UWERX joins Near Protocol and VeChain as a good crypto choice

Cryptocurrency investors had little to cheer about in 2022 as a growing number of investors became interested in the sector and faced a punishing bear market.

Aggressive interest rate hikes by global central banks created the bubble in tech stocks and dragged crypto down. Investors are now looking for the best tokens to exit the bear market. Near Protocol (NEAR), VeChain (VET) and Uwerx are three of those with good potential.

NEAR Protocol (NEAR) Sees Strong Adoption in Bear Market

NEAR Protocol (NEAR) enthusiasts had a rough year with the coin falling from $20 to the $1.30 range. The NEAR Protocol (NEAR) is a Layer 1 protocol similar to Ethereum and offers its own wallet and stake rewards. One of the criticisms leveled at Ethereum is its inability to scale, but the NEARs Protocols (NEAR) blockchain uses a revolutionary slicing tool called Nightshade to add infinite scalability and speed. It puts the project in a good place to accept mass adoption.

The NEAR protocol (NEAR) can also connect different external blockchains with the Rainbow Bridge offering. Investors should consider some exposure to Near Protocol and its NEAR token because the ecosystem saw significant growth in the number of total accounts, monthly active wallets, transactions, active developers and projects. From November 2021 to November 2022, Near Protocol (NEAR) saw its accounts grow from 600,000 to 22 million. Active developers went from 250 to over 1,000 and the 100 projects increased tenfold to 1,000.

VeChain (VET) Can Benefit From Supply Chain Niche

VeChain (VET) was hurt in the bear market of 2022 when the project’s market cap fell from $6 billion to just over $1 billion. Despite the dismal year, VeChain (VET) has the advantage of operating in a niche area of ​​the crypto industry. VeChain (VET) describes itself as a smart contract platform focused on the supply chain management industry. Manufacturers can place sensors, such as RFID tags, on their products and record data on the VeChain network.

The supply chain is big business for the likes of the retail giants Amazon and Walmart, where the latter has already operated with blockchain technology in the supply chain. VeChain (VET) can add some diversity to portfolios by targeting an area of ​​the industry that other chains are not. The price of the VET token has fallen from $0.09 to $0.016 so far this year, providing a healthy upside if companies adopt the project for their supply chain tracking needs.

The Uwerx (WERX) presale could have great potential

As most experienced investors know, investing early in projects with solid foundations and potential for growth is often where the biggest profits are made. These gains may be easier to achieve if the project operates without competition. Uwerx will be a Polygon blockchain-based platform offering in the gig economy, and the company is building a platform for freelance workers.

The freelance sector is booming and the dominant players like Upwork can charge higher fees and be slow to pay workers. Uwerx will solve these problems with blockchain technology and lower fees for workers with faster payments due to blockchain technology.

For example, Uwerx will charge a flat fee of 5% compared to Upwork’s 20%. Upwork earned over $373 million in revenue in 2020, which was double its 2016 revenue. These numbers have continued to rise due to the pandemic. Uwerx can tap into this growing market on a global scale and investors in the current pre-sale can secure a future blue-chip cryptocurrency at rock-bottom prices.

This is reinforced by the completion of the pre-launch audit conducted by InterFi Network and Solidproof. The liquidity has been locked for 25 years after pre-launch. Contract ownership must also be relinquished before the project is listed on a centralized change. Investors have shown great confidence in the token’s presale. We think this pre-sale could be what you should see in 2023.

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