Prices for Ethereum and Chainlink continue to gain traction in the financial market. Ethereum is steadily rising thanks to significant investments in ETFs, while Chainlink exhibits positive trends and expands its partnership network. The new project Cold Wallet, already attracting over 2 million users, is also under discussion.
Ethereum: Record ETF Inflows
Ethereum is trading at $4,293 after a record $1.02 billion flowed into ETH-linked ETFs in a single day. The bulk came from BlackRock's $640 million purchase. Total ETF inflows have reached $10.8 billion, marking the highest level in two years.
Data indicates that exchange-held ETH has dropped to a nine-year low, suggesting reduced selling pressure. Current technical indicators point to strong momentum with resistance at $4,352 and targets extending to $4,800.
Chainlink: Growth and Partnerships
Chainlink is showing strong performance, with prices breaking through long-held resistance levels. Current trends suggest a 60% potential upside. Recent partnerships, such as with the Intercontinental Exchange, expand access to blockchain data beyond DeFi.
Analysts suggest that if the current momentum continues, LINK could target around $26 in the short term, potentially advancing to $31-32 in the medium term, and $35-36 in the long term.
Cold Wallet: Innovations and Users
Cold Wallet is reshaping crypto launches by starting with over 2 million users, thanks to a $270 million acquisition of Plus Wallet. This substantial user base, coupled with an operational cashback system, makes the current Stage 17 price of $0.00998 appealing for entry into a ready ecosystem.
Since launching at Stage 1, Cold Wallet has shown significant growth, securing $6 million and selling over 700 million tokens. Its advantage lies not only in having a user base prior to launch but also in real functions that generate cashback from each transaction.
While Ethereum and Chainlink continue to show upward trends in their prices and investor interest, the Cold Wallet project offers a unique opportunity at launch with a substantial user base and real utilities already in place. These dynamics highlight how the cryptocurrency market continues to evolve and offer new growth opportunities.
