Trust Wallet TWT token to burn 99% of total supply - Will I buy it?
Welcome back,
The crypto market is currently down by 9% to 10%, with altcoins hit the hardest. This happened even after the rate cut news was announced. As I mentioned a few days ago, the market usually turns bullish right after such news, showing a strong move for about 24 to 48 hours, but then it tends to cool down.
We have to understand that market makers are not here to let retailers make easy money. Their main goal is to liquidate retail traders and create panic, making sure the majority lose while only a small percentage actually profit in this market.
Today I sold some of my tokens in portions from the test portfolio that we discussed recently. I did not sell all of them, but just a percentage, so that I can buy back later and multiply my tokens. This is the only strategy I want to stick to.
I also shared in a recent blog how dividing your portfolio into two parts can really help in decision making. If you keep one portfolio for the long term and another for the short term, then it becomes much easier to take proper decisions. So make sure you follow that idea.
I also want to share about a new token that I have my eyes on. I am going to observe it for some time before taking an entry. The token is quite famous. It is the native token for Trust Wallet, with the ticker TWT.
Recently, they announced that 99 percent of the total supply will be burned. This information was shared by CZ, the founder of Binance, and that is why the token pumped more than 100% in just 24 hours.
But I am not suggesting anyone to buy it right now because it has already pumped a lot due to hype and news. I am keeping an eye on it mainly because they have a strong roadmap. Once I finish my research, I will create a separate blog about it. For now, I am just watching the charts and the future plans of the project before deciding whether to invest in TWT or not.
Lastly, before I leave, do not panic in the current market situation. We are moving towards better times, and stress and panic are a part of life. But if you are able to manage them, the market will reward you.
If you are planning to buy anything right now, make sure you do proper research before investing. Once again, stay away from futures. I always repeat this, but it is very important.
Thank you, and Happy trading everyone
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