The cryptocurrency market continues to show volatility, but certain projects like Cold Wallet are advancing with real utility and mass user acquisition. This article reviews the current state of Uniswap and Ethereum, as well as the features of Cold Wallet.
Uniswap's Dip and Its Consequences
The recent 6% drop in Uniswap from $11.19 to $10.36 surprised some traders. However, this could be a temporary deviation, as the overall trend remains bullish. UNI is trading above the 200-day simple moving average of $7.79, indicating a balanced momentum. Trading volume continues to remain high at over $77 million, signaling ongoing interest from traders. Support is around $10.30, while resistance is near $11.60.
Ethereum Price Predictions
Technical and on-chain signals for Ethereum indicate growth as institutions are moving ETH into cold storage, reducing exchange supply. Staking activity is also increasing, reflecting long-term commitment. Price forecasts for Ethereum exceed $4,500, with potential targets ranging from $6,000 to $8,500 by 2025.
Cold Wallet: Real Utility and Market Significance
Cold Wallet, recently listed on CoinMarketCap, demonstrates unique approaches by offering cashback mechanisms for users. The project completed a $270 million acquisition of Plus Wallet, resulting in an increase of over 2 million users. Currently, the Cold Wallet token (CWT) is in the presale stage, priced at $0.00942, compared to a confirmed launch price of $0.3517. This creates a significant value gap that may attract trader attention.
The cryptocurrency market continues to evolve, and projects with real utility, such as Cold Wallet, are becoming increasingly significant. The price drops of Uniswap and the forecasts for Ethereum underscore the importance of true value beyond speculation.
