The crypto market is experiencing a surge in meme-based cryptocurrencies, propelled by the launch of $PEPE. While this new memetic category isn’t slowing down soon, several coins like Uwerx (WERX), Dogecoin (DOGE), and Uniswap (UNI) can tap into the hype.
Let’s see how these tokens can benefit from the meme frenzy and why traders are looking forward to Uwerx’s alpha launch.
Dogecoin (DOGE): The Memetic Shiba Inu Token
Dogecoin (DOGE), initially created as a meme coin to reward community engagement, has surpassed expectations and gained a dedicated following. In 2021, Dogecoin experienced a significant rally, reaching its all-time high. The support of influential figure Elon Musk and the backing of online communities and social media trends largely influenced this surge.
In April 2023, Musk ignited market activity surrounding DOGE by briefly replacing the Twitter logo with the DOGE avatar. Dogecoin increased from $0.076 to $0.101 as a result, and trading volume skyrocketed by a staggering 544%. Its market cap also saw a notable rise of 25.93%.
Despite a minor 25% decrease in 24-hour trading volume at the time of writing, Dogecoin maintains a substantial trading volume of over $200 million. Its growing use as a medium of exchange has contributed to its sustained popularity.
Uniswap (UNI): Democratizing Decentralized Exchanges
Uniswap (UNI) has emerged as a leading decentralized exchange (DEX) protocol, enabling users to trade cryptocurrencies securely and permissionlessly. Investors seeking to trade meme tokens like PEPE have increased Uniswap usage. Since its release in April, the value of the meme coin PEPE has risen by more than 2,100%.
According to Nansen’s research, many trades have been made in the PEPE-WETH liquidity pools on Uniswap v2 and v3. The v2 pool saw 82,750 transactions in the past week, while the v3 pool saw 72,950. During this period, these two liquidity pools have produced fees of around $900,000. Accrued costs were greater in the USDC-WETH and WETH-WETH liquidity pools.
If the present crypto memes trend continues, Pepe tokens may rise in price due to their rising popularity and demand. Online communities and the popularity of social media platforms propel the growth of PEPE’s Uniswap liquidity pools.
Uwerx (WERX): Disrupting the Freelancing Landscape
Uwerx is a project that wants to change how freelancing works using blockchain technology. As the gig economy is expected to be valued at $455 billion by 2023, Uwerx aims to challenge traditional platforms like Upwork by charging a fee of just 1%.
Investor interest in WERX is expected to rise on May 19th, when a preview of Uwerx’s upcoming Alpha version will be made public. The platform has also launched innovative updates like the Uwerx Vault and plans to run a test airdrop soon. It has also passed audits by SolidProof and InterFi Network, further showcasing its viability.
While in presale phase four, Uwerx has exceeded investors’ expectations, necessitating the need to optimize token allocation. The team increased the presale token supply to 427.5 million (57%), with the price increasing from $0.005 to $0.0225. Experts suggest that the token price will increase to $1 in Q3 2023.
Uwerx is currently offering a 20% discount for early investors. However, a price increase and bonus reduction are imminent. Now is the best time to get into an exciting project before it hits the mainstream.