s massive players in a complete and total free fall, or worse.
With central banks tightening up monetary policies and dragging down volatile assets first, the crypto industry was thrust in the midst of a wake of frozen accounts, bankruptcy proceedings, and litigation for uncovered fraud.
Be that as it may, the bear market presents golden opportunities to make serious ROI like Uwerx (WERX). Let’s talk about these three cryptos and see their prospects in 2023.
Monero (XMR): Privacy token holding up well but with little upside
Monero has held up its value quite well throughout the 2022 bear market, losing only 42% in the last year compared to other tokens that have lost as much as 95%. Much of that can be attributed to Monero (XMR) and its status as a decentralized privacy token. Monero, by default, obfuscates transaction information about recipients, senders, and the amount in question, making it a popular choice among privacy-focused individuals.
However, since Monero is firmly ensconced in the top 30 coins by market cap, it’s hard to see any serious upside profit-wise from this point forward. It would take billions upon billions in capitalization for Monero (XMR) to touch its previous heights, which won’t happen soon.
Ethereum Classic (ETC): Benefited through merge speculation in 2022
Ethereum Classic, despite its use and developer community being a tiny fraction of Ethereum (ETH), retains its appeal with investors. Ethereum Classic (ETC), after all, is the original fork from whence the Ethereum (ETH) was created from. Consequently, any software upgrades involving Ethereum (ETH) trickle down to produce value appreciation in Ethereum Classic.
Ethereum Classic (ETC) acts as a hedge for Ethereum (ETH) in case any software upgrades fail or cause disruptions. Ethereum Classic is generally more volatile but can be swing-traded for greater rewards for the more experienced investor.
Uwerx (WERX) 2023 presale launches to massive fanfare
If you want to make some bank in this bear (hopefully soon-to-be bull) market, explore the list of crypto presales and invest in new crypto projects with serious quality instead of betting on bounces.
Uwerx looks to be one of those tokens. Uwerx (WERX) seeks to create a Polygon-based Web3-enabled freelance platform that features lower fees (5%), greater transparency and data ownership, enhanced trust and security, and greater IP rights for freelancers and content creators on the platform. Uwerx plans to tap the trillion-dollar gig economy and, in doing so, build the pre-eminent freelance platform that iterates on Web2 counterparts like Upwork and Guru.
Uwerx has completed a full contract audit, and the development team has taken steps to lock platform liquidity and team allocations to ensure the security and success of the platform. Uwerx (WERX) token prices are currently available at discounted presale prices of $0.005 and are tipped by experts to hit the $2-$3 range by Q1 2024.
We do not doubt that because we know that the biggest gains to be made in crypto are made by investing early in strong protocols, exactly like Uwerx (WERX). This is further consolidated by InterFi Network and SolidProof’s decision to approve both audits individually. Getting in on this presale early is highly recommended to enjoy a 25% bonus; please see the links below.