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Reasons Trust Wallet Token Price Has Skyrocketed — Time To Buy TWT?

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Trust Wallet Token Price Has Skyrocketed
Trust Wallet Token Price Has Skyrocketed

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According to statistics provided by CoinMarketCap, the price of TWT, the native token that powers Trust Wallet, a self-custodial cryptocurrency wallet, has increased by approximately 45% in the last twenty-four hours. After hitting an all-time high of $2.50 in today’s trade, the current price of TWT on the market is about $2.27. The price of TWT has increased by over 106% over the course of the past week, moving it up to the 42nd position among all cryptocurrencies when it comes to its market capitalization.

Why did Trust Wallet Token Skyrocket?

Amid the collapse of FTX, users are quitting exchanges and moving to wallets that do not provide custodial functions. It’s possible that this is at least partially responsible for the price increase of TWT.

The CEO of Binance, Changpeng Zhao, contributed to the development of the token by tweeting about the significance of self-custody and encouraging users to implement Trust Wallet. This was a factor in the ascent of the token. 

Binance obtained Trust Wallet in 2018, and it is a decentralized hot wallet that makes it simpler to store cryptocurrencies and non-fungible tokens. Binance is the owner of Trust Wallet. Additionally, it is compatible with a variety of blockchains.

Zhao is advocating for self-custody as a solution for investors who are rethinking how best to safeguard their holdings in the aftermath of the hack that led to the collapse of the cryptocurrency exchange FTX and the subsequent theft of coins worth $600 million from the firm’s wallets. 

Ben Armstrong, commonly known as BitBoy, is a cryptocurrency influencer who uploads videos to YouTube and he recently encouraged his subscribers to explore self-custody while referencing Trust Wallet.

Have You Checked Out This Crypto Presale Which Is Making Waves?

You may decide to invest in the Trust Wallet Token; however, there is another token that is now in the stage of its presale and is already being hailed as the presale that has been the most successful so far this year. 

The once in a lifetime investment opportunity offered by Dash 2 Trade is one of the most appealing options available. The continuing presale has pulled in over 6 million dollars up to this point. 

Users of Dash 2 Trade will have direct access to a plethora of sophisticated tools, one of which is trading signals for cryptocurrencies.

Users of Dash 2 Trade will furthermore have the opportunity to design and implement their own automated trading systems. The measurements provided by Dash 2 Trade can serve as the foundation for backtesting any trading strategy.

The user may determine whether or not the strategy has a decent possibility of being lucrative by making use of the backtesting tool, which provides an accurate representation of the current situation of the bitcoin market. 

Token holders will find it much simpler to communicate with one another thanks to the social trading capabilities offered by Dash 2 Trade.

The primary use of this is to serve as the Dash 2 Trade subscription payment mechanism for D2T apps. A monthly membership fee is required for users in order for them to have access to the aforementioned trading tools, information, and services. 

The fact that D2T is the sole mode of payment accepted by the token ensures that it will continue to be a valuable asset in the future.

The most exciting aspect of Dash 2 Trade is that it is participating in some of the most successful crypto presales of 2022. A preliminary sum of over six million dollars has been collected, and work on Phase 3 has already begun. 

At this time, one D2T coin is equivalent to $0.0513. If the pre-sale raises more than $10 million, then the cost of a D2T token will jump to $0.0533 per token.

Investors stand a chance of reclaiming their D2T tokens after the ninth and final round of the presale. As soon as all of this is finished, D2T will join the market for LBANK. D2T tokens are now one of the most promising investments among cryptocurrencies and will position you advantageously for 2023.

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