In the turbulent year of 2022, all major cryptocurrencies like Bitcoin (BTC) have lost plenty of their 2021 gains. The fall of the fourth-largest cryptocurrency exchange FTX hastened the already rapid decline.
Metaverse tokens like Decentraland (MANA) and The Sandbox (SAND), for instance, have been completely obliterated in 2022 – and buying the dips on this segment might not be a good idea in 2023.
Decentraland (MANA) recovering faster than competitors
Decentraland (MANA) is among the leading blockchain-based virtual gaming and metaverse platforms where users can create, join, and monetize content in the form of NFTs and apps. Trouble is, Decentraland (MANA) has seen better days, and is down 86.1% on the year as of this writing.
Decentraland (MANA) trades at $0.61, giving it a market capitalization of more than $1,100, million.
The Sandbox (SAND) is ready for the upgrades
The Sandbox (SAND) enjoyed massive success in the metaverse sector when it first came out. However, despite this, The Sandbox (SAND) has been struggling from low player turnouts. Like Decentraland (MANA), The Sandbox (SAND) enables players to monetize and create content on the metaverse platform and design their own virtual words on it.
However, low active user turnout has affected both The Sandbox (SAND) and Decentraland (MANA) token demand in spot markets, leading to precipitous price drops.
Uwerx (WERX) introduces new opportunities for gig economy
The global workplace is welcoming millions of new remote workers and freelancers, leading to an uptick in usage rates of Web2 freelancing platforms like Upwork and Fiverr. Despite their success, many freelancers have complained about high platform fees, centralization, and strict policies on these platforms.
Uwerx (WERX) is bringing Web3 to the trillion-dollar gig economy. Uwerx (WERX) is creating the first Web3-enabled freelance marketplace that solves the problems of conventional Web2 marketplaces. This includes faster payments, lower transaction and platform fees, as well as greater security, control, and transparency. Uwerx is also orienting its platform towards greater intellectual property rights ownership.
Uwerx (WERX) is currently in its presale phase, with tokens available at $0.0065.
Join the Uwerx presale below by using the links below to earn a 25% bonus on your investment.