The cryptocurrency market has experienced significant shifts with the recent debut of Cold Wallet on CoinMarketCap, attracting considerable attention. Meanwhile, Pudgy Penguins faces issues, and Dogecoin shows signs of recovery.
Cold Wallet Debuts on CoinMarketCap
The new project Cold Wallet recently debuted on CoinMarketCap, helping it transition from a watchlist status to serious consideration by crypto analysts and private circles. Following a successful presale, the project raised over $5.7 million, with 682.7 million coins sold at a current price of $0.00942. Given that the launch price was locked in at $0.3517, some traders have begun to consider this as a potentially profitable investment.
Pudgy Penguins Under Pressure from Large Transfers
Pudgy Penguins faced a sharp drop of 6.724% after over 2.1 billion PENGU was sent to exchanges, raising concerns among holders. Further transfers of 150 million PENGU to Binance caused an additional 6.638% decline. The lack of transparent information regarding the reasons for such transfers has led to fears of potential further dumps.
Dogecoin Displays Signs of Strength
Dogecoin is showing signals of a potential recovery, evidenced by hidden bullish divergence on its daily chart. After a quiet period, DOGE remains above the $0.21 support while testing a downward trendline. An increase in trading volume may also signal impending strong upward movement.
While Pudgy Penguins suffers from internal transfer pressures and Dogecoin stands at a crossroads, Cold Wallet exhibits significant success and positive momentum. Cold Wallet's achievements and ongoing improvements signify its relevance in the crypto ecosystem.
