Will TEL Crypto become the first true crypto bank in the U.S.?
- TEL crypto is primarily a native medium of exchange, reserve asset and protocol token of the Telcoin user-owned, decentralized financial platform.
- TEL crypto is set to become the first crypto bank in the U.S. and the world’s first regulated stablecoin issuer.
- At the time of writing, the TEL crypto was witnessing a rally by over 158% over the past two weeks and over 10.8% in the past 24 hours, according to CoinMarketCap.
TEL crypto is primarily a native medium of exchange, reserve asset and protocol token of the Telcoin user-owned, decentralized financial platform. TEL crypto enables its users to seamlessly access and power a global suite of user-owned, decentralized financial products.
TEL incentives coordinate market participants, such as telecoms and active users, to provide specific value-added services to end users of the platform, aligning the incentives of the Telcoin ecosystem towards providing every mobile phone user in the world with access to fast and affordable, user-owned financial products.
TEL crypto on Friday, 29 November, as the protocol received a major boost on Thursday. As a result, the TEL crypto has suddenly managed to gain momentum boosting its growth and rallying by over 158% over the past two weeks and 10.8% in the past 24 hours, according to CoinMarketCap.
Why is TEL crypto rallying?
The token’s rally comes on the back of a major announcement by the company that that about to become the first true crypto bank in the US, and the first regulated bank issuer of stablecoins in the world.
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The news has been shared over social media and this has created a positive momentum in the token. A look at the charts indicates a bullish momentum with the MACD shooting its nose to the moon. In fact, experts indicate, that the token has never been so bullish and a ‘flood is coming’.
Even the RSI of the TEL crypto stands in an overbought position at 88.29.
Image Credit: Trading View
If it does get the nod, we could see the token addresses one of the most critical challenges in the crypto space: regulatory uncertainty. This development not only boosts investor confidence but also paves the way for institutional adoption. This initiative could set also a precedent for other crypto projects looking to establish regulatory legitimacy while scaling their offerings.
How is TEL crypto’s price faring?
Telecoin crypto on 29 November was trading at $0.005716 with a 24-hour trading volume of $72,80,243. The 212-ranked token boasted a live market cap of $52,38,89,407 with a circulating supply of 91,64,94,20,414 TEL coins, according to CoinMarketCap.
By merging the best of DeFi with the reliability of regulated banking, it is set to revolutionize how financial services operate in the digital age. With bullish sentiment and a clear focus on innovation, TEL crypto is one to watch as it continues to shape the future of decentralized finance.
