Cold Wallet recently made a significant leap in the cryptocurrency market with its acquisition of Plus Wallet and a successful presale. Meanwhile, Solana and Cardano are under pressure.
Key Achievements of Cold Wallet
Cold Wallet acquired Plus Wallet for over $270 million, boosting its user base to more than 2 million active users. With a presale of $5.84 million and Stage 17 pricing at $0.00998, Cold Wallet shows impressive growth.
State of Solana and Cardano
Solana (SOL) is showing weakness, nearing a support break at $160, which could lead to a 10% drop. Cardano (ADA) also faces risks, with a potential decline of 25% to $0.53, indicating increasing bearish sentiment among traders.
Impact of Acquisition on Cryptocurrency Market
The acquisition of Plus Wallet provides Cold Wallet with a strategic advantage in the Web3 wallet market, while enhancing its cashback rewards system as well. This update may reshape the competitive landscape, as Cold Wallet offers a unique reward model for users.
Cold Wallet is showing substantial growth against the backdrop of pressure on Solana and Cardano. With an expanding user base and a new rewards model, the company may significantly influence the cryptocurrency market.
