At this point I think it is undebatable that we are quickly approaching the next bull market, especially within the DeFi market. It seems that anything and everything that has something to do with DeFi is mooning during the last month or two.
The really interesting thing about that is sometimes these mooning coins' purposes or goals are no more than just saying that they are a DeFi coin and with that information people go crazy investing into it.
But what if there is a new De-Fi coin that has yet to really hit most of the exchanges, and at the same time has a real and much needed use-case!? I think it's safe to say this coin could explode.
If you don't know which coin I'm talking about, it is Trustswap. And let me tell you why I think it could be the next big DeFi coin to take off!
In my mind a coin's real use case is the most important thing. When there is a need for it, or it has many partnerships, that is what will cause the demand for it that will make everyone a lot of profits.
For those 2 reasons, that is why in my recent articles I have been so bullish on Chainlink, Kava, and Ethereum, which over the last month are up over 100%, 100%, and about 75% respectively each.
So let's get into Trustswap. What is it, and why is it important?
A goal for many people who use crypto is to use it to escape the current banking world, to become their own bank. But we have to be honest, the world, mostly companies, just aren't ready for this yet.
There are a lot of companies out there in today's world that rely on subscription payments. Companies such as Netflix, Hulu, VPN's, online courses, phone companies, online gaming services and much more. But the current crypto market wouldn't service these type of businesses well, because reoccurring bills can not be done currently in the crypto world. This is a huge drawback for those those companies and would be a dealbreaker for many of them to begin accepting crypto for payments.
But Trustswap is going to change all of this potentially by allowing crypto subscriptions
Recurring subscriptions are by far the most used billing method for online service providers in the world. TrustSwap allows online retailers to integrate crypto subscriptions, directly onto their sites, using any Ethereum-based token. From online courses to Patreon content creators, there is no limit to the potential. This can even be used to automate employee salaries!
Not only that but it brings major use cases that can make life much simpler for businesses in the crypto world, and solve other use case problems in the crypto world as well. Some of these use cases include automating paying month employee salaries, or paying monthly/weekly subscriptions, instant will execution if someone were to pass away, time-locked tokens, or even instant gifts/payments for those who want to never forget giving their loved one a gift on their birthday.
While for the average consumer all of these things may not sound that exciting, we have to be honest that in this situation the target audience is those large businesses. And I believe the adoption of this will be very attractive for these companies.
Now let's talk about the price prospects of Trustswap. The coin is still practically brand-new having just launched in the beginning of July of 2020. In-fact, it hasn't even been added to most exchanges yet, being offered mostly on Uniswap, which is where currently the best gains are being made. During this initial month Trustswap has already seen major gains and I'm very glad to say I got into this one early. Having an original launch price of around $0.04, and already moving up to around $0.47, an increase of 865%. Can't ask for much better than that! But I think this coin has potential for so much more! The market cap of Trustswap is currently only at $30 million, which means there is plenty of room for it to grow, especially when you take into account it hasn't been added to a majority of exchanges out there, and hasn't been adopted yet.
I think for many people who look at the big gains that have already happened might scare them away, thinking that they lost their chance. But it is still early and there is a great chance for profits to be made here. But of course this is just my own opinion and I implore you to do your own research before investing.
Finally I would like to talk about the creator of Trustswap, Jeff Kirdeikis. For some of you this name might be familiar as he is the also the creator of Uptrennd, a website that I have grown to enjoy quite a lot Uptrennd in of itself continues to grow, and using it and having follow Jeff for quite a while, on Uptrennd, listening to his podcast and more makes me feel much more confident investing in somewhat unknown coins over on Trustswap.
These are just a few of the reasons why I am exciting about Trustswap and will continue holding onto it. But how about you? Are you a fan of Trustswap? Also what other coins are you interested in over on Uniswap!?
As always, thank you for reading!