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CATEGORY: twt price


Nov 15, 2022 04:45

Trust Wallet Token (TWT) Scores Over 97% Gains Going Against Market Trend

Despite current market conditions, the official Trust Wallet token (TWT) has posted impressive gains in the last 7 days. TWT saw an impressive rise of over 97% on its week-on-week chart. Most of the price rally happened in the last three days, with the coin marking a new all-time high yesterday. TWT’s surge also has something to do with the FTX’s crisis and CZ, the CEO of Binance. Recall that FTX, the former second-largest exchange, faced a liquidity crisis last week, which brought the crypto market to its knees. At the time, only PAX Gold kept substantial gains while others tanked.  Related Reading: Following FTX’s Collapse, These Exchanges Are Rumored To Be In Trouble However, TWT regained momentum after top crypto players like CZ called for self-custody. Shortly after mentioning Trust Wallet in a Tweet, TWT got listed on Binance, and its trading volume skyrocketed. TWT Trading Volume Surges After CZ Tweets About Self Custody In the last two days, the value of Trust Wallet Token (TWT) has increased by more than fifty percent. This comes after the recommendation made by CZ, the CEO of Binance, that investors utilize decentralized exchanges. CZ made this remark as it became evident that crypto investors wanted to find an alternative to centralized exchanges. After the FTX disaster sparked a wave of responses, CZ stated that self-custody was an option. Binance’s CEO has spearheaded the campaign for exchange openness after the event and has advocated self-custody before. After this, TWT began trading on Binance Chain and experienced a dramatic spike in volume. According to CoinMarketCap statistics, TWT had a 24-hour trading volume of $432.24 million, though it dropped 39% at press time. Recall that in July 2018, Binance purchased Trust Wallet in an effort to add on-chain mobile wallet capabilities to the company’s offerings. The Trust Wallet Token (TWT) is a BEP-20 utility token that is exclusive to the wallet. It gives token holders a voice in the decision-making process for new app functions, upgrades, and in-app purchase discounts. Can TWT Continue The Bullish Rally? For almost a year, TWT, or the trust wallet token, oscillated in a symmetrical triangular pattern. This pattern of continuous movement is prevalent in established markets, giving speculative buyers on the sidelines an entry point. There’s one possible target for this pattern. This is usually the distance between the breakout price and the high and low of the earliest price spread inside the pattern. Thus, the TWT price delivered a positive breakout from the pattern’s resistance trendline near the end of October’s strong surge. Within five days following the retest, prices had increased by 140%, setting a new all-time high of $2.71.  Related Reading: Bitcoin Shows Strength As Price Holds Above $16,500; Is This A Bear Trap? Looking at the setup above, the price of TWT has arrived at the goal indicated by the triangle pattern. However, such rapid and massive success is detrimental to the asset’s health. Therefore, a corrective phase will likely occur to stabilize the bull trend. At $2.22, TWT’s trading volume over the past 24 hours is $432,240,182. The token has seen a 6.23% decrease within this period and now ranks #43 on ConMarketCap. Featured image from Pixabay and chart from TradingView.com

Jun 19, 2023 04:45

Trust Wallet Token (TWT) Tallies 22% In Last Week, Will It Test $1 Mark?

Amid the recent regulatory hurdles in the crypto market, Trust Wallet Token (TWT) still managed to show bullish momentum, boasting an impressive growth rate of 22% in the past week. This rapid increase has sparked speculation and curiosity among traders and investors about whether TWT will reach the highly anticipated $1 mark.  The Surge Of Trust Wallet Token (TWT): Factors And Analysis Trust Wallet Token is a cryptocurrency associated with the popular mobile wallet for holding/storing digital assets, Trust Wallet. The integration of TronDAO Staking V2 into TrustWallet on June 16 likely positively impacted the price of the Trust Wallet token (TWT).  The feature increased user convenience and utility, attracting more investor confidence, increasing the demand for TWT, and raising its price. Related Reading: PEPE Sustains Steady Ascent, Fueling Speculation Of Profits Also, the recent partnership between Trust Wallet and Tezos offering users a free McLaren F1 digital collectible likely positively impacted the Trust Wallet Token (TWT). The development created excitement and increased user engagement, potentially leading to increased demand for TWT and subsequent price growth. As of the time of writing, Trust Wallet Token (TWT) is exhibiting a bullish momentum, resulting in a 24-hour increase of 2.26%, representing a price mark of $0.9212. According to CoinMarketCap’s data, the trading volume of TWT experienced a significant increase. Specifically, it jumped by more than 13% and reached a value of $19 Million. This notable surge in trading volume suggests that there has been a genuine retail buy-up from members of the Trust Wallet community. The Prospects Of Trust Wallet Token Reaching The $1 Mark At present, the Trust Wallet Token is trading above the middle line of the Bollinger Bands indicator, which suggests that the price is currently higher than the average value. This can be seen as a positive sign, indicating potential strength or bullishness in the asset’s price trend. Also, the Moving Average Convergence Divergence (MACD) of the Trust Wallet Token ($TWT) is above its signal line, and the histogram bars display green, signifying a robust bullish signal. The combination of these indicators suggests a strong bullish momentum and $TWT can potentially hit the $1 mark soon. Related Reading: Ethereum Cancun Upgrade: Why Arbitrum, Optimism Will Profit Massively One important advantage investors in TWT might consider is that its value is based on its fundamental usefulness. Unlike some other digital currencies that the Securities and Exchange Commission (SEC) considers investment contracts, TWT has a specific purpose in powering the decentralized Trust Wallet ecosystem. Similarly, this has given investors confidence in the token’s potential and value. Featured image from Pixabay and chart from TradingView.com

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