The Trust Wallet token has been the greatest gainer since the FTX fallout in early November. TWT has gained more than 200% over the past year, with most gains coming from the increased adoption of self-custody wallets.
Trust Wallet token gains 219% in one year
This year has seen one of the harshest crypto winters in history. The bear market intensified last month after FTX filed for bankruptcy, with Bitcoin and most altcoins plunging to significant lows. However, TWT has decoupled from the broader market over the last month.
In the last 24 hours, TWT has traded between $2.45 and $2.71, creating a new all-time high. The gains made by TWT over the past month have sent the token soaring 219% in the past year. TWT has a market cap of over $1 billion and ranks as the 41st largest crypto by this metric.
The most crucial level to watch out for TWT is $2.72. At this point, the token will be at a new all-time high, and traders could start accumulating in anticipation that the rally will continue. Breaking past $2.72 could see TWT claim $3 before the year ends.
On the downside, if the bulls weaken and TWT is rejected at $2.70 again, it could trigger another downtrend toward $2.45. Dropping below $1.80 will erase the bullish thesis.
TWT has a Relative Strength Index of 55, pointing toward high buying pressure. The token’s price chart also shows a significant uptrend over the past month, and bulls do not seem to be showing signs of weakening, which makes it likely that TWT will continue rallying higher.
TWT’s gains over the past month are attributed to FTX’s demise. After the exchange collapsed, crypto traders started taking their funds out of exchanges and storing them in self-custody wallets like Trust.
Binance acquired Trust Wallet in 2018. It is a decentralized wallet that works across different blockchains. The wallet allows crypto investors to store both cryptocurrencies and non-fungible tokens.
Two altcoin alternatives to buy for 10x gains
As TWT shows signs of rallying to another record high, crypto traders are watching out for other altcoins that could make 10x gains. The best altcoins to add to your crypto portfolio include Dash 2 Trade and IMPT.
Dash 2 Trade
Dash 2 Trade is an intelligence platform seeking to maximize the trading success of crypto investors. The platform will equip crypto investors with top-notch trading tools, information, and data to help them make informed decisions. The beta dashboard is nearing launch, as the team is ahead of schedule.
The Dash 2 Trade presale is in the last stage, and 1 D2T is priced at $0.0533. 69% of the presale tokens have already been sold. The presale has so far raised more than $9.1 million, and it will end after raising $13,420,750.
IMPT is a green project running on the Ethereum blockchain. The platform seeks to help individuals and businesses to lower their carbon footprint through the IMPT marketplace. This marketplace allows the purchase and sale of carbon credits.
The IMPT presale will end after two days. The presale has already raised more than 416.69 million. After the presale ends, exchange listings will happen on December 14. The token has already secured listings on LBank, Changelly, and Uniswap.
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