2024

TrustSwap

DeFi

Impact

<ul class="list-ic vertical">
 <li>1 <a>TrustSwap announced a strategic partnership with Quickswap a leading DEX platform.</a></li>
 <li>2 <a>TrustSwap is up by almost 17.03% in the past 24 hours showcasing bullishness.</a></li>
 <li>3 <a>SWAP crypto price trading in a range from a prolonged time.</a></li>
</ul>
TrustSwap recently announced a strategic partnership with QuickSwap, a layer-2 DEX platform. This partnership will integrate TrustSwap’s token management system with QuickSwap’s trading ecosystem to offer Web3 Solutions.
<h1 class="wp-block-heading" id="strong-unfolding-the-trustswap-quickswap-partnership-strong">Unfolding The TrustSwap &amp; QuickSwap Partnership</h1>
TrustSwap recently announced a strategic collaboration with Quickswap a leading DEX on the OxPolygon. The partnership will strengthen existing and upcoming crypto projects including fundraising, token management, and marketing exposure.&nbsp;
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 1/ <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f409.png" alt="🐉" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f501.png" alt="🔁" class="wp-smiley" style="height: 1em; max-height: 1em;"> TrustSwap is thrilled to announce a strategic partnership with <a href="https://twitter.com/QuickswapDEX?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@QuickswapDEX</a>, the leading DEX on <a href="https://twitter.com/0xPolygon?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@0xPolygon</a> This partnership will make <a href="https://twitter.com/TrustSwap?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@TrustSwap</a> the exclusive launchpad infrastructure partner for the new QuickSwap Launchpad. <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"> Here's what you need to know: <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2b07.png" alt="⬇" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/U3i3Tcvsqb" rel="noopener noreferrer nofollow">pic.twitter.com/U3i3Tcvsqb</a>— TrustSwap (@TrustSwap) <a href="https://twitter.com/TrustSwap/status/1798809719571632365?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 6, 2024</a>
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In the same way, QuickSwap’s trading platform and TrustSwap’s market position would strengthen the partnership purpose and help in redefining existing projects in the DeFi environment.
<h2 class="wp-block-heading" id="strong-swap-active-addresses-surged-what-does-it-mean-strong">SWAP Active Addresses Surged; What Does It Mean?</h2>
<a href="https://www.thecoinrepublic.com/2024/03/18/whales-increasing-uniswap-crypto-holding-can-it-leap-forward/" target="_blank" rel="noopener noreferrer nofollow">SWAP crypto</a> active addresses have increased in the past few days. According to the Santiment data, the number of 24-hour and 7-day active addresses has surged by a good amount. The spike started at the End of May.
The surge in SWAP active addresses is a bullish indication that signals a spike in the on-chain demand. <iframe loading="lazy" title="Santiment Chart: Active Addresses 24h (SWAP), Active Addresses 7d (SWAP)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=trustswap&amp;pt=SWAP&amp;df=2024-03-10T00%3A00%3A00.000Z&amp;dt=2024-06-04T18%3A29%3A59.096Z&amp;emcg=1&amp;emhwm=1&amp;wm=active_addresses_24h%3Bactive_addresses_7d&amp;wax=0%3B1&amp;wc=%238d67f5%3B%2337D7BA&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%2C%22node%22%3A%22filledLine%22%7D" scrolling="no"></iframe>
Furthermore, as per the Santiment data, the social metrics also show a mild increase, suggesting that TrustSwap crypto media coverage is increasing.
<h2 class="wp-block-heading" id="strong-trustswap-swap-gave-breakout-above-key-emas-strong">TrustSwap (SWAP) Gave Breakout Above Key EMAs</h2>
TrustSwap broke above the key moving averages showcasing bullishness on the chart. In the last two trading sessions, SWAP crypto showed a robust performance. On 9 June 2024, the price opened at $0.15924, then touched a high of $0.24696 and then closed at $0.19277 with a change of a total of 21.10%. 
<a href="https://in.tradingview.com/chart/SWAPUSD/VcOK8vIP-SWAP/" rel="noopener noreferrer nofollow"></a> <a href="https://in.tradingview.com/u/writer12_gsm/" rel="noopener noreferrer nofollow"></a> <a href="https://in.tradingview.com/" rel="noopener noreferrer nofollow"></a> 
At the time of writing SWAP crypto is trading at $0.18356&nbsp; with a 16.51% intraday gain. In the last 24 hours, the volume has surged by almost 1297.78% showcasing that the buying and selling activity has increased in crypto which is a good signal.
The 24-hour trading volume is $10,836,311 and the market cap has surged by 16% and stands at $18,603,563.&nbsp; The volume-to-market cap ratio of 24 hours is 52.57% which shows crypto has good liquidity.
SWAP grew by almost 1350% from its all-time low price of $0.01253 showcasing an outstanding return.&nbsp;
<h3 class="wp-block-heading" id="strong-decoding-indicators-for-trustswap-crypto-price-strong">Decoding Indicators for TrustSwap Crypto Price</h3>
As per the technical summary of TradingView, out of 25 indicators, 6 are on the sell side, 8 are on the neutral side, and 11 are on the buying side. It suggests that the indicators give buying indications and a positive outlook for the TrustSwap crypto price.
The RSI curve is hovering in the neutral zone at 51.64, and the 14-SMA line is at 55.75, which signifies bullishness in the crypto price.
Moving average convergence divergence suggests a bullish outlook. The MACD curve is at 0.00244, and the signal curve is at 0.00394. A bearish crossover was formed between the MACD and signal curves, suggesting mild weakness in the SWAP trend.
<h3 class="wp-block-heading" id="strong-summary-strong">Summary</h3>
Recently TrustSwap announced a strategic partnership with Quickswap a leading DEX platform and it impacted the price positively as the price showed tremendous growth in the last two days. However, if the price sustains above the key moving averages, then it could grow further.

TrustSwap Reveals A New Partnership; Will It Impact SWAP Price

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Thecoinrepublic.com

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