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Cryptocurrency Analysis: Solana and Chainlink, along with Newcomer Cold Wallet

Cryptocurrency Analysis: Solana and Chainlink, along with Newcomer Cold Wallet

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by Giorgi Kostiuk

3 hours ago


The crypto market shows interest in projects like Solana and Chainlink. They attract attention with their activity and growth, but it's also worth noting the newcomer Cold Wallet, offering unique conditions for users.

Analysis of Solana (SOL)

Solana (SOL) has once again surpassed the $200 mark, indicating growing market confidence. This has occurred amid positive macroeconomic signals, including declining inflation.

Technical analysis shows several bullish indicators: MACD and RSI are on the positive side, and high trading volume confirms this rise.

Current support resides near $190. If this level holds, Solana could target $220 next. Additionally, the strategy of expanding the DeFi ecosystem and NFT activity continues to grow.

Prospects of Chainlink (LINK)

Chainlink (LINK) trading activity suggests a potential breakout pattern. Increasing accumulations by large wallets signal renewed interest in the project. With the current price approaching the resistance level at $25, analysts project a move to $30 if history repeats itself.

The ascending channel structure adds technical weight, while Chainlink's oracle services remain a crucial part of DeFi growth. Indicators like on-balance volume are showing upward divergence, which often precedes larger movements.

Potential of Cold Wallet

Cold Wallet offers a unique approach to cryptocurrencies. Instead of price speculation, the project creates value by rewarding every blockchain interaction. Users can earn cashback on swaps, gas fees, and conversions while maintaining full control over their assets.

This approach is backed by successful sales in the presale phase. Over $6.3 million has been raised, and more than 740 million tokens have been sold. The rewards program is not tied to staking or lockups; simply holding $CWT increases cashback.

Amid the rising trends of Solana and Chainlink, Cold Wallet stands out for its approach to rewarding user activity, which may make it an interesting choice for market participants.

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