The cryptocurrency market is showing interesting trends, with Ethereum steadily above $4,700 and Litecoin continuing its upward trend.
Ethereum Holds Above $4,700
Ethereum's price today stands at $4,700, reflecting over a 50% growth in the past month. Rising institutional demand and record ETF inflows contribute to this price surging. Currently, Ethereum ETFs have reached a record inflow of $1 billion in a single day, indicating increasing market confidence.
Litecoin Aiming for $154
Litecoin has surged over 110% year-over-year, including an 11% jump in just 24 hours. Analysts are highlighting the potential of reaching the $154 price level, driven by an ascending channel observed on the charts. However, concerns linger about whether this indicates sustained demand or a potential setup for a correction.
Cold Wallet Gains Investor Attention
Cold Wallet has raised $6 million in Stage 17, gaining over 2 million active users following the acquisition of Plus Wallet. The project offers an automatic fee refund model to its users, enhancing its seamless integration into daily use. Cold Wallet is currently priced at $0.00998, with a projected ROI of 3,400% upon a confirmed listing.
The growth of Ethereum and Litecoin is capturing investor interest, amidst record highs in the cryptocurrency space. Cold Wallet, along with these currencies, demonstrates remarkable performance in light of these increasing trends.
