Altcoins continue to suffer in the prevailing market conditions. In times of fear, investors naturally rotate away from more speculative investments and towards safer stores of value. Solana (SOL) and Shiba Inu (SHIB) continue to fall in value and cannot break their bearish trends. However, Uwerx shows auspicious performance in its presale phase, and analysts predict this is just the start of a far more significant rally.
Solana (SOL)
Solana (SOL) was one of the worst-performing altcoins in 2022. Solana (SOL) has lost close to 95% of its value compared to its all-time high in November 2021. The bad news keeps coming for Solana (SOL), with some of the most popular NFT projects on the network migrating to new chains. Solana (SOL) rallied massively in 2021, and lightning never strikes the same place twice.
Solana (SOL) does provide high throughput, but increasing fears around the heavy centralization of the Solana (SOL) network have also discouraged investors from buying this token. Solana (SOL) seems likely to fade into obscurity in the next cycle.
Shiba Inu (SHIB)
Shiba Inu (SHIB) faces lower lows, and there seems to be no hope for Shiba Inu (SHIB) bag holders. Shiba Inu (SHIB) made headlines in 2021 with its blistering rally, however, increased negative market sentiment has crushed the value of Shiba Inu (SHIB). Technical analysis points to a further downturn for Shiba Inu (SHIB), and investors gravitate towards safer investments such as Uwerx with proven utility.
As a meme coin, Shiba Inu (SHIB) will be the last to rally when sentiment flips bullish, which could mean months of fresh lows for Shiba Inu (SHIB) inventors. Still, it’s one worth watching!
Uwerx (WERX)
Uwerx leverages blockchain to build a better freelancing platform for the global gig economy. Traditional freelance platforms have consistently charged extortionate fees, typically 20% by Fiverr and seen of late, 10% at Upwork. These platforms continued to operate in the same manner, not accounting for the huge swell in remote workers. Uwerx will disrupt this industry, introduce some much-needed competition and help freelancers and users earn more by way of the WERX token.
Uwerx has had its smart contracts audited by InterFi Network as well as SolidProof, the team behind Uwerx also announced a liquidity lock after launch and for 25 years thereafter; this token flags all the signals of being an excellent long-term investment. And one capable of becoming a future blue-chip crypto project. Several crypto analysts investigating the protocol have confidently stated that WERX could trade as high as $1.40 by the end of 2023, fluctuating in the region of $2.20 in 2024 and $3.70 by 2025 – a huge leap from its current presale price of just $0.0065.
Uwerx Presale Continues To Fly
Solid fundamentals and the capacity to generate real revenue make Uwerx a hidden crypto gem and a token that will be one of 2023’s best launches. Implementing blockchain-driven solutions to traditional market segments will be one of the key growth areas in 2023, and Uwerx leads the charge. Getting into a promising crypto project early is often key to realizing significant profits, and Uwerx very easily could be a great opportunity.
Find Out More Here:
Presale: invest.uwerx.network
Telegram: https://t.me/uwerx_network
Twitter: https://twitter.com/uwerx_network
Website: https://www.uwerx.network/
Source: https://www.cryptopolitan.com/bearish-trends-for-solana-sol-and-shiba-inu-shib-whilst-uwerx-werx-presale-soars/