• The crypto market suffered from the failure of the FTX exchange in 2022.
• Uwerx (WERX) is a promising project that could offer investors big gains this year.
• Solana (SOL) has struggled with its TVL numbers and is struggling to compete with other chains.
FTX Exchange Failure Creates Contagion Risk
The crypto market was reeling in 2022 from the failure of the FTX exchange. Many firms have been caught up in the contagion, but investors should be careful not to assume that the troubles have gone away.
Tron (TRX) & Solana (SOL) Headwinds
Tron (TRX) and Solana (SOL) are two projects with headwinds. Investors should step away from these risky projects and consider Uwerx which can reward them with big gains this year.
Uwerx Can Win Big
Uwerx will help investors to avoid the contagion risk in many developed projects. Those projects have also seen their big return for investors, and it would be a slow grind higher for a rebound. Uwerx could win big because it is still under the radar. It is also operating in a niche area of crypto with no competition and a fast-growing market. Uwerx is creating a platform to bring employers and freelance workers together at lower fees than competitors and offering faster transaction speeds . The digital ledger also provides a better architecture for data security and storage. The project is currently in a presale at $0.01and investors should look to get in early to what could be a blue-chip crypto one day..
Solana Struggles with TVL Numbers
Solana (SOL) got investors excited with a 100% gain at the start of 2023, but the coin had destroyed fortunes prior to that with a drop from $250 to $8. The Solana (SOL) chain had been the darling of the crypto industry in 2020-21 but has since seen its fortunes change due to security breaches, hacks, movement of NFT projects going elsewhere, as well as selling 60 million tokens owned by FTX’s trading arm . As such Total Value Locked (TVL) on SOL has dropped from $12bn in November 2021 to only $242 million today .
Investors should avoid Tron (TRX), Solana (SOL), and other risky projects affected by FTX’s failure and instead invest in promising new platforms like Uwerx which offers lower fees, faster transactions speeds ,a better architecture for data security along with potential long term rewards making it an attractive investment opportunity right now during its presale period at $0