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Trust Wallet Token Price Prediction 2021 — Will TWT Surpass Its Current ATH Soon?

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  • Bullish TWT price prediction ranges from $0.56 to $1.
  • TWT price might also reach $1.3 soon.
  • TWT bearish market price prediction for 2021 is $0.35.

This Trust Wallet Token Price Prediction 2021 article is based on technical analysis alone. Below, you will see the key measures that we have taken into consideration upon coming up with our TWT price analysis and prediction.

The cryptocurrency market has started to surge again. There are many virtual assets that surged to a new all-time high during the recent 2021 bull run. In contrast, some digital assets had shown a downtrend as well. As a result, many digital asset investors and traders are confused about whether it is time to hold or sell the digital asset for a good price. This is the same case for TWT.

Nevertheless, the crypto market is consolidating lately, and most digital assets are losing their previous profits. Is the scenario the same with TWT price? We’ll find out shortly in this TWT price analysis 2021 article. But first, let’s have a quick background on what TWT is.

What Is a Trust Wallet Token (TWT)?

Trust Wallet Token (TWT) is a BEP-20 utility token that offers benefits and incentives to users. Moreover, Trust Wallet is a mobile-based digital asset wallet that enhances many famous native assets, in addition to popular tokens on the Ethereum, Binance, and TRON blockchain.

TWT token holders unlock many benefits of using a Trust Wallet. Adding discounts on in-app crypto-assets purchases and utilizing DEX services. Moreover, the TWT holders can also be involved in the governance of the Trust Wallet. It could vote on the proposed update of the Trust Wallet, however, helping to shape the development of the app. Initially, the Trust Wallet Token is launched as a BEP-2 asset on Binance Chain. In October 2020, it is relaunched as a BEP-20 token on Binance Smart Chain.

Now that we have an idea about TWT, do you think TWT will be profitable crypto in 2021? Join me and let us see the charts in this TWT price analysis and TWT price prediction.

Trust Wallet Token (TWT) Current Market Status

Trust Wallet Token is one of the most prominent crypto assets in the market today. In fact, crypto was able to record a huge growth rate of over +100% in the past two months. For this reason, TWT has become one of the most talked-about digital assets in the crypto world.

In terms of its market standing, crypto stands itself as one of the most aggressive cryptocurrencies in CoinGecko. As a result, TWT price trades at $0.435 with a 24-hour trading volume of $23,347,080.

Now that you already have an idea about what Trust Wallet Token cryptocurrency is, do you think Trust Wallet Token is a good investment this year? If you are ready to know, come let us check together this Trust Wallet Token price prediction and price analysis article.

Trust Wallet Token (TWT) Price Analysis 2021

Currently, TWT holds 250th place on CoinGecko. But will the recent upgrades, development, and changes in the blockchain help the digital asset price to reach higher? Let’s proceed to the charts in this TWT price prediction article.

TWT USDT chart showing Descending Triangle pattern
TWT/USDT chart showing Descending Triangle pattern (Source: TradingView)

In the above chart, which is kept in a daily time frame, it is possible to see the Descending Triangle pattern. This is an important indicator since TWT has been showing bearish over the past 2 months. Consequently, the descending triangle pattern hints that TWT will finally go bearish.

In the foreseeable future, we can say that TWT has a higher chance of going bearish than bullish.

The Relative Strength Index (RSI) is at 68, which means that TWT is in a nearly overbought state. However, at any given time this may proceed to a price reversal. 

Therefore, crypto traders must trade wisely and must not be affected by the market hype. Considering all this, traders can be cautious and move away from unexpected losses due to the crypto market’s huge wild swings.

Let us also see the Simple Moving Average (SMA) and the Exponential Moving Average (EMA) of TWT.

TWT USDT 30-day SMA and 50-day EMA
TWT/USDT 30-day SMA and 50-day EMA (Source: TradingView)

Since the start of 2021, TWT’s price has seen many bullish moves which are higher than the previous one. More so, these are followed by fluctuations and corrections right away. Taking this into consideration, TWT has a competitive market this 2021.

Trust Wallet Token (TWT) Price Prediction 2021

As shown below in this TWT price forecast chart, in a smaller time frame, TWT has shown a bullish uptrend.

The above TWT price forecast, TWT might push the TWT price to a bullish state. More so, in the short-to-mid term scenario for our 2021 TWT price prediction, TWT has to break the previous Fib retracement level at $1. To do this, it has to establish more support at the Fib level at $0.86. If not, bears may gain the upper hand and drag Trust Wallet Token to their territory.

Trust Wallet Token (TWT) Price Prediction 2022

If TWT’s bullish trend continues, TWT will reach $2 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $2.5. Then this rise will decrease, but no major falls are expected. With upcoming partnerships, and developments reaching $2 is quite optimistic in the price point of view but undoubtedly feasible for the near future. This indicates that TWT has a high possibility of reaching a new ATH soon.

Trust Wallet Token (TWT) Price Prediction 2023

The price of TWT can move even great heights, however reaching $3.5. Moreover, this is possible only if the market maintains its bullish trend. In addition, only if the cryptocurrency TWT breaks past the psychological resistance level.

Trust Wallet Token (TWT) Price Prediction 2024

As per the latest upgrades, developments, TWT price prediction, and new project forecasts of the platform the price surges. Moreover, this might boost the price of TWT in the crypto market, and it will be the best investment as the price can spike and reach around $6.5.

Trust Wallet Token (TWT) Price Prediction 2025

In the next four years, TWT prices could rise up to $8. However, reaching this level could not be so difficult for TWT as additional medium, short-term, and long-term price targets could be found to purchase or sell orders.

Conclusion

TWT has a great future ahead of it in 2021. With ongoing developments happening within the TWT ecosystem, as well as in the overall crypto market, we may see TWT reach new heights. The bullish price prediction of TWT is $1.

Meanwhile, our long-term TWT price prediction for 2021 is bullish. It has a high possibility of surpassing its current all-time-high (ATH) at about $1.3 this year. However, that will only happen if it breaks past a number of psychological resistances.

Also, if investors have decided that TWT is a good investment in 2021 along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

What is a Trust Wallet Token (TWT)?

Trust Wallet Token, or TWT, is a simple BEP-20 utility token that enables benefits and incentives to the users of Trust Wallet. Moreover, Trust Wallet is a mobile crypto wallet that enhances dozens of famous native assets, in addition to popular tokens on the Ethereum, Binance, and TRON blockchain.

How to Buy TWT Tokens?

Like other digital assets in the crypto world, TWT can be traded on many exchanges. Users can obtain TWT tokens by purchasing them from cryptocurrency exchanges such as Binance, or Tokocrypto.

Will TWT Surpass its Current ATH?

TWT is a good investment in 2021. However, TWT has a high possibility of surpassing its current ATH at about $1.3 this year.

Is TWT a good investment?

TWT is one of the active digital assets in the crypto market. In addition, TWT is now one of the most famous crypto platforms. However, TWT is a good investment in 2021.

What will be the Trust Wallet Token (TWT) price by 2022?

Trust Wallet Token (TWT) price is expected to reach $2.5 by 2022.

What will be the Trust Wallet Token (TWT) price by 2023?

Trust Wallet Token (TWT) price is expected to reach $3.5 by 2023.

What will be the Trust Wallet Token (TWT) price by 2024?

Trust Wallet Token (TWT) price is expected to reach $6.5 by 2024.

What will be the Trust Wallet Token (TWT) price by 2025?

Trust Wallet Token (TWT) price is expected to reach $8 by 2025.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.



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