3 cryptocurrencies resist in a bleeding market

With most cryptocurrencies and tokens in red, there are a few that stand out for their weekly performance.

The bitcoin (BTC) and cryptocurrency market started the week tinged with red. Proof of this is that, at the time of publishing this article, more than 80 digital assets within the top 100 by market capitalization are recording losses greater than 20%.

In this adverse context, there are a few digital assets that resist the price drop and show strength against this red tide that directly impacts the market. These are telcoin (TEL), AB (AB), and uniswap (UNI).

The first place goes to telcoin (TEL), a cryptocurrency designed to integrate financial services, such as remittances and mobile payments, into the infrastructure of mobile network operators.

In the last 7 days, the price of TEL went from 0.003 to 0.006, representing a rise of 100%, as seen in the following chart provided by CoinMarketCap:

Price chart of the cryptocurrency telcoin.

Quotation of telcoin in the last 7 days. Source: CoinMarketCap.

The reason behind this great performance is that the project received regulatory approval to launch the first Digital Asset Custodian Institution in the United States.

The license allows Telcoin Digital Asset Bank to operate as a regulated banking institution in the United States. With this, it can accept deposits in cryptocurrencies, offer loans backed by digital assets, and access the payment infrastructure of the Federal Reserve.