Pre-sale achievements marked by WeWake (WAKE) in July, coinciding with a pause in Ethereum's (ETH) progression

Pre-sale achievements marked by WeWake (WAKE) in July, coinciding with a pause in Ethereum's (ETH) progression

In the world of cryptocurrency, two significant developments are unfolding. On one hand, the ongoing presale for the WeWake (WAKE) token is gathering pace, with strong investor interest and a planned public listing on the horizon. On the other hand, Ethereum, the second-largest cryptocurrency by market capitalization, is showing signs of consolidation.

Presale Progress

The WeWake presale is currently in Stage 3, with the WAKE token priced at around $0.0130. This stage has seen an influx of investors, raising over $130,000 in a few days, nearing its cap for this round. Early buyers are anticipating a potential 1300%+ return on investment upon the token's public listing, which is expected at about $0.15 per WAKE token[1][4].

WeWake is a Layer 2 blockchain designed for mass Web3 adoption by eliminating traditional barriers like gas fees and wallet complexity. Instead, it uses walletless, gasless transactions accessible via social logins such as Google, Apple, or Telegram. This approach aims to simplify user onboarding and interactions with NFTs, token swaps, payments, and decentralized finance features[1][2][3].

Mainnet Release

While no exact date for the mainnet release is available, the project’s current focus is on a successful presale and community building, indicating the mainnet launch is forthcoming but not yet publicized[1-4].

Ethereum's Position

Ethereum, on the other hand, remains above its 100-day and 200-day moving averages, which are around $2,500. However, it has failed to break past key resistance levels, and the price is consolidating between $3,500 and $3,800. Analysts predict that if Ethereum does not close above $3,800 soon, a potential pullback towards $3,300 may occur[2].

The 4-hour chart shows bearish divergence between price and RSI, suggesting weakening momentum in Ethereum. Upper wicks near $3,800 suggest ongoing selling pressure[2].

WeWake's Unique Features

WeWake uses smart contract wallets through ERC-4337 and manages gas fees through a built-in Paymaster system. This means that users can perform actions like swaps or NFT mints without needing to buy ETH first. Developers can also integrate WeWake using a software development kit (SDK), which supports simplified onboarding in dApps[1][2].

The token will be used for governance, staking, activity rewards, and integration access. WeWake supports various use cases such as DeFi apps, NFT mints, social bots, and Web2 service integrations[1][2].

As the crypto landscape continues to evolve, projects like WeWake are gaining traction as they aim to remove barriers for new users. The success of the WeWake presale and the consolidation of Ethereum serve as reminders of the ongoing growth and innovation in the cryptocurrency space.

[1] https://www.wewake.io/ [2] https://www.coindesk.com/ [3] https://decrypt.co/ [4] https://coinmarketcap.com/

1. The WeWake token, currently priced at around $0.0130 during Stage 3 of its presale, is attracting a significant number of investors, aiming for a potential 1300%+ return upon its public listing.
2. WeWake, a Layer 2 blockchain, eliminates traditional barriers like gas fees and wallet complexity, using walletless, gasless transactions with social logins.
3. With its mainnet release not yet publicized, the WeWake project is currently focused on a successful presale and community building.
4. Ethereum, the second-largest cryptocurrency by market capitalization, is consolidating above its 100-day and 200-day moving averages, but has failed to break past key resistance levels.
5. If Ethereum does not close above $3,800 soon, a potential pullback towards $3,300 may occur, according to analyst predictions.
6. The WeWake token will be used for governance, staking, activity rewards, and integration access, supporting various use cases like DeFi apps, NFT mints, social bots, and Web2 service integrations.
7. The WeWake team has implemented smart contract wallets through ERC-4337, managing gas fees through a built-in Paymaster system.
8. Developers can integrate WeWake into dApps using a software development kit (SDK), which supports simplified onboarding in dApps.
9. The ongoing success of the WeWake presale is a testament to the growing interest in cryptocurrency projects that aim to remove barriers for new users.
10. The crypto landscape is evolving with ongoing innovation, as demonstrated by the latest developments in blockchain technology, smart contracts, DeFi, NFTs, and trading platforms like Ethereum and WeWake, as well as new initiatives such as Bitcoin layer 2 solutions.

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