Polygon’s MATIC and Filecoin’s (FIL) are two coins that have made investors smile in the past. They have seen considerable progress since their inception, but recent market crashes have reduced their enthusiasm to invest in them.
Polygon (MATIC) and Filecoin (FIL) may have contributed to the expansion of the crypto ecosystem, but investors who have been burnt by the bear market are looking for a relatively fresh project that can provide a 1000x gain in one trade.
Polygon (Matic): Barely Getting by on Hopium
Polygon (MATIC) was founded in 2017 and was highly favored because it offered low transaction fees, and security.
The year of 2022 started great for crypto and for Polygon (MATIC), but it quickly became bloody as the months went by. Polygon’s (MATIC)) has been struggling to stay afloat, but it deep-dived as far as $0.36 this month. Right now Polygon (MATIC) is fighting hard to break that $1 barrier, but if the market starts spiraling down again, hopes may be crushed.
Filecoin (FIL): Can it Really Solve the Problems?
Filecoin (FIL) was created to solve some big issues concerning file sharing and cloud storage sectors, two industries that are known to be completely centralized.
A firm like Amazon Web services usually has a monopoly of market shares, meaning they get to make decrees and assign higher fees to users who don’t have better alternatives. Filecoin (FIL) aims to solve that, but with recent market crashes, it is getting harder for investors to bet against in-real-life companies like Amazon.
Filecoin’s native token, FIL, is currently worth $5.99. In the past month, Filecoin (FIL) has touched $5.04 and reached a high of $6.35 before retracing to its current range.
Uwerx (WERX) The Market Disruptor of 2023?
Uwerx will be the first-ever blockchain based freelance platform. Its launch in 2023 will coincide with the biggest surge in growth that the gig economy and freelance industry has ever seen. The creation of a blockchain based freelance platform aims to disrupt an economy that has been shown to have the highest level of growth globally. Being based on the blockchain, Uwerx will immediately provide all its users with the highest possible levels of security, reliability and transparency that exists.
In combination with the advantages of being based on the blockchain Uwerx rewards users who contribute to the community by participating in platform activities and referring new users. The WERX token will also be used in numerous ways- it can be used to unlock premium features, staking and voting to promote participation and the building up of a community. Naturally, the token will also serve as a medium of exchange and thus create a network effect to increase the value of the token itself. Safeguards of token burn will also be implemented where a burn out of existing tokens will occur – this limits surplus and keeps scarcity in check.
Currently, the WERX token is on presale for the humble price of $0.0315 but investors are clamoring to scoop as much as they can. Reassuringly, liquidity has been locked in for 25 years after presale ends – analysts are now predicting that the Uwerx project could see exponential gains of between $1-$2 at the end of Q4 and mid Q1. The presale is ongoing so get in on it whilst you can!