SEC Crackdown Slows Cardano & BNB While Uwerx Surges
Cardano (ADA) and BNB (BNB) are suffering from the SEC’s activities, with their value and market capitalizations dropping hard. On the other hand, Uwerx (WERX) records more numbers during its presale.
Cardano (ADA) Value Drops as SEC Names ADA a Security
Cardano (ADA) is a blockchain network that hopes to allow people to bring about positive change in the world. Although Cardano (ADA) has seen some real-world usage with agricultural companies and some educational institutions, its situation isn’t looking too good. The culprit for this is the lawsuit from the United States Securities and Exchange Commission (SEC).
Since last year, Cardano (ADA) has been in court to debunk the SEC’s claims that it participated in unregistered securities trading. This has resulted in many investors removing their holdings from the Cardano (ADA) blockchain.
The effects on Cardano (ADA) were worse in the past week as the SEC named ADA a security. This resulted in a significant 4.14% drop on June 9, 2023, causing Cardano (ADA) to trade at $0.3165. On the other hand, Uwerx is seeing a surge in its phase 5 presale, with more than 5,000 sign-ups recorded.
BNB (BNB) Value Drops as Traders Abandon Ship
BNB (BNB) is the native token of Binance’s Smart Chain, and it has been one of the biggest crypto industry performers since 2017. However, things have taken a turn for the worse since the BNB (BNB) network began its legal battle with the SEC.
The SEC lawsuit against BNB (BNB) accuses the blockchain of retailing unregistered securities. This has made it impossible for traders to stake BNB (BNB) and for most cryptocurrency exchanges to list it.
BNB (BNB) which has one of the biggest market capitalizations at $40,939,633,086, has nosedived significantly. Despite continuing to have one of the highest market capitalizations among cryptocurrencies, BNB (BNB) lost more than $7 billion just in June.
Since the SEC is reputable in the US, many traders are abandoning ship and selling off their BNB (BNB) tokens. However, Uwerx’s presale is still going strong in phase 5, as many investors are scooping up tokens for $0.047725.
The price is set to rise to $0.05245 on Monday, July 10th at 18:00 UTC.
Uwerx (WERX) Alpha Version Incites Excitement Despite SEC Woes on Cardano (ADA) and BNB (BNB)
Experts believe that the freelancing economy will be valued at $455 billion by 2023 as freelancers become mainstream. In light of this development, Uwerx has arrived to break the monopoly of top freelancing sites.
Uwerx is a unique freelancing platform that will run on the blockchain, and it requires only a 1% commission from users. This little commission, coupled with security and intellectual property rights protection, makes Uwerx look like a fairy tale. Nevertheless, SolidProof and InterFi Network have audited this platform and confirmed its reliability.
So, this is the perfect opportunity to make a stake in this upcoming platform, as Uwerx tokens are going for $0.047725. In this presale phase 5, the Alpha version of this platform was unveiled, and it received numerous favorable comments. Now, a Beta version is being developed.
The design team also released a 10-page Figma PDF of the Uwerx site that’s still in progress. This shows that they’re legit and have nothing to hide. This platform also promises a 25-year liquidity lock after this presale, while expert analysts see its value surging beyond $1 by Q4 2023.
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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