Currently, Ethereum is nearing an important psychological milestone of $4,000, while Tron faces a period of profit realization. Meanwhile, Cold Wallet demonstrates significant growth due to its successful presale.
Tron Market Overview: $1.4B Profit-Taking Causes Slowdown
Tron’s (TRX) market is undergoing changes after on-chain data revealed that long-term holders secured roughly $1.4B in profits this year. Most of these coins were accumulated between 2020 and 2021, and recent gains prompted owners to sell their assets.
This wave of selling has slowed recent growth, despite TRX maintaining strong positions in areas like stablecoin transfers and DeFi.
Ethereum's Path to the $4K Target
Ethereum (ETH) is striving for new heights, targeting the $4,000–4,050 range after successfully breaking past the $3,900 mark. This is attributed to constant inflows into ETH-linked treasuries and ETFs.
Through ETFs led by BlackRock, demand for ETH has strengthened buying momentum. Analysts point to $3,840 as a critical support level that could sustain the bullish narrative.
Cold Wallet: $270M Deal Boosts Early Demand
Cold Wallet completed a $270M acquisition of Plus Wallet, allowing it to instantly pull in 2 million active users into its ecosystem. This move has provided a significant market entry advantage from day one.
Currently, Cold Wallet is on stage 17 of its presale, having raised over $5.85M at a price of $0.00998 per token.
In summary, Tron is experiencing active profit-taking, while Ethereum continues to show a bullish outlook. Cold Wallet stands out among other projects due to its successful growth and substantial audience, which could give it an edge in a competitive market.
