The crypto market is experiencing significant events affecting its current condition, particularly focusing on Shiba Inu, Ethereum, and Cold Wallet.
Shiba Inu Burn Surge
The burn of Shiba Inu (SHIB) tokens has surged by 112,000% over the past week, removing approximately 116 million tokens from circulation. Despite this spike, SHIB remains priced around $0.0000119, down about 2% over the week. Data indicates SHIB is holding just above a crucial support line near $0.000012, with a potential breakout at $0.000016 leading to gains.
Ethereum Support and Possible Volatility
Ethereum (ETH) has fallen to $2,507, marking its lowest point since it failed to maintain above $2,740-$2,760. This pullback has sent ETH below significant moving averages. Indicators like RSI and MACD now show oversold signs. The range between $2,490 and $2,550 is crucial: a move higher could lead to $2,674 or even $2,730, while a drop below $2,440 may result in further losses.
Cold Wallet: Successful Launch and Prospects
Cold Wallet is gaining traction due to its practical features, allowing users to send cryptocurrency via a user-friendly interface, track their portfolio, and manage assets across multiple blockchains. Currently, the CWT token presale is at stage 14, priced at $0.00906, with an anticipated launch price of $0.35, indicating a significant potential for growth.
The crypto market is at a stage of great changes with ongoing events associated with Shiba Inu and Ethereum. Cold Wallet stands out due to its real features and rising user interest.
