Trust Wallet Token Price Prediction: TWT Ascends to $0.85 – What’s Moving the Market?

Trust Wallet Token TWT price action shows a decline in the last 30 days by 4.2%. Also, it has been down in the last seven days, showing a slight increase in selling pressure.

At 6:24 a.m. EST, TWT’s price is $0.9, a 4.2% increase in the last 24 hours. This price gain in the last 24 hours stirred hope among investors. However, investors are unsure that the present gains are sufficient for a rally.

BNB Staking Feature Addition to Trust Wallet Can Boost the Ecosystem’s Adoption

On August 24, Trust Wallet announced the addition of a BNB staking feature to the Trust Wallet Extension. BNB is the native token of the world’s largest exchange, Binance. Now, users can stake BNB directly from their Trust Wallet Browser extension.

This staking relies on top and trusted validators and creates a pathway for users to earn more crypto. This function will likely promote interest and investment in the Trust Waller ecosystem, thereby boosting TWT tokens price.

Also, Trust Wallet will hold a webinar today, August 30, by 3:30 UTC (11:30 pm EST) to educate users on staking, its processes, security, and more.

Join us tomorrow for a #Binance live webinar! 💙

Pierre, our Business Development Manager, will guide you through the world of #staking, its mechanics, security, and more. Come and #BUIDL your knowledge with us!

🗓 August 30th 2023
⏰ 3:30 UTC
📍 https://t.co/iS6zwOfMap pic.twitter.com/f3HrQ4gkdz

— Trust Wallet (@TrustWallet) August 29, 2023

MoonPay and Trust Wallet Collaboration for Nigerian Users Will Likely Increase TWT Adoption

Trust Wallet Africa and Moonpay partnered to enable easy fiat-to-crypto purchases for Nigerian Moonpay users. These users will enjoy 0% fee transfers on the first five purchases made with Trust Wallet.

However, this exciting offer is time-bound and only available between August 28 and September 10. Trust Wallet has over 60 million users worldwide, with over 500 trusted partners in over 160 counties.

This promotion will likely boost the adoption of Trust Wallet in the Nigerian region and positively influence the price of TWT tokens.

CyberTrek Whitelist Winners Announced, Sparking Excitement in Trust Wallet Ecosystem

The #CyberTrek Whitelist spots are now full… There was a total of 34,358 WL spots awarded to eligible wallets! 💙

See full list below for both round 1 & 2.
🔗 https://t.co/QaA1K2uY00

Now, head to https://t.co/ZOmvJIlNTT, connect with #TrustWallet & earn Cyber rewards! 🚀 pic.twitter.com/hm6ArxHDL6

— Trust Wallet (@TrustWallet) August 23, 2023

Trust Wallet announced on August 23 that the CyberTrek whitelist spots are full, with 34,358 spots awarded to eligible wallets. This whitelist enables the selected participants to mint NFTs and earn rewards from a prize pool of $1.8 million.

The number of participants selected shows massive interest in the event from the crypto community. It will likely boost Trust Wallet’s adoption and TWT’s price in the long term.

Trust Wallet Token In Sideways Trend Today

TWT is trading in a sideways trend on the daily chart, reflecting traders’ indecision in the market. It dropped below the 50-day Simple Moving Average (SMA) since August 17 as the bears attempted to force it to the oversold region.

However, buyers are still active in the market and attempting to force a break above the 50-day SMA and kick-start a rally. Also, the Relative Strength Index (RSI) indicator is in the neutral region with a value of 44.63 but moving sideways. This confirms today’s prevalent trend.

If the RSI moves above 50, it might signal a return of the buyers for an aggressive accumulation phase.

Furthermore, the Moving Average Convergence/Divergence (MACD) that dropped below its signal line on August 15 shows signs of recovery. It is rising and attempting a retracement to the upside.

Also, the fading Histogram bars suggest that the trend is shifting to a more positive one. Although TWT is still below its 50-day and 200-dau SMA, a break above the 50-day indicator will confirm that the bulls have regained control.

Trust Wallet Token Trades Between Support and Resistance Levels. Will Bulls Prevail?

TWT trades range between the $0.83 support level and the $0.87 resistance. The bulls have severally attempted a break above the $0.87 resistance, but the selling pressure limited the slight gains.

However, after forming a large green candle yesterday, the buyers are attempting to force TWT above the $0.87 resistance. If the attempt succeeds, $0.92 becomes the next realistic profit target, although the momentum could shift either way.

Based on the technical indicator analysis, TWT will likely break above the $0.87 resistance in the coming days if the bulls sustain their charge.

But while TWT shows signs of price volatility and investor uncertainty, Sonik Coin is leading a fast meme coin revolution to reward users who purchase SONIK tokens during the presale.

SONIK Coin Offers TWT Investors Alternative Investment Option

Sonik Coin has a simple goal: achieving a market cap of $100 million in record time. This is similar to the record set by memecoin HarryPotterObamaPacMan8Inu that achieved a market cap of $200 million in less than 100 days.

This feat confirms the shifting sentiment of investors to take advantage of affordable meme coins to earn profit. One TWT token is worth $0.9 at 6:24 a.m. EST today, while 1 SONIK token is worth $0.000014 in the presale.

It implies that investors who missed out on TWT’s ICO can take advantage of the $SONIK presale to accumulate sufficient tokens and benefit from a potential price surge.

According to Michael Wrubel, a crypto analyst on YouTube with over 300,000 subscribers, SONIK is the next $1 million market cap crypto.

Sonik Presale Fast Selling Out

SONIK presale has just six days left with over $760,000 raised from the $2.09 million goal. Users can purchase these tokens with ETH or USDT once they connect a secure crypto wallet to the presale page.

Also Read:

• Moneta Digital Price Prediction: MMXN Makes Little Gains, Yet Interest Is Highs – What Do the Whales Know?
• Sonik Coin Poised for 10x Gains – A Chance to Get in Early on the Next Big Meme Coin.
• Sonik Coin Price Prediction – SONIK Price Potential in 2023

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