Why is TWT outperforming the whole crypto industry in the last 90 days? 3 reasons and 3 tokens that might follow the same trend
While the rest of the crypto market boils in a bloodbath, Trust Wallet Token (TWT) is marching ahead undismayed. TWT has been on an upward trajectory since early October and is selling for $1.19 at the time of writing, registering a 7.01% uptick on the daily charts.
3 Reasons Why TWT is Going Against the Trend
The FTX turmoil has taken down most cryptocurrencies with it. Although the market is slowly getting back on its feet after bleeding red for the last three days, the blotch is likely to remain for weeks. Few tokens have managed to weather the crash and TWT is one.
Trust Wallet Token 1-month price chart, 11 Nov 2022, CoinMarketCap
TWT is the utility token of Trust Wallet, the popular mobile-based cryptocurrency wallet that allows users to store 4.5M+ assets across 65 blockchains. It features a user-friendly interface for browsing DApps, NFT trading, and staking. Listed below are three reasons why TWT has been moving against the broader market trends.
Trust Wallet is widely accepted as a secure mobile wallet. Since the code is open-source, it has been vetted by industry experts from around the world. The excellent user experience and mobile-first approach also give it a competitive edge against other popular crypto wallets.
Here are three tokens that are likely to follow in TWT’s footsteps in the coming days, judging by their long-term vision, recent project developments, and social sentiments.
Dash 2 Trade (D2T)
Dash 2 Trade is one of the trending cryptocurrencies of November. The project is running a presale of its native token D2T, which will fuel the crypto analytics and intelligence ecosystem in the offing. Interestingly, the D2T presale has raised $5,883,118.34 in a matter of weeks, while the rest of the crypto market is in a steep downturn.
The success of the fast-moving presale can be attributed to the project’s market relevance and unique value propositions. Dash 2 Trade won’t be another crypto analytics platform dedicated to a narrow user base of experienced and institutional traders. It also caters to people who have little experience in trading. The goal is to help both seasoned and novice traders get better insight into the market through relevant data points.
Dash 2 Trade dashboard
For example, Dash 2 Trade makes it easy to stay on top of the market by providing the following:
The key highlight of the platform is its unique social indicators that help track socio-cultural movements. They play an integral role in determining the direction of the crypto market. It will be an interesting way to identify cryptocurrencies on the brim of a breakout.
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Strategy Builder and Backtester, on the other hand, provide tools for creating independent trading strategies. It mirrors live market conditions and helps traders analyze the feasibility and profitability of a strategy. Another key feature is the custom-made scoring system for presales and ICOs, which makes it easier to find promising presales and assess their value.
The dashboard also helps traders take an analytic look at the market through moving averages, support lines, correlation of price movements between coins and assets, order book statistics, etc.
Dash 2 Trade trading signals
There are more tools and functionalities that underscore the market relevance of Dash 2 Trade. Check them out on the Dash 2 Trade whitepaper.
D2T, the native ERC-20 token, gives holders a wide range of perks and privileges in the Dash 2 Trade ecosystem. It is used to give entry to trading competitions, reward users, and run back tests.
Dash 2 Trade tokenomics
Dash 2 Trade features are made accessible in a tier-based system. While anyone can sign up for the free tier and access basic features, you need to hold distinct amounts of D2T tokens to unlock the starter and premium tiers. Going forward, more use cases will be integrated into D2T.
⭐️ $150K GIVEAWAY IS STILL LIVE! ⭐️Join NOW And Get A Chance To Win🏆⬇️ #crypto #blockchain #cryptotrading #investing #giveaway — Dash 2 Trade (@dash2_trade) November 10, 2022
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Casper hasn’t had a great month. Much of the value it gained in October is now lost in the crypto meltdown. However, the current dip seems to be temporary and can reverse at any time, judging by the social sentiments around the project.
Casper 1-month price chart, 11 Nov 2022, CoinMarketCap
Casper is the first live proof-of-stake (PoS) blockchain based on the Casper CBC specification. It is aimed at accelerating the adoption of blockchain technology, smart contracts, and DApps on a global scale. It enables this, not just by making technical breakthroughs, but also through widespread campaigns and social media communities. As a result, Casper is one of the fastest-growing cryptocurrencies of 2022.
It claims to be building a future-proof architecture, which will ensure that the platform keeps in line with the fast-moving market and the growing demands of consumers. It caters to both enterprises and developers.
Casper’s ‘completely’ decentralized approach allows it to offer versatile use cases. The upgradeable smart contracts and predictable gas fees further make it a good alternative to existing blockchains. Moreover, the project introduces a new standard for blockchain energy consumption which is 136,000% more energy-efficient than bitcoin.
There will be new capabilities with the upcoming @Casper_Network's Zug protocol, including: 🟢 Capabilities for smart contracts 🟢 New gas fee mechanism🟢 Contracts that can stake the network 🟢 Contracts that can have delegated keys for upgrades — Casper (@Casper_Network) October 24, 2022
The Correct-by-Construction (CBC) Casper specification paves the way for the mainstream adoption of blockchain services on enterprise levels. The team’s credibility is also worth mentioning, with years of experience in running services at Adobe, Avalara, and Google.
Casper makes a decent long-term investment if the project sticks to its plans to penetrate a wider user base on a global scale.
BTT is the native currency of BitTorrent, the popular peer-to-peer (P2P) file-sharing platform that was all the rage before the rise of Netflix and Amazon Prime. BitTorrent was launched in 2001 with a unique system that allows the distribution of data and electronic files over the Internet in a decentralized manner.
The platform was purchased by leading blockchain player TRON in July 2018. Staying true to its pioneering decentralized vision, it took the inevitable plunge into the crypto market with BTT tokens. As one of the largest decentralized P2P communications protocols in the world, BitTorrent also had one of the most-hyped ICOs, thanks to the big names attached to the token. BitTorrent is the brainchild of Bram Cohen, who is the founder and CEO of Chia.
BitTorrent-New 1-month price chart, 11 Nov 2022, CoinMarketCap
It needs to be said that BitTorrent has seen its share of legal battles, although Cohen has stressed that the platform does not break copyright laws. Despite all of that, BitTorrent has managed to retain its high-cap crypto status amid the bear market. It is predicted to do better in the coming months as well, with new developments underway.
Battling the Bear Market with Presale Investments
Investing in presales is a good strategy to adopt during the bear market. Since presale tokens are offered at heavily discounted prices, they will reap the highest returns in the long run. Dash 2 Trade is hosting one of the most anticipated presales of 2022.
While traders are encouraged by the utility aspect of D2T, investors are looking into its long-term growth potential. If Dash 2 Trade dashboard goes live as planned, it can book 30X-50X returns for presale investors in early 2023.
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