Bitcoin (BTC) is trading at $31.717 with an increase of 0.02 percent, while Ethereum (ETH) is trading at $1.966 with an increase of 3.8 percent; An altcoin, which is in the top 100 according to the market price, experienced a 10% increase. Telcoin rose from $0.0116 to an intraday high of $0.0144.
Telcoin becomes the highest rising altcoin in the last 24 hours
Bitcoin has been trading in the range of $31,000 to $33,000 for a long time and does not show a sudden price drop or rise. On the other hand, Ethereum is struggling to surpass $ 2,000. There has been no major change in cryptocurrencies such as Binance Coin (BNB), Cardano (ADA), XRP, Polkadot (DOT), Uniswap (UNI) for the last 24 hours.
Today, in the middle of the top 100 cryptocurrencies by market price, the most rising altcoin was Telcoin (TEL), with a 12 percent increase. The cryptocurrency rose from $0.0116 to $0.0144 on the day. According to the data, the one-year return of the coin appears to be 5.932%.
What is Telcoin (TEL)?
Telcoin (TEL) is the local token and reserve asset of the decentralized financial platform for the Telcoin user. TEL, users; It allows the user to seamlessly access and empower a global suite of decentralized financial artifacts. TEL incentives coordinate market participants such as telecom and active users to provide reasonable services to the end users of the platform, and tailor the incentives of the Telcoin ecosystem to provide fast and affordable user access to every mobile phone user in the world.
Why could Telcoin have risen?
As we reported , Telcoin announced Telcoin v3 on June 30. These type of network developments often affect the price of cryptocurrencies. It also introduced TELx, a decentralized liquidity network within the scope of V3, to users. According to their Medium post, TELx is “the decentralized liquidity network of the Telcoin platform and acts as an engine that powers its self-hiding financial works.” In a tweet on July 14, the group tweeted that TELx is now live on 6 networks on QuickSwap, raising over $16 million in total liquidity in its first week.