Bitcoin's price fell to $113,000 after failing to break through $116,000. This event impacted the general downturn in the crypto market.
Overall Market Situation
Bitcoin could not hold above $116,000, dropping to $113,000. This move followed a brief recovery attempt that was cut short by market uncertainty. Most large assets, including XRP, Solana, and Toncoin, also reported losses. Pi Network, after a period of stability, saw another dip. Among the day's biggest losers were BONK and PENGU, which recorded significant declines.
Analysis of WeWake and WAKE Token
The WeWake project continues to attract attention amid the market downturn, successfully completing Stage 7 of its token presale by raising over $550,000 out of a $560,000 goal. The current price of the WAKE token is $0.0190, with plans to increase to $0.0205 in the next stage. The platform's structure aims to simplify blockchain access without the need for wallet management and related complexities through the use of social login features and automated smart wallets.
Future of WeWake Amid Market Uncertainty
Despite the overall market decline, WeWake shows signs of resilience. Its model focuses on real usage and simplified access to apps, attracting user and developer interest. The total supply of WAKE tokens is set at 308,726,951, with 32% allocated for presale. Thoughts about the upcoming completion of Stage 7 raise questions about the project's future prospects.
With the completion of Stage 7, WeWake may achieve its funding goals while maintaining positions amid the overall market slump. The project stands out through early buyer interest.
