Trust Wallet Price Prediction 2024: How is TWT Set for the Future?

Key Takeaways

• The Trust Wallet token was one of the few cryptos to rise in 2022, doubling at a time when the market more than halved. 
• TWT did not perform so well in 2023.
• Can Trust Wallet consistently trade above $1?
• One Trust Wallet price prediction says it can reach $5.24 next year.

Although it was a rare crypto success story in 2022, Trust Wallet fared less well in the first half of 2023.

The platform’s links to Binance saw the TWT token reach a low following the news that the United States Securities and Exchange Commission (SEC) was to sue the world’s biggest crypto exchange in June.

The token rallied after a new kind of Binance listing following a rebrand. Now, after a slow start of 2024, what’s next for TWT?

Trust Wallet did not immediately respond to a request for comment.

But what is Trust Wallet (TWT)? How does Trust Wallet work? Let’s see what we can find out, and also take a look at some of the Trust Wallet Price Predictions that were being made as of February 28, 2024.

Trust Wallet Price Prediction 

Let’s examine some of the Trust Wallet price predictions being made on February 28, 2024. It is crucial to bear in mind that price forecasts, particularly for a potentially volatile asset like cryptocurrency, often turn out to be inaccurate. Additionally, please remember that many long-term crypto price predictions are generated using algorithms, meaning they can change over time.

First, CoinCodex  had a short-term Trust Wallet price prediction which saw the token reach $ 1.316478 by March 4 before climbing to $ 1.415645 by March 28. The site’s technical analysis was bullish, with 26 indicators sending positive signals and just two making bearish ones. 

Trust Wallet Price Prediction for 2024

DigitalCoinPrice  was extremely optimistic, saying Trust Wallet would reach $2.95 in 2023. Bitnation  had the token trade at $3.86 and PricePrediction.net  thought TWT would get to $2.12 this year.

Trust Wallet Price Prediction for 2025

Bitnation’s Trust Wallet price forecast for 2025 of $5.24 was above DigitalCoinPrice’s $3.47. PricePrediction.net was more cautious, saying TWT would trade at $3.22 in two years.

Trust Wallet Forecast for 2030

Looking at a more long-term Trust Wallet price prediction, PricePrediction.net said that the token would get to $20.99 in 2030. Meanwhile, DigitalCoinPrice had it worth $10.10 that year. Bitnation made a TWT price prediction that saw the crypto stand at $12.13 at the start of the next decade. 

Google Gemini AI Price Prediction for Trust Wallet (as of February 28)

Google’s Gemini AI platform gave the following price prediction for Trust Wallet on February 28. Please remember that the exact price prediction of an asset or cryptocurrency in the future is nearly impossible to achieve. Additionally, artificial intelligent price predictions are predicated on past performances and are in no way entirely accurate.

Short Term (Next 3 months)

• Expected price: $1.32

• Factors to Consider:
  • Market Volatility: The cryptocurrency market is notoriously volatile, meaning prices can fluctuate significantly in short periods. This volatility makes accurate price predictions challenging.
  • Regulatory Landscape: Regulations surrounding cryptocurrencies can evolve rapidly and impact their price.
  • Underlying Technology: The adoption and development of the underlying technology behind the cryptocurrency can influence its price.
  • Overall Market Sentiment: The general sentiment towards cryptocurrencies can also affect individual prices.

Medium Term (Next 6 months)

• Expected price: $2.12

• Factors to Consider:
  • Market sentiment: Overall market conditions, including investor confidence and fear, can significantly impact TWT’s price. If the broader cryptocurrency market experiences a bull run, TWT could see its price rise. Conversely, a bear market could lead to a price decline.
  • Adoption and usage: Increased adoption and usage of the Trust Wallet app and its TWT token could drive up its price. This could be influenced by factors like new features, integrations, and partnerships.
  • Regulations: Regulatory changes and policies could impact the entire cryptocurrency market, including TWT.

Long Term (Next 5 years)

• Expected price: $4.37

• Factors to Consider:
  • Overall cryptocurrency market trends: The broader performance of the cryptocurrency market, particularly Bitcoin (BTC), can significantly impact TWT’s price.
  • Adoption and integration of Trust Wallet: Increased adoption and integration of Trust Wallet as a user-friendly crypto wallet solution could drive demand for TWT.
  • Regulations and legal frameworks: Regulatory developments and legal frameworks surrounding cryptocurrencies can create uncertainty and impact investor sentiment, potentially affecting TWT’s price.
  • Development and innovation: The ongoing development and innovation within the Trust Wallet ecosystem, including new features and functionalities, can influence its user base and potentially impact the TWT price.

TWT Price History

Let’s now take a look at some of the highlights and lowlights of the Trust Wallet price history . While past performance should never be taken as an indicator of future results, knowing what the coin has done can help give us some very useful context when it comes to either making or interpreting a Trust Wallet price prediction. 

TWT first came onto the open market in the summer of 2020, when it was worth about $0.01. Although it spent some time below the cent towards the end of the year, things picked up in early 2021. The crypto market blossomed and TWT reached a periodic high of $1.30 on 3 May.

The token dropped over the summer, but Trust Wallet’s compatibility with non-fungible tokens (NFTs) saw it gather a lot of interest later in the year, with it hitting $1.65 on 5 September. It fell to close the year at $0.7102.

Although most coins and tokens had a terrible time in 2022, TWT was one of the few cryptos to grow in price over the year. It managed to cope with a series of crashes that left the market struggling.

The news  that Binance founder Changpeng “CZ” Zhao had urged people to use the wallet in the wake of the collapse of the FTX exchange, coupled with the launch  of a web browser extension, saw it reach an all-time high of $2.71 on 11 December 2022.

Although it soon dropped substantially after this, its price at the end of 31 December was still $1.42, pretty much 100% what it had been a year earlier.

This was good news by any measurement, but when compared to a crypto market that lost more than 60% of its overall value in 2022, this was superb news. 

Trust Wallet in 2023 and 2024

So far, 2023 has been a bit more worrying for TWT’s holders. The token continued its decline throughout the first few months. It reached a nadir on June 12. With the market in turmoil following the news that the SEC was suing Binance and Coinbase, it fell to $0.7132.

Since then, it has made a recovery, albeit with peaks and troughs. On October 7 it broke past $1 for the first time since early June and reached $1.05 the following day. It dropped below the dollar, but early November saw it shoot up. On November 7, 2023, TWT was worth about $1.70.

It ended 2023 at $1.2209 and stayed down in January 2024 before growing again the following month, reaching $1.39 on February 28, 2024.

At that time, there were 416.6 million TWT in circulation, out of a total supply of just under one billion. This gave the token a market cap of about $579.0 million, making it the 124th largest crypto by that metric. 

Trust Wallet Price Analysis

TWT’s price reached $2.70 in December 2022. After it did, it embarked on a long-lasting downtrend which saw it lose 75% when it dropped to $0.70 in June last year. 

The token has recovered since then. It is currently at a historic resistance level. However, it has the potential to break out, in which case TWT could reach an all-time high. On the other hand, it could fall, which means it could sink to $1.

Is Trust Wallet a Good Investment?

It is difficult to tell. TWT has struggled in 2023. Although it has been making progress since reaching a low in June, it is not out of the woods yet. It will need to spend a significant period above the dollar. 

The platform’s links to Binance, at a time when the world’s largest crypto exchange is facing legal action, will not have helped its token’s price.

Furthermore, there is no Trust Wallet whitepaper. That means that investors do not have an official place where they can find out exactly what Trust Wallet is or what it does.

On the other hand, we have to remember that TWT was a top performer in 2022, doubling in price at a time when the size of the overall market more than halved. 

As ever with crypto, you will need to make sure you do your research before deciding whether or not to invest in TWT.

Will Trust Wallet go up or down?

No one can tell right now. While the Trust Wallet crypto price predictions are largely positive, price predictions have a well-earned reputation for being wrong. Keep in mind, too, that prices can, and do, go down as well as up. 

Should I invest in Trust Wallet?

Before you decide whether or not to invest in Trust Wallet, you will have to do your research, not only on TWT, but on other, related, coins and tokens such as Internet Computer (ICP) and 1inch (1INCH). Either way, you will also need to make sure that you never invest more money than you can afford to lose.

Trust Wallet (TWT) Explained

Crypto wallets are a crucial part of the world of blockchain-based finance. The idea that there is a place where someone can store and keep track of their crypto holdings is something that, as more and more new coins and tokens come onto the market, is pretty much essential for traders.

Trust Wallet  is one of many crypto wallets on the market. It is based on the Binance (BNB) blockchain.

The platform was bought  by Binance itself in 2018. Radchenko stepped down as CEO for family reasons in March 2022 to be replaced by former Binance marketing chief Eowyn Chen. 

Trust Wallet is supported by its eponymous crypto token, which goes by the ticker handle TWT.

How Trust Wallet Works

Trust Wallet is, basically, a mobile phone app that allows people to hold cryptos based on a variety of blockchains, including Ethereum (ETH), Binance, and Tron (TRX). 

Users have their private keys to Trust Wallet. On one hand, this means that the platform is more secure, but it does come with the disadvantage that, if someone forgets their password, they lose access to their crypto.

People with Trust Wallet can also stake a range of coins and tokens. The system offers them interest rates of up to 11%.

In terms of TWT itself, holders can get discounts when trading on exchanges linked to Trust Wallet. People who have TWT can vote on proposals regarding the platform, and TWT can also be bought, sold, and traded on exchanges.

Trust Wallet Attention Tracker

Here is a chart for the Trust Wallet Google search volume for the past 90 days. This represents how many times the term “Trust Wallet TWT” has been Googled over the previous 90 days.

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Disclaimer 

Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about this information’s completeness, reliability, and accuracy. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto user should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

About the Author

Peter Henn

Peter Henn has been a journalist since 2005. In that time, he has written for a variety of publishers including the Mail on Sunday and the Daily Express. He has previously covered the world of cryptocurrency for Currency.com and Capital.com, and has also written for ECigIntelligence.com and CBD-Intel.com. A graduate of the University of Liverpool, he is based in the United Kingdom. His hobbies include music, horse racing and performance art.

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