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Decentraland and Fantom Chase Top 50, Uwerx Can Join Them

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Decentraland (MANA) and Fantom (FTM) are two tokens that fell out of favor with investors in 2022. Both projects showed big promise at the bull market peak but have fallen out of the top 50 coins. One project that may join them on a chase for higher levels is Uwerx. The project has strong valuation potential in a fast-growing business sector.

Uwerx (WERX) Could Achieve Fast Growth

Uwerx has the world of freelance work in its sights with a blockchain platform designed for the gig economy. The project is seen as having disruptive potential in a niche sector as the current market leaders are often criticized for high fees and slow payments. A digital ledger offering could change that and one of its competitors, Upwork, has a market cap of $1.5 billion. That is enough to get into the top 30 tokens, but investors can look for a top 50 move once the project gets noticed.

Uwerx has only just started its token presale, and what’s more is that investors can get in at ground level in a project that could have blue chip crypto status for just $0.0065. Many projects are stagnating waiting for mass adoption, but the freelance work sector already has 73 million workers in the U.S. alone. The project can capture a large portion of the market share with its advantages over traditional platforms.

Decentraland (MANA) Lost in Metaverse Wilderness

Decentraland (MANA) was soaring in late November 2021 after Facebook announced a rebranding of its business to Meta Platforms. Investors were excited that it was the start of the metaverse revolution but it only marked the beginning of a bear market. Meta has since stated that it could take years for real adoption and Decentraland (MANA) will be pressured until then.

The project still has traction with a recent second edition of its Decentraland music festival, which featured live performances from the likes of Ozzy Osborne. The project also saw a land sale of $2.3 million in 2021 before the market turned. Decentraland (MANA) could be big in the future, but the short-term could be a struggle.

Fantom (FTM) Gains Were Fleeting

Fantom (FTM) was another high-flying token that dropped out of the top 50 coins list. This is another smart contracts’ platform that was billed as an Ethereum challenger, but the bear market brought it back to earth. FTM was also gaining traction in the DeFi market but saw its influence diminish over the course of the downturn. Fantom (FTM) traded as high as $3 but has slumped to $0.518.

Fantom (FTM) has over 200 decentralized apps built on the platform, but it would need to see big adoption in some of those apps. There are other releases such as the Fantom wallet and one recent proposal was passed to allocate up to 15% of the transaction fees as revenue for developers building on the network. Decentraland (MANA) can do well in a few years, but Fantom (FTM) will have tough competition. Both of these will likely lag in the near term and it’s worth positioning in less established opportunities with higher upside.

Presale: invest.uwerx.network

Telegram: https://t.me/uwerx_network

Twitter: https://twitter.com/uwerx_network

Website: https://www.uwerx.network/

Disclaimer: Any information written in this press release or sponsored post does not constitute investment advice. Thecoinrepublic.com does not, and will not endorse any information on any company or individual on this page. Readers are encouraged to make their own research and make any actions based on their own findings and not from any content written in this press release or sponsored post. Thecoinrepublic.com is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release or sponsored post.

 

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