SEC Crypto War Slows ARB and MATIC Prices but Uwerx Surges
2023 has been a challenging year for many cryptocurrencies, as they face the wrath of the Securities and Exchange Commission (SEC) targeting the big names in the market. Two prominent cryptocurrencies, Polygon (MATIC) and Arbitrum (ARB), have experienced significant drops in value due to the SEC’s relentless activities.
Arbitrum (ARB), an Ethereum layer-2 solution that offers a scalable network, fast network speeds, and cheaper transaction costs, has been particularly affected by the SEC’s actions. The past week has witnessed a strong bearish trend for Arbitrum (ARB), as its value plummeted below $1.2443 on June 3, 2023. In just 24 hours, another 0.39% loss brought its price down to $1.1353 on June 9, 2023. The blame lies squarely on the shoulders of the SEC chair, Gary Gensler, who has been engaged in a war with the top blockchains, and the repercussions are being felt by Arbitrum (ARB) investors.
Contrastingly, Uwerx (WERX) has been enjoying a surge in popularity and commendations from experts. Uwerx (WERX) has successfully passed an audit from InterFi Network and SolidProof, ensuring it won’t face any legal troubles like Arbitrum (ARB). Investors have recognized the potential of Uwerx (WERX) and are flocking to the platform, leading to its substantial gains.
Meanwhile, Polygon (MATIC) has also experienced a dramatic drop in value, trading below $0.9023 on June 5, 2023, and struggling to recover ever since. As a result, popular trading platform Robinhood has made the decision to delist Polygon (MATIC), following the SEC’s classification of many major blockchains as unregistered securities. Robinhood is advising all users with Polygon (MATIC) in their wallets to sell them before June 27, 2023.
Interestingly, some Polygon (MATIC) investors are taking preemptive measures to safeguard their assets by flooding the market with large transactions. Some of these assets have found their way into the burgeoning Uwerx (WERX) platform, as its presale continues to thrive.
Uwerx (WERX) is poised for success in the freelancing industry, which is rapidly growing and attracting more individuals seeking freelance opportunities. With its unique approach, powered by blockchain technology, Uwerx promises reliable security and protection of property rights, along with a flat-fee commission of 1%. This is significantly lower than what other freelancing platforms like Upwork and Fiverr charge.
The Uwerx (WERX) team has displayed their dedication to the long-term sustainability of the platform by locking in their liquidity for the next nine months. This commitment, combined with the success of the Alpha version of the Uwerx platform, has piqued the interest of investors, who eagerly await the upcoming Beta version. Crypto analysts have even predicted that the value of Uwerx (WERX) could reach $2.08 within the first quarter of 2024.
For those interested in investing in Uwerx (WERX), now is an opportune time, as the project is still in its presale phase 5. WERX tokens are currently available for purchase at $0.047725, with the added benefit of a 15% order bonus. However, it is essential to note that the price is expected to rise to $0.05245 on Monday, July 10th at 18:00 UTC, making early investment all the more enticing.
while the SEC’s crypto war has resulted in price declines for cryptocurrencies like Arbitrum (ARB) and Polygon (MATIC), Uwerx (WERX) has managed to emerge as a promising platform, gaining traction from both experts and investors. With its innovative approach, Uwerx aims to revolutionize the freelancing industry, and early investors have the potential to reap substantial rewards.