Trust Wallet Token Price Prediction as Team Teases Major Announcement – Where Next for TWT Price? | USAEMALL.com

$TWT, crypto pockets platform Trust Wallet’s native utility token, has seen a serious bullish breakout up to now two periods, with worth predictions turning into more and more bullish.

The crypto token, which is issued on the Ethereum blockchain utilizing the ERC-20 token commonplace, has pumped greater than 20% over the previous two days from beneath $0.80 per token to its present worth within the $0.96s.

Hype and hypothesis a couple of main upcoming announcement that might add to $TWT’s utility by Trust Wallet seems to be the catalyst of the newest transfer larger.

In a cryptic tweet shared on Wednesday, the crypto pockets developer mentioned “the countdown is on”, with out elaborating on any additional particulars.

That tweet alone seems to have been enough to encourage some degen merchants to pile into the market and pay an elevated worth of $TWT tokens within the hopes they is likely to be front-running main future positive aspects.

A significant increase to $TWT’s utility might be simply what the token must revive it from its 2023 bear market.

Whilst different sectors of the crypto market have rallied in 2023, Trust Wallet’s $TWT has misplaced greater than 30% of its worth, after failing to carry onto its post-FTX collapse positive aspects that despatched it as excessive as the $2.70s.

At the time, crypto merchants have been betting that FTX’s collapse would bolster demand for self-custody wallets, like these offered by Trust Wallet (thus additionally boosting $TWT’s demand and worth).

Price Prediction – Where Next for Trust Wallet ($TWT)?

$TWT’s newest push larger has seen it break convincingly to the north of its 21, 50 and 100-Day Moving Averages, a powerful sign of a constructive shift in short-term market momentum.

However, $TWT has to this point failed to interrupt above key resistance across the $1.0 degree, the place the 200DMA, July and August highs and March lows reside.

A clear break above this space, as effectively as resistance at $1.05, would open the door for a sustained bull market.

Of course, a lot is dependent upon the upcoming announcement from Trust Wallet, and whether or not it’s met with a constructive response from the crypto buying and selling group.

Crypto Alternatives to Consider

The near-term outlook for Trust Wallet ($TWT) is doubtlessly very robust, however crypto traders ought to all the time be trying to diversify their holdings.

An different and equally high-risk-high-reward funding technique to contemplate is getting concerned in crypto presales.

This is the place traders purchase the tokens of up-start crypto initiatives to assist fund their improvement.

These tokens are almost all the time offered cheaply, and there’s a lengthy historical past of presales delivering large exponential positive aspects to early traders.

Many of those initiatives have improbable groups behind them and an important imaginative and prescient to ship a revolutionary crypto software/platform.

If an investor can establish such initiatives, the chance/reward of their presale funding is superb.

The workforce at Cryptonews spends plenty of time combing by means of presale initiatives to assist traders out.

Here is an inventory of 15 of what the venture deems as one of the best crypto presales of 2023.

See the 15 Cryptocurrencies

^{Disclaimer: Crypto is a high-risk asset class. This article is offered for informational functions and doesn’t represent funding recommendation. You may lose all your capital.}