Trust Wallet Token (TWT) Sees Significant Surge in Price Following Listing on Binance Futures

1:52 pm
November 3, 2023

Trust Wallet Token (TWT) has experienced a remarkable increase in price, rising by 18% in just one week. The surge in price is attributed to TWT’s recent listing on Binance Futures, which has generated significant enthusiasm among investors. With its association with Binance and comparisons to Binance Coin (BNB), TWT has garnered attention in the cryptocurrency market.

Binance Futures Listing Sparks Excitement

TWT, the native token of Trust Wallet, has gained traction with its addition to the Binance Futures market. The move aims to expand Trust Wallet’s presence and provide users with a wider range of trading options. Binance Futures has a reputation for driving increased price action, and TWT’s immediate 22% surge in value after the listing demonstrates the impact of such listings on the token’s price.

Movement of TWT Price

At the time of writing, TWT is priced at $1.24 USD, with a market capitalization of over $515 million. The token currently ranks 71st in terms of market capitalization. TWT’s trading volume in the past 24 hours reached $188.9 million, highlighting the strong interest in the token following its debut on Binance Futures.

TWT has a circulating supply of 416,649,900 tokens, which accounts for about 41.66% of the total supply. The maximum supply of TWT is capped at 1 billion tokens, with an estimated fully diluted market capitalization of $1.24 billion USD. Investors and cryptocurrency enthusiasts are closely monitoring TWT due to its similarities with Binance Coin (BNB) and its association with Binance.

The performance of TWT’s price, along with its relationship to the Trust Wallet ecosystem and the broader cryptocurrency market, is expected to attract continued attention and speculation in the coming days.

FAQs

What is Trust Wallet Token (TWT)?

Trust Wallet Token (TWT) is the native token of Trust Wallet, a mobile wallet application for storing and managing cryptocurrencies. TWT is closely associated with Binance and offers various benefits within the Trust Wallet ecosystem.

What is Binance Futures?

Binance Futures is a cryptocurrency derivatives trading platform offered by Binance, one of the largest cryptocurrency exchanges in the world. It allows traders to speculate on the price movements of various cryptocurrencies using leverage.

What is the current price of TWT?

At the time of writing, TWT is priced at $1.24 USD.

What is the market capitalization of TWT?

TWT has a market capitalization of over $515 million.

How many TWT tokens are in circulation?

There are currently 416,649,900 TWT tokens in circulation.

What is the maximum supply of TWT tokens?

The maximum supply of TWT tokens is capped at 1 billion.

What is the fully diluted market capitalization of TWT?

The fully diluted market capitalization of TWT is estimated at $1.24 billion USD.

Why is TWT being compared to Binance Coin (BNB)?

TWT and BNB are both tokens associated with Binance, and they share similarities in their use within their respective ecosystems. The comparison arises from their association with Binance and their potential for success in the cryptocurrency market.


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