Recent developments in the cryptocurrency market have captured the attention of analysts and users alike. Changes in the prices of Shiba Inu and Ethereum, alongside the development of Cold Wallet, create interesting investment conditions.
Shiba Inu Burn Surge
This week, the burn rate of Shiba Inu (SHIB) surged by 112,000%, leading to the removal of approximately 116 million tokens from circulation. Despite this, the price remains around $0.0000119, down about 2% over the past week. On-chain data shows SHIB is still above a key support level near $0.000012, indicating potential upward movement if the price breaks out to $0.000016.
Ethereum Predictions
Ethereum (ETH) is currently around $2,507, its lowest point after failing to hold within the $2,740–$2,760 resistance area. The recent correction has pushed prices below key moving averages, with indicators like RSI and MACD signaling oversold conditions. The current range between $2,490 and $2,550 is critical: a breakout above could lead to a rebound towards $2,674–$2,730, while a drop below $2,440 may open the doors to deeper declines.
Cold Wallet Features
Cold Wallet (CWT) is gaining traction due to its real-world utility. Users can send and receive cryptocurrency through a chat-like interface, manage assets across multiple blockchains, and enjoy complete privacy. Currently in its 14th stage of presale, Cold Wallet's token is priced at just $0.00906, significantly below its projected launch price of $0.35.
The cryptocurrency market shows significant volatility, creating both opportunities and risks for investors. Attention to the burn rate of Shiba Inu and resistance of Ethereum could help evaluate the future prospects of these assets. Cold Wallet offers real solutions for users, making it an interesting project to watch.
