A project’s presale performance can be an indicator of the project’s success in the coin market. This is because when a project sells out in its presale, it indicates that investors are interested in the project, which will translate to profits for early investors.
The new project, Uwerx, has been having a successful presale, and analysts have taken note.
Read on as we highlight Uwerx’s presale performance and compare its success to Cardano (ADA) and BNB (BNB), who are facing hard times due to the SEC lawsuit.
BNB’s (BNB) Price Falls As Binance Faces SEC Lawsuit
On June 5, 2023, the U.S Security Exchange Commission charged Binance and its founder Changpeng Zhao, alleging that Binance was operating an unregistered exchange, putting users’ assets at risk. They also alleged that Binance and Changpeng Zhao secretly controlled the Binance.US platform’s operations behind the scenes while publicly claiming that Binance.US was a separate and independent trading platform for U.S. investors.
Binance denied all allegations, stating it would defend the platform’s integrity. This lawsuit against Binance sent the coin market tumbling. Crypto projects and meme coins have traded at lows, losing billions in market cap.
Today, June 8, BNB (BNB) trades at $264.34, representing a -13.35% decrease from the past seven days. Analysts believe it may indicate the start of recovery for BNB. They predict the token to trade at $509.65 by the last quarter of 2024.
Cardano (ADA) Prepares To Bounce Back Post Binance-SEC Controversy
Following the SEC lawsuit against Binance, Cardano’s founder, Charles Hoskinson, stated that the suit is part of a broader effort to drive crypto businesses out of the United States financial system. He termed it “Operation Choke Point 2.0.”
He added that, unlike the decentralization ethos of cryptocurrencies, Operation Choke Point 2.0 aims to centralize control over financial life. He argues that the event is not just a regulatory compliance issue but a political, philosophical disagreement with cryptocurrencies and their support for financial freedom and self-sovereign identity.
How did this lawsuit affect Cardano (ADA)? In the past 24hrs, Cardano (ADA) has declined by 0.42%. It currently trades at $0.32 with a market cap of $11,304,290,687.
Traders agree that it is unclear how the lawsuit will play out; however, despite the uncertainty, Hoskinson believes that Cardano (ADA) still has a great future in the coin market. Analysts predict Cardano’s (ADA) value to go above $0.58 by the first quarter of next year.
Uwerx (WERX) Prepares To Change The Freelance Sector
Velocity Global reports that about 36% of the American workforce is into freelancing. Experts predict this percentage will increase as more people keep showing interest in the sector.
This growing market is where Uwerx is preparing to enter and bring revolutionary features. Uwerx will bring decentralization, a 1% transaction fee, fast payments, intellectual property rights protection, and more.
Uwerx is still on presale but has grown from $0.005 to $0.05245. Analysts believe that this price rise is only a sign of more growth. They predict the WERX token to rise above $3 by January 2024.
Uwerx sold out each presale stage in record time. This speed of sales made the Uwerx team raise the presale token allocation to 57% (427.5 million WERX tokens) of the total 750 million token supply. They also raised Uwerx’s launch price to $0.095 – $0.115, reducing the founding team’s allocation to 7%.
The Uwerx team has taken steps to safeguard investors’ funds. They have secured audit approvals from InterFi Network and SolidProof. They also promised to relinquish smart contract ownership when Uwerx lists on centralized exchanges. Furthermore, the team started a 25-year lock on developers’ liquidity tokens.
Asides from these security measures, the team has launched the Alpha version of its platform to help users appreciate the features of the platform. The Alpha version features a Landing page, Sign-up page, Login page, Forgot Password, Hiring Dashboard, Freelancer/Client Initiation, Initial Step of Job Creation and Initial Step of Finding Talent, My Activity, and Job Creation process pages.
The team has announced that they will transition to the Beta version soon to enable users to experience the platform. They also urge users to send feedback to [email protected] to help them improve the platform.
Uwerx also has an interesting feature, the Uwerx Vault, which enables users to save their WERX tokens for various durations. The Vault will also reward users for saving their tokens. The project’s developers recently conducted a poll where 98.2% of respondents voted in favor of the test airdrop, which the team believes will enable users to verify their Receiving Wallet addresses.
Uwerx’s presale ends on July 31, 2023. On Saturday, 29th July 2023, at 18:00, there will be a price increase from $0.05245 to $0.0564, along with an enticing 15% bonus.
You can learn more about Uwerx and join the community through the links below:
Presale: invest.uwerx.network
Telegram: https://t.me/uwerx_network
Twitter: https://twitter.com/uwerx_network
Website: https://www.uwerx.network
