In a significant milestone, Telcoin is ushering in a new span for the telecommunications industry by introducing its cutting-edge Telcoin Platform. This innovative initiative marks the culmination of Telcoin’s long-standing mission to establish a global blockchain network and token standard tailored specifically for Mobile Network Operators (MNOs) and the broader telecom sector.
Telcoin, a low-cost and high-quality financial product for every mobile phone user in the world, shared a Twitter post highlighting the monumental launch of their next-generation Telcoin Platform, ushering in a new era of decentralized telecom solutions:
Introducing the Telcoin Association and the next generation of the decentralized Telcoin Platform
— Telcoin (@telcoin) October 19, 2023
From the beginning, #Telcoin’s core mission has been to create a global #blockchain network infrastructure and token standard tailored for Mobile Network Operators (MNOs) and the… pic.twitter.com/RSdHnXtp2s
Over a year, Telcoin has diligently worked to unite MNOs, fellow members of the GSMA, and mobile phone users worldwide under the umbrella of the Telcoin Platform. This comprehensive system encompasses a suite of blockchain services, the native TEL token, and a robust governance structure that seamlessly integrates traditional legal frameworks with the principles of decentralization.
Today, Telcoin proudly announced the official launch of the next-generation Telcoin Platform, which comprises three integral components: TelcoinNetwork, TELx, and the Telcoin Application Network. These elements collectively form the backbone of Telcoin’s vision for revolutionizing the telecommunications landscape.
Notably, this launch also signifies the formal transfer of power and control over the Telcoin system and the TEL token from Telcoin, the company, to the broader community, accomplished through establishing the Telcoin Association. This non-profit organization is headquartered in the picturesque city of Lugano, Switzerland, operating as a Swiss Verein.
The Telcoin Association serves as a testament to the commitment to decentralization, placing governance and decision-making authority firmly in the hands of the community. This transformation ensures that Telcoin’s vision aligns with the ethos of a global, inclusive network that empowers stakeholders worldwide.
Telcoin price today shows a strong bullish trend; buying pressure continues to push the price upwards. This reflects the growing interest and demand for Telcoin in the market. Currently, the TEL token is at $0.001044, with a 24-hour increase of 6.80% and a seven-day 14% raise. The current market capitalization stands at $72,235,364 with a 24-hour volume of $540,404.
If bullish sentiment continues to hold, the resistance level at $0.001150 could be tested, followed by a potential breakout towards the $0.001200 mark. On the other hand, if selling pressure increases, TEL might see a correction towards the support level of $0.000950 and then $0.000850. The sideways trading between these levels could also provide traders with short-term buying and selling opportunities.
The technical indicators for Telcoin also suggest a positive outlook. The RSI (Relative Strength Index) is at 52.97, indicating a neutral condition, but still has room for further growth before reaching the overbought level of 70. The MACD (Moving Average Convergence Divergence) has crossed into a bullish zone, creating potential buying opportunities. The MACD line is currently above the signal line, indicating positive momentum in Telcoin’s price. The 20-EMA and 50-EMA also show a bullish crossover, further strengthening the positive sentiment.
