- Telcoin surges 30% after Kraken listing, sparking increased investor interest.
- Kraken listing boosts Telcoin’s market cap and trading volume significantly.
- Telcoin’s momentum continues, with a promising outlook after Kraken debut.
Telcoin (TEL) has made waves in the cryptocurrency market with a substantial 30% price surge after its listing on Kraken, one of the world’s leading cryptocurrency exchanges. Currently, Telcoin is trading at $0.004268, marking a significant jump from its previous levels. This dramatic increase is part of a broader uptrend, with TEL gaining 30% in the past 24 hours alone.
According to CoinMarketCap data, Telcoin’s market capitalization has climbed to $406.26 million, reflecting the strength of the recent price movement. Trading volume also expanded sharply, rising 150.35% to $7.24 million within 24 hours. In addition, holder data shows nearly 100,000 wallets now hold TEL, while circulating supply stands at 95.18 billion tokens, reinforcing growing market participation and trader interest.
Telcoin’s success on Kraken is reflected in its trading charts, with the recent 30% surge following a strong technical performance as TEL pushes above the Bollinger Bands, demonstrating clear bullish momentum. The RSI stands at 57.45, suggesting that TEL is not yet overbought, leaving room for further growth. With TEL trading above key resistance levels, the outlook appears positive in the short term.
Source: Tradingview
Also Read: Dogecoin Poised for 30% Price Surge as Bollinger Bands Indicate Potential Rally
What’s Next for Telcoin Following Kraken Listing?
The Kraken listing represents a pivotal moment for Telcoin, offering a new level of exposure to the global crypto market, particularly to US-based investors. Kraken’s reputation and large user base will likely enhance the liquidity and trading volume of TEL, pushing the token further into the mainstream.
Looking ahead, the key question is whether this surge is just the beginning of a larger trend. As Telcoin continues to build its presence within the blockchain and telecommunications sectors, its innovative approach to bridging mobile networks with blockchain could lead to further adoption.
However, much will depend on the continued development of Telcoin’s technology and whether the project can maintain the momentum that the Kraken listing has generated. The crypto community will be watching closely to see if the 30% rally is a sign of more growth to come or if the market will stabilize. Telcoin’s trajectory looks promising, but the real test will be in how it leverages this newfound visibility.
Also Read: Ripple’s CEO Subtle XRP Clue Sparks Frenzy – Here’s What Happened
