Investment idea: buying TWT in anticipation of a new wave of growth
ENCRY Foundation co-founder talks about altcoin prospects for one of the popular cryptocurrencies
My choice this week is TWT, a Trust Wallet token. Let me remind you that the coin has been actively growing for the last month amid the collapse of FTX and the mass withdrawal of cryptocurrencies from centralized exchanges.
I believe this trend will continue and possibly intensify amid FUD around the world's largest cryptocurrency exchange, Binance. It has once again been accused of helping to circumvent sanctions and serving customers from sanctioned countries. Also, the media wrote that the U.S. Justice Department is preparing for criminal charges against the management of the exchange, even negotiating with the lawyers of Binance on a confession of guilt.
Separately, we would like to note that the source of the latest FUD on Binance has invariably been the same media outlet - Reuters, which raises some questions. But what matters to us is not the incorruptibility of the media in this case, but the effect on the market.
If any prosecutions against Binance follow, the exodus of coins from centralized crypto-exchanges will only increase. And there will be a question of where to store these coins now. One possibility is Trust Wallet.
