NEW!Incredible offer for our exclusive subscribers! Read More
Altcoins

Telcoin Crypto Values Surge 80% In 24 Hours, Reaches $0.0037

1 Mins read
  • Telcoin is a cryptocurrency based on the Ethereum blockchain
  • Backed by Batara Eto, a Japanese businessman

Benzinga.com reports that Telcoin (TEL) values are surging and have reached $0.0037 Wednesday late night. The crypto added more than 80% in matters in the last 24 hours.

cryptonews.net

Telcoin

Telcoin is a cryptocurrency based on the Ethereum blockchain founded in 2017 by Paul Neuner. TEL received its first round of seed funding in September 2017. Batara Eto, a Japanese businessman, invested. The seed round is defined as the funding round raised by a new company to support early product development and market research.

Benzinga.com adds that TEL is a cryptocoin associated with projects dealing with the remittance market. TEL traded 81.37% higher at $0.033 at press time. It has grown by 405.14% in a seven-day trailing period. In comparison, the numero uno bitcoin(BTC) traded 4.49% higher at $56,932.76 at press time.

Since January 2021, TEL value has surged by 18,639.35%. It is better than DOGE, whose values rose by 13,132.58% appreciation in the same period. However, DOGE has support from powerful quarters like Elon Musk and others.

Reason for Telcoin Crypto values growing.

The current jump in values of TEL could be related to listing on the QuickSwap decentralized exchange, which operates on Polygon (MATIC). It is a twin layer protocol resident on the Ethereum (ETH) blockchain at the end of last month.

Why It Matters

According to a report on Cointelegraph, the low fees on the polygon network and attractive returns for liquidity providers on QuickSwap are possible factors for the surge in trading volumes for TEL. CoinMarketCap data reveals that TEL values grew by 147.51%. On Thursday, volumes stood at $118.09 million, while on Wednesday, they were $47.71 million.

Related posts
AltcoinsBTCBusinessCryptoETHMiningNewsOtherStock

Binqwix.com collaborates with Stake.com to offer Crypto services for its users

1 Mins read
Binqwix.com has collaborated with Stake.com to give crypto gamblers with a top-tier exchange where they can deposit, sell, and even convert Crypto…
AltcoinsBTCBusinessCryptoETHOther

Tradex-wallet.com staking platform with the best percentages or is it a temporary phenomenon?

1 Mins read
As it became known, tradex-wallet announced the announcement of a new staking program, rewards and large payouts for staking, the platform raffles…
AltcoinsBTCCryptoETHOther

Cryptwex & 15 More Crypto Exchanges Face Ire of South

2 Mins read
Sixteen international crypto exchanges. Including and the Mexican heavyweight MEXC. Have landed in hot water with Cryptwex.com financial regulators. For failing to comply with local guidelines….
Power your team with InHype

Add some text to explain benefits of subscripton on your services.

Leave a Reply

Your email address will not be published. Required fields are marked *