Price Predictions: Binance Coin (BNB), Cardano (ADA) & Uwerx (WERX)
The cryptocurrency bear market in 2022 has hit investors hard but as the year comes to an end there are hopes of a rebound for the market in 2023. Binance Coin (BNB) is being watched closely by traders as fears surround the fate of the exchange. Cardano (ADA) is a coin favored by investors for a big future and Uwerx is a new project that analysts think can rise 6,000%.
Binance Coin (BNB) Could Have Further Lows Ahead
Binance Coin (BNB) went into 2023 on a bearish tone with a 50% drop in the coin to prices under $250. Since then it has managed to make a recovery to $311. Binance Coin (BNB) has been on the defensive into the year-end after criticism over its finances. It has now been culminated by rumours of an Interpol Red Notice for the Binance CEO and cyber attacks on the crypto itself throughout 2022.
An audit firm that was doing reserves work for Binance halted its work, and that of two other exchanges, which sent ripples through the market. Since then, the executives of Binance have had to reassure investors that the company is in good health. There were also rumors that a long-running money laundering case from the DOJ was close to bringing charges against the management team.
Cardano (ADA) Crypto can Bring a New Wave of Developers
Cardano (ADA) was a coin that suffered some bad luck in 2021. Cardano (ADA) had gone back to square one and redesigned its blockchain which cost the project some gains in 2020. However, in 2021 the coin rallied from around $0.30 to almost $3.00 at the bull market peak. Cardano (ADA) had targeted the decentralized finance sector and was starting to see good traction before the bear market kicked in.
Unfortunately for Cardano (ADA), it was the DeFi sector that was one of the hardest hit and ADA fell to $0.38. However, investor sentiment is still strong over the Cardano (ADA) project and many believe it can see a swift return in 2023 with a price target of $3.00 by the close of the year.
Uwerx (WERX) Can Be Winner in 2023
Uwerx is a brand-new project that is on presale and looks to disrupt the world of freelance work. That is a booming work sector and Uwerx can capitalize on a crypto rebound and gig economy growth. Data from Statista predicts that there will be 90 million freelancers in the US alone by 2028, which is up from 73 million expected in 2023. We definitely believe that this presents itself as one of the most promising investment opportunities.
Uwerx (WERX) Presale: Big gains in the Making
Uwerx can avoid the problems of Binance Coin (BNB) as the project had an audit completed by InterFi Network and Solidproof before the launch which is sure to be an encouraging sign for potential investors. The project will also lock up its liquidity pools after the presale for 25 years and additionally, contracts will be renounced by the team when the project is ready to be listed on CEXs, to avoid any fears of a “rug pull”.
Uwerx trades at $0.005 in the presale and some analysts see a potential gain of 6,000%. That would imply a price per token of around $0.60. Uwerx can certainly gain in 2023 when it gets more mainstream attention, and we are going for a $1.00 price which is an early 100x opportunity. Investors can get in early now to enjoy a 25% bonus on all WERX token acquisitions.
Website: www.uwerx.network
Presale: invest.uwerx.network
Telegram: https://t.me/uwerx_network
Twitter: https://twitter.com/uwerx_network
Disclaimer
In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.
About The Author
Damir is the team leader, product manager, and editor at Metaverse Post, covering topics such as AI/ML, AGI, LLMs, Metaverse, and Web3-related fields. His articles attract a massive audience of over a million users every month. He appears to be an expert with 10 years of experience in SEO and digital marketing. Damir has been mentioned in Mashable, Wired, Cointelegraph, The New Yorker, Inside.com, Entrepreneur, BeInCrypto, and other publications. He travels between the UAE, Turkey, Russia, and the CIS as a digital nomad. Damir earned a bachelor's degree in physics, which he believes has given him the critical thinking skills needed to be successful in the ever-changing landscape of the internet.
More articles
Damir is the team leader, product manager, and editor at Metaverse Post, covering topics such as AI/ML, AGI, LLMs, Metaverse, and Web3-related fields. His articles attract a massive audience of over a million users every month. He appears to be an expert with 10 years of experience in SEO and digital marketing. Damir has been mentioned in Mashable, Wired, Cointelegraph, The New Yorker, Inside.com, Entrepreneur, BeInCrypto, and other publications. He travels between the UAE, Turkey, Russia, and the CIS as a digital nomad. Damir earned a bachelor's degree in physics, which he believes has given him the critical thinking skills needed to be successful in the ever-changing landscape of the internet.
