Trust Wallet Token TWT Price Declines in the Last 30 Days
The price of Trust Wallet Token (TWT) has decreased by 4.2% in the last 30 days. Over the past week, there has been a slight increase in selling pressure.
BNB Staking Feature Added to Trust Wallet
Trust Wallet has added a BNB staking feature to its Trust Wallet Extension. Users can now stake BNB directly from their Trust Wallet Browser extension. This new function is expected to increase interest and investment in the Trust Wallet ecosystem, potentially boosting the price of TWT tokens.
MoonPay and Trust Wallet Collaboration for Nigerian Users
Trust Wallet Africa and MoonPay have partnered to enable easy fiat-to-crypto purchases for Nigerian MoonPay users. Users will enjoy 0% fee transfers on their first five purchases made with Trust Wallet between August 28 and September 10. This collaboration is likely to increase the adoption of Trust Wallet in Nigeria and have a positive impact on the price of TWT tokens.
CyberTrek Whitelist Winners Announced
Trust Wallet announced that the CyberTrek whitelist spots are full, with 34,358 spots awarded to eligible wallets. This whitelist allows participants to mint NFTs and earn rewards from a prize pool of $1.8 million. The high level of interest in this event indicates potential long-term adoption of Trust Wallet and an impact on the price of TWT tokens.
Trust Wallet Token Trading in a Sideways Trend
TWT is currently trading in a sideways trend, reflecting indecision in the market. Buyers are attempting to break above the 50-day Simple Moving Average (SMA) to start a rally. Technical indicators such as the Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) suggest a potential shift in the trend towards a more positive one.
Sonik Coin Offers Alternative Investment Option for TWT Investors
Sonik Coin aims to achieve a market cap of $100 million in record time. With TWT priced at $0.9, investors who missed out on TWT’s ICO can participate in the SONIK presale to potentially benefit from a price surge. According to crypto analyst Michael Wrubel, SONIK has the potential to become a $1 million market cap crypto.
Hot Take
The recent developments in Trust Wallet, including the BNB staking feature, collaboration with MoonPay, and the CyberTrek whitelist winners, indicate a growing interest in the platform. While the price of TWT has been declining, these initiatives have the potential to boost adoption and positively influence the price in the long term. Additionally, the introduction of Sonik Coin as an alternative investment option provides opportunities for investors seeking profit in the meme coin market.
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