HomeSponsoredDogecoin (DOGE) and Shiba Inu Face Price Drops Despite Memecoin Season, Uwerx...

Dogecoin (DOGE) and Shiba Inu Face Price Drops Despite Memecoin Season, Uwerx Poses a Strong Winner.

SPONSORED POST* 

The month of May has been a win for the memecoin category, as the latest addition to the market, $PEPE, crossed the $1 billion market cap mark. This has sparked a new craze for memecoins. However, Dogecoin (DOGE) and Shiba Inu (SHIB) didn’t catch the fever, leading to price drops.

While it’s uncertain where the two top memecoins will head, traders are already eyeing other investment options that will win big this month. Among the available options is Uwerx—let’s see why this new crypto poses a winner in the memecoin season.

Dogecoin (DOGE) Takes Back Seat In New Memecoin Run

Dogecoin (DOGE) is to memecoins just as Bitcoin is to the entire crypto market—the pioneer. For those familiar with the crypto space, 2021 was tagged the “memecoin season,” with Dogecoin (DOGE) leading the charge. In January of 2021 alone, Dogecoin (DOGE) posted over 216% gains, thanks to comments by Elon Musk.

We saw other memecoins follow suit, with several posting outrageous gains within hours of launch. However, the market couldn’t sustain the hype in 2022—thanks partly to the bear run heightened by the FTX crash. 

Fast forward to 2023, and current market movements show we’re heading for another magical run thanks to $PEPE. However, Dogecoin (DOGE) was down 7.67% on the seven-day charts as of writing. It seems that Dogecoin (DOGE) has taken a back seat this time, allowing the new category of memecoins to take center stage.

Shiba Inu (SHIB) Struggles with Broader Market Downturn

Like Dogecoin, Shiba Inu (SHIB) has struggled to maintain its momentum as newer meme coins continue to gain traction. This has resulted in a 5% drop in the SHIB/USD pair chart, with the Shiba Inu (SHIB) now trading below $0.00000881 per token. 

The Shiba Inu’s (SHIB) critical support in the $0.0000098 area, which had previously held up for nearly two months, was lost over the weekend. Shiba Inu’s (SHIB) May losses now stand at around 12%, eroding its gains for the year to only 10%.

Additionally, a broader downturn in the crypto market has weighed heavily on Shiba Inu (SHIB). The token is about to experience a “death cross” as the 50-Day Moving Average is about to cross below the 200-Day Moving Average. This could push Shiba Inu (SHIB) to test last December’s lows of under $0.000008, resulting in a further 12% drop from current levels.

Uwerx Price Prediction: Presale Shows Strong Profit Potential to Investors

The Uwerx presale presents an opportunity for investors to increase profit margins during the memecoin fever. Due to recent innovative updates, analysts predict that the current presale price of $0.012 will increase by 87.5%. The team launched the Uwerx Vault, which allows people to earn on their Uwerx holdings. Now, they’re releasing the Alpha version of the Uwerx platform for testers next week.

Uwerk is a decentralized freelance protocol poised to revolutionize the gig economy. Over 90% of companies depend on freelancers and plan to increase their use. However, Upwork and Fiverr have monopolized the market, charging exorbitant fees and limiting transparency. Uwerx plans to use blockchain to break this monopoly, allowing freelancers to keep more of their earnings while providing better service.

WERX, the native token, has passed SolidProof and InterFi Networks audits, further solidifying the platform’s transparency. Investors can buy WERX at a discounted price of $0.0225 with a 20% price bonus for early investors.

Presale: invest.uwerx.network

Telegram: https://t.me/uwerx_network 

Twitter: https://twitter.com/uwerx_network

Website: https://www.uwerx.network/ 

*This article was paid for Cryptonomist did not write the article or test the platform.

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