This week, the market may finally be shining its light on Pepe (PEPE) and Dogecoin (DOGE). Both tokens have enjoyed gains of over 2% in the past seven days. While it seems like the bulls may finally be taking control, some analysts are cautious about the short-term profit they’re displaying. These experts are turning their sights towards Uwerx (WERX), whose presale phase 5 has shown long-term promise.
Pepe (PEPE) Price Increase Amid Bearish Market Sentiment but Rally Uncertain
Pepe (PEPE) investors have had a rough few weeks as the meme's value has steadily declined. Pepe (PEPE) earlier exhibited an exponential increase in its price, which helped it briefly touch the $1 billion market cap before falling.
According to CoinMarketCap, the value of Memecoin has increased by 5.64% in the last 7 days. At the time of writing, its price was $0.00000096, and its market value was roughly $379 million.
Despite a 20% increase in Pepe's (PEPE) trading volume, it has steadily lost its overall ranking in the crypto market. As of last week, Pepe (PEPE) stood in the 85th position by market cap. However, this week saw it drop to the 88th position. Analysts predict that given the current unfavorable market conditions, the Pepe (PEPE) price may hit a block and the bears will take over. Investors are seeking other profitable coins like Uwerx (WERX).
Dogecoin's (DOGE) Rollercoaster Ride: Can it Recover with a Potential Price Rally?
Dogecoin (DOGE) has not met expectations, despite seeming promising at the start of the year. For most of the year, Dogecoin’s (DOGE) weekly chart has declined. The key resistance and support levels have been $0.093 and $0.056, respectively.
However, Dogecoin (DOGE) has maintained some decent gains in the last week, trading at $0.069. It also saw a price spike of 1.93% in the last 24 hours, but no major news supports this spike. This only means that there’s more volatility to come.
While investors are waiting on the next Pepe (PEPE) and Dogecoin (DOGE) price movement, Uwerx's (WERX) presale success is proving to be a more solid project with potential profits in 2023.
On-Chain Data Support Uwerx (WERX) Potential Rally as Dogecoin (DOGE) and Pepe (PEPE) Drop
While many cryptos have seen their prices fall, Uwerx (WERX) has consistently increased in value, even as its presale gained traction. Uwerx (WERX) seeks to create the ideal platform for freelancers to flourish, with the global freelancing platform market expected to reach $18.3 billion by 2031 at a CAGR of 15.1%.
Uwerx (WERX) has made several big moves within the past few months, from unveiling its Uwerx Vault system, where holders can double their holdings, to launching its alpha version and working on releasing a beta version for testing soon. The team has also announced that it’ll lock in its allocated tokens for nine months to secure the platform’s long-term growth. This is further solidified by thorough audits from Interfi Network and SolidProof.
This week, a clickable prototype will be released for the presale, showcasing freelancer registration and client registration pages. Furthermore, next week will witness the introduction of the Uwerx Vault feature, along with a poll to determine the date for the test airdrop.
With a current price of $0.047725, the 5th phase of the presale is selling fast, with records showing that over $24 million in purchases have been made. This initiative has endeared investors, and experts have predicted a price rally for Uwerx, which will see it touch $1 by Q4 of 2023. Smart traders can take advantage of the current 15% discount on first sales to get in on this exciting project early.
Presale: invest.uwerx.network
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