Cryptocurrencies Dogecoin and Cardano are showing opposite trends in market uncertainty, while Cold Wallet is advancing through a significant deal.
Dogecoin Price Drop
Dogecoin (DOGE) has dropped 5% in the last 24 hours, falling below the $0.201 mark. The main reason for the sell-off was a surge in trading volume, which reached over 878 million, three times the averages. The price drop pushed it down to $0.1985, and if buying interest does not return, the next support level could be $0.185.
Cardano Update: $0.76 Resistance in Focus
Cardano (ADA) has shown an 8.8% rise, climbing to around $0.74. The current resistance levels are in the range of $0.74 to $0.76, which has held the price for a long time. A breakout above this level could open the path to $0.80, while a failure here may pull the price back toward $0.685.
Cold Wallet's $270M Acquisition Explained
Cold Wallet's acquisition of Plus Wallet for $270 million has significantly increased the number of active users on the platform by over 2 million. This deal has allowed Cold Wallet to integrate Plus Wallet's proven interfaces, enhancing their rewards model and providing self-custody opportunities.
The cryptocurrency market shows uncertainty: Dogecoin continues to decline, while Cardano shows signs of recovery. Meanwhile, Cold Wallet strengthens its market position through strategic acquisition.
