The cryptocurrency market is experiencing active changes: Litecoin has reached a new peak, while Hedera faced a sharp decline. Meanwhile, Cold Wallet is confidently moving towards significant achievements.
Litecoin Price Surge Hits Five-Month High
Litecoin (LTC) price surged to a five-month peak of $128.40, propelled by ETF speculation and a significant purchase by MEI Pharma. Over a 24-hour period, Litecoin rose by 5.8%, gaining 12.3% over the week and 41% for the month. Its market cap now stands at $9.4 billion.
Analysts link MEI Pharma's $100 million private placement to its plan to act as a Litecoin treasury company, seen as a key driver of Litecoin's price increase.
Negative Hedera Outlook After Sharp Decline
The price outlook for Hedera (HBAR) turned negative after a 20% fall from July 23 to August 3. Technical indicators such as a declining MACD, RSI, and weak CMF point to strong selling pressure. The drop below the 20-day EMA on August 1 adds bearish weight to the short-term trend. Currently, HBAR trades around $0.2491, just under the 20-day EMA at $0.2446. While there may be potential for recovery with rising TVL and ETF discussions, the market mood remains muted.
Cold Wallet: Pre-sale Achievements and User Engagement
Cold Wallet ($CWT) is emerging as a trending crypto name of 2025, driven by real results rather than hype. The price shifted from $0.007 to $0.00998 in Stage 17, with the launch price fixed at $0.3517. Nearly $6 million raised showcases real momentum.
One unique aspect of Cold Wallet is its launch method; it acquired Plus Wallet for $270 million, instantly bringing in over two million users.
The current cryptocurrency market changes, including Litecoin's rise and Hedera's fall, highlight the volatility of the situation. Cold Wallet, with its successes and active users, represents an interesting case among the latest trends.
