Native Crypto Wallet Token Explodes Over 150% in Less Than a Week as Altcoin Markets Rebound

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An altcoin that powers one of the most popular crypto wallets is soaring amid a general upward trend in the markets.

Trust Wallet, which is owned by cryptocurrency exchange giant Binance, allows users to manage thousands of different crypto assets.

It is also equipped to store non-fungible tokens (NFTs) and comes with an integrated Web3 browser compatible with DApps (decentralized applications).

Binance recently announced that its native Trust Wallet Token (TWT) asset will be supported for cross-margin trading paired with Tether (USDT). In cross margin trading, a user’s assets are spread across all open positions.

The exchange also revealed in a tweet that Trust Wallet COO Brian Tan will be attending the Binance Blockchain Week event taking place March 28-30 in Dubai.

Tan’s resume includes previous leadership roles at Binance and Uber.

Trust Wallet is also specifically able to accommodate users in El Salvador, which last September became the first country to recognize Bitcoin (BTC) as legal tender.

Trust Wallet Token has had a great run lately, rising from $0.62 to $1.57 in less than seven days, representing gains of over 153%.

In the last 24 hours alone, TWT rose vertically 38.4% from $0.91 to $1.26 before correcting. It remains up 18.8% on the day and is trading at $1.12.

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Featured Image: Shutterstock/tykcartoon/Fotomay

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