The collapse of the FTX (FTT) exchange in 2022 has added speed to the looming threat of regulatory action in crypto markets. Hearings are ongoing into the failed exchange, but the U.S. SEC has vowed further action in the sector.
Quant (QNT) has Been Close to Regulators
Quant (QNT) is an example of a project that can avoid regulatory scrutiny as it provides more of a crypto service than an investment security. Quant (QNT) works with institutions, particularly in the finance sector, and helps them to design and build applications. The project can avoid the eye of regulators as it does not hold investor deposits in the same way as FTX or some decentralized finance projects. Quant’s (QNT) demand has indeed surged and has shielded it from market downturns. This was evident during the 2022 bear market as can be seen from the pump in Quant – even as some of the biggest cryptos lost their footing.
Quant (QNT) has also been active in the space of digital currencies for central banks, and it is through this work that they will likely have made some important contacts. That could give the Quant (QNT) project a heads-up on pending regulations in the pipeline. Quant (QNT) traded at highs of around $385 in 2021 but has fallen to $121. That is not as bad as some in the bear market and a return to the highs could happen, we believe Quant still stands a chance to reach the $200 mark.
Avalanche (AVAX) is More Software than Security
Avalanche (AVAX) is another project that can avoid the regulators as it is seen as more software than security. Avalanche (AVAX) was also involved in discussions with regulators recently and was able to have input, so again, they will be aware of the potential regulation and how to position the Avalanche (AVAX) project. That can see the price of AVAX supported in 2023.
Avalanche (AVAX) got another boost in early 2023 with news of a partnership with retail giant Amazon. Avalanche (AVAX) has been picked to support the tech company with its web services platform. AWS needed a default blockchain platform for managing and executing smart contracts and the win is a big deal for Avalanche (AVAX) with competition from the likes of Ethereum. The development will help both parties as Avalanche AVAX) can test its product in the infrastructure of Amazon.
Despite the recent launch of Avaissance (which aims to support artists in the digital field in order to expand the NFT ecosystem) it doesn’t seem to have been enough to restore investor confidence.
Uwerx (WERX) Presale has Analysts Forecasting Massive Growth
Uwerx is a new project, currently in its presale stage, that seeks to disrupt the market for gig economy workers. Uwerx wants to uproot the dominant players in the industry, such as Upwork and will connect employers and workers with decentralized technology. Lower fees, faster payments and more ways to earn will be three key opportunities that could see workers leave other platforms for Uwerx.
Freelance work is growing in popularity and importance with the gig economy providing $1.4 trillion to the U.S. economy alone, currently around 78% of business leaders say they would prefer to hire freelancers due to the prevailing uncertainty of local and international markets- according to a survey by Fiverr.
Uwerx can have access to this market on a global scale and will be able to grow without competition in the early stages. Scale and niche are two powerful drivers of gains in crypto projects and investors should look to the current presale for an opportunity. Uwerx can be the big winner for early investors when the regulators come knocking at the established projects.
The opportunity to take part in a crypto presale that is associated with the most resilient industry of 2023 and beyond is available by clicking on the provided links. Uwerx recently revealed a 25% exclusive bonus on all WERX transactions, specifically during the presale phase.
Presale: invest.uwerx.network
Telegram: https://t.me/uwerx_network
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Website: https://www.uwerx.network/