For a few days, Trust Wallet is always in the headlines. Now, with the launch 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 import their mobile wallets and browsers (such as MetaMask or Coinbase Wallet). In addition, users can import their Trust Wallet mobile account so that they can access their account on mobile and desktop devices very easily.
Therefore, this launch by Trust Wallet can actually help users access Web3 applications seamlessly because people can safely and securely connect to numerous dApps (Web3 dApps) through this browser extension.
In addition, Trust Wallet is planning to begin its bounty hunt soon, although details have not yet been disclosed.
Trust Wallet Token increased by more than 12% in just one day. Its current market price is $2.03. It has a market capitalization of $895,458,589 and has increased by more than 7% in 24 hours.
Let’s see, if Trust Wallet Token is worth the hype, is becoming or is now too expensive.
Recently, Bybit announced the listing of $TWT/USDT on its spot trading platform where users can trade TWT without commissions.
Bybit is a fairly transparent and easy-to-use cryptocurrency trading platform. Quoting the TWT/USDT pair on spot trading means that people can trade TWT for USDT and vice versa at current market prices with Bybit.
In another Tweet, Dinero, an on-chain crypto betting platform, announced its compatibility with MetaMask and Trust Wallet on mobile and desktop.
Note that Dinero is a one-stop decentralized betting platform where people can bet on all major sports competitions such as basketball, tennis, football, Formula 1 and UFC. There is no minimum cost of entry, unlike centralized betting platforms.
Also, as we know, the collapse of FTX severely affected the cryptocurrency market and made people switch to self-custody wallets. Recently, Gemini, a crypto exchange platform, experienced a net outflow of $495 million in the last 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. In addition, according to CZ, Binance has also seen a slight increase in withdrawal in recent days.
Withdrawals from Gemini and Binance certainly prove that people are still not convinced about centralized exchanges and custody wallets after the FTX crash. Therefore, it is another reason why the price of TWT is rising.
Token Price Prediction: What is the Trust Wallet token for?
Trust Wallet Token is available for trading 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 exchange for (or purchase) other cryptographic assets.
- TWT holders can participate in the decision-making processes of the Trust Wallet 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 is down about 1.5% in 24 hours.
Before predicting whether TWT should rise or fall in the near future, let’s take an overview of its price history in recent months. Its performance in recent months can help us get the required context for the future. Let’s discuss:
Above is the chart of TWT
for 1 year and as we can see that the market price of Trust Wallet Token a year ago was $1.19. So, there is an 80.92% increase in the price of TWT from November 2021. In addition, there are numerous ups and downs that claim that the hike was not really2 continuous. Now, the reason behind the excursion is the security of Trust Wallet. There is no doubt that unguarded wallets provide users with full control of their private keys and funds, eliminating the need for third parties in between.
In addition to being an unguarded wallet, Trust Wallet offers an additional security feature. The wallet securely stores 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), keeping in mind that its price 3 months ago was $ 1.13.
The historical high value of TWT is $2.4 reached only yesterday and after that, the price started to fall and currently has a price of $ 2.26 (not far below its all-time high). In addition, TWT’s market price a month ago, i.e. October 15, was $1.02. It means it grew by more than 55% from then until November 15.
One of the reasons for the increase in the price of Trust Wallet Token is the FTX crash.
There is no doubt that the crash of the FTX platform has caused a huge impact on the entire cryptocurrency market and the market is also stalling for a few days, that is, there is a continuous bearish trend. Despite all this, TWT has managed to grow and has skyrocketed reaching its value An all-time high amid this market downtrend.
Here, fear-driven behavior toward 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.
Token Price Prediction: Trust Wallet Compares to 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 decentralized non-custodial wallet where users can have full control of their funds. Here, no third party has access to their wallets and sensitive information.
The current market price of Atomic Wallet Coin (AWC) is $0.633 and has decreased by about 5% over the past 24 hours. Its 1-month price chart states that the price has indeed increased over the past month, but the increase was only 34.92% compared to TWT’s 55.6% increase over the past 30 days.
Apart from that, if we look at TWT and AWC’s social media commitments, there’s a huge difference again.
To conclude, Trust Wallet is definitely outperforming its competitor at the moment in its price and social media sentiments.
Trust Wallet token price prediction: Is TWT a good investment?
supports numerous tokens in different blockchains such as Binance, TROn and Ethereum. In addition, TWT holders may have additional benefits when using the Trust Wallet. For example, they can have discounts on various cryptocurrency purchases.
To answer, whether TWT is a good investment or not, let’s analyze the price movements of its competitors.
Price analysis of TWT’s competitors
In addition to its price movement, let’s take a look at how its competitors have done so far this year.
The current market price of AWC is $0.633 and has decreased by about 5% over the past 24 hours.
The market price of AWC has decreased by more than 92% in one year, as suggested by the chart attached above, while in the case of TWT, there is an increase of 80.92% since November 2021 (as discussed earlier).
Also, as more and more people are switching to unguarded 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 cold and hot storage that are easier to hack by intruders. It means that their level of security is lower than unguarded wallets, where only users guard their private keys without the involvement of third parties.
In addition, the recent collapse of FTX has made people even more wary of centralized exchanges, and therefore, the use 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 distinguish it?
- Trust Wallet is absolutely free and facilitates the use of numerous cryptocurrencies.
- Trust Wallet has improved usability, for example; Its user interface is simple to use.
- Users can also play mobile games through this mobile app.
- 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 not guarded, but because it also provides a safer option to protect funds and assets along with multiple use cases.
Trust Wallet Token Price Prediction – 2023, 2025 and 2030
Although the price prediction cannot be 100% accurate, a thorough analysis and past performance of the coin can actually 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, accounting for 42% of the total supply.
Trust Wallet Price Prediction 2023; The analysis suggests that 2023 may see a maximum price of $4.5 while a minimum price of $3.7. In addition, the average price of TWT will be around $3.8 for next year.
Trust Wallet Price Prediction 2025; according to research and analysis, the price of TWT can continue to grow by 2025 and reach a maximum level of $9.5. The price will have a minimum level of $ 8.2.
Wallet Price Prediction 2030; reports say that Trust Wallet Token, based on its utility, can expect another peak at $62 by 2030. In addition, the price will find a minimum level of $52.1 by the end of the year.
Token Price Prediction: About the Trust Wallet (TWT) Token
Trust Wallet is a
crypto and NFT wallet that is non-custodial and mobile-based. It supports over 4.5 million digital assets and 65 blockchains. The Trust Wallet token is the native cryptocurrency of Trust Wallet. TWT is also a governance token of Trust Wallet, where users can participate in platform decision-making processes with the use of TWT.
Note that TWTs can be easily transferred to any wallet and can be exchanged for other assets. The token is among the first tokens that were launched on Binance Smart Chain and, therefore, required an extremely low transaction fee.
maximum supply of Trust Wallet Tokens has been set at 1 billion, of which 1/4th is already in circulation. The token is based on BSC (Binance Smart Chain) and, therefore, supported by a proof-of-stake consensus mechanism.