Trust Wallet Token (TWT) & PAX Gold (PAXG) Are In the Green
The controversy brought by FTX nuked the entire crypto market but there are few tokens that are still performing great despite the circumstances. On my previous post, I discussed that Polygon's MATIC and OKX's OKB were staying resilient to the market's drop. But now, the Trust Wallet token, TWT and PAX Gold (PAXG) showed that not only they are not affected by the current market conditions but they are also registering huge price increase.
Trust Wallet Token (TWT)
Trust Wallet Token (TWT) is the native token of Trust Wallet that can be used for governance and to gain discounts by the wallet users.
The price of TWT showed huge rise recently despite the current market trends, out performing all the major cryptos.
In the last 30 days, the price of TWT managed to show an impressive gain of over 95% which is incredible given the current market conditions. On the start of November the price of TWT was around $1.20 but now its price is around $2.20 (This price may be different by the time you read this).
PAX Gold (PAXG)
PAX Gold (PAXG) is a token that is backed by gold reserves of an American company called Paxos. It was first launched in 2019 on the Ethereum Blockchain. It can now be traded in most crypto exchanges and has become a great way for trader to invest in gold.
In the last 30 days, the price of PAXG has shown substantial increase. On November 4th, the price did fall to around $1,615 but it quickly bounced up to around $1,670. But what's impressive is, in the last 7 days the price of PAXG managed to jump to $1,780 and it's currently holding at around $1,760 (This price may be different by the time you read this).
Final Thoughts
While other major cryptocurrencies have tanked in the last two weeks, some are still doing well. Trust Wallet Token (TWT) and PAX Gold (PAXG) has shown that the saga surrounding FTX can be shrugged off and price gains can occur. I really hope more coins will soon start to over come the current market's down turn and start registering price gains.
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Disclaimer
I am not a financial advisor. The information found here are for educational purposes and cite my personal opinion.