Crypto prices seem to be rising as established coins like Dogecoin (DOGE) and Cartesi (CTSI) experience a price hike. However, all attention rests on the new disruptive protocol, Uwerx, and its blockchain-based solution for the freelancing industry.
Can Uwerx satisfy the high expectation of analysts? Continue reading to find out.
What Is Behind Dogecoin’s (DOGE) Recent Revival?
Dogecoin (DOGE) has remained a hot topic since 2021 despite numerous competitors that have popped up, like Shiba Inu (SHIB).
Its current price is $0.074, with its chart showing a 0.76 % value increase since yesterday. This positive momentum is also evident over the past week, with its substantial rise of 3.91 % in value. What could be behind this current rise in the meme coin’s price?
The coin recently made headlines. It was lauded for its outstanding performance in the cryptocurrency market. In a recent AMA session, Binance CEO, Changpeng Zhao, said he was surprised to see Dogecoin (DOGE) last for so long, given the short lifespan of most meme coins.
However, he acknowledged the influence of Elon Musk on the meme coin as he said the famous billionaire might have extended Dogecoin’s (DOGE) lifespan.
Last month, Elon Musk’s Twitter replaced its iconic bird logo with an image of Shiba Inu. This action pushed up its price by more than 20%.
Furthermore, this recent dramatic increase in Dogecoin (DOGE) indicates investors’ increased interest in meme coins. It might go bullish as analysts expect it to sell between $0.08 and $0.11 in 2024. It remains to be seen if the meme coin will meet expectations.
Cartesi (CTSI) Surges Thanks To The Upcoming Release Of The Cartesi Rollups
Cartesi (CTSI) is up by 0.14 % and trading at $0.20. Over the past week, it has also increased by 16.46%. This rise could be an after-effect of the announcement of the upcoming Cartesi Rollups on April 11.
According to the Cartesi Foundation, Cartesi Rollups is an application-centric execution environment that can be deployed as Layer-2 or Layer-3. It is not a Layer-1 blockchain or DApp. Therefore, the traditional concept of a “mainnet launch” for Cartesi differs from many other blockchain projects. Instead of regular features, what will actually go to the Cartesi Rollups mainnet are dApps built using Cartesi tech.
According to the Twitter announcement, the first Cartesi-powered dApp to be featured as part of the mainnet launch will be Honeypot. The Honeypot dApp will hold real assets with the goal of establishing a financial benchmark for secure asset management and provide a gamified battlefield for the community to help audit and test Cartesi’s cutting-edge technology.
The team has not specified a launch date for the Cartesi Rollups mainnet. However, on May 17, they hosted a panel discussion with other Ethereum ecosystem projects in preparation for the launch.
Cartesi (CTSI) is basically a Layer-2 scaling solution that enables developers to create multi-chain dApps. It also supports Linux and other typical software components while allowing developers to deploy application-specific rollups as Layer-2 on Ethereum or Layer-3 on other chains.
Uwerx (WERX) Can Meet Up With Analysts’ Predictions
Uwerx has impressive potential. The number of remote and independent workers has continued to increase post-pandemic. This spells a huge growth in the gig economy, with a predicted value of $455 million by late 2023.
The upcoming Uwerx platform will feature dispute resolution tools, escrow payments, performance and sign-up incentives, enhanced security, and much more. In addition, the platform will offer a significantly lower 1% fee compared to the 15% on traditional freelance platforms like Upwork and Fiverr.
Its Alpha version is already out and features a Landing page. Users can expect other features to be out on a weekly/bi-weekly basis. These features include a Login/Sign In page, User Dashboard, Settings, Posting Jobs, Finding Jobs, and more.
Meanwhile, this current version will soon give way to the Beta version, where users can interact with the platform. The Uwerx team welcomes all users to send their feedback through the dedicated feedback email at [email protected].
Aside from its revolutionary offerings to the freelance industry, Uwerx also allows token holders to store their WERX tokens in the unique Uwerx Vault while earning interests based on platform variables. The Uwerx Vault is similar to staking and designed to promote user engagement.
Uwerx is currently in its 5th stage, with up to 5,000 sign-ups. Its presale price is $0.041 and steadily rising. Due to the fast-paced presale, the Uwerx team has raised the presale token allocation from 45% to 57% (427,500,000 tokens). Also, 98.2% of the community voted for a test airdrop for all token holders to ensure they accurately entered their receiving wallet addresses.
Furthermore, Uwerx has gone the extra mile to assure investors of the safety and legitimacy of their assets. The project obtained audit approval from SolidProof and InterFi Network long before the presale began. In addition, the Uwerx team will forfeit all smart contract ownership after listing the WERX token on centralized exchanges. This will discourage any fraudulent behaviour on the platform.
Uwerx developers have also reduced their token allocation from 8% to 7%. They will lock these assets for 25 years to reassure investors of their commitment. While the lock period was scheduled after presale, it will now have a new date after 82.8% of the community voted for a mid-presale asset lock.
Uwerx is predicted to hit $2.7 by Q1 2024. This is why the team pushed the token’s launch price from $0.09 – $0.11 to $0.095 – $0.115.
It is safe to say that Uwerx has recorded undoubted success. This is a result of the agile methodology approach of the development team. It allowed them to roll out the project in stages while making improvements along the line.
Although Dogecoin (DOGE) and Cartesi (CTSI) are making their own moves, we strongly believe Uwerx can meet up with its future predictions and become the greatest presale of 2023.
Crypto presales represent great entry opportunities for investors who wish to make astronomic gains. New Uwerx investors also get to enjoy a 20% purchase bonus. As this bonus will reduce with the presale price increase, now is the best time to join the presale.