Solana News Today: Cold Wallet's CWT Surpasses XRP, Solana, and DOGE in August Gains

The cryptocurrency market has seen significant volatility in early August, with Bitcoin and Ethereum showing mixed performances and altcoins taking center stage. Among the most notable developments are movements in XRP, Solana, Dogecoin, and the emergence of Cold Wallet as a utility-driven token. These projects are gaining attention for different reasons—technical upgrades, institutional adoption, and, in the case of Cold Wallet, a novel model that rewards user activity.

Cold Wallet’s native token, CWT, is currently in presale at $0.00942, with a confirmed launch price of $0.35171. The token’s mechanism allows users to earn cashback in CWT for every on-chain action, including gas payments and token swaps. The presale offers 40% of the 10 billion total supply, with a structured 150-stage rollout that increases the token price at each stage. The system is tier-based, offering cashback rates ranging from 10% for bronze users to 100% for diamond-tier participants. Importantly, the wallet is already live and paying out USDT for referrals, indicating real-world utility and active usage [1].

Solana (SOL) has seen renewed interest following a network upgrade that increased block compute capacity by 20%, pushing the price above $200 for the first time in weeks. The upgrade improved throughput to 60 million compute units, making the network more appealing for large-scale applications. A $331 million purchase by Upexi, involving 1.8 million SOL, has further fueled the bullish trend. Despite a 9.5% pullback on August 23, the broader technical structure remains intact, with analysts forecasting future price targets ranging from $400 to $700, and some even suggesting a $1,000 long-term goal [1].

XRP has also shown resilience this month, despite a $175 million transfer by Ripple’s co-founder that caused a brief correction. Technical indicators remain favorable, with analysts projecting price targets between $5 and $6 before year-end, and some suggesting a long-term target of $15. The launch of the ProShares Ultra XRP ETF and favorable U.S. regulatory developments are contributing to growing institutional interest [1].

Dogecoin (DOGE) remains a focal point due to its high trading volume and institutional accumulation. In August, more than 1.08 billion DOGE, worth approximately $250 million, were acquired, reinforcing the coin’s relevance in the market. While it dipped to around $0.24, analysts are monitoring support levels and potential rebounds toward $0.25–$0.28. Short-term forecasts vary between $0.35 and $0.70, with some suggesting a $1 target if market sentiment aligns [1].

Among the best bullish cryptos of August, Cold Wallet stands apart by offering a tangible utility model. Unlike speculative assets, it rewards users for on-chain activity, making it a unique proposition in a market often driven by hype. With a clear utility, a structured presale, and a presale price significantly lower than its projected launch value, it presents a compelling case for investors seeking real-world value.

XRP, Solana, and Dogecoin continue to show strength due to institutional adoption, technical upgrades, and strong volume. However, Cold Wallet’s approach of directly rewarding user activity positions it as a distinctive option for investors looking for a more hands-on and incentivized engagement with the crypto ecosystem [1].

Source: [1] Best Bullish Cryptos of August: Cold Wallet’s $0.00942 Token Tops XRP, Solana & DOGE (https://coinmarketcap.com/community/articles/688e9abcfd541c3f25ada9f9/)