Cold Wallet has recently debuted on CoinMarketCap, attracting attention due to its functionality and a new cashback mechanism. Meanwhile, various influencing factors around Ethereum and Uniswap create a dynamic market picture.
Cold Wallet's CoinMarketCap Debut
Cold Wallet successfully completed the $270 million acquisition of Plus Wallet, which helped expand its user base by 2 million. The presale of Cold Wallet attracted attention, raising $5.6 million and selling 682.7 million tokens. Unlike many projects, Cold Wallet offers a working product that already benefits users through cashback for various transactions, such as swaps and gas fees.
Uniswap's Current Status
Uniswap's recent 6% decline raised questions about its future. The current support level stands at $10.30, and resistance is at $11.60. To avoid further declines, it is important for UNI to remain above $10.60, which could lead to a rebound. Activity around Uniswap remains stable, with trading volumes above $77 million.
Ethereum's Prospects
Ethereum is showcasing interest from large holders who are withdrawing ETH from exchanges and directing it into their wallets, thereby tightening asset availability. Some experts predict Ethereum could reach $8,500 by 2025, driven by growing interest from institutional investors and ETFs. As ETH accumulates and technical formations develop, the market sentiment continues to shift.
Cold Wallet stands out with its debut on CoinMarketCap and practical applications amidst the volatility of other cryptocurrencies. While Uniswap and Ethereum remain subject to speculation, Cold Wallet focuses on solutions that are already operational.
