XRP News Today: Cold Wallet Presale Hits $5.8M as XRP Falls 2.5% and Cronos Gains 74%

Cold Wallet (CWT) has raised over $5.8 million in its ongoing presale, with 691.23 million tokens sold at $0.00998 per unit [1]. The project is designed to convert blockchain gas fees into user gains, offering a practical solution to high transaction costs that hinder DeFi participation. With a projected listing price of $0.3517, early investors could see a potential 3,632% return [1]. The token is currently in Stage 17 of its presale, and each subsequent stage increases the token price, reducing the potential upside for new buyers [1].

Meanwhile, Cronos (CRO) continues to show technical strength, having climbed 74% from its yearly low to $0.1347 [1]. The token is supported by a bullish pennant pattern and a golden cross, suggesting upward momentum. Traders are now watching the $0.1498 resistance level as the next key hurdle before the price could approach $0.20 [1]. Network activity is also on the rise, with stablecoin supply reaching $178 million and decentralized exchange volume hitting $142 million in July [1]. Analysts have also pointed to ETF-related filings involving Crypto.com and Canary Capital as factors boosting confidence in the Cronos price trend [1].

In contrast, XRP is under significant sell pressure, having fallen below $3 to $2.96 after a 2.5% drop in a single day [1]. The decline wiped out nearly $5 billion in market capitalization, following a whale dump of 720 million XRP tokens [1]. Technical indicators, including a bearish MACD crossover and a MVRV death cross, suggest continued weakness in the price trend [1]. Although support at $2.80 offers some short-term relief, the next major support level is expected to be around $2.40 [1]. The RSI is still neutral, but a move below 45 would reinforce a seller-dominated market [1].

Cold Wallet, by contrast, is positioning itself as a utility-driven project rather than a speculative asset [1]. Instead of relying solely on price appreciation, the platform integrates gas fee recovery into user transactions, offering real-time value with every swap, send, or bridge activity [1]. This model introduces a cycle where users benefit directly from network activity, reducing the friction often associated with DeFi transactions [1]. The project also features automatic earning mechanisms and reward tiers based on token holdings, without requiring users to stake or lock their assets [1].

While CRO and XRP continue to reflect divergent market dynamics, Cold Wallet’s presale success and functional design are drawing attention from investors seeking more tangible returns [1]. The narrowing window of opportunity for CWT, combined with growing adoption and a unique utility model, suggests that the token is emerging as a top-performing crypto asset [1]. However, as with all cryptocurrencies, future performance remains subject to market conditions, investor sentiment, and broader industry developments [1].

Source:

[1] At Just $0.00998, Cold Wallet Turns Gas Fees Into Gains! XRP Slips & Cronos Stalls, https://coinmarketcap.com/community/articles/68980c55f34e2248a5748bfc/