With the aftermath of a challenging 2022, investors continue to actively seek new crypto projects to enhance their portfolios and generate profits.
In this discussion, we will highlight three coins that deserve attention thanks to their recent positive price moves: Uwerx, Stacks (STX), and Monero (XMR). These coins have unique properties that set them apart. This sets them apart in terms of their growth potential and success.
By exploring these projects, investors can discover opportunities that could lead to favorable outcomes in the ever-changing world of cryptocurrency.
Stacks (STX) is leading the charge for Bitcoin DeFi
Stacks (STX), a smart contract protocol aimed at bringing DeFi to the Bitcoin network, continues to garner a lot of attention from investors. This is because investors want to capitalize on the growing popularity of Bitcoin NFTs, also known as Ordinals. With thousands of Ordinals already minted on the Bitcoin blockchain, the emergence of this innovation has led to an increase in network usage, number of transactions, and block size.
Stacks (STX)’s focus on enabling smart contracts on Bitcoin has further fueled the excitement surrounding Ordinals, leading to significant price gains for the Stacks (STX) token. Stacks (STX) performed remarkably well despite market swings, rising 16.35% in 24 hours.
In addition, the price of the Stacks (STX) token has been on a significant upward trajectory, rising 81.73% in the past seven days. This increase in demand can be attributed to the launch of the Ordinals protocol in the first quarter of 2023.
Overall, the rising interest in Ordinals and the potential for DeFi on the Bitcoin network contributed to the impressive performance of Stacks’ STX token, cementing its position as one of the best performing tokens in the market.
Privacy Token Monero (XMR) Undeterred as regulation mounts
Monero (XMR) is a crypto that prioritizes privacy. It uses advanced privacy technologies such as ring signatures, RingCT and stealth addresses to ensure secure and untraceable transactions.
Monero (XMR) focuses on fungibility, ensuring that each currency unit is interchangeable and indistinguishable from others. This emphasis on privacy has contributed to the widespread adoption of Monero (XMR) in various applications.
However, these privacy features have attracted regulators. In Q1 2023, Dubai introduced new regulations banning the issuance and activities related to anonymity-enhancing cryptos such as Monero (XMR). The jurisdiction of the United Arab Emirates (UAE) has released much-anticipated crypto regulations, outlining licensing and authorization requirements for virtual asset companies and issuers operating in Dubai.
The rules define anonymity-enhancing cryptocurrencies as virtual assets that prevent the tracing of transactions or ownership records. This move is consistent with similar actions by regulators in other jurisdictions, such as Japan and the EU, to restrict privacy-focused tokens.
Still, Monero (XMR) is soaring high! After a significant decline over the past 30-90 days, Monero (XMR) has experienced a remarkable increase in trading volume and market capitalization. This equates to a price increase of 2.93% in the last 24 hours.
In addition, Monero (XMR) has shown an upward trend for the past seven days. The crypto has gained 11.3% during this period. These recent developments highlight Monero’s strong and ongoing potential.
Uwerx (WERX) New alpha updates up to the beta test version
Did you know? By 2023, there will be approximately 1.56 billion freelancers worldwide. As the market evolves, there is a demand for a platform that goes beyond the basics. Uwerx, a new blockchain-based solution, aims to revolutionize the gig economy by providing enhanced opportunities and incentives to freelancers and clients.
Uwerx continues to make big strides towards launch with the launch of the Alpha version of its platform. This allowed users to explore some of the platform’s features. Some of the features revealed were the landing, login, and login pages. The Forgot Password, Hiring Dashboard, and Freelancer/Client Initiation pages were also included in addition to the Initial Step of Job Creation and Finding Talent, Job Creation Process, and My Activity pages.
More features have been added recently. As a result, the alpha version’s features now include settings, application boosting, freelancer profile creation, and milestones pages. The application page has also been redesigned to streamline the job posting and application processes.
The team has promised more upcoming updates that may include improvements to the Tools and Client and Freelancer dashboards. Uwerx is seeking feedback from users as it continues to develop the beta version.
In addition, the development team has gone the extra mile to ensure security by obtaining audit approvals from InterFi Network and SolidProof. They have also demonstrated commitment to the decentralization and sustainability of the platform by announcing that they are relinquishing ownership of smart contracts when listed on centralized exchanges.
To further prioritize security and stability, an important step was taken on June 7, 2023 with a 9-month lock on developer liquidity tokens. This decision received overwhelming support from 82.8% of the community. In addition, the team showed their commitment to the community by reducing their token allocation to 7%.
The platform’s community-based approach was also reflected in their Test Airdrop poll, where 98.2% of the community approved the Test Airdrop to validate users’ receiving wallet addresses. The Test Airdrop will take place before the presale ends. As a result of this community-based focus, Uwerx has already attracted 6,953 signups, 1,825 Telegram members, and 1,652 Twitter followers.
Uwerx (WERX) Presale sells out quickly
Take advantage of the Uwerx presale and buy WERX tokens at a discount. Currently in phase 5, the tokens are selling for $0.047725 and are expected to reach $3 by 2024, providing huge returns for token holders.
The presale’s successful performance was unprecedented, prompting the developers to allocate more WERX tokens to the presale. As a result, the presale allocation was increased to 57% of the total supply of 750,000,000. In addition, there is a limited time bonus of 15% for phase 4 buyers.
Don’t miss this opportunity. Get the presale today! Uwerx also offers a 15% bonus on all WERX purchases.