Recent changes in the cryptocurrency market have led to a sharp drop in Ethereum's price, while XRP shows positive prospects, and Cold Wallet attracts attention with its growing user base.
Ethereum's Price Drop
Ethereum's price (ETH) has sharply fallen from $3,600 to just below $3,300, which has led to billions in losses. This event highlights that even the largest networks face difficulties, especially amidst significant market events like ETF discussions and changes in investor sentiment.
XRP Strengthens After Market Reset
A recent $2.4 billion leverage flush around XRP brings new interest in the asset. A decrease in open interest is creating conditions for a possible price increase. XRP continues to develop cross-border payment tools and increases partnerships in the banking sector. Charts show signs of a push above $0.75, which may lead to a rise towards $1.10.
Cold Wallet Expands and Future Goals
Cold Wallet continues to grow, recently securing a $270 million deal to acquire Plus Wallet, increasing its user base to over 2 million. This deal creates a full platform focused on a rewards system and secure storage. Cold Wallet now offers cashback and other opportunities for users, generating rising interest in the project.
The market situation may appear concerning for Ethereum, but alongside XRP's prospects and the growth of Cold Wallet, a new dynamic may emerge that shapes the future of the market.
