Market

Trust Wallet’s Eowyn Chen & Nate Zou on Future of Self-Custody

Published

1 month ago

August 15, 2024

admin

In a recent Twitter Space session, BeInCrypto’s Bruna Brambatti hosted an enlightening discussion with Trust Wallet’s CEO, Eowyn Chen, and Head of Product, Nate Zou. The conversation delved into Trust Wallet’s latest advancements, focusing on its newly launched features: Trust Wallet Quests and Trust Points.

The Evolution of Trust Wallet

Since its inception in 2017, Trust Wallet has evolved beyond a simple digital self-custody wallet. With over 130 million users and support for more than 120 chains, 10 million tokens, and 600 million NFTs, Trust Wallet has become synonymous with trust and ease of use in Web3. Their mission is to empower users with secure and self-custody solutions.

Launch of Trust Wallet Quests and Trust Points

During the session, Brambachi congratulated Chen and Zou on the launch of Trust Wallet Quests and Trust Points. Chen explained the inspiration behind these features, highlighting the community’s desire for more gamification components to enhance user engagement in Web3.

“Originally, the idea came from some of the team members who suggested having more gamification components to guide users to better engage in Web3 through the product,” said Chen. “It took time for us to develop as we learned from both Web2 and Web3 gamification platforms.”

Zou further elaborated on how the quest platform works.

“Users can access the Quests via the Discover page on Trust Wallet, where they will find missions such as creating a new wallet, staking a small amount of ETH, and daily check-ins to claim points,” he explained. “Every new user starts with 100 points, and additional points can be earned through various activities within the wallet. These points are designed to measure and reward user engagement and contributions to the Trust Wallet community.”

Enhancing User Experience with Ease of Use

Trust Wallet has always prioritized ease of use, as evidenced by its recent launch of the Hot Tokens page. Chen and Zou discussed how the new quests, mini-apps, play-to-earn, and tap-to-earn elements are designed to create a richer user experience and drive further adoption.

“The goal is to abstract complex Web3 technology to provide users with a smooth and simple experience akin to Web2,” Chen emphasized.

“The quests and mini-apps make blockchain interactions more engaging and accessible,” added Zou. “This approach enhances the user experience and helps onboard new users to the crypto space.”

Commitment to Security and Privacy

Trust Wallet is committed to providing top-notch security measures.

“We have launched a security scanner that has blocked nearly $440 million in transactions to addresses identified as scammers,” said Chen. “We’ve also prevented over 1.4 million risky interactions with malicious dApps.”

Trust Wallet also received ISO 27001 and 27701 certifications, ensuring the highest standards of security and privacy.

Zou added, “Trust Wallet’s built-in security features, such as hiding spam tokens and NFTs, and security scanner which provides warnings for risky transactions, help protect users from scams. “These efforts, combined with ongoing education through our blog, social media, and community channels, ensure that users are well-informed and safe in the crypto space”.

Future Developments of Trust Wallet

Looking ahead, Trust Wallet aims to continue evolving from a “holder’s wallet to a user’s wallet”, supporting a broader range of decentralized applications (dApps) and features.

“Our goal is to integrate incentives and motivations through better tokenomics and on-chain data tracking, creating a more unified and rewarding user experience,” said Chen.

Zou emphasized the importance of security, ease of use, and opportunities in the future development of Trust Wallet.

“We plan to expand our support for various ecosystems, incorporate new technologies, and build a guided journey for users, ensuring they can access and benefit from the world of Web3 without extensive crypto knowledge,” he explained.

Recap of the Twitter Space

As the Twitter Space session wrapped up, it is clear that Trust Wallet is committed to enhancing user engagement and security through new features like Trust Wallet Quests and Trust Points.

To fully leverage these new features, start by exploring Trust Wallet Quests. Open your Trust Wallet app, visit the Discover page, and engage with the new quest missions. Earn points by completing tasks like creating a new wallet, staking ETH, and daily check-ins.

Engage with the community by joining Trust Wallet’s Telegram and Discord channels to connect with other users, share experiences, and get your questions answered by Trust Wallet squad members.

Disclaimer

In compliance with the Trust Project guidelines, this opinion article presents the author’s perspective and may not necessarily reflect the views of BeInCrypto. BeInCrypto remains committed to transparent reporting and upholding the highest standards of journalism. Readers are advised to verify information independently and consult with a professional before making decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.

Source link

Related Topics:Chen Eowyn Future Nate selfcustody Trust Wallets Zou

Up Next

Can Stacks (STX) Make It to $2?

Don't Miss

Is This the Next Big Meme?

Click to comment

Market

Will Notcoin Price Break This Key Resistance?

Published

52 mins ago

September 19, 2024

admin

Like other altcoins in the market, Notcoin (NOT) has seen a price increase in the last 24 hours. Within the period mentioned, NOT has jumped by 8% while its volume has surged 85%, indicating growing interest in the Telegram coin.

With market volatility at a high level, Notcoin faces a crucial momentum that could determine its short-term movement. If NOT fails to break through this key resistance, it risks facing a significant correction that may send its price tumbling.

Notcoin Encounters Challenges

Notcoin is currently trading at $0.0078, still 73% below its all-time high. Despite recent gains in price and volume, which suggest a potential rally, the 4-hour analysis indicates the token could face challenges as it targets $0.011.

The 4-hour chart shows that Notcoin is working its way toward $0.0080, but this level has previously acted as resistance, where the coin faced rejection. If Notcoin fails to break above this price level, it could see a 10% correction. In this case, its value might drop to $0.0072.

Read more: 5 Top Notcoin Wallets in 2024

Notcoin 4-Hour Analysis. Source: TradingView

An evaluation of Notcoin on the daily timeframe shows its Relative Strength Index (RSI) remains below the neutral 50.00 mark. The RSI is a momentum indicator that tracks the speed and size of price changes.

If the RSI moves above the midpoint, it signals bullish momentum and a potential price increase. Conversely, a decline in the RSI suggests weakening momentum.

For Notcoin, the RSI is rising but still below the signal line, indicating the uptrend is uncertain. The token’s upward movement will likely remain shaky unless bulls apply more pressure to push the price higher.

Notcoin Relative Strength Index. Source: TradingView

NOT Price Prediction: Rally Could Stop

Furthermore, the Fibonacci retracement indicator provides insights into NOT’s next movement. From a short-term perspective, bulls might try to break above $0.0085. However, around the same region, Notcoin began a decline that pulled it down to $0.0072 on September 6.

As such, that region is a supply zone that requires notable buying pressure to surpass. Currently, it does not appear that Notcoin has the notable capital flow to keep the upswing going.

Notcoin Daily Price Analysis. — Notcoin Daily Analysis. Source: TradingView

In a highly bearish scenario, Notcoin’s price could drop to $0.0072 and possibly as low as $0.0069. On the other hand, if the token manages to break above the $0.0080 and $0.0085 resistance levels, it could potentially surge to $0.011.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.

Source link

Market

Why 2024 Altcoin Season Could Fuel a Rally in These 6 Tokens

Published

2 hours ago

September 19, 2024

admin

Crypto investors and analysts support that the 2024 altcoin season may have just started, drawing signals from multiple fundamentals, including Bitcoin’s (BTC) sustained foray above $63,000.

The optimism comes after the Federal Open Market Committee (FOMC) decided a 50 basis points interest rate cut in September, suggesting the US economy is in a good place.

Crypto Banter Founder Highlights Tokens Primed for Altcoins

Crypto Banter, a popular YouTube channel with over 1.08 million subscribers, says the 2024 altcoin season is beginning. Its founder, Ran Neuner, cites the Federal Reserve’s (Fed) interest cut on Wednesday, increasing global liquidity and the all-time high seen in the money market funds. With this, he lists six tokens that are best positioned to rally if the altcoin season takes off.

SUI

The analyst starts by highlighting Sui (SUI) as a standout token, noting its rising prominence in the market, even posing a threat to Solana (SOL). SUI has been making headlines with major partnerships, including Circle’s USDC integration. Grayscale also recently launched a Sui Trust, which has driven a significant increase in both price and trading volume.

Ran Neuner believes these strong fundamentals position SUI for success in the short term, especially if an altcoin season unfolds.

FTM

The analyst also highlights Fantom (FTM) as a promising altcoin, noting its strong price performance. FTM has gained attention after recent internal developments, including the rebrand to Sonic Labs in August.

The rebrand has sparked renewed investor interest, positioning Fantom for further growth. Sonic Labs is building on this momentum with the launch of Sonic Gateway, a decentralized bridge that enables secure ERC-20 token transfers between Ethereum and Sonic.

This development has provided a boost for FTM, which has risen by 10% since the Thursday session began, trading at $0.33, according to BeInCrypto data.

IMX

ImmutableX (IMX) is also on Crypto Banter’s list of altcoins poised to rally on a possible alt season. The gaming token has broken above a falling wedge pattern, effectively confirming a reversal. Based on this breakout, analysts expect a bullish wave.

IMX Price Performance — IMX/USDT 2-day chart, Source: TradingView

AERO

The portfolio rebalancing also considers Aerodrome (AERO), as the central trading and liquidity marketplace continues to thrive on Base L2. The underlying fundamental for AERO is Aerodrome’s MetaDEX model, which combines the best aspects of previous decentralized exchange market leaders.

“When we assess Aerodrome’s implied outcomes through a model, it’s evident that token inflation, in itself, is not inherently bad. Instead, emissions are just one input into an economic model—a cost that can be managed and overcome,” a DeFi researcher echoed.

SOL

If the assumption proves accurate, Solana (SOL) may be gearing up for a strong rally, given its history of delivering impressive gains during altcoin market surges. Solana has often outperformed when broader altcoin momentum picks up, making it a key player to watch.

Currently, SOL is trading at $141.53, marking a 10% increase in the last 24 hours, according to BeInCrypto data.

OM

MANTRA (OM) earns a spot on the analyst’s list due to the upcoming launch of its mainnet in October. This event is expected to be a major milestone for the project, as it will bring real-world assets (RWA) on-chain. The mainnet launch will be a crucial step in integrating traditional finance (TradFi) into the blockchain ecosystem, creating new opportunities for MANTRA’s growth.

Ran Neuner also highlighted several other tokens that could see strong rallies, including Arweave (ARV), THORChain (RUNE), Render (RNDR), Crown by Third Time Games (CROWN), and SuperVerse (SUPER). These tokens have posted steady, conservative gains despite recent market uncertainty, positioning them for larger increases if an altcoin season takes off.

However, Neuner advises investors to keep an eye on the Bank of Japan’s (BOJ) CPI and interest rate decision on Friday. He warns that if the BOJ raises rates, it could disrupt the current rally, potentially leading to a market reversal. On the other hand, if the BOJ cuts interest rates, it could reinforce the ongoing upward momentum.

“Don’t get overconfident. We need good CPI out of Japan tomorrow and for BOJ not to raise rates on Friday. September still has some potential liquidity drains so don’t lever up to the gills, just 8 more days until it is really up only,” GamesMasterFlex wrote.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.

Source link

Market

Will NEIRO Price hit $0.17 soon?

Published

3 hours ago

September 19, 2024

admin

After a brutal 45% plunge triggered by Binance’s actions, Neiro Ethereum (NEIRO) is making a remarkable comeback. The meme coin has surged by an impressive 51% in the past 24 hours, outpacing the broader meme market.

With a resurgence in demand for NEIRO, the meme coin looks poised to extend its gains.

Neiro Ethereum Makes Its Comeback

BeinCrypto reported that NEIRO saw a sharp 45% price drop on Monday after Binance listed a different token with the same NEIRO ticker on its spot and futures markets.

However, the broader market’s positive sentiment over the past 24 hours, fueled by the US Federal Reserve’s rate cut, sparked a strong recovery for NEIRO. At press time, the altcoin is trading at $0.11, up 51%, with trading volume surging 53% to $93 million.

This rally has significantly boosted the number of profitable NEIRO transactions. Santiment data shows the ratio of transaction volume in profit to loss is now 3.66, its highest since the token’s July launch. This means that for every transaction at a loss today, 3.66 have turned a profit.

NEIRO Ratio of Daily On-Chain Transaction Volume in Profit to Loss. Source: Santiment

NEIRO traders remain bullish, with the altcoin’s funding rate at 0.01%, indicating higher demand for long positions among futures market participants.

neiro funding rate — NEIRO Funding Rate. Source: Santiment

NEIRO Price Prediction: Higher Demand May Push Token To $0.17

NEIRO’s Relative Strength Index (RSI) on the four-hour chart confirms the growing accumulation of the altcoin. At 59.07, this momentum indicator suggests market conditions are leaning toward buying rather than selling.

If buying pressure continues, NEIRO’s uptrend could persist, with the potential to rise another 46% and reach $0.17.