The Sandbox (SAND) Price Analysis: Is Uwerx (WERX) Set to Retain Its Spot as Investor Favorite?

While cryptocurrencies like The Graph (GRT) and The Sandbox (SAND) face declining trends, the Uwerx presale is thriving, already moving into its fifth stage with notable engagement: over 5,546 signups, 1,627 followers on Twitter, and 1,620 members on Telegram.

Will Uwerx be able to keep its allure once it's launched? Or could The Graph (GRT) or The Sandbox (SAND) possibly surpass it? Keep reading to discover more.

The Graph (GRT) Sees a Decrease of 1.93% Despite Efforts to Scale

The Graph (GRT) operates as a Web3 protocol on the Ethereum network, facilitating the collection, processing, and storage of various types of data for decentralized applications (dApps). By serving as an indexing protocol, it enables efficient queries across networks, aiming to boost the accessibility of blockchain data.

The substantial utility of The Graph (GRT) has significantly contributed to its impressive growth trajectory. The native GRT token has seen a price increase largely fueled by the rising volume of data aggregated and distributed by The Graph. On May 22, The Graph celebrated the remarkable achievement of 1,000 subgraphs on its mainnet, reflecting a 12.83% gain over the past week.

Moreover, The Graph (GRT) is actively transitioning from a managed service to a fully decentralized network, a shift often referred to as the 'mainnet' shift.

Recently, The Graph demonstrated successful scaling advancements through Layer-2 with the completion of Phase 2, allowing for 5% of indexing rewards to be obtained via Arbitrum (ARB). However, in the last month, The Graph (GRT) has faced considerable price volatility, dropping to $0.13, which represents a 1.93% decline within the past 24 hours. Such fluctuations have raised concerns among investors regarding its future performance.

Can The Sandbox (SAND) Reclaim Its Previous Prestige In 2023?

The Sandbox (SAND), which operates on the Ethereum (ETH) blockchain, utilizes its inherent cryptocurrency, SAND, to function effectively.

Inspired by beloved game development platforms such as Minecraft and Roblox, The Sandbox (SAND) empowers users to create their own virtual environments and games, allowing them to garner authentic ownership of their creations through non-fungible tokens (NFTs). Players earn SAND tokens as rewards for their participation in the ecosystem.

However, as the excitement surrounding the Metaverse has waned, so too has interest in The Sandbox (SAND). A recent study by CoinGecko highlighted that several prevalent metaverse platforms, including Otherdeeds and The Sandbox, have seen a significant drop in value from January 1, 2022, to May 24, 2023.

Currently, the SAND token is making an effort to rise once more, priced at $0.56 after a recent increase of 4.34% in the last 24 hours, and a 9.43% rise over the week. Nevertheless, Arkham, a tracker of on-chain data, reported a recent significant transaction that may indicate a potential price downturn for SAND.

Promising Growth Forecast for Uwerx (WERX)

Uwerx stands out from The Graph (GRT) and The Sandbox (SAND) due to its targeted approach within the gig economy, a dynamic and increasingly relevant sector.

In light of the recent economic downturn and widespread job cuts in the tech industry, a staggering 80% of workers expressed interest in pursuing freelance careers, according to a report from Forbes. Uwerx, a blockchain-enabled freelancing platform, is strategically positioned to leverage this evolving mindset toward freelancing.

With continuous updates, Uwerx has reached multiple key milestones, including passing code audits from SolidProof and InterFi Network, along with the launch of its Alpha version. This version boasts essential features such as a Landing page, Signup page, Login/Sign In page, Forgot Password, and pages for Freelancer/Client engagement.

Further capabilities include initial steps for job creation and talent identification, an Activity Page, Hiring Dashboard, and Job Creation Process pages. The current version is set to transition to a Beta version soon, allowing users to interact with the platform, and users can provide feedback to developers through a dedicated email.

Additionally, Uwerx plans to implement a 25-year liquidity lock for developers starting next week, a decision supported by 82.8% of its community. Moreover, 98.2% of community members voted for a test airdrop to ensure that all token holders' wallet addresses are accurate.

To meet the growing demand for its presale, the Uwerx team has increased the presale token allocation to 57% (427.5 million tokens) while reducing the team's share to 7%. The developers intend to relinquish all smart contract ownership after the project lists on centralized exchanges, reflecting their commitment to decentralization.

This demonstrates their faith in empowering the community. Furthermore, the introduction of a Vault system will enable users to store their assets while earning passive income through savings interest, fostering increased user engagement.

We believe it is likely that Uwerx will remain a favorite among investors due to its real-world applicability and strong foundational framework. Its impressive presale success, which continues to attract investors, can be credited to the agile approach of the development team, allowing for incremental improvements as the project evolves.

Take advantage of the current presale rate of $0.05245 to purchase WERX tokens. Act fast and follow the provided links to secure a 25% purchase bonus before it taps down to 15% today at 18:00 UTC, with an anticipated price increase on the horizon!

Website: https://www.uwerx.network

Presale: invest.uwerx.network

Telegram: https://t.me/uwerx_network

Twitter: https://twitter.com/uwerx_network

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