The crypto market has seen several noteworthy developments this month. Notably, the significant price surge of Hedera, the stability of Bitcoin Cash, and the impressive Cold Wallet acquisition.
Hedera (HBAR) Price Surge
The Hedera (HBAR) price surged 40% this week, reaching around $0.26. This increase is backed by real advancements within the project. One reason for the growing interest in Hedera is a recent DeFi report from the U.S., alongside rising stablecoin usage in Australia. Additionally, the tokenized asset deal with Lloyds and Aberdeen has boosted confidence in the project.
Bitcoin Cash (BCH) Price Trends
The price trend of Bitcoin Cash (BCH) has shown significant gains since April, rising from $249 to $608, a jump of 142%. This uptrend was fueled by BCH breaking out of a year-long downturn. However, signs of slowing are emerging, with liquidity inflows decreasing and major transactions waning this week.
Cold Wallet's $270 Million Deal
Cold Wallet made headlines with its acquisition of Plus Wallet for $270 million. This move brought in an established user base, something many new crypto projects strive for. The transition for Plus Wallet users has been smooth, as their balances and settings have remained unchanged.
Current events in the crypto market highlight the significance of both emerging and well-established projects. Hedera (HBAR) demonstrates substantial growth fueled by strong fundamentals, while Bitcoin Cash (BCH) continues to attract investor interest. Meanwhile, Cold Wallet is reshaping its segment with a successful acquisition.
