July 2023 has been eventful in the crypto world with significant market swings and new platform launches.
Ethena’s Rapid Rise
Cryptocurrency Ethena (ENA) has doubled in value, rising from $0.30 to nearly $0.60. Analysts note that if this momentum continues, $0.80 could be the next key level. However, ENA remains highly volatile, and previous rallies have faded quickly. Nevertheless, for traders seeking short-term gains, ENA stands out amid an otherwise cautious market.
Uniswap Unveils Angstrom
The Uniswap Foundation has announced the launch of Angstrom, a new decentralized exchange designed to eliminate MEV manipulation. Angstrom uses private trading channels and batch auctions to ensure fair trade execution. With $7.5 million in seed funding, the goal is to reduce slippage and prevent front-running, potentially improving trade conditions for users and liquidity providers.
Cold Wallet's Cashback Benefits
Cold Wallet aims to transform how wallets operate by turning every transaction into an earning opportunity. Rather than charging users fees, Cold Wallet returns a portion of those costs in its native $CWT token. The presale is live, with 4 billion tokens across 150 stages, creating incentives for early participants. Each buyer gains access to cashback on gas and swaps, making the platform practical and beneficial for users.
Throughout July, Ethena and Angstrom captured attention with their innovations, but Cold Wallet delivers real utility right now, creating mechanisms for immediate user rewards.
