In a fresh round of positive action from the crypto market, Trust Wallet’s native TWT token has seen a hearty surge of over 30%. This comes hot on the heels of a multitude of development activity concerning the Binance Smart Chain on Trust Wallet. In the recent period, TWT has been the buzzword in the BSC development circuit. The price movement was further magnified by a post on the Trust Wallet twitter account, hinting at an imminent, yet vague, major release.
The current trading value for TWT stands at $0.96, having experienced a dip of nearly 4% within the past 24 hours. This negative push can be chalked up to localized retracement after the price reached peak values to test the upper trendline resistance around the $1 mark.
However, support from the 20DMA has steadied the boat for the hefty tweet-induced 35% rise from last Wednesday. Importantly, the resulting upward surge has allowed TWT to break the resilient 200DMA barrier which has been untouched since March 4. Bullish sentiments are now focusing on solidifying their stand above the 200DMA in light of the upcoming announcement.
Despite the strength of Trust Wallet, the steep RSI reading of 67.3 casts shades of doubt, indicating an imminent retracement. Though the MACD indicates strength, it unveils a bullish divergence at 0.025 post the upward shift. On the whole, Trust Wallet navigates through choppy waters. Despite indicators suggesting potential retracement, TWT exhibits a strong momentum that could lead to a sturdy run following the announcement.
Simultaneously, the breakout narrative of GambleFi garners attention, propelled by a new Telegram-based casino: TG.Casino. Picking up momentum, the TG.Casino’s presale races to a solid $670k within a short period. TG.Casino isn’t a fly-by-night operation, but a well-constructed ecosystem that blends the excitement of the casino world and the decentralized appeal of the blockchain.
TG.Casino’s ample offerings alongside appealing bonuses set the stage for an immersive user experience. By ensuring robust data and fund protection, TG.Casino ensures a secure playland for their audience.
The intrigue surrounding TG.Casino intensifies with the staggering staking APY standing at 3,446%. The token’s versatility adds to its potential, especially its role in transaction processing. Given the robust ecosystem and frontier technology, TG.Casino not only presents an opportunity but a gateway to the future of Telegram GambleFi.
The token’s usage is more than just facilitating transactions. It also can be exchanged for gaming credits and other cryptocurrencies adding dimensions to its potential growth. TG.Casino indeed establishes a concrete foundation for the GambleFi narrative, aiming for a launch that resonates with users. However, as with any high-risk asset class, it’s always prudent to proceed with thorough research. After all, informed ventures are often successful ones!
Source: Cryptonews
