Theta Network (THETA) and ApeCoin (APE) stand to gain from an NFT rebound. Uwerx (WERX) Crypto Presale Shows Potential in 2023
The non-fungible token (NFT) market fell in 2022 after booming the previous year. Projects such as Theta Network (THETA) and ApeCoin (APE) suffered, but investors will be hoping for a rebound in sales. While the market waits for that trend, investors can jump on Uwerx which is trying to disrupt the world of freelancing with a new crypto platform.
Theta Network (THETA) continues to push NFTs
The Theta Network (THETA) was supported in 2021 when the project was linked to artists such as singer Katy Perry for NFT launches. Industry data from Cryptoslam.io found that NFT sales peaked at around $4.9 billion in sales worldwide in January 2022, but fell to around $565 million in December. The figure was about 80% lower than in December 2021, when $2.8 billion in NFT sales were recorded.
Theta Network (THETA) started life with its video streaming platform, but has transitioned to adopting NFT tokens. The project is expected to see the full launch of the ThetaDrop NFT marketplace in 2022, and it could improve traction for Theta Network (THETA). However, a full decline in the coin’s price will require an improvement in NFT sales. That cannot happen in 2023, and investors should hedge their bets this year.
ApeCoin (APE) Also hangs on NFTs
ApeCoin (APE) is another project that will rely on an upturn in the NFT market to see strong gains. ApeCoin (APE) is the native token of the Bored Ape Yacht Club ecosystem. The coin was launched at the end of the bull market and coincided with the market. The coin was then hit by an SEC investigation into Yuga Labs founder of the Apes phenomenon.
ApeCoin (APE) had a market cap of $7 billion, but the project has since fallen to $1.8 billion. The floor price of the Ape collection has been stubborn for the past year, and ApeCoin (APE) may go ahead again. Movement may be slow as there is less liquidity floating around in the market for investments in the likes of NFTs. Although THETA and APE may see some positive price action in the future, we believe it would be beneficial to seek opportunities with higher growth potential.
Uwerx (WERX) Presale is gaining massive traction
Uwerx has the potential to catch up to the valuations of Theta Network (THETA) and ApeCoin (APE) if the NFT revival slows. Uwerx is looking to disrupt the gig economy platform market and is a real threat to the likes of Upwork and PeoplePerHour. By bringing a blockchain-based protocol into the freelance industry, Uwerx can tap into a rapidly growing market and give power back to freelancers.
Theta Network (THETA) is more susceptible to being taken with a market cap of $800 million. With a valuation of around $1.6 billion, Upwork raises the bar for Uwerx to gain market share and challenge the top tiers of crypto projects. Uwerx can do it quickly with rapid development, as the project will improve the current offering with ledger technology. Uwerx is looking to cut fees and can increase payment speed, and that will create fundamental advantages over traditional freelance platforms.
Analysts predict that Uwerx has the potential to reach blue-chip crypto status and is likely to be used by millions of an ever-growing global workforce. By clicking on the links, you can participate in the most groundbreaking crypto sale of 2023.
The confidence of investors, analysts and experts in the legitimacy and potential success of Uwerx has been further strengthened by the project’s decision to lock in liquidity for 25 years after the pre-sale. In addition, the smart contracts of the project have undergone a thorough audit by InterFi Network and Solidproof, and have been found to be fully compliant. Recently, the team made it clear that they would relinquish all contractual ownership of the project once it is ready to be listed on centralized exchanges. Investors who are interested can get in on the action by following the links below and be a part of a 25% bonus on all investments made.
Advance sales: invest.uwerx.network
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