Trust Wallet Token (TWT) has seen a 4.2% decline in the last 30 days, with a slight increase in selling pressure in the last seven days. At 6:24 a.m. EST, TWT’s price is $0.9, a 4.2% increase in the last 24 hours. This price gain has stirred hope among investors, but they are unsure if the present gains are sufficient for a rally. Trust Wallet recently announced the addition of a BNB staking feature to the Trust Wallet Extension. This staking relies on top and trusted validators and creates a pathway for users to earn more crypto. This function will likely promote interest and investment in the Trust Waller ecosystem, thereby boosting TWT tokens price. Trust Wallet will also hold a webinar today, August 30, by 3:30 UTC (11:30 pm EST) to educate users on staking, its processes, security, and more.Trust Wallet Africa and Moonpay have partnered to enable easy fiat-to-crypto purchases for Nigerian Moonpay users. These users will enjoy 0% fee transfers on the first five purchases made with Trust Wallet. This promotion will likely boost the adoption of Trust Wallet in the Nigerian region and positively influence the price of TWT tokens.The CyberTrek whitelist spots are now full, with 34,358 spots awarded to eligible wallets. This whitelist enables the selected participants to mint NFTs and earn rewards from a prize pool of $1.8 million. The number of participants selected shows massive interest in the event from the crypto community. It will likely boost Trust Wallet’s adoption and TWT’s price in the long term.TWT is trading in a sideways trend on the daily chart, reflecting traders’ indecision in the market. It dropped below the 50-day Simple Moving Average (SMA) since August 17 as the bears attempted to force it to the oversold region. However, buyers are still active in the market and attempting to force a break above the 50-day SMA and kick-start a rally. TWT trades range between the $0.83 support level and the $0.87 resistance. The bulls have severally attempted a break above the $0.87 resistance, but the selling pressure limited the slight gains. However, after forming a large green candle yesterday, the buyers are attempting to force TWT above the $0.87 resistance. If the attempt succeeds, $0.92 becomes the next realistic profit target.Sonik Coin is leading a fast meme coin revolution to reward users who purchase SONIK tokens during the presale. Sonik Coin has a simple goal: achieving a market cap of $100 million in record time. This is similar to the record set by memecoin HarryPotterObamaPacMan8Inu that achieved a market cap of $200 million in less than 100 days. This feat confirms the shifting sentiment of investors to take advantage of affordable meme coins to earn profit. One TWT token is worth $0.9 at 6:24 a.m. EST today, while 1 SONIK token is worth $0.000014 in the presale. It implies that investors who missed out on TWT’s ICO can take advantage of the $SONIK presale to accumulate sufficient tokens and benefit from a potential price surge.SONIK presale has just six days left with over $760,000 raised from the $2.09 million goal. Users can purchase these tokens with ETH or USDT once they connect a secure crypto wallet to the presale page. According to Michael Wrubel, a crypto analyst on YouTube with over 300,000 subscribers, SONIK is the next $1 million market cap crypto. TWT shows signs of price volatility and investor uncertainty, but the bulls are attempting to force a break above the $0.87 resistance in the coming days if they sustain their charge. If successful, $0.92 becomes the next realistic profit target. SONIK Coin offers TWT investors an alternative investment option with the potential for 10x gains.

This News Article was automatically generated by Bob the Bot (AI)

Information	Details
Geography	Africa
Countries
Sentiment	positive
Relevance Score	8
People	Elon Musk, Michael Wrubel, Pierre
Companies	Binance, OpenSea, CyberTrek, YouTube, Moonpay, Trust Wallet
Currencies	Ethereum, Bitcoin, BNB, Tether, Trust Wallet
Securities	None