Ripple (XRP), Stellar (XLM), or Uwerx (WERX): Which Crypto is a Good Buy for 2023?
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The year is winding down with the majority of investors experiencing major losses in 2022. The broader cryptocurrency market lost over $2 trillion in value, washing away most gains investors made in 2021.
Stellar (XLM) and Ripple (XRP), for instance, have lost over 90% of their all-time highs. Will buying the dip on these tokens be a profitable strategy?
Or is it in presale tokens with massive potential like Uwerx – a project that’s building in the intersection of freelance work and Web3? Let’s take a closer look at which of these three tokens are worth investing in for 2023.
The dearth of updates from Ripple (XRP) Labs’ lawsuit with the United States Securities and Exchange Commission is suppressing prices for Ripple (XRP) token holders. Consequently, Ripple (XRP) holders anxiously await rulings that will definitely impact price and ultimately swing the outcome of Ripple (XRP) Labs’ fight against the SEC.
Ripple (XRP) was trading at $0.34, a massive 90% discount from its all-time highs. Ripple (XRP) investor sentiment is turning to extreme caution as looming regulatory intervention post-FTX had Ripple (XRP) touching lows of $0.30. Confidence seems to have regained its footing amongst investors as XRP has now managed to climb up to $0.50.
Stellar (XLM) was developed as a blockchain platform specializing in facilitating transactions between digital and fiat currencies. Stellar (XLM) is known for its partnerships with major financial players such as IBM and Deloitte, rewarding early Stellar (XLM) investors who reaped the benefits of buying into a solid protocol with massive returns.
However, Stellar (XLM) wasn’t left
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