Ethereum News Today: Cold Wallet Presale Hits $6.4M in Stage 17 Amid Bullish Crypto Cycles

Cold Wallet’s presale has surged to $6.4 million in Stage 17, with each CWT token priced at $0.00998 [1]. This achievement places Cold Wallet in a strong position amid the ongoing bull cycles of Ethereum and Shiba Inu. The project’s rank system, which tracks user engagement from Cold Start to North Star, introduces a unique mechanism that rewards consistent contributions over time, rather than short-term speculation. Unlike traditional platforms that prioritize token holdings, Cold Wallet’s system highlights actions such as referrals and active participation, creating a more transparent and merit-based status framework [1].

The success of the presale, coupled with a planned launch price of $0.3517, underscores the project’s appeal to investors seeking long-term value beyond speculative hype [1]. This model aligns with a broader industry shift toward credibility and on-chain engagement, as seen in Ethereum’s recent whale transfers and Shiba Inu’s gradual price recovery [1]. While both projects show signs of resilience, they remain under closer scrutiny for potential volatility.

Shiba Inu (SHIB) is currently trading at $0.00001244, and recent data indicates a rise in token velocity, signaling increased movement between wallets. This behavior has historically preceded price declines and raises concerns about SHIB’s stability [2]. Technical indicators, including the Moving Average Convergence Divergence (MACD), have crossed into bearish territory, suggesting stronger selling pressure. However, the signal is weakening, a common feature during periods of high volatility [2].

A key support level at $0.00001252 is critical for SHIB. If the price falls below this level, it could move toward $0.00001182, leading to a period of consolidation. On the other hand, a successful rebound could push SHIB back to $0.00001393, potentially invalidating the bearish trend and attracting renewed buying interest [2]. Traders are closely monitoring order book data and liquidation clusters to gauge whether this support holds. The Parabolic SAR also supports a bearish outlook, aligning with increased selling pressure and a weakening MACD signal [2].

In contrast, Cold Wallet’s performance illustrates a more structured and strategic approach to value creation. By focusing on user engagement and long-term credibility, the project differentiates itself from many altcoins currently navigating uncertain market conditions. With $6.4 million raised, Cold Wallet’s presale success indicates strong investor confidence and positions the project as a potential leader in the 2025 crypto market [1]. As Ethereum and Shiba Inu remain under watch for potential rallies, Cold Wallet’s forward-looking model offers a compelling alternative for investors seeking more sustainable growth.

Source:

[1] Cold Wallet Raises $6.35M in Stage 17 Presale ...

https://www.bitcoininsider.org/article/283879/cold-wallet-raises-635m-stage-17-presale-outshining-cardano-market-forecast-pepe

[2] Shiba Inu circulation spikes, bearish signals emerge with rising token velocity

https://www.bitcoininsider.org/article/283831/shiba-inu-circulation-spikes-bearish-signals-emerge-rising-token-velocity