FTT - Why Is Nobody Talking About This Crypto Up 227% for the Year?
The top crypto of 2023 is up a stratospheric 227% year to date and an eye-popping 96% over the past 30 days. Yet, before November, nobody was talking about it. It was only after the FTX (CRYPTO: FTT) market meltdown that Trust Wallet Token (CRYPTO: TWT) exploded into prominence.
The reason is simple: In the wake of FTX, people are skittish about holding crypto on exchanges, and Trust Wallet Token solves this problem. Trust Wallet Token is the utility and governance token of Trust Wallet, one of the most popular self-custody crypto wallets for investors. Instead of storing crypto on a major exchange, you can simply store it on your mobile phone. Given all the drama surrounding FTX and discussions about the future of crypto, Trust Wallet Token needs to be on your investment radar.
Of course, Trust Wallet is hardly the only self-custody crypto wallet solution on the market today. For example, if you are an active Coinbase (NASDAQ: COIN) user, you probably have downloaded Coinbase Wallet to your mobile phone. So it's not like Trust Wallet Token is some kind of exotic crypto -- it's just one you might not have heard of as a casual investor if you don't use Trust Wallet. Right now, Trust Wallet Token is actually one of the top 50 cryptos in the world by market capitalization.
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Why Is Nobody Talking About This Crypto Up 227% for the Year?