Is The SEC Against Crypto? Axie Infinity (AXS) And Polkadot (DOT) Are Affected

The recent lawsuits against Binance and Coinbase have sparked debates about blockchain token classification and its implications for the future of cryptocurrencies. Major altcoins like Axie Infinity (AXS) and Polkadot (DOT) witnessed massive declines in the aftermath.

Meanwhile, investors are rushing into the Uwerx presale to recoup their losses and position themselves for higher returns before the year ends. Should you invest in Uwerx in 2023 or bet on a rebound from Axie Infinity (AXS) and Polkadot (DOT)? Continue reading to find out. 

Axie Infinity (AXS) Suffers Heavily As Users Exit In Droves

Once a prominent crypto in the metaverse and play-to-earn sector, Axie Infinity (AXS) has witnessed a decline in its popularity. The number of active users engaging with Axie Infinity (AXS) has significantly reduced, now only a fraction of the peak of 2.3 million daily users it once boasted. This decline can be attributed to the waning hype surrounding the metaverse as well as the impact of the NFT market crash in 2023.

To make things worse, Axie Infinity (AXS) was listed among the tokens labeled as securities by the SEC in its lawsuit against Binance and Coinbase. The pro-metaverse company, Animoca Brands, has also withdrawn its interest in expanding into the U.S. in the wake of these legal actions. The co-founder and chairman of Animoca, Yat Siu, stated that the company would focus on more crypto-receptive regions like Hong Kong and Japan.

As a result of these developments, Axie Infinity (AXS) has fallen to $6.18, signifying a 12.82% loss within the week. The token has yet to pick up as it decreased by 0.37% within the last 24 hours.

Can Polkadot (DOT) Survive In The Face Of Recent Legal Actions By The SEC? 

Although Polkadot (DOT) was left out of the tokens mentioned by the SEC’s lawsuit against Binance and Coinbase, the legal actions strained the broader crypto market, indirectly affecting the altcoin. It has decreased by 4.9% within the week. 

However, Polkadot (DOT) seems to have survived the recent turbulence in the crypto market. The DOT token is now selling for $5.02, signifying a 0.36% increase since yesterday.

Recent developments in Polkadot’s (DOT) blockchain may have contributed to its rebound. Polkadot (DOT) and its testnet, Kusama (KSM), have announced their successful integration through Cosmos’ Inter-Blockchain Communication (IBC) protocol. This connection is expected to enhance the functionalities of both networks, facilitating faster testing and deployment of upgrades on Polkadot (DOT).

In addition, Polkadot’s (DOT) core protocol development activities gained significant traction and recorded an impressive peak of 175 developers by March 23, 2023, showcasing sustained momentum.

Uwerx (WERX) Might Surge By Q4 2023

According to Velocity Global, the United States has the highest global market for freelancers, but Brazil, India, Australia, and Indonesia, are rapidly growing markets. Uwerx is a game-changer, offering a novel approach to connecting freelancers with clients across the globe. Its ongoing presale offers investors the opportunity to participate in funding a disruptive model in the rapidly expanding global gig economy. 

Its WERX token is now selling for $0.05245. Due to this rising demand, the Uwerx team increased the presale token allocation to 57% (427,500,000 tokens) of the total token supply of 750 million. It also reduced the team’s token allocation from 8% to 7% to maximize user benefits. 

Furthermore, Uwerx developers have released the Alpha version of the protocol. It already features a Landing page, Signup page, Login/Sign In page, Forgot Password, and a Freelancer or Client Initiation Page. Other features include the Initial Step of Job Creation and Initial Step of Finding Talent, My Activity, Hiring Dashboard, and Job Creation Process pages. 

Meanwhile, the Beta version will soon be available for users to interact with. The Uwerx team expects and welcomes all feedback and recommendations through the dedicated feedback email, feedback@uwerx.network.

Uwerx has also taken measures to solidify its credibility and guarantee a secure atmosphere for investors and users. It was audited by InterFi Network and SolidProof long before its presale began. Its team of developers will forfeit all smart contract ownership after listing WERX on centralized exchanges. Another crucial decision, supported by 82.8% of the community, is the implemented 25-year seal of developers’ token, which occurred on Wednesday, June 7. This action will limit any fraudulent behavior in the protocol.

In addition, the Uwerx community overwhelmingly supported Uwerx’s decision to conduct a test airdrop, with a remarkable 98.2% vote. The test airdrop will ensure all token holders have their correct receiving wallet addresses. Also, the integrated Vault system in the protocol will provide a secure storage solution for investors to hold their tokens, granting them incentives determined by the platform for variables. This feature will encourage more user engagement on the protocol.

The Uwerx presale gained popularity due to the agile methodology approach adopted by the developers. This strategy has helped them release the project in stages while making significant improvements over time. It has also increased their confidence in the project’s performance once launched. 

Given its innovative design and robust niche, analysts predict Uwerx to hit $2.7 by Q4 2023, a significant leap given its current presale price of $0.05245 This is the reason why investors are jumping ship into the exciting presale.

On Saturday, July 29th, 2023, at 18:00, there will be a price increase from $0.05245 to $0.0564, with the added benefit of a 15% bonus.

Join them now by following the links below to enjoy a 15% purchase bonus and an upcoming referral bonus.

Website: https://www.uwerx.network 

Presale: invest.uwerx.network  

Telegram: https://t.me/uwerx_network  

Twitter: https://twitter.com/uwerx_network