- Telcoin (TEL) price increased after Layer-2 Migration to Polygon Network.
- TEL is one of the projects that has created enormous gains in 2021.
Telcoin (TEL) price increased over 300% after Layer-2 Migration to Polygon Network. Moreover, TEL’s price has spiked over 4,100% since February 01, 2021. However, surging from $0.00066 to a new ATH of $0.0286 on May 05, 2021, according to CoinGecko.
More so, one of the notable expansions in the crypto ecosystem is the ability to transfer money to anywhere, anyone, at any time. Even more, blockchain-related global remittance platforms are considered as one sector of crypto projects that evolved over time for peer-to-peer money transaction needs. For instance, Telcoin (TEL) is one such project that has created enormous gains in 2021.
TEL Rally Sparked Through Global Remittances Shift
Telcoin (TEL) project has recently launched an upgraded protocol. More so, remittance services are allowed between the Philippines and Canada to go live on February 04, 2021.
In line with this V2 released new versions of both iOS and Android mobile applications. Furthermore, participating jurisdiction users can download from the Apple and Google app stores.
— Telcoin (@telcoin_team) January 30, 2021
The Telcoin team said,
“Canada is the first of four initial sending markets that Telcoin is entering for fiat remittances, followed by Singapore, Australia, and the USA.”
TEL’s Price Surges to New Highs After Layer-2 Trading
Telcoin price surged from token’s inclusion on the QuickSwap decentralized exchange that works on Polygon. However, Polygon is a Layer-2 protocol developed on the Ethereum network.
Even more, Polygon network’s low fee ecosystem and also the fantastic opportunities of yield for liquidity providers on QuickSwap have contributed to TEL’s rise in trading volume. Furthermore, TEL has favorable market conditions sometimes.
Notably, the price of TEL’s VORTECSTM Scores raised following its launch on QuickSwap. More so, this raised the price above $0.01 initially. Further, the score raised to a high of 95 on May 3, 2021. This is just two days before the price surges 84% to a new all-time high on May 5, 2021.
All in all, Telcoin has a wide range of potential to attract global users with related use cases that operate in a low fee, Layer-2 environment. Moreover, the TEL price could surge more as blockchain technology has been used widely. Also, new participants start to seek better ways to transfer funds and proceed with payments.