The cryptocurrency market remains under pressure with recent price drops for Solana and mixed forecasts for Shiba Inu. As some projects struggle, others attract attention due to their utility.
Solana (SOL) Price Drop
The price of Solana (SOL) has dropped 5% over the past few days, decreasing to around $183 after reaching a high of $194. Analysts attribute this to profit-taking and general altcoin fatigue. However, support is still holding in the $180–$185 range, and some experts believe that this price decline may open a re-entry opportunity if SOL rebounds above $195 with solid volume.
Shiba Inu (SHIB) Forecast
Recent forecasts for Shiba Inu (SHIB) indicate that the price is staying in a tight range between $0.00001336 and $0.00001425 with the potential for a short-term bounce if it breaks past resistance at $0.00001450. However, there is also a risk of falling back to $0.00001250. Currently, the price fluctuations are attracting traders, but longer-term forecasts vary.
Cold Wallet Overview
The new project Cold Wallet offers users the possibility of earning rewards on every transaction, setting it apart from traditional wallets. Cold Wallet features 150 pre-sale stages with different price levels, starting at $0.00942 per CWT token. This approach focuses on utility rather than speculation, which could attract investor interest in the future.
While Solana is losing some ground and Shiba Inu hovers around its price, Cold Wallet presents an alternative with clear utility and growth potential. These events highlight the importance of diversification and caution in the current cryptocurrency market.
