Momentum is building around Mantle as analysts highlight the Mantle (MNT) price potential following its breakout from a long-standing bearish trendline and a surge in on-chain activity. Shiba Inu remains in focus, with its first DAO presidential election drawing attention to whale influence, while the Shiba Inu (SHIB) price action remains relatively quiet.
In the digital wallet sector, Cold Wallet (CWT) has made a striking entrance, launching with over 2 million users on day one after acquiring Plus Wallet in a $270 million deal. Its CWT token, now in presale at $0.00998, is integrated into regular wallet functions, providing users with automatic cashback rewards for transactions. Current prices sit well below the planned $0.3517 listing value, leaving early buyers considering gains that could reach up to 50x.
Mantle Breaks Bearish Structure and Gains Traction
Market analysts observing Mantle (MNT) price potential note that it recently crossed above a key long-term bearish trendline, signaling a shift toward bullish momentum. Trading near $0.88 after a 55% monthly rise, Mantle has established support between $0.69 and $0.70, with resistance at $0.95 to $1.00, followed by $1.15 and $1.30. On-chain metrics show daily active addresses climbing almost 800% to approximately 145,000, reflecting genuine user engagement.
Mantle’s expanding role in connecting decentralized finance with traditional financial systems, along with its involvement in real-world asset exposure, continues to strengthen discussions around the Mantle (MNT) price potential.
Shiba Inu DAO Election Raises Governance Concerns
The Shiba Inu DAO presidential election is underway, using a voting model weighted by holdings, favoring large owners. This change in governance structure is notable for the project, but analysts observe that the Shiba Inu (SHIB) price action has not seen major movement. Currently trading around $0.00001225, SHIB remains just under its 50-period EMA and below mid-July highs of $0.00001550.
Trading volume has shown minimal increases following the election news, hinting at limited participation from traders. For Shiba Inu (SHIB) price action to strengthen, a consistent close above $0.00001250 would be needed to attract stronger buying momentum.
Cold Wallet Debuts With Scale and Utility
Cold Wallet entered the market with immediate reach. The $270 million Plus Wallet acquisition brought in more than 2 million active users without disrupting their balances, preferences, or app settings. This meant Cold Wallet started with an already engaged audience using a platform recognized for its reliability and straightforward design. Such a starting point is rare for new crypto projects, giving CWT an advantage in building long-term adoption.
The CWT token is embedded in the app’s everyday transactions. Payments for gas fees, token swaps, and conversions between fiat and crypto automatically trigger rewards in CWT. The system offers a tiered cashback model where higher wallet balances unlock larger cashback rates, without requiring any staking. This encourages ongoing wallet use, driving consistent demand for the token. The more users interact, the more rewards they earn, creating a cycle that promotes both holding and usage.
Thanks to its wide utility, the CWT token holds strong growth potential. Early backers, including crypto whales, have been accumulating during the presale at favorable prices. Currently in Stage 17 of 150, the presale has raised over $5.9 million, with more than 707 million CWT sold. Early participants from Stage 1 are looking at possible returns of about 4,900%, with the current price at $0.00998 still far below the targeted $0.3517 launch price.
With a ready user base and integrated incentives, Cold Wallet could be positioned among top crypto performers if adoption keeps pace. Starting with scale and tangible use cases gives CWT a realistic opportunity in a highly competitive space.
Final Takeaway
The Mantle (MNT) price potential remains supported by a break in major resistance levels and strong network growth, suggesting room for more gains if momentum continues. The Shiba Inu (SHIB) price action could improve if governance reforms lead to increased market participation, though certain technical challenges still stand.
Cold Wallet, however, enters with a rare advantage: millions of active users are already onboard, and a token that directly rewards activity. With the presale price of $0.00998 against a launch target of $0.3517, the path to a 50x gain appears within reach. If adoption continues at this pace, CWT might secure its place among the top crypto performers sooner than many expect.
Explore Cold Wallet Now:
Presale: https://purchase.coldwallet.com/
Website: https://coldwallet.com/
X: https://x.com/coldwalletapp
Telegram: https://t.me/ColdWalletAppOfficial
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