Cold Wallet Presale Tops $6.2M Amid ETH & Pi Network Moves
Cold Wallet Presale Gains Momentum
The crypto market is seeing varied activity, with Ethereum and Pi Network generating interest. However, Cold Wallet is emerging as a notable project, attracting attention with its approach to transaction fees.
Cold Wallet aims to address the issue of high gas fees by rewarding users with CWT tokens for activities like paying gas, swapping tokens, and moving between crypto and fiat. The project's presale has surpassed $6.2 million, with over 730 tokens sold.
Why Cold Wallet is Gaining Attention
The project is in stage 17 of its presale, with CWT priced at $0.00998. The planned launch price is $0.3517, which means early buyers are anticipating substantial returns.
Unlike Ethereum, which still faces scaling challenges, and Pi Network, which is not yet live in a real trading environment, Cold Wallet aims to provide immediate utility post-presale. Its self-custody design gives users control over their assets, and its tokenomics allocate resources to rewards.
Each presale stage increases the price, potentially reducing profit margins for late entrants. For investors tracking ETH and Pi, Cold Wallet offers a utility-driven alternative with specific timelines.
Ethereum (ETH) Price Analysis: Approaching $5,000
Ethereum is currently trading near a key resistance point, with investors watching for a breakout. ETH experienced a slight dip of 2.23% to around $4,633 but still shows an 18.65% weekly gain.
A move above $4,872 could trigger a short squeeze, potentially pushing the price towards $5,067. Support is established around $4,500, with a deeper pullback potentially testing $4,144.
Pi Network Update: Mainnet and Token Release
Pi Network is garnering attention as it transitions to an open mainnet. The release of 276 million PI tokens, approximately 3.5% of the total supply, has fueled speculation.
Despite potential price pressure from the token release, PI has gained 10% in the past week, indicating strong demand. With 13 million users already on the mainnet, activity is high, and anticipation for a major exchange listing is driving FOMO.
Cold Wallet's Strategy for Long-Term Growth
While Ethereum focuses on price action and Pi Network grows its mainnet, Cold Wallet is differentiating itself by offering immediate rewards and planning for sustainable growth. By incentivizing users through fee rebates, Cold Wallet aims to foster engagement and token retention.
With $6.2 million already raised and a defined roadmap, Cold Wallet presents a strategic option for investors seeking opportunities in 2025. Potential investors should be mindful of the entry point before exchange listings potentially impact pricing.