The cryptocurrency bear market in 2022 tracked the downtrend in technology stocks as aggressive central bank rate hikes destroyed lofty valuations in riskier investments. As the market pins its hopes on a rebound, Avalanche (AVAX), Algorand (ALGO), and Uwerx are three coins that can move rapidly higher. Read on to find out our price predictions for 2023.
Avalanche (AVAX) Lived Up to its Name
Avalanche (AVAX) lived up to its name in 2022 with the coin crashing from $109 to lows near $10. That was in line with its Total Value Locked (TVL) on-chain which tumbled from almost $12 billion to its current value of $777 million. Avalanche (AVAX) released a new upgrade recently with its Avalanche Warp Messaging (AWM), which allows any two blockchains operating on Subnets to exchange and validate messages to clear the cloud.
Avalanche (AVAX) says it is the fastest smart contracts platform in the blockchain industry and allows users to launch Ethereum decentralized applications. Users can stake, or lock up, Avalanche (AVAX) tokens to help process transactions and further secure the platform. The DeFi market has lost a lot of investors with the interest rate hikes and the failure of projects like LUNA. Avalanche (AVAX) will have to navigate those choppy waters for a recovery. We believe further lows are possible, indeed, the coin has recovered to $17.63 but the coin can recover to around $30 in 2023.
Algorand (ALGO) Can Bring Developers and TVL Onlive
Algorand (ALGO) had a similar downtrend to Avalanche (AVAX) with the token falling from $1.66 to $0.16. Both projects have a 10x target to their previous highs. Algorand (ALGO) touts itself as the greenest, most decentralized, most scalable, and most secure blockchain. The Algorand (ALGO) project can also process transactions at 6,000 per second.
Algorand (ALGO) recently got an addition to Cryptoslam which will increase the visibility of its NFT ecosystem. Algorand (ALGO) also recently announced a major upgrade to its protocol which State Proofs for trustless cross-chain communication and led to faster transaction speeds. With a recovery in the second half of 2023, we see ALGO trading around the $0.80-$1.00 level.
Uwerx (WERX) Can Be a Bigger Winner in the Presale of 2023
Uwerx will be a brand-new project seeking to enter the world of freelance work. That has been a booming work sector, which got a boost from the pandemic changes to working habits. Uwerx can capitalize on a crypto rebound and continued growth in the gig economy growth. Bringing this to the blockchain can disrupt the current market leaders and bring benefits to workers and employees.
Uwerx can solve the current problems in the freelance market where high fees, scam job adverts, and rogue freelancers can be a problem. The blockchain allows data storage, lower fees, and faster payments in the industry and that can see its WERX token soar in 2023. The price of the presale will be $0.005 but with 750 million tokens in circulation, that means a market cap of $7.5 million.
Some analysts have predicted a price increase of 6,000% this year for Uwerx and that would mean a token price of $0.60. We feel that is a fair price target with $0.30-0.60 possible after the marketing campaigns are complete. The disruptive features of WERX have analysts predicting that it is likely to see gains of up to 25,000%. Follow the links below to find out how you could invest and earn a 25% bonus in the on-going presale.
Website: www.uwerx.network
Presale: invest.uwerx.network
Telegram: https://t.me/uwerx_network
Twitter: https://twitter.com/uwerx_network
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
