{"id":310486,"date":"2021-07-28T22:45:00","date_gmt":"2021-07-28T19:45:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/vortecs-spotlight-heres-why-telcoins-tel-rebound-eclipsed-most-altcoins\/"},"modified":"2021-07-28T22:45:00","modified_gmt":"2021-07-28T19:45:00","slug":"vortecs-spotlight-heres-why-telcoins-tel-rebound-eclipsed-most-altcoins","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/vortecs-spotlight-heres-why-telcoins-tel-rebound-eclipsed-most-altcoins\/","title":{"rendered":"# VORTECS\u2122 Spotlight: Here\u2019s why Telcoin\u2019s (TEL) rebound eclipsed most altcoins"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a23a02197a40\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a23a02197a40\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/vortecs-spotlight-heres-why-telcoins-tel-rebound-eclipsed-most-altcoins\/#TELs_second_wave\" >TEL\u2019s second wave<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/vortecs-spotlight-heres-why-telcoins-tel-rebound-eclipsed-most-altcoins\/#Detecting_when_history_rhymes\" >Detecting when history rhymes<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># VORTECS\u2122 Spotlight: Here\u2019s why Telcoin\u2019s (TEL) rebound eclipsed most altcoins <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>Last week, as Bitcoin resurged after briefly falling below $30,000, a good number of altcoins embarked on their own relief rallies. Telcoin (TEL) was among this large group of digital assets whose prices shot up on July 21.\u00a0<\/p>\n<p>Unlike most of its peers, however, TEL\u2019s upward trend remained alive for the entire week, leading to a respectable 82% gain against the dollar and a 43% gain against Bitcoin (BTC) over a seven-day period.\u00a0<\/p>\n<p>Given the market dynamics of the time, many traders may simply attribute this performance to a marketwide oversold bounce \u2014 but was there a way for traders to spot the potential for this tremendous run early?<\/p>\n<h2><span class=\"ez-toc-section\" id=\"TELs_second_wave\"><\/span>TEL\u2019s second wave<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>TEL is the utility token of Telcoin, a blockchain protocol designed to facilitate affordable mobile-based remittances globally. Telcoin is built on the Ethereum blockchain, and the token trades across a range of centralized and decentralized exchanges.<\/p>\n<p>At the height of this week\u2019s excellent performance, TEL reached the value of $0.022. This is still way below the coin\u2019s all-time high registered in May, when a layer-two migration to QuickSwap and a protocol upgrade\u00a0saw the asset multiply its value tenfold in just over a week, hitting the ceiling at $0.060.<\/p>\n<p>This time around, the fuel for TEL\u2019s moonshot likely came from a combination of favorable developments. Earlier in the month, the firm closed a $10-million fundraising round and simultaneously introduced a new Telcoin platform stack and two new user-owned decentralized finance (DeFi) products. Additionally, some observers\u00a0noted that the protocol saw a spike in user attention resulting from the launch of the AI-driven tool \u201cDeFI Agents\u201d on the Fetch protocol.<\/p>\n<p>The price increase chart was not the only ranking that Telcoin topped this week. Ahead of its spectacular rally, the coin also recorded the highest\u00a0VORTECS\u2122 Score of the week at 92. This value indicated the algorithm\u2019s ultra-high confidence that the outlook for TEL had become bullish. Traders who took heed had a chance of joining the ensuing gainsfest early.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Detecting_when_history_rhymes\"><\/span>Detecting when history rhymes<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The\u00a0VORTECS\u2122 Score, exclusively available to the subscribers of Cointelegraph\u2019s data intelligence platform Markets Pro, is a quantitative-style indicator that offers a real-time comparison of several key market metrics around each coin based on years of historical data.\u00a0<\/p>\n<p>Ultimately, the metric assesses whether the current outlook for this asset is bullish, bearish or neutral given the historical record of price action.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-07\/4c567871-83ee-4ab9-a825-6ce303a9e86d.png\"><figcaption style=\"text-align: center;\">TEL price vs VORTECS\u2122 chart. Source: Cointelegraph Markets Pro<\/figcaption><\/figure>\n<p>The price of TEL rose sharply on July 21, jumping from $0.009 to $0.015 in just 15 hours. Inevitably, after such a blistering rally, a correction was bound to occur. However, this was followed by TEL\u2019s\u00a0VORTECS\u2122 Score shooting above 80 (the red circle in the graph) and eventually reaching 92.<\/p>\n<p>By convention, scores above 80 correspond to the model\u2019s high confidence that in the past, patterns of market and <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">social<\/a> activity similar to those currenctly observed were consistently followed by significant price increases within 12 to 72 hours.<\/p>\n<p>In the case of TEL\u2019s score of 92, the algorithm detected that throughout the asset\u2019s history, such rallies have tended to resume after brief periods of recoil. Indeed, some 24 hours after the VORTECS\u2122 line went dark green, a second leg of TEL\u2019s hike unfolded, taking the coin from $0.014 to $0.021 (the first and second red boxes).<\/p>\n<p>In the cryptocurrency market, much like anywhere else, history doesn\u2019t exactly repeat itself \u2014 but it often rhymes. When history manifests in quantifiable metrics, an industry-grade artificial intelligence tool like the VORTECS\u2122 Score can aid traders\u2019 decision-making by alerting them to the conditions under which a rhyme is most likely to emerge.<\/p>\n<p>As for TEL, a continuing stretch of extremely high VORTECS\u2122 Scores suggests that \u2014 the overall crypto market\u2019s health permitting \u2014 the asset could be in for a further price hike. Judging from historical precedent, it seems that the coin has not yet exhausted its bullish momentum.<\/p>\n<p class=\"post-content__disclaimer\"><em>Cointelegraph is a publisher of financial information, not an investment adviser. We do not provide personalized or individualized investment advice. Cryptocurrencies are volatile investments and carry significant risk including the risk of permanent and total loss. Past performance is not indicative of future results. Figures and charts are correct at the time of writing or as otherwise specified. Live-tested strategies are not recommendations. Consult your financial advisor before making financial decisions.<\/em><\/p>\n<p><em><\/em><em>Full terms and conditions<\/em><em>.<\/em><\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/vortecs-spotlight-here-s-why-telcoin-s-tel-rebound-eclipsed-most-altcoins\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# VORTECS\u2122 Spotlight: Here\u2019s why Telcoin\u2019s (TEL) rebound eclipsed most altcoins &#8221; Last week, as Bitcoin resurged after briefly falling below $30,000, a good number of altcoins embarked on their own relief rallies. Telcoin (TEL) was among this large group of digital assets whose prices shot up on July 21.\u00a0 Unlike most of its peers,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":310487,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDcvMGY3MTc2ZDgtNjU3OC00YzEyLThiMjctNDg2Yjg4NDgzZmJkLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,88119,75302,74863,105688,73785,71407],"class_list":["post-310486","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-altcoin-watch","tag-altcoins","tag-cryptocurrencies","tag-markets-pro","tag-markets","tag-trading"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/310486","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=310486"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/310486\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/310487"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=310486"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=310486"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=310486"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}