Trust Wallet Introduces Cash Deposits as Altcoins Like PIPPIN Experience Volatility
Trust Wallet Introduces Cash Deposits as Altcoins Like PIPPIN Experience Volatility
Trust Wallet has launched a new Cash Deposits feature in the United States, allowing users to convert physical cash into digital assets directly within their wallet without needing a bank account. This aims to simplify crypto access. Concurrently, the altcoin market shows signs of volatility, with PIPPIN specifically struggling, trading 40% below its all-time high and threatening to invalidate a significant breakout pattern, despite some holder accumulation.
Trust Wallet Simplifies Crypto Onboarding with Cash Deposits
Trust Wallet, a leading self-custody web3 wallet with over 220 million users, has announced the launch of Cash Deposits in the United States. This innovative feature enables users to directly convert physical cash into digital assets within their Trust Wallet, bypassing the traditional requirements of a bank account, debit card, or custodial balance. The initiative is set to significantly broaden access to the cryptocurrency ecosystem for a wider user base.
PIPPIN Altcoin Faces Significant Price Downturn Amidst Market Volatility
In the broader altcoin market, PIPPIN has entered a volatile phase following a failure to sustain its recent breakout. After a sharp rally, the altcoin has since retraced, resulting in losses for many recent buyers. Its current price action is threatening to invalidate a previously projected 221% breakout from a broadening descending wedge pattern. Despite trading 40% below its all-time high, exchange balance data indicates notable accumulation among PIPPIN holders, suggesting a segment of investors sees potential value at the current depressed levels.