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Current Status of the Cryptocurrency Market: Cold Wallet, XRP, and Avalanche

Current Status of the Cryptocurrency Market: Cold Wallet, XRP, and Avalanche

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by Giorgi Kostiuk

5 hours ago


The cryptocurrency world is witnessing diverse trends, from practical product usage to pressure on traditional tokens. This article examines three key players: Cold Wallet, XRP, and Avalanche.

Cold Wallet: Practical Use and Rewards

Cold Wallet offers practical value by paying users rewards in USDT through its self-custody app. This model reduces speculation by providing users with real income for each swap and referral. The project also involves $CWT tokens, creating long-term incentives for its holders. To date, Cold Wallet has raised over $6.35 million through its presale, pricing tokens at $0.00998.

XRP Overview: Pressure and Support Movement

XRP continues to face pressure, slipping nearly 5% towards the $3.00 support level amid U.S. economic data. Technical analysis shows the RSI at neutral levels while the MACD remains bearish. This emphasizes the need to monitor real economic indicators and technical thresholds.

Avalanche: Technical Patterns and Network Growth

Avalanche is exhibiting a stable technical model, with a W-bottom structure between $14 and $18. The current price of $24 approaches resistance in the $25-30 range, where the 50-day and 100-day moving averages converge. A breakout of this level could lead to a rise towards $45-50, with a long-term target of $65-75. Data shows stablecoin usage on the platform has surged 715% over the past month, strengthening interest in the network.

Cold Wallet provides real utility and a rewards system that sets it apart from other cryptocurrencies like XRP and Avalanche, which are still facing their own market challenges.

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Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.