Telcoin reached an all-time high of $0.059. The coin is primarily based totally on the Ethereum Blockchain and is traded above 20% in the wee hours of Monday. The coin has gained from year-to-date a whopping 30,496.25%.
- TEL is on the third spot after SHIBA INU (SHIB) and Bitcoin Diamond (BDC)
- TEL informed that a bill in the Nebraska Legislature is about digital asset depository institutions connecting consumers to cryptocurrency and DeFi
Telcoin, also known as TEL, has risen to an all-time high of $0.059, simply 2 hours earlier than press time. The Ethereum-based cryptocurrency, Telcoin, was traded above 20% in the wee hours of Monday.
The upward trend
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TEL traded 24.12% up at $0.54. It rose to 264.83% in a seven-day rally. According to the CoinMarketCap rankings, TEL is on the third spot after SHIBA INU (SHIB) and Bitcoin Diamond (BDC)
TEL has risen from year-to-date a whopping 30,496.25%. Whereas the hyped cryptocurrency bitcoin (BTC) has managed to gain 102.73% since the year started. BTC traded 0.85% lower at $59,120.94 at press time.
TEL Tweeted about its project last week. On its Twitter account, TEL informed that a bill in the Nebraska Legislature is about digital asset depository institutions. It connects consumers to cryptocurrency and DeFi safely and compliant.
Why this matters
Telcoin is a project specially designed for the remittance market. The cryptocurrency gains are also attributed to its listing on the QuickSwap decentralized exchange. It operated on the Polygon (MATIC) protocol last month.
MATIC is also a cryptocurrency of a layer2 on the Ethereum blockchain. It is traded 4.38% up at $0.9495 at press time. ETH traded 5.47% higher at $4,132.99.
As per the Cointelegraph report, TEL reached high because of the lower fees of the Polygon network and attractive yield opportunities for liquidity providers on QuickSwap.
In March, Telcoin launched a remittance service to facilitate funds transfer between Canada and the Philippines.
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