Navigating the crypto market requires tremendous skill and resilience. In this dynamic ecosystem, three coins have been singled out as having a higher probability of overcoming the challenges and emerging victorious in the next bull run. The spotlight falls on Litecoin (LTC), Uwerx, and ApeCoin (APE).
Litecoin (LTC) and ApeCoin (APE) have attracted many investors due to their perceived resilience amidst market volatility. However, the upcoming project, Uwerx, has carved its niche in the crypto industry with a strong focus on disrupting freelancing. As the spotlight shines brightly on these two contenders, the question remains: will Uwerx rise above the competition in the next bull run? Continue reading to find out.
Litecoin (LTC): Reignits Bull Run With Upcoming Halving And Network Advancements
Litecoin (LTC) attracts traders with its reduced block time and cheaper network fees. It has consistently reached new all-time highs during bull market cycles, a feat accomplished by only a handful of projects. While it may generate less hype among investors, Litecoin (LTC) has consistently demonstrated its reliability as a long-term investment.
Litecoin (LTC) has decreased within the past week, recording a 2.08% loss. This loss, which also occurred in the broader crypto market, was triggered by the news that the US SEC filed a lawsuit against Binance, Binance.US, and the exchange’s founder Changpeng Zhou (CZ). The allegations include offering unregistered securities to the public in the United States, along with various other charges.
Despite this recent downtrend, Litecoin (LTC) has reignited bullish sentiments with its highly anticipated third halving. The halving event, slated for early August, is expected to have profound effects on Litecoin’s (LTC) price and market position. The upcoming event will halve the block reward for Litecoin (LTC), reducing it to 6.25 LTC.
Furthermore, the Litecoin (LTC) network has undergone substantial advancements, including integrating smart contracts and NFTs through LTC-20. These progressions have contributed to a significant rise in its network transactions. The coin currently trades at $89.94, signifying a 3.22% increase within the last 24 hours. As investor interest rises, analysts expect Litecoin (LTC) to rally to the mid $100s later this year before facing any significant pullback.
Uwerx (WERX): Top Crypto To Consider Holding For The Next Bull Run
Uwerx has a high chance to take in massive profits, as Technica.ly reported that about 40% of Americans became freelancers in 2022. This percentage is expected to increase by 2023 end. This is why analysts believe the Uwerx project could hit $2.7 by December.
Uwerx has witnessed tremendous success with its previous four presale stages, which swiftly sold out, setting new records. This is thanks to the agile methodology approach adopted by the developers. This approach has helped them release the project in stages while making significant improvements over time.
Thus, the Uwerx team has adjusted the presale token allocation from 45% to 57% of the 750 million token supply to accommodate more buyers. It will run a test airdrop to token holders to ensure they correctly entered their receiving wallet addresses. This was decided by 98.2% of the community through voting. 82.8% of the Uwerx community also voted to lock the developer’s liquidity for 25 years, starting before the presale ends. The Uwerx team initiated the lock on Wednesday, June 7.
Furthermore, as a show of commitment and confidence to users, Uwerx developers reduced their token allocation percentage from 8% to 7%. After listing the project on centralized exchanges, the team also plans to forfeit its smart contract ownership.
In addition, the team got the project audited by SolidProof and InterFi Network before launching the presale. These actions will go a long way to assure investors of the legitimacy and long-term success of the Uwerx project.
Finally, Uwerx has launched the Uwerx Vault, where users can store their tokens for a specific duration. It works like staking and will reward token holders who use it.
Will ApeCoin (APE) Replicate Its Q1 2023 Performance In Q2?
ApeCoin (APE) experienced a significant rally in Q1 2023, with a price increase of approximately 17%. However, this upward momentum was reversed in February and March, resulting in a closure at $4.18 on March 31, which largely erased the gains made in January.
Following this period, ApeCoin (APE) traded between $3.7 – $4.5 in mid-March. This limited the potential for positive price movements. The meme coin fell below the established range in early May due to the decline in Bitcoin (BTC).
Bitcoin (BTC) dropped from the $ 29k level to below $28k and $27k, eventually settling at $26k before attempting a recovery.
Bitcoin’s (BTC) plunge exerted additional bearish pressure on ApeCoin (APE) in Q2 2023, pushing its price closer to the post-FTX level and November lows of $2.8. If Bitcoin (BTC) continues to falter, the meme coin could retest the November lows of $2.8 or decline further. Notably, the price is already below January’s $6.4, meaning all gains made in early 2023 have been wiped out.
However, there is a chance of recovery as ApeCoin (APE) currently sells at $3.01. Though it lost by 4.38% within the past week, its 24-hour analysis shows a 4.7% increase. This increase could be due to Otherside, another ambitious project by Yuga Labs that aims to incorporate ApeCoin (APE) into future ventures. A bullish Bitcoin (BTC) with a value above $28k could tip the scales in favor of ApeCoin (APE), potentially driving a rally toward $4.5 by the end of the year.
While ApeCoin (APE) relies on Bitcoin (BTC) to keep up with the gruesome crypto market, Uwerx is set to enjoy a better sail, given its real-world utility. Its recently released Alpha version already features a Landing page, Signup page, Login/Sign In page, Forgot Password, and a Freelancer or Client Initiation Page.
Other features include the Initial Step of Job Creation and Initial Step of Finding Talent, My Activity, Hiring Dashboard, and Job Creation Process pages. Meanwhile, the Beta version will soon be available for users to interact with. The Uwerx team expects and welcomes all feedback and recommendations through the dedicated feedback email, feedback@uwerx.network.
Join the presale now and enjoy a 15% purchase bonus. The links below will give you more updates and information.
Website: https://www.uwerx.network
Presale: invest.uwerx.network
Telegram: https://t.me/uwerx_network
Twitter: https://twitter.com/uwerx_network
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