The cryptocurrency market has finally seen some respite from a bruising bear market. Although there are green shoots of recovery, some projects still have headwinds, such as Solana (SOL) and Tron (TRX). Both have been struggling with the after-effects of the FTX collapse. Uwerx has defied the bear market and has a chance to reward early investors with big gains.

The cryptocurrency market has finally seen some respite from a bruising bear market. Although there are green shoots of recovery, some projects still have headwinds, such as Solana (SOL) and Tron (TRX). Both have been struggling with the after-effects of the FTX collapse. Uwerx has defied the bear market and has a chance to reward early investors with big gains.

Tron (TRX) has been hurt by the problems at the USDD stablecoin. USDD was trading at $0.065 despite the Tron foundation bailing out the coin. Stablecoins need to hold their $1 peg, and recent volatility had trading fearing the worst. The crisis appears to have subsided, but there is still an air of uncertainty surrounding Tron (TRX) founder Justin Sun.

Uwerx has no contagion risk from the FTX fallout and can offer a better opportunity for investors. Uwerx is building a platform to cater to the industry for freelance workers. Employers are increasingly using freelancers and there are Web2 rivals but no competition in the blockchain. A 2020 Intuit report found that most major corporations plan to shift to using more freelancers and contractors and fewer traditional employees in the future.

(by Andrew MacGill)