Crypto

Top 10 Christmas Crypto Gainers – Number 10: TWT

12/14/2022
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Trust Wallet coin was one of the top cryptocurrencies that experienced significant growth this year. Even in December, TWT resumed its upward trend after gaining about 70% in November. Trust Wallet (TWT) has grown by approximately 218% year to date.

Trust Wallet Token (TWT) outperformed the cryptocurrency market following the FTX crisis, reaching an all-time high of $2.71 this year, with gains of more than 218%.

The FTX exchange crisis, which saw the majority of investors abandon trading platforms, has benefited the token directly. The reason could be linked to positive remarks made by Binance CEO Changpeng Zhao. Binance CEO CZ tweeted about the Trust Wallet app, emphasizing the benefits of storing bitcoin in a Trust Wallet rather than a controlled exchange.

Trust Wallet Token is the native token of one of the world’s largest and most secure cryptocurrency wallets (TWT). The TrustWallet ecosystem allows users to store, sell, swap, and track their digital assets. Crypto enthusiasts may use this platform to buy and sell tokens while keeping complete control over them. Trust Wallet Token (TWT) has evolved to become one of the top 50 cryptocurrencies listed on CoinMarketCap since its launch in 2020. TWT’s all-time high price is $2.71. However, the cryptocurrency is presently trading at approximately 20% of its all-time high.

On the other hand, the tremendous decline of the US dollar and the current market rebound have both played a significant role in strengthening the Trust Wallet (TWT) currency. Moving on, the big whales in the cryptocurrency sector anticipated that the TWT coin will grow even more by 2023.

Although, the Trust Wallet Token looks to be losing ground today, and the reason is not yet known. Trust Wallet Token is now trading at $2.14 with a 24-hour trading volume of $185 million.

In the last 24 hours, Trust Wallet Token has dropped 18%. Trust Wallet is now ranked #45 in the market, with a live market cap of $891 million. There are 416,649,900 TWT coins in circulation, with a maximum supply of 1,000,000,000 TWT coins.

 

CEO of Binance, CZ Emphasized the Trust Wallet

As we’ve previously stated, the FTX exchange crisis, which has seen the majority of investors turn away from trading platforms, has directly benefited the Trust Wallet Token. When FTX, which at its peak was one of the best crypto exchanges, had a liquidity crisis, traders on other exchanges decided to keep their cryptocurrency holdings in external wallets.

However, the collapse of FTX in November affected most cryptocurrencies, but Trust Wallet Token (TWT) saw significant gains at that time. TWT is picking up steam in December too after surging by approximately 70% in November.

It should also be noted that the uptick in the Trust Wallet Token came exactly after the most influential figure in cryptocurrency, Changpeng Zhao, publicly endorsed Trust Wallet Token (TWT). The CEO of Binance and cryptocurrency millionaire Changpeng Zhao tweeted about the importance of self-custody and pushed users to use the Trust wallet, which propelled the token’s upward trajectory.

Whale Growth on TWT

The upticks in the Trust Wallet Token (TWT) were further bolstered after the asset is witnessing increased whale accumulation. TWT is experiencing significant whale accumulation while still being a relatively cheap asset. Santiment data shows that as the altcoins continued to climb, the supply rate of TWT owned by addresses with a balance of between 1,000 and 10 million TWT increased.

Given that the majority of exchanges now disclose proof of reserves, it will be important to keep an eye on TWT’s performance in the long run. Notably, the proof of reserves publishing is intended to encourage traders to preserve their assets on exchanges by inspiring trust in them.

Upbeat Crypto Market

Despite recent challenges, the global cryptocurrency market has been able to halt its downward trend and stage a modest comeback in recent sessions. Bitcoin (BTC) and Ethereum (ETH), two of the most valuable cryptocurrencies, were able to surpass $16,000 and $1,200, respectively. Other well-known cryptocurrencies including Dogecoin (DOGE), Litecoin (LTC), and Solana (SOL) also saw rises. Although, the upbeat cryptocurrency market was unable to stop the recent losses of the Trust Wallet (TWT) token.

In the meantime, the broad-based US dollar held steady on Tuesday as investors updated their interest rate viewpoints in anticipation of the publication of U.S. inflation data and the last Federal Reserve meeting of the year.

The statistics, which are expected at 1330 GMT, will put that assumption to the test, and the Fed’s decision on Wednesday should provide policymakers some pretty immediate reaction. Thus, the dollar’s quiet attitude did not help the Trust Wallet (TWT) token prices to limit its losses.

Top Coins Featured in the Highlights

It might be challenging to decide which cryptocurrency to invest in with so many options. Many investors at some point think about supporting low-cost cryptocurrency startups. The majority of portfolios may benefit greatly from adding these digital currencies, which have token values of $5 or less.

The coins on the following list are great additions to our portfolio even though the market is slowing down.

Dash 2 Trade (D2T)

Dash 2 Trade is a trading platform designed to simplify and secure investment in digital assets. It also provides tools to support you in creating your own trading strategy as well as features that are intended to help you when you’re trading.

Since its October 20 launch, Dash 2 Trade presale has brought in more than $9.6 million. However, the exceptional achievement of its presale period may be credited to its committed workforce, cutting-edge technology, and smart partnerships with some of the biggest businesses in the world.

The project’s goal is to create an innovative trading platform by creating a market that is transparent, efficient, secure, and packed with analytical features and tools. With its cutting-edge solutions, D2T aims to transform the market. The organization employs seasoned professionals in technology, finance, and blockchain.

If you want to take advantage of this fantastic chance, take immediate action as time is running out. Many investors are finding investing in cryptocurrencies to be a rewarding option, and Dash 2 Trade (D2T) is making it even more beneficial.

Its cutting-edge technology, robust security measures, and excellent features are radically changing the cryptocurrency market. Many people are eager to take part in the D2T presale, which has already crossed the $9.6 million mark.

RobotEra (TARO)

TARO is a metaverse cryptocurrency with a unique feature that lets users build custom NFTs using the RobotEra editor. RobotEra has raised more than $460k so far. The Tora Inu pre-sale expires in one day.

Don’t miss your last chance to acquire $TORA tokens.

Calvaria (RIA)

Calvaria is a brand-new cryptocurrency initiative that uses play-to-earn business models. The project’s goal is to develop a magnificent card game of war based on video games like Magic the Gathering in order to raise awareness of cryptocurrencies. The platform hopes to be successful by making an effort to bridge the gap between the real world and cryptocurrencies.

Visit calvaria.io for additional information; the token has raised more than $2.4 million as of this writing.

Tamadoge (TAMA)

TAMA is a distinctive business that actively participates in the thrill of the meme-based doge culture. Users may make their own Tamadoge avatars, play with them, breed them according to their tastes, and engage in combat with them to increase their TAMA cash balance.

TAMA already has a sizable fan base among investors and collectors, and its platform is ideally positioned to profit from the expanding market for digital NFTs.

Related:

Dash 2 Trade – High Potential Presale

Dash 2 Trade
  • Active Presale Live Now – dash2trade.com
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  • KYC Verified & Audited
  • Native Token of Crypto Signals Ecosystem

Dash 2 Trade


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Source: https://insidebitcoins.com/news/top-10-christmas-crypto-gainers-number-10-twt