In August, activity in the cryptocurrency market is picking up again. Many are asking which cryptocurrencies are worth considering for purchase right now. We examine the actions of several significant projects.
Cold Wallet: Rewards for Use
Cold Wallet offers users a unique opportunity to earn rewards for their transactions. Each swap or gas payment allows users to earn CWT tokens. The CWT balance increases as the wallet is used, ultimately enabling users to achieve up to 100% cashback on gas fees. 25% of the total token supply is set aside for user incentives. This offer aims to encourage active use of the wallet.
Ethereum: Price Increase Amid ETF
Ethereum has once again taken center stage due to active capital influx through ETFs. On August 25, the price of ETH reached $3,705, but by August 28 it had surged to $3,864. A total of more than $1.8 billion was injected from newly approved ETFs, which also contributed to the addition of new large addresses holding over 10,000 ETH each. This strengthens Ethereum's status as a key platform for DeFi and application development.
Hyperliquid and Hedera: Rapid Development and Application
Hyperliquid ($HYPE) is showing growth due to its speed and performance in cryptocurrency derivatives trading. Since August 25, its daily trading volume has averaged around $1.2 billion. Meanwhile, Hbar from Hedera continues to grow through real-world partnerships and business applications. As of August 28, the price rose to $0.086 with over 50 billion transactions and 35 million active HBAR accounts.
This month, Ethereum, Hyperliquid, and Hedera are showing stable growth, but Cold Wallet stands out with its unique reward system. Each project has its own characteristics and advantages in the cryptocurrency market.
