This article explores the latest trends in the cryptocurrency market, including an analysis of price movements for the Mantle token, DAO elections for Shiba Inu, and the launch of Cold Wallet.
Mantle Breaks Long-Term Trendline
The Mantle (MNT) token has been attracting analyst attention after breaking a long-term bearish trendline. Trading around $0.88 following a 55% rise over the month, it finds support near $0.69–$0.70, while resistance levels are at $0.95–$1.00 and $1.15–$1.30. On-chain data shows daily active addresses up nearly 800% to 145,000, indicating genuine network activity.
Shiba Inu DAO Election Highlights Concentrated Voting Power
The first Shiba Inu DAO presidential election is taking place, using a system that heavily favors large holders. Despite the significance of this governance change, Shiba Inu (SHIB) price action remains subdued, trading near $0.00001225, just below mid-July highs of $0.00001550. Market data suggests muted volume spikes during the election announcement, indicating limited participation from traders. Analysts note that for Shiba Inu (SHIB) price action to turn bullish, a sustained close above $0.00001250 is needed.
Cold Wallet Arrives With 2M Users & a High-Potential Token
Cold Wallet launched with significant momentum, having acquired Plus Wallet for $270 million and bringing over 2 million active users into its ecosystem. From day one, Cold Wallet retained an active audience using an application known for its design and reliability. The CWT token is integrated into everyday wallet functions, offering rewards for transactions. Users benefit from a tiered cashback model, promoting further usage and increasing demand for the token. The current price of CWT is $0.00998, far below the planned launch price of $0.3517.
Mantle (MNT) shows positive market trends, while Shiba Inu (SHIB) faces challenges in governance and price movements. Cold Wallet stands out for its unique starting position with a large user base and functional rewards.
