TWT, the native token for Trust billfold, has been on a vast Battle of Bull Run over the past few weeks. At the time of writing, TWT was commercialism at $2.27 when a seven.5% gain in twenty four hours. The token is additionally up ninety two over the past week.

TWT value analysis

TWT has been one in all the best gainers over the past week. The Token has been playing contrary to the remainder of the market, that continues to be being battered by the end of the FTX cryptocurrency exchange.

Amid the recent value rally, TWT has already reached a brand new incomparable  high. The token reached associate incomparable  high of $2.71 before retiring slightly to this levels. this purchaser support might see the token making new record highs once more.

In the last twenty four hours, TWT has touched between the $1.83 and $2.71 levels, indicating high volatility. The TWT rally is attracting a lot of attention, as seen within the token’s commercialism volumes of over $820 million within the last twenty four hours.

Following the recent gains, the TWT market cap is additionally rising, and it presently stands at $933 billion, in line with CoinGecko, ranking it because the forty fifth largest cryptocurrency by this metric. because the value continues to realize because the remainder of the market struggles, it's possible that TWT can still rise within the market cap ranks.

The Relative Strength Index (RSI) movement shows a huge drop by shopping for pressure. once a replacement incomparable  high was hit, traders are marketing the token, explaining the drop from $2.71 to this value. The RSI at thirty-nine shows that the token is heading toward associate oversold level, hinting that the trend can reverse. If TWT breaks past $2.71 again, following target value are going to be $3.

Growing demand for self-custody wallets

TWT has been gaining amid a growing demand for Billfold storage following the collapse of FTX. The FTX exchange has already filed for Chapter eleven bankruptcy within the us, with billions of user funds still secured within the exchange.

The ending of FTX isn't the primary failure of a crypto firm this year. Users suffered similar losses once stargazer and traveller folded, raising issues concerning the safety of funds keep on exchanges. Users ar currently dashing to withdraw their tokens from exchanges to store them in wallets like Trust.

Trust may be a billfold created by the Binance exchange. not like storing funds on exchanges, wallets permit a user to be fully management of their funds. the most risk of storing crypto on wallets is forgetting the non-public key or phishing campaigns.

Trust billfold supports eight million crypto assets, as well as non-fungible tokens. It doesn't solely support funds from Binance however conjointly different exchanges. TWT is that the native token for the Trust billfold, with the growing use of this billfold translating to important gains for the token. Therefore, it's doubtless that TWT can continue rallying.