The cryptocurrency market is coming off of a punishing bear market and investors have given the market a boost in early 2023. Two coins joining a small rebound are Monero (XMR) and ZCash (ZEC). However, the two tokens are focused on privacy payments, and tightened regulation could harm their outlook. Investors would be better off joining the Uwerx token presale as analysts have predicted an upside of 6,000%.
Monero (XMR) is a Haven for Secretive Investors
Monero (XMR) has been around for around five years and is one of only a few privacy tokens. Monero (XMR) adds a private transaction element to blockchain transactions for those who want to hide the path of their money. The problem with this is that tightened regulation is being talked about and that has been heightened by the FTX collapse.
Regulators and central banks often take aim at the cryptocurrency sector for its links to underground money, and it is unlikely that privacy can stay. Despite that headwind, Monero (XMR) still trades at number 23 in the list of coins by market value. The project has a valuation of $2.8 billion and is close to the likes of Stellar (XLM) and Avalanche (AVAX). That could mean real downside for the token if regulators take away the unique selling point of Monero (XMR).
ZCash (ZEC) also has the Privacy Edge
ZCash (ZEC) also targets the privacy component of the crypto market but trades a lot lower than Monero. ZCash (ZEC) is ranked around the 43 position in market valuations. The Russian security firm Kaspersky’s Crimeware and Financial Cyberthreats in a 2023 report warned that NFTs, gaming, and metaverse can bring further hack risk. These projects are expected to be less secure than other blockchain projects.
However, the security firm specifically said that privacy coins will be a target for regulatory crackdowns. The firm said that privacy coins like Dash, ZCash, and especially Monero would see their business model threatened. Japan and South Korea have both banned privacy coins. Investments in these tokens are a real risk as they could become almost worthless.
Uwerx (WERX) Can Avoid Regulatory Problems
Uwerx is a new project that is currently in presale, which seeks to disrupt the market for freelance work. Statista’s data has said there will be 73 million freelance workers in 2023, but that will grow to 91 million by 2028. The pandemic has boosted this area of the economy and Upwork made $500 million in revenues in 2022. Uwerx can bring blockchain benefits to this sector and grab enough market share to be a blue-chip crypto one day.
Uwerx is planning to cut the fee structure for freelance workers from around the traditional 20% and the recent reduction to 10% by Upwork to only 1%. The blockchain can also improve payment speed with the WERX token or a stablecoin. Employers can also benefit from a transparent data environment and intellectual property control. Investors should look to get involved in the token presale (potentially a blue-chip cryptocurrency) as Uwerx as we see it becoming a dominating force in the freelancing industry with its fundamental advantages over traditional platforms.
Liquidity will be locked in for 25 years after presale and audit approval has already been granted by InterFi Network and SolidProof. Investors should definitely have a look and do their research before considering joining the Uwerx ICO.
Presale: invest.uwerx.network
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Website: https://www.uwerx.network/