Gate News Bot news, on November 13, according to CoinMarketCap data, as of the time of publication, TEL (Telcoin) is currently priced at 0.00575894 USD, with a rise of 87.85% in the last 24 hours, peaking at 0.00577622 USD and dropping to a low of 0.00296454 USD, with a 24-hour volume of 23.5 million USD. The current market capitalization is approximately 524 million USD, an increase of about 245 million USD compared to yesterday. TEL is currently ranked 209th in the market capitalization of Crypto Assets.
Important news about TEL recently:
1️⃣ Mobile app suffers from hacking attack
The Telcoin mobile application recently suffered a hacking attack, causing the value of TEL coin to plummet by about 35% in a short period of time. This security incident has raised concerns in the market about the security of the Telcoin project and is one of the main reasons for the recent price fluctuations.
2️⃣ Market sentiment quickly recovers
Despite experiencing a security incident, the price of TEL rebounded strongly in subsequent trades, rising nearly 88% within 24 hours. This rapid rebound indicates that investors maintain strong long-term confidence in the Telcoin project, and the market is gradually digesting the negative impact of the incident.
3️⃣ volume has significantly increased
While the price fluctuates significantly, TEL's 24-hour volume reached 23.5 million USD, a notable increase compared to usual levels. This indicates a substantial rise in market participation, which may involve new capital inflows or investors reallocating their positions.
From a technical perspective, the TEL price has quickly rebounded after a significant drop and is now close to previous highs. However, considering recent security incidents, investors should still closely monitor the Telcoin team's follow-up handling and improvement measures regarding security issues.
This message is not intended as investment advice; investors should be aware of market volatility risks.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
XRP Faces Selling Pressure While Key Support Near $1.28 Holds
Key Insights:
XRP continues forming lower highs and lows, while price remains below major moving averages, reinforcing a sustained bearish structure across timeframes.
Open interest spikes during volatility signaled speculative trading, yet declining levels now reflect reduced risk
CryptoNewsLand2h ago
SHIB Holds Weak Range as Burn Rate Drops and Pressure Builds
Key Insights
SHIB remains within a long-standing descending channel, with price stuck in the lower range and unable to break persistent resistance levels.
The burn rate dropped sharply, removing a short-term support factor and reducing retail-driven momentum seen earlier during increased
CryptoNewsLand2h ago
HYPE Price Break Signals Deeper Pullback Amid Weak Momentum
Key Insights:
HYPE broke below $37 support after repeated tests, signaling weakening buyer strength and confirming growing bearish control across short-term price structure movements.
Fibonacci levels identify $32.44 and $29.5 as critical demand zones, where buyers may re-enter as
CryptoNewsLand2h ago
Solana Price Faces Downside Risk as Bears Eye $74 Zone
Key Insights
Solana trades near eighty dollars as bearish momentum builds, with indicators signaling weakness and increasing probability of testing lower support levels soon.
Technical signals, including weak MACD and low RSI momentum, indicate sellers remain dominant, reinforcing downside p
CryptoNewsLand2h ago
Dogecoin Sees Rising Long Bets While Price Stays Under Pressure
Dogecoin's long positioning increases as traders expect a rebound, yet significant short positions and declining trading volume suppress price movement. The market lacks direction, showing a sideways to slightly bearish outlook as the price struggles to gain momentum.
CryptoNewsLand3h ago
Dogecoin Eyes Breakout as Bollinger Bands Signal Price Shift
Key Insights:
Dogecoin trades near resistance as Bollinger Bands tighten, signaling reduced volatility and an increasing likelihood of a sharp directional price movement soon.
Declining trading volume reflects market hesitation, yet reduced selling pressure may still support upward
CryptoNewsLand3h ago
