The current situation in the cryptocurrency market reveals conflicting trends as TRON and Monero face different challenges, while Cold Wallet aims to establish its presence.
Current Trends for TRON
TRON (TRX) is at a critical level of $0.347, where traders await either a quick bounce or a 7% drop. Holding this level may be crucial for future market movements.
Monero's Issues and Their Impact
Monero (XMR) has lost about 17% over the past week, primarily due to concerns regarding Qubic Mining's control over network hashrate, raising questions about Monero's security. If the situation doesn't improve, it could negatively affect the price.
Cold Wallet's Strategy and Prospects
Cold Wallet is developing a long-term strategy by redirecting user fees into a revenue cycle. With the acquisition of Plus Wallet, Cold Wallet already has over 2 million active users before its launch, laying the groundwork for a successful ecosystem.
The current trends present a forecast for how Monero and TRON will behave amid the growth of Cold Wallet. It will be interesting to see if this new player can gain an upper hand in the light of market instability.
