Trust Wallet Token Price Prediction 2023, 2025, and 2030: Is TWT Token a good investment?

Trust Wallet Token Price Prediction 2023, 2025, and 2030: Is TWT Token a good investment?

Considering TWT’s growth rate of 55% in one month, its value might get doubled within just two months.

Trust Wallet Token Price Prediction: Is Trust Wallet making Web3 accessible to everyone?

For a few days, Trust Wallet is always in the headlines. Now, with the launch of its browser extension, Trust wallet is moving close to its goal of making Web3 accessible to every person.

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Image Source: Twitter

Let’s see how this browser extension can be helpful. Trust Wallet Browser Extension will help the users to import their mobile and browser wallets (such as MetaMask or Coinbase Wallet). In addition, users can import their Trust Wallet mobile account so that they can access their account on mobile and desktop very easily.

Therefore, this launch by Trust Wallet can indeed help users to access Web3 applications seamlessly because people can safely and securely connect to numerous dApps (Web3 dApps) through this browser extension.

Furthermore, Trust Wallet is planning to start its bounty hunt soon, though the details are not yet disclosed.

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Image Source: Twitter

Trust Wallet Token Price Prediction: Recent updates

Trust Wallet Token has increased by more than 12% in just one day. Its current market price is $2.03. It has a market capitalization of $895,458,589 and is increased by more than 7% in 24 hours.

Let’s see, if Trust Wallet Token is worth the hype, it is getting or is now overpriced.

Recently, Bybit announced the listing of $TWT/USDT on its Spot Trading platform where users can trade TWT without any fees.

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Image Source: Twitter

Bybit is a cryptocurrency trading platform which is quite transparent and user-friendly.  Listing TWT/USDT pair on spot trading means that people can trade TWT for USDT and vice versa at the current market prices with Bybit.

In another Tweet, Dinero, an on-chain crypto betting platform, announced its compatibility with MetaMask and Trust Wallet on mobile and desktop.

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Image Source: Twitter

Note that Dinero is a one-stop decentralized betting platform where people can bet on all the major sports competitions like Basketball, tennis, Football, Formula1, and UFC. There is no minimum entry cost, unlike centralized betting platforms.

Making Trust wallet compatible with Dinero has certainly increased the use cases of Trust Wallet and hence, TWT.  Therefore, Listing on Bybit and compatibility of Trust Wallet with Dinero is one of the reasons for the recent price increment of TWT.

Furthermore, as we know that the crash in FTX has severely affected the crypto market and has made people switch to self-custodial wallets. Recently, Gemini, a crypto exchange platform, suffered a net outflow of $495 million in the past 1 day, according to the data of Nansen (a real-time crypto insight platform). Data suggests that there was a total outflow of $563 million and an inflow of $58 million. Also, according to CZ, Binance has also seen a slight increase in the withdrawal in the recent few days.

The withdrawals from Gemini and Binance certainly depict that people are still not convinced with centralized exchanges and custodial wallets after the FTX crash. Therefore, it is another reason why TWT’s price is increasing.

Trust Wallet Token Price Prediction: What is Trust Wallet Token used for?

Trust Wallet Token is available to trade on various platforms including MXC, and Binance DEX. It can be traded against a variety of cryptocurrencies such as Bitcoin (BTC), Binance Coin (BNB) and Tether (USDT).

The following are the important use cases of the Trust Wallet token:

  1. It can be used as a payment method for various services accepting TWT.
  2. Being a BEP-20 asset, TWT can be used to swap with (or to buy) other crypto assets.
  3. TWT holders can participate in the Trust Wallet’s decision-making processes and vote on different updates and features.
  4. It can be used to access various discounts on crypto investments through Trust Wallet.

Trust Wallet Token Price Prediction

The current market price of TWT is $2.26 and is down by around 1.5% in 24 hours.

Trust Wallet Token Price Prediction
Image Source: Coinmarketcap

Before predicting whether TWT is expected to go up or down in the coming future, let us first overview its price history for the past few months. Its performance in the past months can help us gain the required context for the future. Let’s discuss:

Trust Wallet Token Price Prediction
Image Source: Coinmarketcap

Above is the TWT’s graph for 1 year and as we can see that the market price of Trust Wallet Token one year ago was $1.19. Hence, there is a hike of 80.92% in TWT’s price since November 2021. Also, there a numerous ups and downs stating that the hike wasn’t really2 continuous. Now, the reason behind the hike is the safety of Trust Wallet. No doubt that non-custodial wallets provide users with full control of their private keys and funds, eliminating the need for third-party in-between.

Apart from being a non-custodial wallet, Trust Wallet provides an additional safety feature. The Wallet safely stores the private keys for backup purposes and hence, the users can access it in case their device is broken or lost.

Trust Wallet Token Price Prediction
Image Source: Coinmarketcap

TWT’s price has increased by more than 50% in just three months (though the increase was not consistent), keeping in mind that its price 3-months ago was $1.13.

The all-time high value of TWT is $2.4 achieved yesterday only and after that, the price started to fall and is currently priced at $2.26 (not much below its all-time high). Also, TWT’s market price a month ago i.e., on 15th October was $1.02. It means that it has grown by more than 55% since then till November 15th.

One of the reasons for the increasing price of Trust Wallet Token is the FTX crash. No doubt that the crash of the FTX platform has caused a huge impact on the entire crypto market and the market is also crashing for a few days i.e., there is a continuous bearish trend. Despite all this TWT has managed to grow up and it skyrocketed reaching its all-time high value amidst this bearish market trend.

Here, the fear-driven behaviour towards exchanges led investors to choose non-custodial wallets, like Trust Wallet.

Now, considering its growth rate of 55% in one month, its value might get doubled within just two months.

Trust Wallet Token Price Prediction: Trust Wallet’s comparison with its competitors

Trust Wallet’s one notable competitor or alternative is Atomic Wallet whose native cryptocurrency is Atomic Wallet Coin.

Similar to Trust Wallet, Atomic Wallet is a decentralized non-custodial wallet where the users can have full control of their funds. Here, no third party has the access to their wallets and any sensitive information.

Trust Wallet Token Price Prediction
Image: 1-month graph for Atomic Wallet Coin

The current market price of Atomic Wallet Coin (AWC) is $0.633 and is down by around 5% in the last 24 hours. Its 1-month price graph states that the price has indeed increased in the past month, but the increase was only 34.92% in comparison to TWT’s 55.6% increase in the last 30 days.

Apart from that, if we look at the social media engagements of TWT and AWC, there is again a huge difference.

Trust Wallet Token Price Prediction
Image: TWT’s social media engagements over 1 week

We can see an increase in social media engagements of Trust Wallet Token by more than 1,400% in just one week. While, in the case of Atomic Wallet Token, the engagements have fallen by nearly 29% over a week.

Trust Wallet Token Price Prediction
Image: AWC’s social media engagements over 1 week

To conclude, Trust Wallet is surely outperforming its competitor at the moment in its price and social media sentiments.

Trust Wallet Token Price Prediction: Is TWT a good investment?

Trust Wallet supports numerous tokens in different blockchains such as Binance, TROn and Ethereum. Also, TWT holders can have added advantages while using the Trust Wallet. For instance, they can have discounts on various cryptocurrency purchases.

To answer, whether TWT is a good investment or not, let’s analyse its competitor’s price movements.

TWT’s competitors’ price analysis

Apart from its price movement, let’s have a look at how its competitors have done so far this year.

The current market price of AWC is $0.633 and is down by around 5% in the last 24 hours.

Trust Wallet Token Price Prediction
Image: 1-year graph for AWC

The market price of AWC has declined by more than 92% in a year, as suggested by the graph attached above, while in the case of TWT, there is a hike of 80.92% since November 2021 (as discussed earlier).

Also, because more people are now switching to non-custodial wallets, wallets such as Trust Wallet and Atomic Wallet Coin have much scope for future growth. It is because the custodial crypto wallets store all the user’s data in cold and hot storage which are easier to hack by intruders. It means that their security level is lower compared to the non-custodial wallets, where only users guard their private keys without the involvement of any third party.

Moreover, the recent FTX crash has made people distrust centralized exchanges even more and hence, the use of such wallets has increased in the past week.

However, looking at TWT and its competitor’s performances so far, it can be safely said that TWT has performed a lot better compared to its competitor.

What are the distinctive features of TWT that set it apart?

  • Trust Wallet is absolutely free to use and it facilitates the use of numerous cryptocurrencies.
  • Trust Wallet has enhanced usability i.e.; its user interface is simple to use.
  • Users can also play mobile games via this mobile app.
  • It also offers users to access various decentralized applications and decentralized exchanges.

It suggests that TWT is indeed a good investment option for the medium term, not just because it’s non-custodial, but because it also provides a safer option to secure the funds and assets along with multiple use cases.

Also Read: Can Trust Wallet be Hacked?

Trust Wallet Token price prediction- 2023, 2025 and 2030

Although the price prediction cannot be 100% accurate, deep analysis and the coin’s past performance can indeed predict its future. Let’s try to forecast TWT’s price for 2023, 2025 and 2030:

With a Coinmarketcap ranking of #51, Trust Wallet Token has a market capitalization of $829,127,383.23. Currently, 416,649,900 tokens are in circulation, which is 42% of the total supply.

Trust Wallet Token Price Prediction
Image: TWT’s all-time graph

Its all-time graph depicts that TWT’s price has increased by nearly 100% since the time of its launch in 2020. As discussed earlier, there is an increase of 80.92% in TWT’s price since a year and 55% in one month.

Trust Wallet Price Prediction 2023; analysis suggests that 2023 can see a maximum price of $4.5 while a minimum price of $3.7. Also, the average TWT’s price will be around $3.8 for the next year.

Trust Wallet Price Prediction 2025; according to the research and analysis, TWT’s price can continue to grow by 2025 and reach a maximum level of $9.5. The price will have a minimum level of $8.2.

Trust Wallet Price Prediction 2030; reports say that Trust Wallet Token, based on its utility can expect another peak at $62 by 2030. Also, the price will find a minimum level of $52.1 by the end of the year.

Trust Wallet Token Price Prediction: About Trust Wallet Token (TWT)

Trust Wallet is a crypto and NFT wallet which is non-custodial and mobile-based. It supports more than 4.5 million digital assets and 65 blockchains. Trust Wallet token is the native cryptocurrency of Trust Wallet. TWT is also a governance token of Trust Wallet, where the users can participate in the decision-making processes of the platform with the use of TWT.

Note that the TWTs can easily be transferred to any wallet and they can be exchanged for other assets. The token is among the first few tokens that were launched on Binance Smart Chain and hence, it required an extremely low fee for the transaction.

The maximum supply of Trust Wallet Tokens was set to 1 billion, out of which 1/4th is already in circulation. The token is based on BSC (Binance Smart Chain) and therefore, backed by a proof-of-stake consensus mechanism.

~Charu Taneja

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.

Charu Taneja

Charu Taneja