Trust Wallet Token Price Prediction: Can TWT Surge 10% Even As Bitcoin Minetrix Steals the Spotlight?

On Oct 6, 2023

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Trust Wallet Token (TWT), the native token of leading self-custody wallet Trust Wallet, is surging as it breaks above the consolidation phase, gaining almost 22% in the last 7 days to reach the $0.98 resistance point.

Over the past 24 hours, the token has experienced a drop of 0.6% as the price declined following this resistance and is now trading at $0.93 as of 8:36 a.m. EST.

The vibrant community formed around Trust Wallet has become a lifeline source for TWT, with enthusiasts willing to bet on its future as a token and as a crypto project that helps shape the future of DeFi and Web3.

Trust Wallet Token $TWT is on fire 🔥, up 15.07% in the last 24 hours! It’s now ranked #81 on @CoinMarketCap with a $380M market cap.#TWT #twtusdt #TrustWalletToken #cryptocurrency #CryptoInvesting #TrustWalletExtension pic.twitter.com/ev8mYH97W5
— Adasamuel (@adasamuel66644) October 5, 2023

This sudden surge of interest in Trust Wallet Token is also positively impacting its market capitalization, which, according to Coingecko, has reached $386 million.

TWT Price Indicates a Potential Correction to $0.90 Support Zone

TWTUSD Chart Analysis. Source: Tradingview.com

TWT broke through the $0.77 support level, creating a platform for the bulls to drive the price up to the current resistance at $0.98. However, the bears used this point to correct the price and recover their losses, impeding further bullish gains and causing it to drop below the $0.93 support level.

The price indicators display bullish signals for TWT, with the 50 and 200 moving averages trading below the current price at $0.81 and $0.91, respectively. Furthermore, the position of the 50 SMA suggests a potential rebound for TWT, indicating a neutral outlook.

Additionally, the relative strength index (RSI) has rebounded from the overbought region of 70 and is currently trading below the 50 mark, indicating neutrality. With an RSI of 45, a rebound from this level will likely drive the price back into the overbought region.

TWT May Reach New Highs

TWT is currently in a bullish trend with supportive price indicators. If the momentum continues, TWT has the potential to reach new highs as the bulls aim to reclaim the $0.98 resistance level, marking a 10% increase from its current price.

On the contrary, the bears may target the $0.90 support zone during the correction. A breach below this support level could eat into the gains made by the bulls, possibly pushing the price down to the $0.86 support level.

Bitcoin Minetrix though has been gaining attention for its innovative approach to democratizing Bitcoin mining, and influencers in the crypto space are closely monitoring its progress. It’s worth considering as an alternative to TWT.

Bitcoin Minetrix Surpasses $500k Presale Milestone: A Game-Changer in Bitcoin Mining

Bitcoin Minetrix (BTCMTX) has recently achieved a significant milestone by surpassing its $500k presale target. This achievement has captured the attention of the crypto world’s top influencers, who are eagerly anticipating its potential impact.

Update from #BitcoinMinetrix! 📣
We have raised over $500,000. pic.twitter.com/twJWjK7MjH
— Bitcoinminetrix (@bitcoinminetrix) October 5, 2023

The project is the first tokenized Bitcoin cloud mining operation, marking a substantial development in the crypto industry.

Participate in the Stake to Earn, Passive Income

Bitcoin Minetrix’s innovative approach involves redistributing mining profits from corporate entities to retail investors, achieved through a method called stake-to-mine.

#BitcoinMinetrix aims to transform the #Bitcoin Cloud Mining landscape by introducing a Stake-to-Mine mechanism automated by smart contracts.
Envisioning a safe and efficient ecosystem between #Blockchains that combats the drawbacks of conventional cloud mining. 🌐 pic.twitter.com/NtNlMWROmx
— Bitcoinminetrix (@bitcoinminetrix) October 5, 2023

By depositing their $BTCMTX tokens into the staking pool smart contract, participants earn credits for cloud-based Bitcoin mining.

Currently, the project produces 158.5 tokens for each Ethereum (ETH) block, giving an impressive annual percentage yield (APY) of 1,149%, with 36,278,677 tokens already staked. This yield is derived from rewards allocated from the token supply.

Once mining operations commence, the stake-to- period ends, and participants start generating profit from mining activities based on the number of tokens they commit to the stake-to-mine process.

Join BTCMTX Presale Now, $30000 Giveaway

The project’s presale has already garnered an impressive $558,518 in funding, demonstrating robust investor interest in the platform’s offerings. You can acquire each token for $0.011.

As the presale advances through each successive stage, the token’s price will increase by 10%, making now an opportune moment to participate.

Prominent YouTuber Crypto Gains, with over 108k subscribers, expresses excitement about how this project could disrupt the industry for the benefit of smaller investors.

The channel host believes that Bitcoin Minetrix’s approach can help decentralize hash power, addressing the ongoing mining competition.

To further attract buyers, BTCMTX has announced a $30,000 Minedrop giveaway, providing six different entry methods.

🎉 #BitcoinMinetrix $30,000 Minedrop Is Now Live! 🎉
Get ready for your chance to win a share of $30,000 in $BTCMTX!
Follow the steps in the link below for the chance to win one of ten $3,000 $BTCMTX Prizes! 💰
➡️ https://t.co/v1UKskxi4Y pic.twitter.com/nseOBTNO9N
— Bitcoinminetrix (@bitcoinminetrix) October 5, 2023

Join the presale and participate in stake-to-mine by acquiring Bitcoin Minetrix BTCMTX tokens with a minimum investment of just $10 by connecting your Web3 wallet to the BTCMTX website and buying using ETH, BNB, USDT, or bank cards.