Cardano and Ethena Rally as Cold Wallet Presale Hits 1,000x Gains Potential

Cardano (ADA) and Ethena (ENA) are experiencing notable gains, with ADA showing signs of a potential breakout above $0.85 and ENA surging over 37% in the past week due to strong whale accumulation and increasing TVL. Meanwhile, Cold Wallet, a project offering a unique utility-driven model, has drawn attention as its token, CWT, trades at $0.00942 during stage 16 of its presale, offering potential 1,000x returns if it reaches the projected listing price of $0.3517. With over 683 million of the 4 billion presale coins sold, early buyers benefit from a lower entry point, while the total supply remains capped at 10 billion tokens[1].

Cold Wallet’s model rewards users with CWT for everyday blockchain activities such as swaps, gas fees, and fiat conversions. Unlike traditional platforms that charge for these services, Cold Wallet provides cashback-style returns, enhancing user utility without the need for staking or locking tokens. Advanced users are already receiving full gas rebates and partial swap rebates, features that position Cold Wallet differently from many so-called top altcoins to buy now. The reward system is controlled via a halving model, ensuring sustainability and increasing value for early adopters as user activity grows[2].

ADA’s technical indicators suggest a possible move above $0.85, supported by a consolidation above key EMAs and RSI levels. A successful breakout could lead to a range between $0.94 and $1.17, with long-term targets potentially reaching $1.80. This optimism is fueled by strong on-chain accumulation, ETF rumors, and increased DeFi usage. Ethena’s momentum is similarly strong, with institutional backing, a 40% rise in TVL to over $7.7 billion, and a Golden Cross signaling bullish sentiment. The token has stabilized around $0.60 after reaching $0.70, with a potential breakout above $0.7982 offering further upside[3].

Cold Wallet distinguishes itself by focusing on user utility and daily returns. With a controlled cashback program and a rapidly growing user base, the project has raised over $5.7 million in its presale. Analysts suggest that as demand increases, CWT could reach $2, making the current entry point highly attractive. However, limited supply and a staged price increase mean that waiting to enter could significantly raise the cost for the same utility. As the market continues to evolve, projects that prioritize user value over speculative hype may offer more sustainable returns[4].

[1] Cardano & Ethena Rally, While Cold Wallet at $0.00942 Shows 1000x Gains https://coinmarketcap.com/community/articles/6892aa3378a0a67c8267a61a/