The cryptocurrency market continues to show activity, with three notable players on stage: Ethena, PENGU, and Cold Wallet.
Ethena's 150% Surge and $10 Billion TVL
Ethena (ENA) has shown an impressive 150% increase over the past month, with 40% occurring this week. The Total Value Locked (TVL) has surpassed $10 billion, driven by its rapidly growing stablecoin USDe, which now stands among the top three globally by market size. Analysts highlight a bullish golden cross pattern that may signal further upside.
PENGU on the Horizon of Breakout
The price of Pudgy Penguins (PENGU) has risen and is now around $0.0376. Trading volume has increased by 17.5%, indicating growing activity. Chart watchers see a flag-and-pole setup that could lead to a possible 100% breakout. A key driver is Nasdaq-listed BTCS Inc. adding Pudgy Penguins tokens to its treasury, reinforcing confidence in PENGU.
Cold Wallet: Successful Presale and 730 Million Coins Sold
Cold Wallet is demonstrating strong demand, having sold over 730 million coins in its presale. Currently, Stage 17 has a price of $0.00998, and the project has already raised more than $6.13 million. Gaining over 2 million active users following the Plus Wallet acquisition also provides a base for supporting the platform. The cashback model introduced by Cold Wallet allows users to earn rewards for transactions.
Currently, Ethena is showing significant growth and technical resilience. PENGU is on the verge of a potential breakout due to rising trading volumes, while Cold Wallet offers interesting opportunities for further growth with a successful presale and an active user base. The crypto market remains dynamic and full of potential.
