The recent acquisition of Plus Wallet by Cold Wallet for $270 million raises questions about the future of the CWT token and the changing approach to crypto asset usage.
Change in Cold Wallet Approach
Cold Wallet is changing the traditional wallet model by implementing a rewards system through the CWT token. Unlike conventional wallets that merely store assets, Cold Wallet aims to enhance value for users. Following the acquisition of Plus Wallet, which has 2 million active users, transaction volumes are likely to rise, consequently enhancing CWT distribution through the cashback system.
Stellar XLM Price Analysis
Stellar (XLM) is also drawing attention within the community due to its focus on real-world applications. Projections indicate a potential value of about $0.00010 by 2030, underscoring the importance of actual XLM usage for institutional investors. Key factors will include its transaction volume and partnerships in the transaction space.
Deflationary Measures with BONK Token
With the recent burn of 500 billion BONK tokens valued at around $16.7 million, the company is showcasing a deflationary management approach. A portion of funds from the launch will be directed towards buybacks and token removals, thereby reducing supply and potentially increasing prices.
These changes in token management and company strategies highlight the growing importance of effective usage models in the cryptocurrency space, contributing to increased value for holders.
