Uwerx is a favorite choice of analysts this year with a blockchain project to disrupt the freelance work sector. With strong underlying growth in that marketplace, Uwerx could see strong gains. The Sandbox (SAND) and ApeCoin (APE) are two coins that are facing obstacles to growth. The key headwind is a slow uptake in the metaverse which will make 2023 a quiet year for the projects.
Uwerx (WERX) is Focused on a Booming Market
Uwerx is a brand-new project that is seeking to challenge the likes of Upwork, Fiverr, and PeoplePerHour in the world of freelance gig work. Uwerx will be the first to combine that market with blockchain technology, and that can be beneficial to both employers and workers. The gig economy is seeing strong growth, with 73 million workers expected in the U.S. in 2023. That number is expected to grow to 91 million by 2028 as corporations embrace temporary workers.
The rival Upwork platform saw a record year with $3.5bn of bookings in 2021, up 35%. The project also had $500m of revenues, and that gives an idea of the target for Uwerx. Uwerx recently completed a successful InterFi Network and SolidProof audit, which is more transparent than many crypto firms have been recently. The project will also lock development capital for 25 years, after presale ends, so this is a long-term option for crypto investors. To eliminate fears of a rug pull, contract ownership will also be renounced in line with Uwerx’s listing on centralized exchanges.
The Sandbox (SAND) has to Wait for its ‘Manhattan’ Moment
The Sandbox (SAND) is a metaverse project, the founder said he wanted it to be the Manhattan of the metaverse. The team hopes that land plots in The Sandbox (SAND) will one day rival the U.S. metropolis, and late 2021 gave some hope with a record land sale of $4.3 million for a digital plot. Investors in the digital land space can build anything they want on it, with some building games, communities, or businesses.
The problem for investors in The Sandbox (SAND) is that big gains are likely to take two-or-three years to complete. That was an estimate for adoption from the CEO of Meta Platforms. The other risk is that there is growing competition in the sector. The Sandbox (SAND) will need to see big adoption of the metaverse, and that is not happening at a quick pace. Many thought cryptos would’ve been more mainstream by now, but market trends have their own ideas.
ApeCoin (APE) has SEC (Security Exchange Commission) Scrutiny – Another Obstacle
The price of ApeCoin (APE) was under pressure last year after the SEC launched an investigation of Yuga Labs. The design house was responsible for creating the Bored Ape Yacht Club NFTs and then released ApeCoin (APE) to back up the ecosystem with governance and other utility. The price of APE slid on the news that the SEC was expanding its regulatory moves into the NFT space.
The SEC has not moved forward with any charges against the developers, but the investigation is still open and adds a headwind to the price of ApeCoin (APE). The SEC considered whether NFT launches could have been classed as securities offerings, while ApeCoin (APE) was also being investigated.
Investors should not expect big gains in these metaverse tokens in 2023 and Uwerx can provide better upside potential, join the presale now to enjoy a 25% purchase bonus and stand a chance to win $5,000 by clicking on the links below.
Get in now before the price increase scheduled for later today!
Presale: invest.uwerx.network
Telegram: https://t.me/uwerx_network
Twitter: https://twitter.com/uwerx_network
Website: https://www.uwerx.network/
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