Bitcoin Cash (BCH), Litecoin (LTC) and Uwerx (WERX) Price Prediction – Cryptopolitan
The cryptocurrency world has been rocked by a series of high-profile explosions, from the collapse of the FTX exchange to the more recent troubles sparked by Silicon Valley Bank. In this article, we will discuss why it can reduce the price of older coins such as Bitcoin Cash (BCH) and Litecoin (LTC). Uwerx is a new project that can help investors find strong gains in 2023 and avoid regulatory fallout.
Uwerx (WERX) May Outperform Legacy Crypto
Uwerx is a brand new project that brings a thriving market to the blockchain. Blue-chip companies are increasingly turning to freelancers and external workers for their tasks, and Uwerx wants to capitalize on this trend. Upwork, one of the main competitors in the space, has a market capitalization of $1.36 billion. That would be enough to catapult Uwerx into the top 40 cryptocurrencies.
Uwerx could take some of the current market share with its plans to cut fees from 20% to 1% compared to the market leaders. None of these projects have a blockchain offering, and that would also bring benefits such as accuracy of records and transparency.
According to data firm Statista, 59 million Americans are now involved in freelance work, accounting for 36% of the total US workforce. This trend is global and has been spurred by the pandemic’s effects on work habits. It’s no surprise that analysts have high hopes for Uwerx, with some seeing it reach $1.20 in 2023, before reaching $2.50 in 2024. Uwerx is currently in a pre-sale of $0.00995, so that’s a significant upside.
The project has already completed two successful audits with InterFi Network and there is a 25-year lock-in period for development funds after the pre-sale. It is still early for investors to get involved, and we believe Uwerx can become a dominant force in the freelance industry.
Bitcoin Cash (BCH) still tracks BTC sentiment
Bitcoin Cash (BCH) received disappointing news in December 2022 that crypto exchange Coinbase would stop supporting the coin in its wallet. The likes of Ripple XRP were also included, but there was still a battle for adoption in Bitcoin Cash (BCH). Bitcoin Cash (BCH) was able to rally with Bitcoin in early 2023, but it has been sliding towards a move out of the top 30. Bitcoin Cash (BCH) can still recover, but needs mass adoption and is being hindered by the bear market . We see the potential for Bitcoin Cash (BCH) to reach $300 in 2023 if the cryptocurrency sector can recover.
Litecoin (LTC) is awaiting another halving event
The next development for Litecoin (LTC) will be the expected halving event, which is around 6 months away. A Litecoin (LTC) halving occurs when the rewards that miners receive for processing blocks in the chain are halved. This increases the scarcity of the coin and the cost of mining it, which should add to deflationary effects and a higher price of Litecoin (LTC).
Litecoin’s (LTC) halving events happen every four years, which is why they are so highly anticipated. Previous Litecoin (LTC) halvings have been completed in 2015 and 2019, and both saw subsequent increases in price. Analysts and Litecoin (LTC) bulls are therefore excited for this August. Litecoin (LTC) has resistance at $105, but could reach $230 with a crypto rebound.
The two legacy coins are holding firm as the bear market wreaks havoc in the crypto sector, but we see Uwerx as the better investment in 2023. This project is being built under the radar, but is targeting a huge market and investors should not miss the pre-sale price, which is expected to rise steadily; on Saturday it will be $0.012. More information about this hot crypto can be found in the links below; a 20% purchase bonus is currently applied to all purchases.
Advance sales: invest.uwerx.network
Telegram: https://t.me/uwerx_network
Website: https://www.uwerx.network
