Ethereum News Today: Cold Wallet Presale Hits $6M as Pi Eyes 154% Rally and Tron Nears Key Support

Cold Wallet’s presale has raised over $6 million, with 698 million CWT tokens sold in Stage 17 at $0.00998 per token [1]. The project is aiming for a launch price of $0.3517, which represents a potential 154% increase from the current offering price [1]. The CWT cashback model rewards users for everyday activities like paying gas fees and making swaps, reinforcing long-term engagement by tying utility to tangible returns [1]. The loyalty structure is designed to encourage holding, with tiered cashback rates offering top-tier users up to 100% reimbursement on gas fees [1].

Meanwhile, Pi Network has drawn attention for its bullish technical indicators, including a double-bottom pattern forming around $0.40 and a neckline near $1.66. A breakout above this resistance could lead to a projected 154% price increase [1]. Although trading volume has decreased, the descending wedge pattern suggests a period of consolidation before a potential surge [1]. The price action reinforces a narrative of long-term loyalty, where patient holders can benefit from extended market cycles [1].

Tron (TRX) remains stable despite broader market fluctuations, with its price hovering near $0.346, a key support level [1]. Whale activity has increased by over 1,200%, indicating strategic accumulation ahead of a potential breakout [1]. The asset is currently in an accumulation phase, marked by higher lows and steady movement. A break above $0.42–$0.45 could lead to a push toward $1 [1]. For TRX holders, the current consolidation period is seen as a precursor to larger gains, emphasizing the importance of long-term positioning [1].

The broader crypto market is also seeing renewed interest in Ethereum, as Standard Chartered recently revised its 2028 price target for ETH from $7,500 to $25,000 [2]. The revision is attributed to Ethereum’s dominance in stablecoin transactions and its expanding role in traditional finance integration [2]. Geoff Kendrick, the bank’s head of digital assets research, highlighted the potential for the stablecoin sector to grow eightfold by 2028, which could significantly increase Ethereum’s transaction fees and, in turn, its value [2]. Additionally, institutional analysts predict that Ethereum treasury companies could hold up to 10% of the total supply, supporting long-term demand [2].

Cold Wallet and Pi Network represent contrasting strategies for sustaining user engagement in the crypto space [1]. Cold Wallet embeds loyalty directly into daily usage, while Pi Network leverages strong technical patterns to keep its community anticipating growth [1]. Both models underscore the importance of long-term value creation in a market where post-launch disengagement is a common challenge [1]. As institutional and retail capital continue to seek scalable infrastructure and clear use cases, projects like these are likely to remain in focus [1].

Source:

[1] Cold Wallet Presale Hits $6M as Pi Eyes 154% Rally and Tron TRX Nears $0.346 Support (https://www.ainvest.com/news/cold-wallet-presale-hits-6m-pi-eyes-154-rally-tron-trx-nears-0-346-support-2508/)

[2] Standard Chartered Analysts Just Revised Its $7500 Ethereum Target (https://www.bitcoininsider.org/article/282987/standard-chartered-analysts-just-revised-its-7500-ethereum-target-heres-new)