The cryptocurrency market remains a subject of keen interest for investors and analysts. This overview highlights three key aspects: Chainlink's rise, Shiba Inu's decline, and Cold Wallet's new approach to self-custody.
Chainlink Price Surge
Chainlink has shown significant growth, increasing over 135% since June. This is attributed to large purchases by major holders, who acquired over 1.1 million LINK. Supply of tokens is shrinking, creating scarcity and driving growth. Currently, about 44% of LINK's supply is held by large investors, which also boosts user activity.
Shiba Inu Price Drop
Shiba Inu faces negative trends, with its price dropping by 3.65%. Data indicates a dominance of short positions. Key indicators point to a bearish trend: SHIB trades below critical levels, and trading volume is declining. The current situation raises doubts about Shiba Inu's ability to regain lost ground.
Cold Wallet Redefining Self-Custody
Cold Wallet offers an innovative approach to self-custody, enabling users to manage their private keys while integrating a cashback system for transactions. The presale's momentum highlights how users can benefit from engaging with the platform. Future plans include scaling and improving user experiences, making Cold Wallet a notable player in the cryptocurrency market.
Amid current market conditions, Chainlink shows consistent growth, while Shiba Inu faces challenges. Cold Wallet introduces a new perspective on cryptocurrencies, providing users with profitable asset management solutions.
