Just 2 years ago, Shiba Inu (SHIB) delivered one of the most successful returns in history as its craze took the world by storm. But with its price significantly down, will it gear for another jump, or will it be overtaken by the upcoming Uwerx project?
Let’s break down the predictions for these two in 2023.
Shiba Inu (SHIB), the Poster Child
Like any other cryptocurrency, Shiba Inu (SHIB) had a rough year in 2022, losing almost 75% of its market value. However, as the new season begins, it has started showing signs of recovery in the crypto market with a 14% rise in the price and a market cap of $5.6 billion at the time of writing.
Moreover, the launch of Shiba card games will play a positive role in the coin’s growth this year. Apart from the optimism in Shiba Inu (SHIB) market run, the industry-wide bearish wave will continue to hit coins like Shiba Inu in the first few months of 2023, hampering its growth.
Keeping this in mind and its attraction for investors, Shiba Inu (SHIB) is still expected to grow as much as 122% and reach $0.000018.
Freelancing Excellency with Uwerx (WERX)
Uwerx offers freelancers a completely new way of working independently. Using blockchain at its core, Uwerx offers gig economy workers a much-needed decentralized touch that uses the core technology to offer some nifty advantages.
Uwerx has the advantage of offering cheaper fees (1% only), increased security of both payments and work (through smart contracts), and course, the lightning-fast payment system cryptocurrencies are famous for. As a decentralized project, the team will also cut down on the sales taxes and the community taking over the project.
From an investment perspective, Uwerx is also favourable. Good tokenomics like a liquidity lock of 25 years after presale protects from rug pulls and audit approval from InterFi Network and SolidProof at presale are all very positive signs for investors.
All of these factors, when combined with the growth of the freelancing industry (17% CAGR) have many experts looking into Uwerx. Analysts have a good outlook for Uwerx, with some even saying it can rise as much as $0.80 in Q4 2023 and $2.6 in Q1 2024 this year. This translates into a whopping 25,900% increase in initial investment if one participates in the presale, where WERX will be up for grabs for just $0.0065/token and a 25% purchase bonus.
Will the Uwerx Presale (WERX) Trample Shiba Inu (SHIB) be in 2023?
To be stable in 2023, Shiba Inu (SHIB) has a long route to follow. The coin can catch up to a decent market value with little changes in value and appeal. However, parallel to that, Uwerx is gaining massive popularity among crypto and the freelancing industry, going from strength to strength in the most volatile conditions. Uwerx has significant advantages for the industry and the value that no other presale crypto project offers its users.
There is no doubt that the growth of Uwerx will knock out Shiba Inu (SHIB). Don’t get us wrong here. Shiba Inu (SHIB) is a good coin to invest in. However, we believe that options like Uwerx present unparalleled advantages for investors – especially at its presale price of $0.0065 and 25% bonus on all purchases!
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In 2023, the race between two significant digital assets – Shiba Inu (SHIB) and Uwerx (WERX) – to dominate the cryptocurrency market could be the highlight of the industry. With both of these projects having made major strides in the last few months, it is worth looking at which one stands the better chance at topping the list of market leaders.
To begin with, SHIB is a decentralized cryptocurrency coin, which has been developed as a meme-based token with a vision to prove its dominance as the de-facto “Dogecoin Killer”. It has recently enjoyed strong gains in its trading value and has seen increased adoption by major crypto exchanges. Its main advantages include scalability, a fast settlement time and low transaction fees, which has made it a preferred payment method for many.
WERX, on the other hand, is a Decentralized Autonomous Organization (DAO) that is built on the Ethereum platform. It is focused on providing a platform for a new form of digital asset trading and opens the possibility of cross-chain trading, something which Shiba Inu has yet to do. Its main advantages include its decentralized nature and the ability to execute automated trades without counterparty risk.
When we look at which of these two projects will dominate the market in 2023, it is important to keep in mind the three major factors that come into play – market potential, innovation and user adoption.
When it comes to market potential, Shiba Inu seems to be well ahead of Uwerx as it has already achieved widespread adoption as a cryptocurrency. Moreover, its community is strong and vibrant, which further drives its growth. On the other hand, Uwerx still has much to prove in terms of market potential and will need to increase its user base to truly compete with the likes of SHIB.
In terms of innovation, Uwerx has the upper hand as it allows cross-chain trading, something that Shiba Inu cannot provide yet. This makes Uwerx well-positioned to lead the digital asset industry in 2023.
Finally, user adoption is the ultimate determining factor for the success of any digital asset and both projects have made major strides in this area. SHIB has been embraced by many major exchanges and is increasingly used as a means of payment, while Uwerx has made inroads into the market as a digital asset trading platform.
Overall, it is difficult to say with certainty which project will end up dominating the market in 2023 – the race is still far from over. What is certain, however, is that Shiba Inu and Uwerx will be two of the major contenders, and their performance in the coming months will be worth watching closely.