Many established coins have earned big market capitalization in the cryptocurrency market, but their development and adoption have yet to grow. Litecoin (LTC) and Bitcoin Cash (BCH) are two of those, and both came from hard forks of Bitcoin. Investors should look for the next coin to achieve mainstream attention, and Uwerx can be one of those.
Litecoin (LTC) is still prone to market swings
Litecoin is a coin that follows the swings of the crypto market and Bitcoin. The token has gained a strong following and has seen some good levels of adoption and acceptance with merchants, but the valuation lacks real traction.
Litecoin was a previous mainstay in the top five or ten coins, Litecoin (LTC) has slipped to number 14 in the list of coins by market cap. This is partly due to the rise of competition, with many new coins arriving over the last years and new sectors such as DeFi and NFTs. Although Litecoin could see some positive price action in a rebound, seeking opportunities with higher growth potential would be advantageous.
Bitcoin Cash (BCH) has fared worse than LTC
Advertisement
Bitcoin Cash was another early coin that populated the top ten coins, but it has since slipped to number 26 in the list of projects. Bitcoin Cash (BCH) has slumped alongside the price of Bitcoin, and BCH has less of a following, particularly amongst institutional investors. When a market rebound comes, Bitcoin Cash can also rise, but that is always as a Bitcoin derivative.
A spat previously weighed down Bitcoin Cash (BCH) with another BTC fork, BSV. The acrimony has cooled between the projects, but BCH must create something new to draw investors. Like many old-school projects, Bitcoin Cash relies solely on being a payments coin, but regulators are circling, and central banks want to release their own coins, which is a headwind for the year ahead.
Uwerx (WERX) has better upside potential
Uwerx can be a solution for investors stuck in underperforming coins like Litecoin (LTC) and Bitcoin Cash (BCH). The reality is that those early coins have seen their big upside as they gained mainstream attention. Investors can find that in Uwerx (WERX), which wants to unseat the dominant players in the freelance worker sector. The pandemic has ramped up the remote or hybrid work trend, and gig economy companies are cashing in. Upwork recently announced that it would add a flat 10% fee, yet Uwerx still manages to undercut this with its 1% commission charge.
Uwerx will bring the first blockchain-based offering to this work area, which can see a big move of employers and workers to the platform. Uwerx (WERX) wants to utilize the digital ledger to improve the employee/worker relationship, and one area is secure data to avoid fake resumes or scam postings.
Advertisement
Uwerx (WERX) is currently in a presale at $0.005, but it is still unknown, and investors should get on board before mainstream attention and full development happens. Crypto experts have predicted astronomical gains of up to 25,000%. This is further bolstered by the fact that WERX has passed its audit at the presale with InterFi Network and SolidProof and that contract ownership will be renounced.
