Narratives and hype dominate bull market cycles. Fundamentals and revenue generation dominate bear market cycles. Projects with solid fundamentals will be the best performers in 2023, rally hard before the meme coins and more speculative investments become popular again. Crypto analysts have selected Polkadot (DOT), Filecoin (FIL), and Uwerx (WERX) as the best utility tokens to hold headed into 2023.
Polkadot (DOT) solves one of the core issues that has affected blockchains since their inception – their natural isolation. Liquidity has become fragmented within DeFi, and users have to risk their funds using brides, which were attacked and exploited numerous times in 2022. Polkadot (DOT) provides a layer zero for projects to build on. At the Polkadot (DOT) project’s core is the Relay Chain, which carries information and assets between the Parachains. Polkadot (DOT) has created the infrastructure to build ecosystem magnitudes larger than any current layer one. Its Parachain slots are perfect for businesses that want to expand into the digital asset space. Polkadot (DOT) has retraced heavily during the bear market, and its current price offers investors a huge opportunity.
Filecoin (FIL) provides decentralized storage. Filecoin (FIL) developers have leveraged blockchain’s immutability to create an unalterable history record that allows humanity’s most vital information to be stored forever. The native token of Filecoin (FIL) can be earned by users who contribute storage space. Users pay for all Filecoin (FIL) services, giving the token natural buy pressure and real-world utility. Filecoin (FIL) has an in-built revenue stream, making it an excellent performer in 2023 as demand for decentralized storage increases.
Uwerx’s utility case outshines Polkadot (DOT) and Filecoin (FIL). Uwerx represents the world’s first decentralized gig economy platform connecting skilled freelancers and potential employers without a middleman. Uwerx massively reduces the platform fees from around 20% from leading traditional platforms like UpWork to 5%, thereby ensuring a better deal for employees and employers.
The world of remote work continues to grow, and Uwerx has deployed at just the right time. Experienced crypto adherents know that entering early into projects with solid fundamentals and high growth potential is where the best gains are made. As Uwerx is still in its presale phase, users can join at the ground level, and several analysts expect that Uwerx will become a blue-chip project in 2023. Contract ownership has also promised to be renounced as soon as the project is ready to be listed on Centralized Exchanges.
Nobody knows when the macro condition will improve, and senior economists predict it will worsen before it improves. Polkadot (DOT), Filecoin (FIL), and Uwerx all provide excellent utility, and this will allow them to thrive regardless of market conditions. Of the three, given its small market cap, Uwerx has the highest growth potential from its presale price of $0.005 and could post gains of more than 8,500% in 2023.
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