Trust Wallet Token (TWT) is currently on a bullish roll as the token has recorded gains of more than 30% during the daily timeframe. The crypto fell prey to market corrections towards the end of February which resulted in a significant price loss. However, the token can be seen to have reversed its bearish trajectory during the past week. At the time of writing, the crypto stands at a price level of $0.77. The daily trading volume has also increased by more than 1,000%. TWT currently stands at a market rank of #172 with a capitalization of $273 million.
What is Trust Wallet Token (TWT)?
Trust Wallet Token is one of the leading cryptocurrency wallets in the market. It has amassed a huge following and a strong reputation in the market because of its offerings. The wallet supports more than one million in assets and enables access to over 50 top blockchains in the market. The phenomenal scope of the wallet is what makes it attractive to crypto users – both new and experienced alike. It provides safe and secure storage for digital assets and for stablecoins the storage ensures immunity against market volatility. Moreover, digital assets can be swapped and traded efficiently. It also provides high-interest rewards on crypto wallets.
The Trust Wallet Token powers the ecosystem of the wallet and it also unlocks various benefits for its holders. Holding TWT can enable discounts on using the app and its DEX for trades. Moreover, holding the TWT token also enables users to take an active part in the Trust ecosystem. Holders get to right on whatever developments they see fit for the ecosystem and participate in governance. Moreover, the token can also be swapped to any other platform that supports BSC assets where it can either be used as a gas fee or swapped into other cryptocurrencies. However, the Trust Wallet Token has limited utility outside its native ecosystem.
Future outlook
Trust Wallet Token has a strong holding in the crypto market because of its underlying technology – which is why it has a bullish future outlook. Various estimates place the token at a much higher price level in the future. Per the estimates of Wallet Investor, the crypto is expected to be trading at a price level of $1.10 in a year’s time while the five-year projection places it at $3.47. Digital Coin Price predicts the year-ending price to be above $1.
