TrustSWAP Token Pumps over 10x: Just Another Pump and Dump? Or A Rising DeFi Star?


 

When I first saw Jeff Kirdeikis post in his Cryptocurrency Investing group on Facebook about the TrustSwap token that he was involved in launching, I foolishly assumed it was just another pump and dump by a social media admin trying to take advantage of the online audience they had built up. But fortunately for 2020's maturing crypto markets, this is no longer 2017-18, the wild euphoria of random speculation is all but gone and decentralized finance applications which seriously outcompete traditional banking services (like Nexo and Celsius) are going mainstream and starting to gobble up market share. 

After checking out the project, which promises a new era of cross-chain swaps and user friendly third-party payment mediation (like a decentralized version of Paypal, Venmo, etc) I did not listen to my hunch that was clearly sensing this token could pump hard, and decided to only invest in around 1000 tokens, worth less than $50 at the time. They are now worth around $400, as the token’s price rests around $0.33 as of writing, and I realize I should have invested much more. But the token price still stands to rise much more as it is still not widely available on exchanges. 

Until now, only those investors savvy enough to use apps like Uniswap or Metamask have gotten their hands on SWAP, but it is now being listed on actual exchanges such as Probit, and major announcements are coming soon that will also help to get attention from mainstream investors and likely get it added to much bigger exchanges. As with all crypto projects, the real test will come when the main net goes live, which Jeff announced will happen next month in August. At this time users will be able to use and vet the technology for themselves to determine it's viability to actually compete with mainstream 3rd party payment providers and other cross-chain swap services.

 

 

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Kevin_Asher_Eyanu
Kevin_Asher_Eyanu

Writer, Producer, Coach, Investor, Trader, Digital Nomad


The Blockchain Brainaic
The Blockchain Brainaic

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