The native cryptocurrency of the Telcoin decentralized finance network is Telcoin (TEL). End-users can utilize the digital currency to access and power a global range of user-owned DeFi goods. We’ve noticed that the coin has been performing bullishly over the last twenty-four hours, climbing more than 41.78 percent. Despite this, the coin is still more than 66 percent below its all-time high price. TEL’s volatility has been positively more than 10% in the recent quarter.
The value of Telcoin is soaring.
According to CoinMarketCap data, Telcoin has increased by more than 41% in the last 24 hours, crossing the $0.021 price barrier. However, as of press time, the coin has gained more than 5% in the last 24 hours, and is currently trading at $0.02119.
It has also been noted that the coin has done exceptionally well since its inception. TEL, like other crypto assets, has experienced rapid growth since the beginning of the year. However, the coin has been declining since May 2021, when the market crashed, from its all-time high price of $0.0624.
Will TEL’s positive trend continue?
More than $34k has been traded in the last 24 hours. Following Telcoin’s upward trend from the beginning of the year and its recent resurgence, it appears that the coin will maintain its bullish trend.
TEL’s climb, according to crypto analysts, will last for a longer period of time. TEL, on the other hand, is considered oversold by the stochastic oscillator, a useful indication.