Following a prolonged period of significant losses, crypto investors now show renewed interest in reinvesting funds into digital tokens. Uwerx (WERX) stands out with its real-life utility and solid foundations. This is why analysts predict it could hit $2.5 by Q4 2023.
In this article, we’ll compare PancakeSwap (CAKE) and Mask Network (MASK) and highlight why Uwerx is the current favorite in the market.
PancakeSwap (CAKE) Is Drifitng Further Below
PancakeSwap (CAKE) is one of the most prominent decentralized exchanges. It was built on the BNB Chain to avoid the high fees on the Ethereum blockchain. As a DEX, it allows users to buy and sell whichever crypto they want using smart contracts. The CAKE token runs the smart contracts and fills the DEX’s liquidity pools. CAKE holders can also stake their tokens to receive rewards for helping run the platform.
PancakeSwap (CAKE) witnessed its trading volumes fall in the bear market of 2022. However, the decentralized exchange (DEX) has yet to see a boost from displaced users. It entered 2023 with its price around $4.
It currently trades at $1.56. This price shows that the CAKE token decreased by 7.37% within the last 24 hours and 16.44% within the past week.
Pancake Swap (CAKE) has been moving to reverse its unfortunate position. On May 12, it launched its v3 Farm on Space ID (ID) Protocol. Later, on May 15, the DEX experienced a substantial surge in its CAKE burn rate, resulting in a significant spike of over 190% in its trading fees. The notable increase in trading fees was mainly attributed to the addition of its v3 fee and Market Maker fee in April.
However, these developments are yet to boost the price of the CAKE token. Investors may have to experience more days of hardship before a rally.
Will Mask Network (MASK) Hit $4.77 In 2023?
Mask Network (MASK) is an Ethereum-based gateway that enables users to tap into Web3. It facilitates the transmission of encrypted messages and cryptocurrencies and the use of dApps on both mainstream and decentralized social networks.
Rather than developing a new platform, the ecosystem aims to bridge the divide between Web2 and Web3 by integrating Web3 functionalities into existing social media platforms. This approach ensures that Web3 becomes readily accessible to a broader audience.
Meanwhile, the MASK token serves as an incentive to facilitate governance on the Mask Network. The price of MASK is up by 0.77%. It currently trades at $3.94. However, a look at its weekly chart shows its price is down by 13.45%.
It is evident that market conditions influence the performance of the MASK token. Given its fluctuation, experts speculate its worst-case scenario could be a price of $4.77, which is still a better outcome than PancakeSwap (CAKE).
Uwerx (WERX) Enters With Mouth-Watering Offers
Uwerx is an excellent example of how a potentially profitable crypto performs. Its presale, now in its 5th stage, has attracted 6,000 signups, 1,627 Twitter followers, and 1,500 followers on Telegram. As a result, the Uwerx development team has increased the presale token supply to 427.5 million (57%) and updated the price range for the launch from $0.09-$0.11 to $0.095-0.115. In addition, it reduced the team’s token allocation from 8% to 7% to maximize user benefits.
Now that its Alpha version is out with a Landing page and Signup page, the project is a step closer to fulfilling its promises to users and investors. Other features like a Login/Sign In page, User Dashboard, Settings, Posting Jobs, Finding Jobs, and more, will also be added weekly/bi-weekly.
Meanwhile, this current version will soon transition to the Beta version, which users can interact with. In addition, users can send their reviews and recommendations to the Uwerx dedicated feedback email at feedback@uwerx.network.
Uwerx is about to perform a test airdrop for all token holders to verify they entered their receiving wallet addresses properly. This decision was approved by 98.2% of the Uwerx community. It will also allow token holders to save assets within the Uwerx vault to receive passive earnings from savings interests.
The team behind Uwerx put measures in place to secure Uwerx and improve its sustainability. It obtained audit approval for the platform from SolidProof and InterFi Network. It plans to forfeit all smart contract ownership after listing the project on centralized exchanges to prevent any chance of rug pulls and crypto scams. It will also lock developers’ liquidity for 25 years during the presale, as decided by 82.8% of the Uwerx community.
The Uwerx presale has been an overall success due to the agile methodology approach used by the development team. This has helped them release the project in stages while making significant improvements over time.
So what are you waiting for? Buy the WERX token while its price is still at $0.047725. Also, enjoy the upcoming referral bonus and the ongoing 15% purchase bonus before it decreases with the next price increase. For further details on Uwerx and the presales, follow the links below:
Website: https://www.uwerx.network
Presale: invest.uwerx.network
Telegram: https://t.me/uwerx_network
Twitter: https://twitter.com/uwerx_network
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