🔥 Trust Wallet Token: What Bear Market? Hidden Gem?
In this analysis I want to shed some light on a token that I rarely see analyzed and or talked about, TWT.
What is Trust Wallet Token? Coinmarketcap:
"Holders of TWT tokens unlock a variety of benefits when using Trust Wallet, including discounts on in-app cryptocurrency purchases and on the use of decentralized exchange (DEX) services. TWT holders can also participate in the governance of Trust Wallet and can vote on Trust Wallet update proposals, helping to shape the development of the app."
With more and more people dipping their toes into crypto, it would be a logical assumption that this would led to an increase in the usage of the most popular wallet, and therefore it's connected token.
Going into the analysis, there's no bear market in sight for TWT. The token has been trading sideways for almost two years now. However, its movements are becoming more tight. So, a break out will be coming soon in either direction.
Bullish targets in blue. $2 seems far away, but seeing this token has a marketcap of not even 0.5B it's not even that far-fetched.
My assumption is that TWT will break bullish. The token is holding up extremely well, trading at just a 30% discount from the ATH, while most other tokens are trading at 90% discounts.
Definitely placing this on my watchlist.
What is Trust Wallet Token? Coinmarketcap:
"Holders of TWT tokens unlock a variety of benefits when using Trust Wallet, including discounts on in-app cryptocurrency purchases and on the use of decentralized exchange (DEX) services. TWT holders can also participate in the governance of Trust Wallet and can vote on Trust Wallet update proposals, helping to shape the development of the app."
With more and more people dipping their toes into crypto, it would be a logical assumption that this would led to an increase in the usage of the most popular wallet, and therefore it's connected token.
Going into the analysis, there's no bear market in sight for TWT. The token has been trading sideways for almost two years now. However, its movements are becoming more tight. So, a break out will be coming soon in either direction.
Bullish targets in blue. $2 seems far away, but seeing this token has a marketcap of not even 0.5B it's not even that far-fetched.
My assumption is that TWT will break bullish. The token is holding up extremely well, trading at just a 30% discount from the ATH, while most other tokens are trading at 90% discounts.
Definitely placing this on my watchlist.
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