NEAR and TAO Face Uncertainty as Cold Wallet Gains Traction

Coin WorldTuesday, Jun 10, 2025 12:09 pm ET
2min read

NEAR Protocol (NEAR) and Bittensor (TAO) have recently faced significant challenges, with NEAR experiencing governance and technical concerns following a major upgrade, and

experiencing sharp price dips and heavy speculation. These issues have led many investors to seek more stable options, with Wallet ($CWT) emerging as a strong contender due to its focus on privacy, security, and user control.

NEAR Protocol, once celebrated as a next-generation blockchain platform, is currently navigating turbulent

. The recent upgrade, Nearcore 2.6, introduced features like Global Contracts and more efficient cross-shard development, aimed at reducing costs and streamlining operations. However, the upgrade has raised questions about the responsibility for maintaining shared contracts, leading to long-term uncertainty. The new architecture also introduces risks, as a single flaw in a heavily-used contract could affect multiple apps, necessitating more frequent audits and formal verification. This increased oversight is not appealing to privacy-first users, and developers are also feeling the pressure as they navigate a governance model in flux and deal with contract immutability that could complicate future upgrades. Additionally, the much-anticipated NEAR ETF from is still awaiting SEC approval, further adding to the uncertainty surrounding NEAR's outlook.

Bittensor (TAO) has experienced a wild ride, soaring over 200% in just two months, but this rally may be losing steam. Analysts are warning of a potential hefty correction, with short-term projections showing potential pullbacks to $284, and if the slide deepens, TAO could tumble to the $230–$250 range. The growing volatility is evident in the recent drop in TAO's daily trading volume by 13.4%, indicating that traders are becoming jittery and sitting on the sidelines. Liquidity concerns are creeping in, and investor confidence seems to be taking a hit. Technically, TAO is stuck between key resistance at $480 and support at $400. If it fails to hold that floor, more downside could be in store. With speculative forecasts and mounting instability, TAO is looking more like a risky bet than a long-term play for serious investors.

Cold Wallet ($CWT) offers a different approach, focusing on security, simplicity, and user control. Unlike many crypto platforms that prioritize speed and flashy features, Cold Wallet emphasizes privacy and control. $CWT holders have a voice in the project's evolution, voting on feature rollouts, ecosystem funding, and future blockchain integrations. The wallet operates like cold storage, built for zero exposure, with zero-knowledge (ZK) privacy tech and multi-layered defenses delivering institutional-level protection while staying light and accessible. The wallet's privacy architecture ensures network-level anonymity, full on-chain obfuscation, and a strict no-tracking design, meaning users leave behind no trail. Everything stays encrypted and in the user's hands. Whether someone is new to crypto or managing a multi-million-dollar portfolio, Cold Wallet makes secure access simple with an intuitive interface anyone can navigate with confidence. Now in stage 11 of its presale, $CWT is available for just $0.00853, with a confirmed listing price of $0.3517, offering nearly a 4900% upside. Cold Wallet is not just another wallet; it's a redefinition of what privacy-first crypto storage should look like.

As 2025 unfolds, projects like NEAR and TAO face shaky ground with price swings and uncertain momentum. Cold Wallet, on the other hand, is charting a different path, one grounded in privacy, security, and real-world use. From zero-knowledge tech to community-led decision-making, every layer is built to last. While others chase trends, Cold Wallet is quietly becoming a go-to for those who want long-term reliability in a sea of short-term hype. It's not just another crypto; it's a purpose-built platform with staying power and serious upside.