{"id":509249,"date":"2022-11-18T17:39:00","date_gmt":"2022-11-18T17:39:00","guid":{"rendered":"https:\/\/wncen.com\/?p=509249"},"modified":"2024-06-11T08:05:14","modified_gmt":"2024-06-11T08:05:14","slug":"trust-wallet-token-twt-undeterred-market-downtrends-with-over-90-gains","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/trust-wallet-token-twt-undeterred-market-downtrends-with-over-90-gains\/","title":{"rendered":"Trust Wallet Token (TWT) Undeterred Market Downtrends With Over 90% Gains"},"content":{"rendered":"

As calls for self-custody rage on, Trust Wallet Token has enjoyed unprecedented surges in the past week. On TWT\u2019s week-on-week chart, the token has amassed over 90% gains. This comes as FTX\u2019s debacle unfolds and traders grow wary of centralized exchanges. Furthermore, Binance\u2019s CEO <\/span>endorsed Trust Wallet<\/span><\/a> in a recent tweet, resulting in more interest in the token. While several Redditors mentioned that Binance owning Trust Wallet was a turn-off, it didn\u2019t stop the token from soaring.<\/span><\/p>\n

TWT also posted substantial gains on the day, with an intraday increase of 4.6%. It reached a local high of $2.34 before settling at its current price of $2.22 press time. Trust Wallet Token\u2019s huge 90% gains undermine the overall market trend that still struggles to recover from the FTX\u2019s collapse. Another catalyst is the recent browser extension launch and Binance and Coinbase integration news.<\/span><\/p>\n

Related Reading: Bitcoin Bearish Signal: 130k BTC Just Flowed Into Binance<\/a><\/div>\n

TWT Launches Browser Extension, Integrates with Top Exchanges<\/span><\/h2>\n

The self-custody Trust Wallet is gaining popularity in the wake of FTX’s demise and the bank run that has affected crypto exchanges generally. Recently the wallet unveiled its eagerly awaited browser extension for PC. It also teamed up with Coinbase Pay and Binance Pay, allowing their users to send money straight to a Trust Wallet account immediately.<\/span><\/p>\n

The browser add-on <\/span>was introduced<\/span><\/a> on November 14 and is now accessible in Opera and Google Chrome. The extension enables users to save, transmit, and receive cryptocurrency across all Ethereum Virtual Machine (EVM) chains and Solana. Users may also enjoy a flawless DApp experience without adding networks manually, thanks to a network auto-detect capability. The extension also supports hardware wallets, multiple wallets, NFT, fiat on-ramp providers, and non-EVM blockchain connectors.<\/span><\/p>\n

Two days after, Binance launched Binance Pay’s Trust Wallet integration. This integration establishes Trust Wallet as one of the platform\u2019s official withdrawal options. Thus users no longer have to scan QR codes to send money to their Trust Wallet accounts. Also, sending to the wallet from Binance won’t cost anything extra besides the blockchain gas fee. The same integration will work for Coinbase Pay. According to Coinbase\u2019s product manager, the integration helps create a \u201cbridge to web3\u201d for customers through seamless self-custody wallet funding.<\/span><\/p>\n

\"TWTUSD\"
TWT’s price is currently trading at $2.21. | Source: TWTUSD price chart from TradingView.com<\/a><\/figcaption><\/figure>\n

TWT Soard 90% As Whales Start Accumulating<\/span><\/h2>\n

TWT has enjoyed massive attention following the FTX implosion. But that\u2019s not the only area gaining ground, as it has seen a high capital inflow. As per <\/span>CoinMarketCap<\/span><\/a> data, the cryptocurrency had a market value of $950.47 million after gaining over $460.27 million in a week. It even reached a local high of $1.11 billion mid-week.<\/span><\/p>\n

Related Reading: Chiliz Continues To Trend Higher Amidst World Cup Fever; Is $0.4 Possible?<\/a><\/div>\n

Furthermore, the token is gaining much attention from whales. Since TWT is still relatively cheap, whale accumulation has increased in the past few days. According to <\/span>Santiment<\/span><\/a>, TWT\u2019s supply rate owned by addresses with a balance of 1,000-10 million TWT increased during its latest run. Although the token\u2019s 24-hour trading volume is down 27%, there\u2019s a chance that it might increase before the trading day ends.<\/span><\/p>\n

Featured image from Pixabay and chart from TradingView.com<\/pre>\n","protected":false},"excerpt":{"rendered":"
As calls for self-custody rage on, Trust Wallet Token has enjoyed unprecedented surges in the past week. On TWT\u2019s week-on-week chart, the token has amassed over 90% gains. This comes as FTX\u2019s debacle unfolds and traders grow wary of centralized exchanges. Furthermore, Binance\u2019s CEO endorsed Trust Wallet in a recent tweet, resulting in more interest in the token. While several Redditors mentioned that Binance owning Trust Wallet was a turn-off, it didn\u2019t stop the token from soaring. TWT also posted substantial gains on the day, with an intraday increase of 4.6%. It reached a local high of $2.34 before settling at its current price of $2.22 press time. Trust Wallet Token\u2019s huge 90% gains undermine the overall market trend that still struggles to recover from the FTX\u2019s collapse. Another catalyst is the recent browser extension launch and Binance and Coinbase integration news. Related Reading: Bitcoin Bearish Signal: 130k BTC Just Flowed Into Binance TWT Launches Browser Extension, Integrates with Top Exchanges The self-custody Trust Wallet is gaining popularity in the wake of FTX’s demise and the bank run that has affected crypto exchanges generally. Recently the wallet unveiled its eagerly awaited browser extension for PC. It also teamed up with Coinbase Pay and Binance Pay, allowing their users to send money straight to a Trust Wallet account immediately. The browser add-on was introduced on November 14 and is now accessible in Opera and Google Chrome. The extension enables users to save, transmit, and receive cryptocurrency across all Ethereum Virtual Machine (EVM) chains and Solana. Users may also enjoy a flawless DApp experience without adding networks manually, thanks to a network auto-detect capability. The extension also supports hardware wallets, multiple wallets, NFT, fiat on-ramp providers, and non-EVM blockchain connectors. Two days after, Binance launched Binance Pay’s Trust Wallet integration. This integration establishes Trust Wallet as one of the platform\u2019s official withdrawal options. Thus users no longer have to scan QR codes to send money to their Trust Wallet accounts. Also, sending to the wallet from Binance won’t cost anything extra besides the blockchain gas fee. The same integration will work for Coinbase Pay. According to Coinbase\u2019s product manager, the integration helps create a \u201cbridge to web3\u201d for customers through seamless self-custody wallet funding. TWT Soard 90% As Whales Start Accumulating TWT has enjoyed massive attention following the FTX implosion. But that\u2019s not the only area gaining ground, as it has seen a high capital inflow. As per CoinMarketCap data, the cryptocurrency had a market value of $950.47 million after gaining over $460.27 million in a week. It even reached a local high of $1.11 billion mid-week. Related Reading: Chiliz Continues To Trend Higher Amidst World Cup Fever; Is $0.4 Possible? Furthermore, the token is gaining much attention from whales. Since TWT is still relatively cheap, whale accumulation has increased in the past few days. According to Santiment, TWT\u2019s supply rate owned by addresses with a balance of 1,000-10 million TWT increased during its latest run. Although the token\u2019s 24-hour trading volume is down 27%, there\u2019s a chance that it might increase before the trading day ends. Featured image from Pixabay and chart from TradingView.com<\/p>\n","protected":false},"author":568,"featured_media":509265,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[1558,87366,87367,87220,87719],"class_list":["post-509249","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-cryptocurrency","tag-trust-wallet-token-twt","tag-twt-analysis","tag-twt-price","tag-twtusd"],"acf":[],"yoast_head":"\nTrust Wallet Token (TWT) Undermines Market Downtrends<\/title>\n<meta name=\"description\" content=\"TWT posted substantial gains on the day with an increase of 4.96%. 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