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The cryptocurrency bear market has rattled the tree of the top cryptocurrency tokens, and it may not be the same stocks that recover the quickest. Bitcoin Cash (BCH) and Stellar (XLM) are two coins that have slipped outside the top twenty with the arrival of new competition. In this article, we look at the prospects for the two to get back into that illustrious group, and we also look at Uwerx which has the potential to surprise many investors.
Bitcoin Cash (BCH) Prepares for a Hard Fork
Bitcoin Cash (BCH) still lives in the shadows of Bitcoin, with dreams of being a payments coin. Bitcoin Cash (BCH) has been supported lately by a coming hard fork. The hard fork upgrade is expected to add further security and privacy to the network. It will also include “CashTokens” which allows decentralized applications to be built directly on the Bitcoin Cash (BCH) blockchain. The hard fork will also see smaller transaction sizes and smart contract functionality.
Bitcoin Cash (BCH) could benefit from this upgrade, as the project can now attract real development and catch up to the price of Bitcoin. There were rumors in early 2023 that Bitcoin Cash (BCH) would soon become legal tender in St. Kitts and Nevis. The Caribbean nation could add some attention to Bitcoin Cash (BCH) and add to a recent price rally.
Stellar (XLM) Hopes for MoneyGram Gains
Stellar Lumens (XLM) was boosted in late 2022 after it announced a new partnership. The project saw investor interest from the announcement of a new tie-up with payments giant MoneyGram. According to a report from Bloomberg, MoneyGram, and payments blockchain Stellar (XLM) would create a project for customers to send and receive stablecoins via the Stellar (XLM) blockchain.
Denelle Dixon, CEO of Stellar (XLM) Developments, said: “There are billions of cash-dependent people who could benefit from the utility that digital assets and blockchain provide… what we’re building through this partnership is a service for helping them go from cash to digital assets.” Investors have an opportunity to ride that adoption in Stellar (XLM) with new crypto users likely arising from this deal.
Uwerx (WERX) Can Tap into Strong Market Growth
Uwerx is a new project currently in development which is seeking to bring real-world utility to the crypto market. Many tokens have been overvalued with hype, but Uwerx is bringing a niche project to a market with strong underlying growth in the gig economy. Freelance workers are becoming more important to the global economy, and Uwerx will be the only project with a blockchain platform. Uwerx will offer fees of just 5% compared to 20% used on major traditional freelancing platforms, and that could see the project pick up significant early market share in a trillion-dollar industry.
Uwerx is currently in a presale and is under the radar of many investors, but that can change in 2023 with marketing and exchange listings. Uwerx was handed the all-clear in audits conducted by InterFi Network and Solidproof investors can be sure that it is a safe project, with a 25-year lock-up period on development funds after the presale concludes adding further confidence.
Uwerx has impressed analysts, and some are expecting the coin to rocket from the presale and hit $1.90 by Q4 this year. This is definitely one of the most exciting opportunities we have seen in a long time.
Website: www.uwerx.network
Presale: invest.uwerx.network
Telegram: t.me/uwerx_network
Twitter: https://twitter.com/uwerx_network
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