The Trust Wallet Token has experienced an 11% increase in price over the past week, reaching $1.34 by 1:15 pm EST. Despite this surge, trading volume for TWT has dropped by 22% in the last 24 hours, amounting to $96 million. This reduction is attributed to Binance’s launch of a web3 wallet and a new Tether (USDT) earning program offering up to 13% annual percentage yield (APY).
After Binance acquired Trust Wallet in 2018, BNB tokens have increased in value from $14.80 to around $244. The current price dynamics show resistance at $1.82 and a double-top pattern forming at this level, resulting in bearish pressure and a retreat to a support zone at $1.33.
TWT’s price trajectory is crucial as it might reverse on the $1.33 level, leading to a rebound challenging the $1.82 resistance level or facing downward pressure towards the $1.10 support zone.
The crypto market offers other opportunities for diversification such as BTCMTX presale coin, which has seen rapid progress approaching its soft cap of $4.4 million after launching its presale phase.
Participating in the token presale presents early investors with tokens priced at a discounted rate of $0.0115 each, rising to $0.0119 per token as the presale progresses to its final stage with a hard cap of $15 million.
BTCMTX also offers attractive incentives such as the chance to win $3,000 in the Minedrop Competition and passive income through a stake-to-mine program providing an APY of 158%. Acquiring BTCMTX tokens is possible through various swaps or bank card options.