For a few days, Trust Wallet is always in the headlines. Now, with the release of its browser extension, the Trust wallet is getting closer to its goal of making Web3 accessible to everyone.
Let’s see how this browser extension can be useful.
Trust Wallet Browser Extension will help users to import their mobile wallets and browsers (such as MetaMask or Coinbase Wallet). Also, users can import their mobile account from Trust Wallet so that they can access their account on desktop and mobile devices very easily.
Thus, this release of Trust Wallet can help users to access Web3 applications smoothly because people can securely connect to numerous dApps (Web3 dApps) through this browser extension.
Also, Trust Wallet plans to start its bounty hunting soon, although the details have yet to be revealed.
Trust Wallet Token Price Prediction: Recent Updates
Trust Wallet Token increased by more than 12% in a single day.
Its current market price is $2.03. It has a market cap of $895,458,589 and is up more than 7% in 24 hours.
Let’s see, if Trust Wallet Token is worth the hype, is it getting or is it now too expensive.
Bybit recently announced the inclusion of $TWT / USDT in its spot trading platform where users can exchange TWT without commissions.
Bybit is a fairly transparent and user-friendly cryptocurrency trading platform. Listing the TWT/USDT pair on spot trading means that people can exchange TWT for USDT and vice versa at current market prices with Bybit.
In another Tweet, Dinero, an on-chain crypto gambling platform, announced its compatibility with MetaMask and Trust Wallet on mobile and desktop.
Please note that Dinero is a decentralized betting platform where people can bet on all major sports competitions such as basketball, tennis, soccer, Formula 1 and UFC. There is no minimum entry fee, unlike centralized betting platforms.
Also, as we know, the FTX crash affected the cryptocurrency market badly and made people switch to self-custody wallets. Recently, Gemini, a cryptocurrency exchange, saw a net outflow of $495 million in the past 1 day, according to data from Nansen (a real-time crypto analytics platform). The data suggests that there was a total outflow of $563 million and an inflow of $58 million. Furthermore, according to CZ, Binance has also seen a slight increase in withdrawals in recent days.
The Gemini and Binance withdrawals certainly show that people are still not sold on centralized exchanges and custodial wallets after the FTX crash. Therefore, it is another reason why the price of TWT is increasing.
Trust Wallet Token Price Prediction: What is the Trust Wallet Token for?
Trust Wallet Token is available to trade on various platforms including MXC and Binance DEX. It can be traded against a variety of cryptocurrencies such as Bitcoin (BTC), Binance Coin (BNB), and Tether (USDT).
The following are important use cases for the Trust Wallet token:
- It can be used as a payment method for various services that accept TWT.
- Being a BEP-20 asset, TWT can be used to trade (or buy) other crypto assets.
- TWT holders can participate in Trust Wallet decision-making processes and vote on various updates and features.
- It can be used to access various discounts on crypto investments through Trust Wallet.
Trust Wallet Token Price Prediction
The current market price of TWT is $2.26 and it is down about 1.5% in 24 hours.
Before we predict whether TWT should go up or down in the near future, let’s take a look at its price history over the past few months. Your performance in recent months can help us achieve the required context for the future. Let’s discuss:
Above is the TWT chart for 1 year and as we can see the market price of Trust Wallet Token one year ago was $1.19. Thus, there is an 80.92% increase in the price of TWT as of November 2021. Also, there are numerous ups and downs that claim that the rise was not really2 continuous. Now, the reason behind the excursion is the security of Trust Wallet. There is no doubt that unattended wallets give users full control of their private keys and funds, eliminating the need for third parties in the middle.
In addition to being an unprotected wallet, Trust Wallet offers an additional security feature. The wallet securely stores the private keys for backup purposes and thus users can access them in case their device is broken or lost.
The price of
TWT has increased by more than 50% in just three months (although the increase has not been consistent), considering that its price 3 months ago was $1.13.
The historical maximum value of
TWT is at $2.4 reached yesterday and after that the price started to fall and is currently priced at $2.26 (not much below its all-time high). Also, the market price of TWT a month ago, that is, on October 15, was $1.02. It means that it grew more than 55% from then until November 15.
One of the
reasons for the increase in the price of Trust Wallet Token is the blocking of FTX. There is no doubt that the collapse of the FTX platform caused a huge impact on the entire cryptocurrency market, and the market is also stagnating for a few days, that is, there is a continuous downtrend. Despite all this, TWT has managed to grow and has skyrocketed to its all-time high amid this market downtrend.
Here, fear-driven behavior towards exchanges has led investors to choose unguarded portfolios such as Trust Wallets.
Now, considering its growth rate of 55% in one month, its value could double in just two months.
Trust Wallet Token Price Prediction: Trust Wallet Compares Its Competitors
The only notable competitor or alternative to Trust Wallet is Atomic Wallet, whose native cryptocurrency is Atomic Wallet Coin.
Similar to Trust Wallet, Atomic Wallet is a non-custodial decentralized wallet where users can be in full control of their funds. Here, no third party has access to your wallets and confidential information.
The current market price of Atomic Wallet Coin (AWC) is $0.633 and it has decreased by about 5% in the last 24 hours. Its 1-month price chart indicates that the price has increased in the last month, but the increase was only 34.92% compared to TWT’s 55.6% increase in the last 30 days.
Other than that, if you look at the TWT and AWC engagements on social media, there is a big difference again.
We may see an increase in Trust Wallet Token social media interactions of over 1,400% in just one week. Whereas, in the case of Atomic Wallet Token, commitments decreased by almost 29% in one week.
To conclude, Trust Wallet is definitely beating its competitor right now in its price and social media sentiments.
Trust Wallet Token Price Prediction: Is TWT a Good Investment?
Trust Wallet supports numerous tokens on different blockchains such as Binance, TROn, and Ethereum. Also, TWT holders can have additional benefits when using Trust Wallet. For example, they may have discounts on various cryptocurrency purchases.
To answer whether or not TWT is a good investment, let’s look at the price movements of its competitors.
TWT Competitor Price Analysis
In addition to its price movement, let’s take a look at how it has fared against its competitors so far this year.
The current market price of AWC is $0.633 and it has decreased by about 5% in the last 24 hours.
AWC’s market price has decreased by more than 92% in one year, as
suggests the chart attached above, while in the case of TWT, there is an increase of 80.92% since November 2021 (as discussed above).
Furthermore, as more and
As more people switch to unprotected wallets, wallets like Trust Wallet and Atomic Wallet Coin have plenty of room for future growth. It is because custodial crypto wallets store all user data in hot and cold storage that they are easier to hack by intruders. It means that its security level is lower than in unattended wallets, where only users keep their private keys without the involvement of third parties.
The recent FTX crash has made people even more wary of centralized exchanges and thus the usage of such wallets has increased over the past week.
However, looking at the performance of TWT and its competitor so far, it can be safely said that TWT has performed much better than its competitor.
What are the distinctive features of TWT that set it apart?
- Trust Wallet is absolutely free and makes it easy to use numerous cryptocurrencies.
- Trust Wallet has improved usability, for example; Its user interface is easy to use.
- Users can also play mobile games through this mobile application.
- It also offers users access to various decentralized applications and decentralized exchanges.
It suggests that TWT is indeed a good medium-term investment option, not only because it is unprotected, but also because it provides a safer option to protect funds and assets along with multiple use cases.
Also read: Can Trust Wallet be hacked?
Trusted Wallet Token Price Prediction: 2023, 2025 and 2030
Although the price prediction cannot be 100% accurate, a thorough analysis and the past performance of the coin can predict its future. Let’s try to predict the price of TWT for 2023, 2025 and 2030:
With a Coinmarketcap ranking of #51, Trust Wallet Token has a market capitalization of $829,127,383.23. There are currently 416,649,900 tokens in circulation, which represents 42% of the total supply.
Its all-time chart shows that the price of TWT has increased by almost 100% since its launch in 2020. As discussed above, there is an 80.92% increase in the price of TWT in one year and 55% in one month. .
Trust Wallet Price Prediction 2023; Analysis suggests that 2023 may see a price top of $4.5 while a price bottom of $3.7. Also, the average price of TWT will be around $3.8 for the next year.
Trust Wallet Price Prediction 2025; According to research and analysis, the price of TWT may continue to grow by 2025 and reach a high level of $9.5. The price will have a minimum level of $8.2.
Trust Wallet Price Prediction 2030
; reports say that Trust Wallet Token, based on its utility, can expect another peak of $62 by 2030. Also, the price will find a low of $52.1 by the end of the year.
Trust Token Price Prediction
Wallet: About the Trust Wallet Token (TWT)
Trust Wallet is a non-custodial, mobile-based NFT and crypto wallet. It supports more than 4.5 million digital assets and 65 blockchains. The Trust Wallet token is the native cryptocurrency of Trust Wallet. TWT is also a Trust Wallet governance token, where users can participate in the decision-making processes of the platform with the use of TWT.
Please note that TWTs can be easily transferred to any wallet and can be exchanged for other assets. The token is one of the first tokens to be launched on the Binance Smart Chain and therefore required an extremely low fee for the transaction.
The maximum supply of Trust Wallet Tokens has been set at 1 billion, of which 1/4 is already in circulation. The token is based on BSC (Binance Smart Chain) and is therefore backed by a proof-of-stake consensus mechanism.