Whales FOMOing into something is usually a great buy sign because most times, these people have access to inside knowledge that the regular trader does not. With how terrible the current market is, many whales have been very cautious of what they spend their liquidity on, so when we noticed that some of them from the Solana (SOL) and Tron (TRX) blockchain bought into Uwerx (WERX), it made us wonder what they know and we don’t. In this article, we’ll take a look at the possible reasons Uwerx has been put on the whale watchlist.
Solana (SOL): Has fallen over 70% from its all-time high
Solana (SOL) is a very popular coin in the crypto ecosystem because it has many things that Ethereum does not. Solana is very fast and allows transactions with negligible gas fees compared to Ethereum. These are just some of the features Solana (SOL) has that have endeared it to builders in the DeFi space. At the moment, many DeFi protocols, including NFTs, are powered by Solana, and the Solana (SOL) token is accepted by many as cash. Today it is worth $35 dollars, a far cry from its $260 high this year, which may be why the big investors have been looking to Uwerx.
Tron (TRX): Seemingly past its prime
Tron (TRX) was launched in 2017 to support creatives by giving a larger reward for their body of work regardless of what it is. This is possible because Tron allows them to request payment for their work directly from their clients or followers using the Tron (TRX) token, eliminating the need for intermediaries who take a large percentage of the profit. Tron’s (TRX) greatest potential is tied to its popularity and high market capitalization; however, given how close it has consolidated to its all-time high of $0.23, investors need to be realistic with their hopes for the Tron token.
Uwerx (WERX): An innovation many can’t say no to
Analysts these days have turned their attention towards Uwerx. A platform that will be the first blockchain based freelancer platform that comes in the year of 2023. A year which will be a definitive year for the growth of the gig economy and the freelance industry as whole. Whilst other cryptos may or may not recover, Uwerx is set for a path to become a blue-chip crypto currency.
It is encouraging to many investors as the WERX token has been predicted to rise from the presale price of $0.01 to $0.79 by the end of 2023 and increase to an astonishing $2.10 by the end of Q1 2024. Uwerx promises increased data security for employers (40% of which are global businesses) and being based on the blockchain, promises lower fees and faster payments- 15% less than the 20% of the world’s largest freelance platforms; Upwork and Fiverr.
It is important to also note that even at a presale stage, InterFi Network has audited and approved the project. Additionally, liquidity has been locked in for 25 years after presale. Experts now believe that Uwerx will see parallel exponential growth alongside the freelance industry and the presale price of $0.0315 is a great time for potential investors to grab a WERX token and see massive gains in the not so distant future, especially with the 20% bonus.