TWT (Trust Wallet Token) rose 50.77% in 24 hours.

Gate News Bot news, on September 19, according to CoinMarketCap, as of the time of writing, TWT (Trust Wallet Token) is currently reported at $1.20, rising 50.77% in the last 24 hours, reaching a high of $1.30 and a low of $0.76. The current market capitalization is approximately $516 million, an increase of $174 million compared to yesterday.

Trust Wallet Token is the native token of Trust Wallet. Trust Wallet is a popular cryptocurrency wallet application that supports multiple blockchains and tokens. TWT tokens can be used to pay network fees, participate in ecosystem governance, and more.

Important news about TWT recently:

1️⃣ TWT price rises sharply in the short term TWT experienced a significant rise on September 18, with an increase of over 8% within one hour, reaching a trading price of 0.8796 USD. This rapid pump laid the foundation for the subsequent substantial rise, demonstrating the market's sudden enhanced confidence in TWT.

2️⃣ Trust Wallet announces new incentive program The Trust Wallet team has launched a new program aimed at enhancing the benefits for TWT holders. This program includes two main components: an exclusive TGE (Token Generation Event) pre-airdrop and Trust Alpha, which are expected to increase the utility and appeal of TWT, thereby driving demand rise.

3️⃣ The market is optimistic about the development prospects of the TWT ecosystem Trust Wallet, as a well-known cryptocurrency wallet, has its native token TWT's value closely related to the development of the entire ecosystem. The launch of the new incentive program indicates that Trust Wallet is actively expanding its ecosystem, which may be an important reason why investors are optimistic about TWT's long-term development prospects.

From a technical perspective, TWT has shown strong upward momentum after breaking through the previous resistance level and may continue to maintain an upward trend in the short term. However, investors should remain vigilant about the potential pullback risks that may occur after a rapid rise.

This message does not constitute investment advice, and investors should be aware of market volatility risks.