News Crypto and cryptocurrencies

Trust Wallet Token (TWT) Earns Over 90%!

In recent days Trust Wallet Token posted an unprecedented surge. In fact, in the TWT weekly chart, the token has accumulated earnings greater than 90%, just as the FTX debacle is manifesting itself in all its seriousness and traders are increasingly wary of exchange centralized. Also, the CEO of Binance endorsed Trust Wallet in a recent tweet, boosting interest in the token. And while several Reddit users have said that Binance's ownership of Trust Wallet has been a hindrance, that hasn't stopped the token's surge.

Furthermore, on Friday alone, TWT recorded substantial gains with an intraday increase of 4,6%, reaching a local high of $2,34 before settling at the current price of $2,22. The huge 90% gains of the Trust Wallet Token undermine the general trend of the market which is still struggling to recover from the FTX crash. Another catalyst is the recent launch of the browser extension and the Binance and Coinbase integration news.

The Trust Wallet, which is “self-guards”, is gaining popularity in the wake of the demise of FTX and the bank run affecting the exchanges of cryptocurrency in general. The wallet recently unveiled its long-awaited browser extension for PC and has also partnered with Coinbase Pay and Binance Pay, allowing their users to instantly send money directly to a Trust Wallet account.

The browser add-on was introduced on November 14 and is now accessible in Opera and Google Chrome: the extension allows users to save, transmit and receive cryptocurrencies across all blockchain di Ethereum Virtual Machine (EVM) and Solana. Users can also enjoy a flawless DApp experience without adding networks manually, thanks to the automatic network discovery capability. The extension also supports hardware wallets, multiple wallets, NFTs, fiat on-ramp providers, and non-EVM blockchain connectors.

Two days later, Binance launched Trust Wallet integration with Binance Pay. This integration effectively makes the Trust Wallet one of the platform's official withdrawal options. This way users no longer need to scan QR codes to send money to their Trust Wallet accounts. Also, sending to the wallet from Binance will not cost anything extra besides the blockchain gas fee. The same integration will work for Coinbase Pay. According to the Coinbase product manager, the integration helps create a “bridge to the web3” for customers through seamless self-custody wallet funding.

Also, the token is gaining a lot of attention from whales. Since TWT is still relatively cheap, the stockpiling of the whales has increased over the past few days. According to Santiment, the bid rate of TWT owned by addresses with a balance of 1.000-10 million TWT increased during its latest rally…

Buying Cryptocurrencies? Exchange Binance Binance

Roberto Rais

A great cryptocurrency expert and a long time collaborator. He actively follows several specialized Blogs in the cryptocurrency sector as Editors

Similar posts

Leave a comment

Your email address will not be published. Required fields are marked *

Back to top button