There is no exhausting the number of opportunities that will come up in the crypto ecosystem. Unfortunately, these projects may sometimes end in a rug pull or become a scam.
To avoid this, it is best to do a lot of research before opting into what looks like a great play. During the research, one of the great indicators that a project may do well is the attention whales are paying it.
In this article, we look at Uwerx (WERX), Binance Coin (BNB), and Dogecoin (DOGE); three different coins that have an insane amount of whales aping in and holding with hopes of getting profit.
Binance Coin (BNB): Usecase tied to Binance
Binance Coin (BNB) is the native currency of one of the largest CEXs in the whole world, Binance. The Binance coin (BNB) went through a massive pump at the start of 2021 and successfully caught the attention of big players in the e=crypto world.
Binance Coin (BNB) peaked at $690 in May 2021, and despite the bear market, it has only fallen about 58% from that all-time high. This leaves Binance Coin (BNB) a shorter distance to travel to surpass that price, and thanks to its ties to Binance, the Binance Coin (BNB) will continue to remain relevant, and the better Binance becomes, the more in-demand it becomes.
Dogecoin (DOGE): Its success is closely intertwined with Elon Musk’s passion for it
Dogecoin (DOGE) started out as a meme coin based on the popular “doge” Internet meme, and it has the Shiba Inu dog as its logo.
Dogecoin (DOGE) quickly gained popularity after its creation, after which the creators started looking to attach a good use case to Dogecoin (DOGE) to maintain its relevance. Dogecoin (DOGE) can be issued as a tip on the Reddit platform, and there are hopes that the same thing will happen with Twitter.
Today, Dogecoin (DOGE) is worth $0.073, with a 24-hour trading volume of over $200 million, which are relatively healthy stats considering the terrible market cycle.
Uwerx (WERX): Presale Aims for the Stars
The King of the gig economy platforms; Uwerx, is finally ready to sit on its throne. The project is finally at presale stage and investors could not be more happier. Uwerx looks set to turn the competition within the gig economy market place on its head. It’s been a long time coming. Finally – a blockchain based decentralised platform that will give the security and transparency that an industry that will be bigger than the US economy deserves.
Experts predict that WERX token is on the way to become a blue chip cryptocurrency not only because of the advantages that being blockchain based comes with but also because of lower fees for users and freelancers as well as a place where legitimate reputations and professional relationships can be established and fostered through an incentivised performance based system.
Uwerx is starting off at the humble price of $0.0315 but looks set to blast off to $0.80 by September 2023 and $1.70 by Q1 of 2024. The creators have made a serious commitment to their aspirations by declaring a liquidity lock of 25 years after the presale ends. Analysts reckon that now is the best time to buy in and see huge gains on a project that looks set to be the collaborative workplace of the future.
*This article was paid for Cryptonomist did not write the article or test the platform.