Current market analysis reveals key support levels for Dogecoin and profit realization issues for Tron, alongside the successful launch of Cold Wallet.
Dogecoin Drop and Support Level at $0.19
Dogecoin has fallen approximately 25% from its July peak and is now retesting an important support level at $0.19, which has historically slowed further declines. Despite this pullback, some traders remain optimistic, pointing to a golden cross as a potential sign that the long-term uptrend remains intact. Technical indicators suggest a rebound may be possible, but if this support fails, further declines could occur.
Tron Investors Realizing Profits
Tron investors locked in $1.4 billion in profits on-chain over the last 24 hours, marking one of the largest sell-offs this year. Glassnode data indicates that most of these profits were from wallets that had acquired TRX between 3 to 5 years ago. Even with this selling, TRX has remained steady around $0.33, demonstrating the market's ability to absorb pressure without major losses.
Cold Wallet’s Earnings Model: Immediate Payments and ROI
Cold Wallet has developed an earnings model that differs from traditional token offerings. The project provides real, immediate benefits for participants through a referral program and cashback from transactions. Referrers earn an additional 10% CWT during the presale, while their invitees receive 5%. This structure encourages engagement and active participation even before the full launch of the project.
The analysis of Dogecoin and Tron underlines the significance of support levels and market resilience, while Cold Wallet stands out with its unique earnings model and user engagement strategies.
