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Ethereum (ETH) has been a talking point for investors once more as the token approaches its Shanghai upgrade. That will see staked ETH tokens released from the Merge upgrade. Although analysts are considering the potential for this event, history says that nothing much will happen on value. Investors would be better positioned in Polygon (MATIC) and Uwerx (WERX).
Summary
Ethereum (ETH) Heads for Next Development Stage
Ethereum (ETH) was the key talking point in crypto into its September 2022 Merge upgrade, however, the event failed to spark any meaningful change in value. The next upgrade is called Shanghai and investors are anticipating the potential but the end result will likely be the same. In this upgrade, Ethereum (ETH) will release locked tokens that were staked for the Merge which could add some selling pressure. Ethereum (ETH) has suffered over the years with gas fees and blockchain congestion. Until those problems are fixed then Ethereum (ETH) will not see its fortunes change drastically.
Ethereum (ETH) developers haven’t confirmed the official date, but those working on the blockchain had targeted March for the latest upgrade. It is possible that the Ethereum (ETH) Shanghai development gets delayed to April. Ethereum (ETH) traded above the $1,600 level in early January 2023 but was still hovering at that level two months later. Investors know what Ethereum (ETH) offers and without a fix for the scalability issues then it will continue to remain subdued.
Uwerx (WERX) Can Offer Early Mover Investor Gains
Uwerx has the potential to provide strong upside gains for early investors this year. The Uwerx project is bringing the world of freelance work to the blockchain and will aim to disrupt the market for companies like Upwork. The Uwerx project has the potential to grab market share as the only blockchain offering in the space and will slash fees from 20% to 5%. Another benefit for workers and employers using Uwerx will be greater transparency of records due to decentralized technology
Uwerx is currently in a presale but has received two separate audits from Solidproof and InterFi Network. The liquidity raised in the presale for development will also be locked up for a period of twenty-five years. Investors in crypto know that the biggest gains in a project come during the early stages when marketing and exchange listings bring new projects to the masses. Uwerx has a niche idea and analysts have big expectations for this token in 2023.
Polygon (MATIC) Makes Steady Gains in 2023
Polygon (MATIC) was able to break into the top ten tokens in 2023 as investors start to see the potential in this project. Polygon (MATIC) allows developers to build and scale their projects on Ethereum and continues to build its own partnerships. Polygon (MATIC) helped Reddit onboard 6m+ users to its avatars project. The project has also signed deals with Starbucks and Meta Platforms to provide NFT support.
Polygon (MATIC) is the host blockchain for the Uwerx (WERX) project and investors will be pleased to see its smooth progress. Polygon (MATIC) trades at number 9 in the list of projects and was able to secure a price move from lows of $0.70 to $1.50 in 2023. Polygon (MATIC) should continue to see its reputation grow with its high-profile corporate deals and that is why it can outperform Ethereum (ETH). Uwerx can soar higher than both projects and investors should check out the links below to jump onboard at the current presale price of $0.00995 and a purchase bonus of 20%.
Presale: invest.uwerx.network
Telegram: https://t.me/uwerx_network
Twitter: https://twitter.com/uwerx_network
Website: https://www.uwerx.network
*This article was paid for Cryptonomist did not write the article or test the platform.
