Zcash (ZEC) Faces Stiff Competition from Uwerx (WERX) Presale and Tron (TRX) in 2023
Zcash (ZEC) faces tough competition from Uwerx (WERX) presale and Tron (TRX) in 2023 after Binance’s decision to delist Zcash in four European countries. Meanwhile, Uwerx aims to transform the freelancing industry with its innovative approach and minimal fees, while Tron revolutionizes entertainment with its blockchain platform.
This article explores the current potential and stance of these outstanding crypto projects.
Binance to Delist Zcash in 4 European Countries
Recent events have made a downward price trend in Zcash (ZEC) worse. Binance, a major cryptocurrency exchange, has decided to delist privacy tokens, including Zcash (ZEC), in four European countries. Starting June 26, customers in France, Italy, Poland, and Spain will no longer be able to trade Zcash (ZEC) on Binance.
The delisting by Binance immediately impacted the price of Zcash (ZEC). Currently, the live price of Zcash stands at $32.21, reflecting a decline of 5.52% in the past 24 hours. This news follows a pattern of governments worldwide opposing the adoption of privacy-focused cryptocurrencies and tools, citing AML concerns.
The global implementation of AML regulations, such as the Travel Rule by the Financial Action Task Force, has intensified regulatory pressures. The Travel Rule requires sharing customer data about crypto transactions with regulators. These factors have contributed to the challenging environment for Zcash (ZEC), resulting in its current downward trend.
Tron price analysis: revolutionizing the Entertainment Industry with Blockchain Technology
Tron (TRX), the blockchain platform revolutionizing entertainment, has faced a recent downward price trend. Due to its dominance in Tether (USDT) issuance and market-making on controlled exchanges, it has acquired appeal. Tron’s low fees make it attractive for market makers, increasing revenue and making it the second-highest revenue-generating blockchain after Ethereum.
Analysts believe TRX/USD could target $0.112 on a bullish run, with potential resistance at $0.093. Tron’s network of decentralized applications (dApps) serves gaming, streaming, and social media, making it more than just a blockchain-based operating system. Despite the recent price downturn, Tron’s potential to transform the entertainment industry remains strong.
Uwerx (WERX) Looks to Increase Price in Presale Stage 5
Since the gig economy will be worth $455 billion by 2023, the freelancing industry needs to get creative. Uwerx intends to recruit more freelancers and compete with Upwork and Fiverr with its novel method and minimal 1% commission. The platform solves critical problems in the freelance industry by emphasizing efficient management of resources and a versatile workforce.
The platform’s Alpha version and Uwerx Vault set it apart, offering unique features and functionality. Evaluations from SolidProof and InterFi Network further reinforce Uwerx’s credibility. Currently, in presale Phase 5, WERX is priced at $0.047725 and the bonus is 15%, this week, the presale is scheduled to launch a prototype with clickable pages for freelancer registration and client registration. Furthermore, next week will witness the introduction of the Uwerx Vault feature, along with a poll to determine the test airdrop date.
Price predictions indicate a rise to $2.01 by Q2 2024, making early investment in Uwerx potentially lucrative.
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.