SEC Crypto War Slows ARB and MATIC Prices but Uwerx Surges
2023 has been a bad year for many cryptocurrencies, with the SEC targeting all the big names in the market. Polygon (MATIC) and Arbitrum (ARB) are some of the cryptocurrencies that have suffered a drop due to the SEC’s activities. On the other hand, Uwerx (WERX) has been enjoying commendations from experts, and this article answers why.
Gensler’s War Pushes Arbitrum (Arb) Value Down
Arbitrum (ARB) is an Ethereum layer-2 solution that provides traders with qualities that Ethereum is struggling with. Arbitrum (ARB) offers a scalable network, fast network speeds, and cheaper transaction costs.
Despite all these qualities, Arbitrum (ARB) has recently been following a strong bearish trend. The past week has not been kind either, and as of June 3, 2023, Arbitrum (ARB) dropped below $1.2443. Another 0.39% loss in value in 24 hours brought Arbitrum’s (ARB) price down to $1.1353 on June 9, 2023.
The SEC of the United States is to blame for this situation. The SEC chair, Gary Gensler, has been in a war with the top blockchains, and its effects have spilled onto Arbitrum (ARB). Contrastingly, Uwerx won’t be suffering any legal troubles like Arbitrum (ARB), as it has passed an audit from InterFi Network and SolidProof.
Robinhood to Delist Polygon (MATIC) Due to SEC
Polygon (MATIC) is another cryptocurrency that saw a drastic drop in value on June 5, 2023. Since trading below $0.9023, Polygon (MATIC) has not been able to recover. As such, Polygon (MATIC) tokens traded for $0.7626 on June 9, 2023.
Recently, the popular trading platform Robinhood decided to delist Polygon (MATIC). This action came after the Securities and Exchange Commission (SEC) named many major blockchains as unregistered securities. So, Robinhood alerted all users with Polygon (MATIC) in their wallets to sell them before June 27, 2023.
Whales have also flooded the Polygon (MATIC) market with large transactions. This can be seen as a preemptive effort by some Polygon (MATIC) investors to safeguard their assets. Some of these assets have also found their way into the budding Uwerx (WERX) platform, as the presale is still going strong.
Uwerx (WERX) Price Prediction: WERX to Reach $2.08 by 2024
A freelancing career is looking more attractive every day, and more than 80% of regular employees have admitted that they’re attracted. As such, the demand for freelancing platforms grows every day.
Uwerx is a freelancing site that promises to change the face of freelancing forever. Uwerx stands out because it uses blockchain technology to power its reliable security and protection of property rights. It also promises a flat-fee commission of 1%, which is much lower than what sites like Upwork and Fiverr demand.
The Uwerx (WERX) team has locked in their liquidity for the next nine months, ensuring the long-term sustainability of the platform. Crypto analysts have also looked at this coin and predicted a value of $2.08 within Q1 2024.
The success of the Alpha version of the Uwerx platform has many investors itching for the upcoming Beta version. During the Alpha launch, the Uwerx team also released a 10-page Figma file displaying the designs of the main site.
Hence, a prime investment opportunity is available. Uwerx is still in its presale phase 5, and its WERX tokens are going for $0.047725. Purchasing these tokens now also makes you eligible for a 15% order bonus. The price is set to rise to $0.05245 on Monday, July 10th at 18:00 UTC.
Presale: invest.uwerx.network
Telegram: https://t.me/uwerx_network
Twitter: https://twitter.com/uwerx_network
Website: https://www.uwerx.network
Chainbits is not the source of this content. This article is provided for educational purposes only. Users should exercise caution with investing/dealing with cryptocurrencies and do thorough research prior.