Solana News Today: Cold Wallet Gains Momentum With Utility-Driven Cashback Model Amid Altcoin Surge

Capital is increasingly shifting to altcoins this July as Bitcoin and Ethereum stabilize, with XRP, Solana, and Dogecoin showing strong momentum. Among them, Cold Wallet ($CWT) is gaining attention not for price surges, but for its unique utility-driven model that returns value to users through cashback rewards on transactions [1].

Cold Wallet has already launched its cashback feature, which rewards users with CWT tokens for bridging, swapping, and paying gas fees. The higher the CWT holdings, the greater the cashback—ranging from 10% for Bronze-level holders to 100% for Diamond-level holders [1]. With a presale price of $0.00942 and a projected launch price of $0.3517, the token is currently trading at 34 million sold, with 40% of its supply reserved for the presale phase [1]. Analysts view this as a strong indicator for its potential as one of the best cryptocurrencies for 2025.

XRP, on the other hand, continues to show institutional strength, supported by the recent launch of the ProShares Ultra XRP ETF. Despite a recent correction to around $3.18, its technical indicators, including bullish flag patterns and weekly moving average crossovers, suggest further upside potential. Analysts are optimistic, with some forecasting a move toward $15 if momentum continues [1].

Meanwhile, Solana’s price surged back above $200 in July after a network upgrade that improved block compute efficiency by 20%. With throughput now reaching 60 million compute units and growing institutional interest—evidenced by Upexi’s purchase of over 1.8 million SOL—Solana remains a top performer among altcoins. Analysts are watching for a potential breakout above $223, with long-term price targets extending into the $400–$1,000 range [1].

Dogecoin has shown resilience despite a sharp pullback from $0.27 to $0.24. The coin holds strong support near $0.23, with over 1.08 billion DOGE valued at around $250 million held in major wallets. Analysts anticipate a possible rebound toward $0.25 to $0.28, with short-term price forecasts ranging up to $0.70 and long-term targets approaching $1 [1].

While XRP, Solana, and Dogecoin rely on market momentum and speculative demand, Cold Wallet offers a distinct value proposition by integrating cashback directly into user activity. This model not only attracts retail users but also positions CWT as a practical and profitable financial tool. As the crypto market continues to evolve, projects like Cold Wallet are redefining what it means to be a top performer in 2025 [1].

Source:

[1] Real Rewards & Security? Why Cold Wallet, XRP, Solana, and Dogecoin Rank Among the Best Crypto for 2025 (https://coinmarketcap.com/community/articles/688e3cd7f10bf37526b95e63/)