Fantom (FTM) and Sui Network (SUI) had sharp drops recently, shedding more than 10% of their value. Experts have since set their gaze on Uwerx. This new player has already exceeded expectations during its ongoing presale, offering better prospects for people looking to enter the market or diversify their portfolios.
Read on as we evaluate the potential benefits offered by these projects.
The Sui Network (SUI) Hits an All-Time Low
Three weeks after the launch of the mainnet, the Sui Network (SUI) hit an all-time low (ATL) along with the rest of the cryptocurrency market. On April 18, Sui Network (SUI) was released as an ICO with a starting price of $0.1.
The token went live on Binance, the largest cryptocurrency exchange, on May 3, just two weeks after the mainnet launch of the layer-1 blockchain. Sui Network (SUI) reached a new high of $1.71 on the day Binance launched trading and has since been steadily declining.
However, the hype seems to have died down as the ERC-20 coin plummeted by over 10% in the last seven days. Sui Network (SUI) now trades at an all-time low of $0.97, and it’s unclear when traders can expect a rise.
Fantom (FTM) Faces Price Major Setbacks Amid Multichain Saga
In recent times, Fantom (FTM) has experienced significant volatility, with a price drop of 10% within a week. This turbulence can be partly attributed to the rumors and uncertainties surrounding Multichain, Fantom’s (FTM) official cross-chain bridge. Multichain plays a crucial role in Fantom’s operations, issuing 40% of non-$FTM assets and handling 81% of Fantom’s total stablecoin Market Cap.
As rumors about Multichain team arrests started circulating, fear and uncertainty were sparked in the market. This led to a surge in daily bridging volumes, likely contributing to the downward pressure on the Fantom (FTM) price. The lack of communication from the team, particularly from the Multichain CEO, Zhaojun, further exacerbated market concerns.
Despite the increase in withdrawal volumes, Fantom’s (FTM) underlying network remained relatively stable. However, the ongoing issues with Multichain need to be resolved for the Fantom (FTM) token to regain stability and possibly see a positive price movement.
Why Uwerx (WERX) Presale Will Provide Better Opportunities
According to Velocity Global, the global freelancing market will increase at a cumulative annual growth rate (CAGR) of 15% to 9192.9 million by 2026. The newest solution in the rapidly expanding gig economy is Uwerx, and early adopters stand to profit substantially.
Platforms like Fiverr and Upwork charge up to 20% in transactional commissions. In contrast, Uwerx lowers the payout to 1% so users can keep more of their earnings. In addition, it has undergone thorough audits by reputable firms like InterFi Network and SolidProof to offer the best privacy and security in the crypto market.
After 5,546 registrations, Uwerx has just released the Alpha platform to investors. With the newly developed Uwerx Vault, investors can choose a holding period that best suits their needs and interests. Also, to show its dedication to customer safety and trust, The Uwerx implemented a 25-year liquidity lock before the presale ended.
WERX’s 5th phase presale is selling fast at $0.041, and industry experts believe the price will rise to over $1.5 by Q3 2023. Early investors can claim a 15% discount on their purchase, enhancing the value and potential profit.
Presale: invest.uwerx.network
Telegram: https://t.me/uwerx_network
Twitter: https://twitter.com/uwerx_network
Website: https://www.uwerx.network/
Disclaimer: This is a sponsored article. The views and opinions presented in this article do not necessarily reflect the views of CoinCheckup. The content of this article should not be considered as investment advice. Always do your own research before deciding to buy, sell or transfer any crypto assets.
