Veteran investors are distinguished by their ability to spot trends in the market, understand them, and learn the ways of price prediction. This is why many eyes are on the Uwerx presale as it prepares for a price increase.
Can Filecoin (FIL) and Polkadot (DOT) recover from their downward spiral to compete with Uwerx? Continue reading to find out.
Filecoin’s (FIL) Price Prediction Shows A Bearish Trend
Filecoin (FIL) is a well-known storage network based on IPFS. It compensates node operators for providing file storage, sharing, and retrieval services all within a decentralized platform.
Filecoin (FIL) is now struggling in a storm that has pushed its price down. On May 17, Filecoin Trust registrar, Grayscale, revealed that the US SEC had asked it to withdraw its application to launch a Filecoin trust product (FIL). However, Grayscale said SEC responded by saying Filecoin (FIL) meets the definition of a security.
However, the organization refused to accept SEC’s definition, saying it does not believe that the FIL token is a security under federal securities laws. Grayscale intends to respond promptly to the SEC to explain the legal basis of its position.
Meanwhile, the FIL token has continuously recorded a bearish sign since the negative news. Currently, FIL trades at $4.53 and is down by 0.66% in the last 24 hours. Its market cap is also down within the same period.
While price forecasts show Filecoin (FIL) could touch $5.65 later in the year, it is not a significant increase from its current value.
Can Polkadot (DOT) Fully Recover From Its Tough Spot?
Polkadot’s (DOT) interoperability unites and secures an ecosystem of specialized blockchains called parachains. Therefore, it helps apps and services on Polkadot (DOT) to securely communicate across chains, forming the basis for a unique interoperable decentralized web.
Polkadot (DOT) is currently priced at $5.43. However, the current market sentiment around the DOT token is bearish. Though it is now up by 1.18%, the DOT token has not fully recovered from last month’s decrease of -20.628%.
While analysts project the DOT token to reach $6.51 by Q4 2023, investors should expect a downward price trend in the coming months.
Uwerx (WERX) Is A Must-Have Cryptocurrency
Uwerx is an upcoming freelancing platform based on blockchain technology. Its presale struck the market by storm, with analysts predicting a price value of $2.7 by Q1 2024. Uwerx will offer a 1% flat fee, unlike Upwork and Fiverr’s 20% flat fees. In addition, it will feature more incentivization, increased trust, and enhanced security.
Its Alpha version, which launched on May 19, already features a Landing page and a Sign-up page. It will soon transition into the Beta version, where users will interact with it upon its release.
Other features like a Login/Sign In page, User Dashboard, Settings, Posting Jobs, Finding Jobs, etc., will be released on a weekly/bi-weekly basis. Meanwhile, users can send their feedback to the Uwerx team at feedback@uwerx.network.
Uwerx has had four fantastic presale stages and has entered its fifth stage. Uwerx is now selling for $0.041, its price will certainly increase as it comes to the end of the presale. This development reflects the high demand for the WERX token.
However, the Uwerx team encourages more interested investors to join by increasing its presale token allocation from 45% to 57%. Also, the team will soon perform a test airdrop for token holders to ensure they have their correct receiving wallet addresses.
Furthermore, Uwerx has had its audit approved by InterFi Network and SolidProof even before the presale. This move will assure investors of its legitimacy and the safety of their investments. Also, the Uwerx team plans to renounce contract ownership after listing WERX on centralized exchanges.
In addition, they plan to reduce their token allocation from 8% to 7% and lock in their assets during the presale. The new lock-in period was decided by 82.8% votes from the Uwerx community.
Early investors in the Uwerx presales will enjoy the highest returns as the Uwerx has an innovative feature known as the Uwerx Vault to enable holders to store their tokens for a desired period. The Uwerx Vault offers features similar to staking, offering savings interest according to platform variables.
As Uwerx is confident in its price predictions, its team has increased the token’s launch price from $0.09 – $0.11 to $0.095 – $0.115.
While predictions point towards recovery for Filecoin (FIL)) and Polkaddot (DOT), investors show more interest in Uwerx. Early investors also enjoy a 15% purchase bonus.
So what are you waiting for? Join the presale now before the bonus decreases with the imminent price increase by following the links below.
Website: https://www.uwerx.network
Presale: invest.uwerx.network
Telegram: https://t.me/uwerx_network
Twitter: https://twitter.com/uwerx_network