Binance Coin (BNB) and Ripple (XRP) still see their prices weighed down by regulatory pressures. The former continues to be troubled, with the Paxos platform forced to stop minting the BUSD stablecoin. Ripple (XRP) has been involved in a long-running court case against the SEC. As the 2023 rally cools down, investors know that solid fundamentals are needed for further gains and Uwerx offers a substantial upside opportunity with no regulatory threat.
Binance Coin (BNB) Pressured After Stablecoin Threat
Binance Coin (BNB) has seen its price dip back below the $300 level as regulatory pressure continues. Binance Coin (BNB) dropped to lows around $210 following the bankruptcy of its rival and the contagion that followed. Whilst it has made a recovery to its current trading price of $311 crypto custodians are still under pressure after the FTX collapse.
The crypto rally that ushered in 2023 saw Binance Coin (BNB) trading as high as the $335 level, but the coin has now dropped below the psychological round number once more. The latest regulatory issue was related to a New York regulatory move to stop the Paxos platform minting the BUSD stablecoin. The company had a deal with Binance but now it has ended and Binance Coin (BNB) has dropped as volumes disappear from the dollar-backed coin.
Ripple (XRP) Investors Are Still in the Dark Over SEC Case
Ripple (XRP) has been subject to a long-running lawsuit brought by the SEC, which claims that the token is a security. The regulator oversees the stock market under federal securities laws and has been actively pushing to regulate crypto. Ripple (XRP) was involved in the first high-profile case and Ripple (XRP) executives were accused of making an unregistered security offering with the token.
The SEC v Ripple (XRP) case has been running since December 2020 and has affected the token’s price due to uncertainty. Ripple (XRP) was delisted from exchanges early in the process and still struggles to get the volume it could. The other problem for Ripple (XRP) is that the project has yet to be able to make any real development progress due to the case. Investors are still unsure about the end goal of the SEC and JP Morgan’s influence over the outcome and the case itself. Given the circumstances, Ripple (SEC) could lose value if the founders are forced to pay fines, or forced to refrain from development.
Uwerx (WERX) is the Analysts’ Choice for 2023
Uwerx is a new project that can keep investors safe from regulatory action. The Uwerx project is seeking to bring a niche project to the blockchain with a platform for freelance workers. According to Forbes, “90% plus of corporate leaders in a recent global survey said they utilize freelancers and will increase their reliance.” Uwerx has an opportunity to capitalize on its first-mover advantage and the project wants to slash fees from 10% & 20% to 5% compared to the market leaders.
Uwerx is currently in a presale phase, priced at $0.005, and is under the radar of many investors but that can change in 2023 with further marketing and exchange listings.
Investors can also be reassured by the fact that liquidity will be locked up for a 25-year period following the presale. Uwerx has impressed analysts and the project should outperform Binance Coin and Ripple (XRP) by a wide margin. This confidence runs in parallel with the success and continued resilient growth of the freelance industry itself. Investors can get in early at $0.005, via the links below, to capitalize on this project before it becomes mainstream and rockets higher.
Presale: invest.uwerx.network
Telegram: https://t.me/uwerx_network
Twitter: https://twitter.com/uwerx_network
Website: https://www.uwerx.network/
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