Solana News Today: Cold Wallet CWT Surpasses Altcoins With 285x Gains Amid XLM and SOL Volatility

Cold Wallet ($CWT) is emerging as a compelling alternative to traditional “Bullish Altcoins” amid ongoing price fluctuations in Stellar (XLM) and Solana (SOL). While XLM and SOL are trading within key technical levels, CWT is drawing attention for its unique cashback-driven model, which rewards users for real-world crypto usage [1].

XLM’s recent price action reflects a consolidation phase after a 75% surge in July. The coin is currently testing the $0.44 support level, a critical threshold for maintaining bullish sentiment. Analysts indicate that a breakdown below $0.44 could lead to further correction toward $0.40 or $0.33. While some AI models suggest a $0.472–$0.52 trading range through the end of the month, the RSI has cooled, and the bull flag pattern has weakened [1]. Longer-term forecasts, including those from trader Peter Brandt, suggest potential for $1.51, but near-term volatility remains a risk [1].

Meanwhile, SOL has shown robust momentum following its July breakout past $200. Institutional activity, including Upexi’s expansion of its SOL holdings to $330 million, adds weight to bullish expectations. The coin is currently consolidating above $185–188, with $220 as the next target and $240 as a longer-term projection. Layer-1 upgrades and improved compute capacity are also supporting sentiment [1]. However, a drop below $180 could trigger a pullback to $175–170 [1].

Cold Wallet, in contrast, is not relying on market cycles to drive value. Its model rewards users for everyday crypto activity—gas fees, swaps, and fiat on-ramps—with returns powered by the CWT token. The wallet is also planning to implement gasless reward delivery through smart contracts and potential Layer 2 solutions [1]. This infrastructure-based approach sets CWT apart from traditional reward mechanisms.

Tokenomics are designed to create scarcity and long-term value. With a total supply of 10 billion CWT, 4 billion are allocated to presale, and 25% reserved for long-term rewards. A halving schedule will reduce reward rates over time, aligning with increased usage and scarcity. The current presale price of $0.00924 is seen as a potential gateway to significant gains, with early entrants receiving more CWT for the same spend [1].

While XLM and SOL remain within familiar trading ranges, Cold Wallet is positioning itself as a forward-looking infrastructure play. Its cashback model is usage-driven, not dependent on speculative hype. By focusing on real utility and scalable rewards, CWT aims to build lasting value rather than capitalizing on short-term market action [1].

Source: [1] Solana Price Eyes $220 & Stellar Holds $0.44 But Cold Wallet’s $0.00924 Entry Yield 285x Gains (https://cryptofrontnews.com/solana-price-eyes-220-stellar-holds-0-44-but-cold-wallets-0-00924-entry-yield-285x-gains/)