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Crypto Wallet’s Native Token Explodes Over 150% in Less Than a Week As Altcoin Markets Bounce

Altcoins

dailyhodl.com 22 March 2022 23:16, UTC
  
Reading time: ~2 m

An altcoin that powers one of the most popular crypto wallets is soaring amid a general uptrend in the markets.

Trust Wallet, which is owned by the giant cryptocurrency exchange Binance, enables users to manage thousands of different crypto assets.

It’s also equipped to store non-fungible tokens (NFTs) and comes with a built-in Web3 browser that’s compatible with DApps (decentralized applications).

Binance recently announced that its native asset Trust Wallet Token (TWT) would be supported for cross margin trading paired with Tether (USDT). In cross-margin trading, a user’s assets are spread across all open positions.

The exchange also revealed in a tweet that Trust Wallet’s head of operations Brian Tan would be attending the Binance Blockchain Week event being held from March 28th to 30th in Dubai.

.@TrustWallet's Head of Operations, Brian Tan, will be joining us March 28-30 at #BinanceBlockchainWeek!

Don't miss out on Brian's panel discussion covering passive income in crypto, why it matters for users and much more.

— Binance (@binance) March 9, 2022

Tan’s resume includes previous management positions at Binance and Uber.

Trust Wallet is also specifically able to accommodate users in El Salvador, which last September became the first country to recognize Bitcoin (BTC) as legal tender.

Trust Wallet Token has had a great run as of late, rising from $0.62 to $1.57 in less than seven days, representing gains of over 153%.

Just in the last 24 hours, TWT went vertical by 38.4% from $0.91 to $1.26 before correcting. It remains up 18.8% on the day and trading for $1.12.


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