As the year of 2022 has been a roller coaster ride, especially as Web3 products and platforms gained immense popularity. Mostly based on Ethereum’s ERC-20 standard, there has been a flood of tokens in the last year. Opportunities presented by the likes of Sandbox (SAND) have been cashed in and many even lost out on it. Fortunately for you, we have studied the market and have come up with three distinct established and newcomers which have a good likelihood to shell out profits.
Solving one of the greatest disconnections between the decentralized and centralized world, Chainlink (LINK) allows blockchain networks to interact with external data points such as price oracles, payment networks, and others.
Chainlink (LINK)’s token drive is pretty apparent, with the native LINK working as a value of transfer to pay for data retrieval. The network has collaborated with mainstream platforms like FedEx, Associated Press, and others. With a market cap of $2.8 billion, Chainlink (LINK) is the largest project of its kind.
But what might drive up Chainlink (LINK) in 2023 is its recent addition of a staking feature. A beta test as of now for ETH/USD pair data, the successful main deployment can boost Chainlink (LINK)’s price from this year’s opening of $5.6 to as much as $8 in the summers (+43%).
Taking the gig economy to a whole new level, Uwerx is an upcoming decentralized freelancing network that has some solid fundamentals to be one of the top 2023 tokens. Recent years have been a boon for freelancing. However, with the gig platforms taking huge chunks of commissions (as big as 20%), independent workers are left with peanuts.
Uwerx will change all that as it offers lower fees ( with the planned taxes cut down to zero in its final iteration, shifting ownership to users), transparency, and faster payments. No wonder some experts are predicting the token to go up as far as $3, a massive rise from its upcoming $0.005 initial price. With 750 million WERX total supply, that has the potential to give WERX a market cap of $2.2billion+.
Predictions by cryptocurrency experts show increases of 8,500%. InterFi Network and Solid Proof has echoed this confidence by passing the audit for WERX prior to its launch. Additionally, contract ownership will be renounced when the platform is ready for centralized exchanges and liquidity will be locked in for 25 years upon closure of the presale on the 31st of July 2023.
The Sandbox (SAND)
The most famous of all metaverse ERC-20 tokens, The Sandbox (SAND) may not have performed as preferred by backers and speculators. A lot of the underwhelming price movement is not The Sandbox (SAND)’s fault, but the overall cooling interest in metaverse and cryptos in general. Once The Sandbox (SAND) had a trading volume of over a billion per day, but with the market meltdown, it is now a fraction of its earlier self ($65 million at the time of writing).
However, with some analytics such as one by Citi projecting the metaverse market to rise in 2023 and eventually hitting $13 trillion by 2030, The Sandbox (SAND) stands to gain its former glory, perhaps beating its previous performance to rise as much as nearly 500% if the market recovers (from $0.36 to $2).
While projects like The Sandbox (SAND) and Chainlink (LINK) are established and carry weight, don’t forget new tokens like Uwerx that have the potential to outstrip even these heavyweights. Investors can get in on the presale for an additional 25% (WERX tokens are currently priced at $0.005) by following the links below.
*This article was paid for Cryptonomist did not write the article or test the platform.