- TEL token decreases almost 50% in price value within ten days before retracing back to the $0.03.
- The coin price is trading between the 200 and 50 EMA, in the 4-hour timeframe, with slightly increasing buying volume.
- The pair of TEL/BTC is trading at 0.0000008549 BTC with an intraday move of +7.48%.
TEL token price fell 48% in value in a sloping market within ten days. The false fallout of the $0.031 level coupled with the burst in buying pressure and 200 EMA support led to the 40% price reversal within 48 hours. The price is trading just below the 50 EMA. The increasing buying volume may drive the price back to the $0.049 heights.
As per the price action, TEL token price may face resistance from the marked correction line and $0.049 level. The support level of $0.019 along with the 200 EMA may hold the prices up. The live TEL token price today is $0.034295 with a 24-hour trading volume of $90,306,572. Telcoin is down 0.69% in the last 24 hours. The current token ranking is #61, with a live market cap of $1,779,383,382.
Telcoin- The WesternUnion of crypto-verse, bringing the future one step closer
Telcoin is Ethereum-based decentralized crypto built to bring together cryptos, blockchain, and the telecom industry.Telcoin is an ERC-20 token based on the Ethereum blockchain. Telecoin ecosystem uses TEL for making payments on e-commerce websites.
The central focus of Telcoin is the remittance market, where Western Union is currently the apparent leader. It aims to partner with leading names in the telecoms industry like Verizon and AT&T to remove the hassle between billing platforms and mobile money to overcome three significant difficulties, i.e., Trust, Market reach, and KYC compliance issues. And to provide the users with high-speed, low-cost digital remittances to mobile money platforms and e-wallets.
Telcoin will provide TEL token for free to mobile partner networks to distribute it to their subscribers. Being available simply worldwide could make Telcoin the first cryptocurrency to be used by everyone daily.
The token is creating quite a noise. Its recent collaboration with GCash, the Philippines’ leading mobile e-wallet, including more than 33 million users nationwide, will assist in the purpose of lowering the price of global cash transactions.
Conclusion- The feature of the TEL token to be used daily and the solution it provides to remittance users can make it a big name in upcoming years. Also, because TEL gaps up the distance with a low transaction fee, with a total of 100,000,000,000 coins created and the great features, Telcoin promises a bright future.
Support – $0.019
Resistance- $0.049