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What Is Trust Wallet?

It seems there is a growing demand for cryptocurrency wallets which support both ERC20 and ERC223 tokens. With the ERC223 token standard starting to gain traction, wallet providers will need to start paying close attention to it moving forward. Trust Wallet positions itself as the go-to solution for these particular tokens, and it seems other service providers will follow its example in the future.

The Trust Wallet in a Nutshell

It is evident that new cryptocurrency wallets will be met with a fair amount of skepticism first and foremost. Even though Trust Wallet has some positive reviews on its website – and there have been no reported issues so far – not everyone is sold on this wallet. For those still on the fence about this product, the source code is on GitHub, as this is not a closed-source wallet solution.

Trust Wallet aims to support all current and future tokens created on top of Ethereum. As such, its developers implemented support for two popular token standards. Both ERC20 and ERC223 are supported at this time, which is a positive sign. There are a fair few other wallets supporting ERC20, but when it comes to ERC223, the choices are a lot more limited.

As one would expect from a mobile wallet, Trust Wallet ensures that one’s private key is only stored locally. This means the company has no access to this critical information, yet it also means users will need to make proper backups in case of something going awry. It also seems Trust Wallet will not gather user data for their own purposes, as information is kept private and secure at all times.

There are some interesting features to take note of as well. Trust Wallet incorporates a decentralized exchange within the wallet. This is achieved through its partnership with Kyber Network. Being able to complete instant exchanges between various tokens without relying on an external service is a pretty big development overall. We can only hope to see more wallets integrate this functionality moving forward.

It also seems Trust Wallet will let users interact with decentralized applications directly. This can be done with the built-in Web3 browser, which gives users direct access to the DApps in which they are interested. It is a positive development overall, as most people struggle to wrap their heads around DApps and how to access them. Having this functionality within one’s wallet simply makes sense.

Trust Wallet may be one of the more valuable additions to the Ethereum ecosystem in recent months. Solutions like these give users access to all features the network has to offer, regardless of one’s technical knowledge or coding skills. All of these technologies are pretty intriguing, but unless people can use them, they hold very little appeal. Applications like this one may pave the way for wider adoption.

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There are some high expectations regarding the Dogecoin price as of right now. Although it is very difficult to predict how things will pan out for this popular altcoin, it is evident the market will take an interesting turn moving forward. The below three charts are ranked in terms of bearish to bullish outlooks. Three Dogecoin Price Predictions: #3 The Potential Reversal Chart: Tradingview Over the past few weeks, DOGE’s price has shown numerous signs of upward momentum. There has been a very sharp uptrend since early September of 2018, even though it seems there may be some resistance forming as well. It is always difficult to say how long cryptocurrency price rallies will last. However, in the case of Dogecoin it seems a dip is not necessarily a downside for the crypto. According to the chart published on tradingview by user Mycotoxin, it is very likely the price will break a key support level at $0.0063. Assuming that happens, there will be a correction which may be as steep as hitting $0.0021 in the weeks after. That is a very bearish outlook, although such a trend would simply return the price to the level prior to this massive momentum coming into play. As such, not an unlikely scenario under the current circumstances. #2 Completing the Third Wave Source: Tradingview An interesting chart is presented by BuyPennyCrypto. According to this analysis, the Dogecoin market is currently subject to a three-wave pattern. If this chart holds true, a final “pump” will occur in the coming days, which can have some interesting consequences on the market. This last push can raise the DOGE/BTC level to ~200 Satoshis, which would be a very remarkable feat to achieve. It is equally possible the price will not hit that target, as it will heavily depend on what all other cryptocurrencies are doing in the process. For Dogecoin, a wave to 192 Satoshi seems possible, although it can go as high as 220. After that, there will probably be a major correction to push the price down again, although no predictions are made as to how low it can go. #1 The $0.21 Gamble Source: Tradingview There is no shortage of enthusiasm when it comes to the Dogecoin community. One intriguing prediction by CryptoManiac101 claims the DOGE price will go as high as $0.21 in 2019. While that is not necessarily impossible, this chart seems to hold up so far. It was originally submitted in late June, and the price has been following the predicted upward trend to a T. One always had to wonder how such massive momentum is expected to materialize. If the meme coin’s price were to reach $0.21, it would need a 300-fold increase over the coming months. Given the vast supply of DOGE and its current market cap, that would put it at a $210bn market cap as well. Very unlikely, but it is still interesting to take note of different price predictions. Dogecoin charts by Tradingview The post Dogecoin Price – 3 Promising Predictions for Late 2018 appeared first on NullTX.

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