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In a surprising turnout of events, Pepe (PEPE) has lost some traction to competitors, despite its remarkable 2023 run. Notably, Uwerx (WERX) presale phase 5 and Toncoin (TON) have printed more gains in the last seven days than the trending memetic coin.
We take a look at what the market holds for Pepe (PEPE) and Toncoin (TON) and why analysts are so bullish on Uwerx (WERX).
Pepe Traction Slows, Losing Over 14% in Seven Days
Following a recent downturn in the crypto market, Pepe (PEPE) has experienced a substantial decrease in value, plunging over 14% in the past week. This trend indicates a shift in momentum as bearish tendencies overshadow the previously dominant bullish market sentiment. Current trading figures peg Pepe (PEPE) at $0.000001613, a staggering 69% dip from its all-time high.
The Pepe (PEPE) decline can be partially attributed to the surge of new meme coins diluting demand. For instance, Milady (LADY), another hyped meme coin, exceeded Pepe’s (PEPE) market cap at the same stage in just two weeks since its launch. This demonstrates the significant impact of emerging coins on Pepe’s (PEPE) value.
Chart analysis indicates a potential retest of the $0.00000092 support level in the coming weeks. But the $0.00000214 level may act as present resistance. A prolonged bearish run could be triggered if the Pepe (PEPE) price drops below the support level.
Toncoin Bags New Listing, Pushes Price Upward
Toncoin (TON), the native token of The Open Network, has recently been making headlines. It gained a remarkable 6.28% on May 23rd, pushing its value up to $2. This performance is notable, especially considering the bearish momentum seen with other major cryptocurrencies.
One of the key drivers behind this upward surge is Toncoin’s (TON) new listing on BitForex. With the addition of the TON/USDT trading pair on the platform, Toncoin (TON) has been expose to a wider market. This solidifies its position as a versatile digital currency. The listing has also helped Toncoin (TON) offset some of its losses, resulting in a modest 2.52% increase over the last seven days.
Toncoin (TON) currently ranks as the 23rd largest cryptocurrency. With its close affiliation with Telegram, Toncoin (TON) is prime to benefit from the messaging platform’s growth. This also highlights the token’s potential to dominate in the realm of social media-based payments. As of writing, Toncoin (TON) is trading at $1.92, reinforcing its upward trajectory.
Uwerx (WERX) Presale Phase 5 Promises Price Increase by Q3 2023
The freelance industry is rapidly evolving, with digital talent platforms surging from 80 in 2009 to over 330 today. Addressing the sector’s main issue of high commission fees, Uwerx (WERX) aims to revolutionize the space with just a 1% fee.
Currently in its presale Phase 5 and priced at $0.047725, Uwerx has been audited by InterFI and SolidProof, enhancing platform trust. Uwerx recently released an alpha preview, with a beta version to follow, signifying rapid development. The team has also locked their tokens, symbolizing their commitment.
Analysts foresee Uwerx reaching $1.8 by Q2 2024. The successful presale and expanding community of over 7,000 sign-ups, 1,627 Twitter followers, and 1,456 Telegram members support this forecast.
Early investors are offered a 15% price discount, a valuable opportunity as prices are expecte to rise soon. Join Uwerx and partake in the freelance industry revolution.
Presale:invest.uwerx.network
Telegram: https://t.me/uwerx_network
Twitter: https://twitter.com/uwerx_network
Website:https://www.uwerx.network/
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