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Telcoin TEL Just Made MASSIVE Moves | Price Chart, New Listing & More!
Market Analysis and Price Targets - Telcoin experienced a significant weekly price surge, breaking a downtrend that started in July [1] - A weekly candle close above $0.0075 (3/4 of a penny) is needed to confirm bullish momentum, with targets set at $0.01 (highs from February) and potentially $0.07 (prior all-time highs), representing a potential 10x increase from the current price [1] - The current fully diluted value of Telcoin is approximately $30 million, with the project ranked 210th, suggesting it is still undervalued [1] Company Updates and Developments - Uphold, a major exchange with over 220,000 followers, listed Telcoin, increasing its exposure [11][12] - Telcoin received final approval in Nebraska for its digital asset bank charter, enabling the connection of US bank accounts to regulated digital cash stablecoins [13][16] - Telcoin launched its digital cash platform, including the digital asset bank and EUSD, the world's first regulated bank-issued digital dollar [13] - Telcoin has secured funding to capitalize the Telcoin Digital Asset Bank and launch EUSD [17] Strategic Vision and Future Outlook - Telcoin aims to transform global finance by combining blockchain with digital banking and telecommunications, providing affordable DeFi services for mobile users worldwide [11] - Telcoin's EUSD is fully backed by US dollar deposits and short-term treasuries held in regulated reserves, aiming to drive consumer and institutional adoption of blockchain-powered finance [21] - Telcoin Digital Asset Bank intends to help community banks adapt to evolving technology, aligning digital assets with a regulated banking framework [24][25] - The company believes it is currently undervalued and anticipates significant growth in market capitalization in the future [27][28] Risk Management and Custody - The report highlights the risks of holding crypto on unregulated exchanges, citing instances of frozen funds [1] - ITR Capital offers a premium custody account with institutional-grade security and 24/7 trading [1]