Ethereum (ETH) And Litecoin (LTC) Prepare For Upgrades. Investors Prefer Uwerx (WERX)

Ethereum (ETH) is getting set for its next big upgrade after the September Merge, with the coming Shanghai upgrade. Litecoin (LTC) is another project heading for a blockchain upgrade with another halving event. The Merge failed to spur the price of Ethereum (ETH) and the market trend will determine the path of Litecoin (LTC). Analysts currently prefer the outlook for Uwerx which has niche crypto potential and is expected to see its price soar in the year ahead.

Ethereum (ETH) Upgrade Releases Staked Tokens

Ethereum (ETH) was the big focus of the crypto market in August and September last year after the project announced a long-awaited move to Proof-of-Work mining. The move made the project 99.9% more energy efficient but developers said late on that it would not solve the issues with gas fees and transaction speeds. The Merge happened around 15 September, but the price failed to push higher after the FTX collapse.

Ethereum (ETH) currently has $28 around billion in Total Value Locked on the chain but that is down from $100 billion at the peak. Ethereum (ETH) has also suffered a big drop in NFT sales over the last year. The next upgrade for Ethereum (ETH) will be the Shanghai hard fork, which is set to release staked tokens and remain locked following the September upgrade. There is a risk that some of those tokens could be sold and weigh on the price.

Litecoin (LTC) will Alter Block Rewards and Supply

Litecoin (LTC) is awaiting another halving event later in the year, with the third of its kind happening on August 3. A crypto halving is when mining fees are cut in half for newly minted coins. The halving also cuts the supply in half and is designed to reduce inflationary effects on the token. The market assumption is that these events are bullish, but Litecoin (LTC) has not been able to hold onto previous gains.

Recent Analysis for Litecoin (LTC) has also hinted at some potential selling in the coin. Data provider Santiment has warned investors that Litecoin’s (LTC) price may drop due to an increase in selling activity among larger investors. According to the report, the recent coin distribution for Litecoin (LTC) was seen as a profit-taking move, and investors are probably using the rally to sell out of the project on the recent market gains. Litecoin’s (LTC) plan to be a mass-adopted payments token has not materialized and investors should forget about big gains in Litecoin (LTC) in 2023.

Uwerx (WERX) is the Choice of Analysts

Uwerx is a new project that is looking to bring a real-world marketplace to the blockchain. Freelance working is becoming more important to the economy and Uwerx will add benefits for employers and workers. The project will begin life as the only blockchain platform and can see first-mover benefits that will put a rocket under its token price.

Uwerx is currently in a token presale and is still under the radar of many investors but that can change in 2023 with marketing efforts and exchange listings.

Uwerx successfully passed an audit with InterFi Network and SolidProof and investors can be sure that it is a safe project, with a 25-year lock-up period on development funds after the presale ends, adding further confidence.

Uwerx has impressed analysts and some are expecting the coin to rocket from the presale price of $0.0075 to $2.80 by Q1 2024. Investors are currently enjoying an additional presale bonus of 25%

Presale

Telegram

Twitter

Website

Follow Us on Twitter and Facebook

-Advertisement-

Comments

Post a Comment

Popular posts from this blog

Has a 1% tax on Bitcoin holders been proposed by a U.S. Senator?

In the morning of Monday, April 22, Dennis Porter, the CEO, and co-founder of the Satoshi Action Fund, caused a stir on X as he shared a supposed letter sent by Senator Elizabeth Warren to President Biden. The letter detailed a proposed piece of legislation titled the ‘ Cryptocurrency Reporting and Wealth Tax Act ’ and urged its implementation. In the document, Senator Warren highlighted that digital assets present both opportunities and challenges but focused on the problems of taxing digital assets and enforcing existent rules in the crypto market. Picks for you 3 must-buy cryptocurrencies under $1 for this week 46 mins ago Losing faith in fiat? Central banks' gold accumulation hits historic level 1 hour ago Cronos unveils its Spring Odyssey campaign powered by Galxe 3 hours ago Google Gemini predicts Gold price for the end of 2024 3 hours ago As a result, the proposed act would introduce requirements for any individual or entity holdin...
Read more

Ethereum’s Rocky Road To $4,000: Will SEC Hurdles Derail Its Bullish Journey?

Image
Ethereum (ETH) stands at a crucial juncture, with its eyes set on the $4,000 price mark. Amid this ambitious pursuit, the digital asset faces a significant challenge that could influence its trajectory: scrutiny from the US Securities and Exchange Commission (SEC). Despite this potential regulatory hurdle, some analysts remain optimistic about Ethereum’s prospects. A detailed Analysis by Captain Faibik, a market watcher, highlighted a bullish pattern in ETH’s four-hour candlestick chart, suggesting that the $4,000 threshold is within reach. Related Reading: Market Alert: Ethereum Faces Potential Downfall As Dencun Upgrade Looms – Here’s Why Ethereum Eyes $4,000 Milestone This optimism stems from a descending wedge pattern observed by Faibik, indicating an end to Ethereum’s consolidation phase and signaling a possible price breakout. The technical Analysis paints a promising picture for Ethereum, suggesting that the asset could reclaim its l...
Read more

Is It Too Late To Buy SC? Shark Cat Price Soars 12% As This New AI Meme Coin Presale Blasts Past $1.2 Million

Image
The Shark Cat price rose 12% in the last 24 hours to trade at $0.1914 as of 02:45 a.m. EST on trading volume that dropped 40% to $20 million. This comes as the token gears up for its listing on the MEXC centralized exchange (CEX) today with SC/USDT starting its trading at 14:00 UTC. .@SharkCatSolana, a memecoin about a cat with a shark hat, is coming to #MEXCKickstarter 🚀 🗳Vote with $MX to share massive airdrops 📈 $SHARKCAT/USDT Trading: 2024-05-07 14:00 (UTC) Details: https://t.co/Wt64QirMBz Note: Due to another project with the token name SC being… pic.twitter.com/IUuY0KGkOC — MEXC_EN 🌎 (@MEXC_EN) May 6, 2024 Shark Cat Price Set To Rally Over The Bullish Pennant SCUSD Chart Analysis Source: Dexscreener.com The Shark Cat price soared to an all-time high (ATH) of $0.39 after its launch. The bulls have not been able to reclaim this resistance, as the SC price retraced in April to the $0.04073 support zone. SC has been able to...
Read more