Following the bearish trend that dominated the cryptocurrency industry in 2022, 2023 has since served as a year for most of these coins to recuperate, reviving investors’ hopes in their respective projects.
However, while many coins have remained promising, a few are still struggling to keep up with their predicted valuation. Shiba Inu (SHIB) and Dogecoin (DOGE) are perfect examples of such crypto projects.
This article carefully examines the trends of these two cryptocurrencies as they continue to spiral downwards while exploring the “best alternative train” that investors are jumping on, Uwerx.
Shiba Inu (SHIB): A Failed Attempt at Creating a Sustainable Meme Coin?
Shiba Inu (SHIB) rapidly garnered massive attention almost immediately after its launch, thanks to its compatibility with Ethereum (ETH), which allows users, token holders, and/or community members to build decentralized exchange applications like ShibaSwap used for staking and token trading without intermediaries.
Sadly, Shiba Inu (SHIB) has recently—particularly since the start of the year 2023—struggled to keep up with the unprecedented popularity it enjoyed when it first launched.
The dominant bearish influence from 2022 continues to cause Shiba Inu (SHIB)’s decline in value, with up to 81% of investors already facing losses.
Shiba Inu’s (SHIB) trading volume has suffered a 27.53% 24-hour decline and currently sells at 0.000008061. This not-so-positive market scenario has influenced many investors to dump Shiba Inu (SHIB) and move to better alternatives like Uwerx.
Dogecoin (DOGE): A Memecoin Struggling to Maintain Relevance
Dogecoin’s (DOGE) popularity first began following the somewhat misleading tweets of the current owner and CEO of Twitter, Elon Musk, suggesting he was the owner of the crypto project.
Not long after, big brands like Dallas Mavericks and Tesla (another business owned by Elon) bought into Dogecoin (DOGE), demonstrating the project’s potential to grow and help investors enjoy substantial profits.
However, the wave began to grow calm when Elon Musk debunked his tweets. Ever since, more and more crypto analysts have begun to worry about Dogecoin (DOGE)’s future, especially now that there are several emerging memcoins with better real-world use cases.
Dogecoin’s (DOGE) popularity on social media is as much a curse as a blessing. More than 50% of Dogecoin (DOGE) is held by less than 20 Dogecoin (DOGE) wallet addresses.
Because of this unbalanced distribution of this digital asset, investors are beginning to jump to a more reliable crypto project with better token distribution and more practical real-world usage, Uwerx.
Uwerx (WERX): The Viable Alternative Amidst The Crypto Chaos
Uwerx is a freelance platform that allows freelancers and clients to enjoy subsidized transaction fees, amongst other exciting features. On the Uwerx platform, freelancers and clients will pay only a 1% fee per transaction, unlike the 20% and 10% Fiverr and Upwork charges, respectively.
Thanks to its limitless use cases and the revolution it’s bringing to the freelancing industry, Uwerx has enjoyed massive adoption since its first presale stage.
With presale stage 1 to stage 4 completed in record time, the Uwerx team has modified token allocation to support the presale speed as we look forward to the end of presale stage 5 scheduled for Monday, July 31st, 2023. Tokens will now be allocated in percentages to holders across a 6-week vesting period after the end of the presale.
As an emerging crypto project, there is always the fear of legitimacy and credibility. Consequently, the project owners have locked liquidity for 25 years and disclosed their plans to reduce taxes to zero and renounce all ownership before launching the project on major centralized exchanges.
More importantly, Uwerx has been audited by SolidProof and InterFi Network ahead of the project’s official launch on August 4th, 2023. The Uwerx team has also locked the team’s tokens for 9 months to instill investors’ confidence in the project.
The Uwerx team has scheduled multiple activities for the platform’s official launch day, including but not limited to listing the WERX token on Uniswap and organizing the first Airdrop schedule for token holders. But before then, there would be a Test Airdrop immediately after the end of the presale stage 5 on Monday, July 31st, 2023, as voted by the WERX community.
Also, ahead of the project launch, the Uwerx team has unveiled the Uwerx Vault, a staking-like feature that allows token holders to store their WERX tokens and earn rewards as they do so. Uwerx has been listed on CoinSniper with an upcoming listing on Uniswap by August 1st.
The first version of the Uwerx Alpha Platform was released earlier last month, featuring up to ten pages, such as the Account Creation page, Job Creation page, Client/Freelancer Initiation page, etc.
The Uwerx team wants your opinions about the published PDF and how they can improve its User Interface. You can send your recommendations via their dedicated feedback mail, [email protected].
Act fast, buy WERX at $0.05245 per token before the price increase to $0.06294, and enjoy a 15% purchase bonus before the presale Stage 5 ends.
For more purchase information, do check out the resource links below:
Presale: www.invest.uwerx.network
Telegram: https://t.me/uwerx_network
Twitter: https://twitter.com/uwerx_network
Website: https://www.uwerx.network/
