Telcoin (TEL) posted a price jump of more than 4,100% since Feb. 1 from a low of $ 0.00066 to its latest all -time high (ATH), $ 0.0286 on May 5th.
At the same time, the token’s trading volume in 24 hours reached a record $ 110 million.
This sudden move proves the success of a protocol improvement project that allows remittance services between the two countries, the Philippines and Canada to air on February 4th.
According to Telcoin through its community blog content, Canada is the first country for this effort. It will be followed by several other countries such as Singapore, Australia and the United States (US).
TEL’s surge was also driven by its listing on its decentralized platform, QuickSwap which operated on Polygon on May 1st.
For information, Polygon is a layer-2 protocol developed on the Ethereum network. It offers low transaction costs which is an attraction for fund flow providers in QuickSwap.
So it is not impossible if Telcoin has the potential to attract more global users as low -cost transaction demand becomes the target of users of most networks. At the same time bringing the price of TEL to a higher level.
At the time of writing, Telcoin is trading at $ 0.029, jumping over 62% in 24 hours. Turnover for the same period has reached over $ 126 million, up over 170%.
