We’ll review these tokens to see why they dipped and how Uwerx may pose a better investment opportunity now.
Polygon (MATIC) Struggles to Recover
Despite the tremendous growth observed in the Polygon (MATIC) ecosystem, its value has experienced a decline. Last week, Polygon traded at $0.978143, witnessing a decrease of 12.3% over the past month and a 4.9% drop in just the previous two weeks.
During a notable session, MATIC began trading at $0.96 and tested the $0.90 support level. It surpassed this level but eventually dipped to a low of $0.87, resulting in a loss of over 6% by the end of the session.
The downward trend persisted for the following three days, with minimal fluctuations in value. However, a shift occurred on the subsequent day when the cryptocurrency surpassed the $0.85 resistance barrier, dropping to a low of $0.82.
Consequently, Polygon experienced a loss exceeding 4% by the session's conclusion.
Litecoin (LTC) Testing Major Support Slightly above $100
The market performance of Litecoin (LTC) also faced a downward trend. After reaching its peak at $103 on April 18th, the altcoin experienced a significant 20% plunge, hitting a low of $86 the following day. The price continued to decline, stabilizing momentarily at $75.
Litecoin (LTC) was designed to provide a swift, secure, and reliable means of conducting transactions on the blockchain. Since its launch in October 2011, Litecoin (LTC) has garnered immense popularity among merchants due to its comparatively low transaction fees.
However, concerns arise among investors as Litecoin's (LTC) price has consistently declined, leaving them uncertain if the $100 resistance level will hold.
With freelancers predicted to exceed 90 million in the U.S. in the next five years, Uwerx (WERX) is a beacon of hope. Its recent Presale Phase 4 is already showing impressive metrics, outpacing market expectations. Its Alpha Version launch, set for May 19th, has also sparked significant interest. It has already registered 5,000 sign-ups, indicating an impressive rate of early adoption.
Analysts maintain an optimistic outlook for WERX. Forecasting its potential climb to $1.08 in Q4 2023 and even $1.99 in Q1 2024, they offer a glimmer of light amid dips in Polygon (MATIC) and Litecoin (LTC). Uwerx's extensive audits by SolidProof and InterFi Network, substantial liquidity lock for 25 years, and growing holder base underpin its stability.
Currently, the platform offers a tempting 20% discount for early investors who buy the token at its current price of $0.0225. However, a price increase and discount decrease are on the horizon, so now is the best time to get in on the project. As Uwerx innovates, one thing is certain: the freelance revolution isn't just on the horizon - it's here.