The crypto market shows a split between projects attempting to maintain investor interest and those building long-term value. An analysis of the current situation indicates that Chainlink and Shiba Inu face difficulties, while Cold Wallet continues to evolve.
Bearish Sentiment on Chainlink
Recent analysis shows that bearish sentiment around Chainlink negatively impacts short-term prospects. The current token price is near the $16.10 support level, and the market is taking a more cautious stance. Traders are opening short positions, anticipating further declines. This situation arose after a failure to break out of consolidation levels that had been established over the past month.
Challenges Facing Shiba Inu
Sentiment around Shiba Inu has also deteriorated after recent declines, signaling potential further downside. Analysts note waning bullish momentum and a lack of strong buyer interest, which increases the risk of prolonging the current pullback phase. Market data confirms weakening demand at support levels, raising the probability of further retracement.
Cold Wallet: A New Model for Investors
Cold Wallet represents a different strategy. The project focuses not on short-term speculation but on creating a long-term ecosystem where users earn rewards for everyday crypto transactions. The $CWT token allows cashback on transactions, which enhances user engagement and overcomes key barriers to DeFi adoption. To date, Cold Wallet has raised $5.9 million in its presale, and its unique model may attract investor attention.
Current trends in the crypto market indicate that projects based on speculation face challenges. While Chainlink and Shiba Inu may experience slowdowns, Cold Wallet demonstrates the potential to create sustainable value for users. These trends emphasize the importance of selecting projects with long-term utility.
