The cryptocurrency market has been volatile in recent weeks, with the prices of many coins falling. Shiba Inu (SHIB) is one of the coins that has been hit hard, with its price dropping by over 20% in the past 24 hours. Let’s examine how market behavior affects tokens like Sui Network (SUI) and Uwerx (WERX).
Shiba Inu (SHIB) Experiences Price Decline Amidst Whales Selling Off and Lack of Major Developments
There are several reasons why Shiba Inu (SHIB) is down today. One reason is that whales, or large coin holders, have been selling off their positions. This has put downward pressure on the price. Another reason is that there have been no major developments in the Shiba Inu (SHIB) ecosystem recently.
Shiba Inu (SHIB) has dropped 11.00% in the last month and currently trades at $0.0000077. This has made investors less interested in the coin. Furthermore, Shiba Inu (SHIB) has a market cap of $5 billion and a total volume of $101 million.
Analysts predict that a great surge in price is approaching. However, a significant change in the Shiba Inu (SHIB) ecosystem must have an impact on it. With so much uncertainty surrounding this asset, investors constantly seek other tokens to provide a good ROI as we approach Q4.
Sui Network (SUI): 2,000% Rally to 50% Plunge Amidst Dumping Rumors
Sui Network (SUI) is a Layer 1 blockchain launched in May 2023 with a native token of the same name. The Sui Network (SUI) token has been on a wild ride since its launch. It saw a rally of 2,000% when it listed in May following its presale.
However, it has plunged by over 50% on rumors that the Sui Foundation was dumping rewards from locked and non-circulating stakes in Sui Network (SUI) on Binance. The current price of SUI is $0.6963, with a trading volume of $148 million and a market capitalization of $406 million. Sui Network (SUI) distribution is set to occur over the next seven years, with allocations for early contributors and investors rolling out starting in April 2024.
SUI tokens in the treasury of Sui Network (SUI) creator Mysten Labs will be unlocked in 2025. It remains to be seen how the recent dump of rumors will impact the long-term prospects of the Sui Network (SUI) platform. However, the team has quickly denied the allegations, and the project still has several strong fundamentals.
Uwerx (WERX): Transforming the Freelance Market with Blockchain Innovation
The freelancing industry is a rapidly growing and evolving sector of the global economy. The global freelance workforce is estimated to reach 78 million by 2023, up from 43 million in 2018. However, the freelance marketplace is inefficient and unfair, with high transaction fees and a lack of transparency.
Uwerx (WERX) is a blockchain-powered platform revolutionizing the freelancing industry. By leveraging blockchain technology, Uwerx (WERX) offers freelancers a decentralized platform that is more transparent, fair, and efficient. As compared to other freelance marketplaces, Uwerx’s (WERX) commission of 1% is quite cheap.
The Uwerx platform will soon start Beta testing with over 6,950 users. The platform has also been tested by trustworthy organizations like SolidProof and InterFi Network. The Uwerx token (WERX) sells for $0.047725 in the ongoing 5th presale.
Experts believe the token’s value could exceed $1 by Q4 2023. This prediction is based on the platform’s strong growth potential and the increasing popularity of blockchain technology in the freelance market.
Purchase WERX Before the 5th Presale Ends.
The fifth presale provides a great opportunity for anyone to purchase Uwerx (WERX) at 15% off. You can become an investor now that the tokens are affordable before reaching $1 in Q4. Stay updated and learn more about this decentralized freelance platform using the links below.
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.
