By
Godfrey Benjamin
April 29th, 2024
In 2023, we can expect TWT to hit a maximum price of $7 if the current growth moment lasts into the new year, but a correction towards the $0.4000 support level should also be watched out for by all prospective buyers.
Dear readers, our plans to help you prepare appropriately for the coming year entail bringing to your table some of the most unique digital currencies and assets that can be a good keep for money in 2023. In today’s Coinspeaker Advent series, we present you with the predictions for Trust Wallet Token (TWT), one of the digital currencies in the Binance ecosystem, in 2023.
The Value Trust Wallet Token (TWT) Represents in Web3
Trust Wallet Token is the native coin of the Trust Wallet, one of the non-custodial wallets powering the growth of the decentralized economy. There are various avenues to get involved in the digital currency ecosystem, and for those with vested interests in Decentralized Finance (DeFi), and Non-Fungible Tokens (NFTs), Trust Wallet is one of the ways to connect to the decentralized world.
With Trust Wallet, users can easily store their digital currencies or NFTs. Besides the storage, they can connect to decentralized applications using the Trust Wallet, and swap from one token to another. Trust Wallet’s relevance is encompassing and since it was acquired by the Binance exchange, its relevance in the broader Web3 world has expanded remarkably.
The TWT token unlocks more benefits to users for using the platform, including but not limited to discounts on in-app cryptocurrency purchases and on the use of decentralized exchange (DEX) services. Besides these, TWT also grants access to Trust Wallet users to participate in the voting on proposals that are hinged on the wallet’s ecosystem development.
TWT was first launched as a BEP-2 token on the Binance Chain but was relaunched on the Binance Smart Chain network to conform to the BEP-20 standard.
TWT Price Changes in 2023
When looked at a glance, it does not appear as though the Trust Wallet Token has been affected by the current trends in the digital currency ecosystem or even the broader economy as a whole. The 1-year chart of TWT-USD shows more green, the very first of the altcoins that we are exploring in this Advent Calendar to have such a growth path.
As shown above, TWT has printed more bullish growths over the past year and it hit its All-Time High (ATH) of $2.71 price over the past week according to data from CoinMarketCap. As a high-performing digital currency, TWT stands as a viable digital currency to invest in this coming year, however, a major twist should be put into consideration should this move be made at all.
At this time, the token is seeing the biggest pump since its inception and may not necessarily present a good buying opportunity as a major correction is imminent. Now, the TWT token is overbought and many investors are likely to start selling off their bags, a move that can leave many new buyers in losses if they stack up now.
In 2023, we can expect TWT to hit a maximum price of $7 if the current growth moment lasts into the new year, but a correction towards the $0.4000 support level should also be watched out for by all prospective buyers.
The Coinspeaker Advent Series seeks to balance out the poor and good-performing digital currencies around, and we just presented you with a high flier TWT. Readers should endeavor to do their own research before investing and above all, have a good risk management strategy.
Stay tuned as we bring you another episode in this Series.