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Telcoin (TEL) has attracted market attention with its incredible price surges over the past few months. However, its recent pullback over the past week prompted traders to raise concerns about the asset’s future price movement. In response, crypto analyst Ali Martinez shared metrics projecting that TEL could see price growth soon. #Telcoin $TEL is setting up for a 22% price move! pic.twitter.com/N41fFsW2nc — Ali (@ali_charts) February 24, 2025 Telcoin to rise 22% According to a technical chart reported by Martinez today, Telcoin has formed a falling wedge bullish pattern on its four-hour timeframe. This chart normally forms before a significant upward momentum happens. Since TEL is currently trading at $0.01091, it remains to see if can break through the crucial $0.0127 resistance level. A successful move could create a 22% jump, bolstering the price to around $0.0154. TEL price updates Telcoin is currently facing significant challenges after recording a decrease of 7.7% over the past seven days. Despite the ongoing decline, TEL had experienced massive uptrends over several months ago. At press time, its price is standing at $0.01091, after experiencing a decline of 2.1% over the previous day. Despite a decrease in transaction volume by 26.10%, traders are showing interest in the asset, suggesting a possible breakout from the current fall. Social media sentiment on the asset remains bullish as multiple users talk about the asset. Over the past 24 hours, active addresses have increased by 17% while the figures for social mentions have risen by 42%. This growth in active addresses suggests that traders are increasingly creating new positions in the asset. Despite the current slump, the token has been facing huge withdrawals from exchanges, indicating accumulation by whales and reducing selling pressure. Whales’ accumulation is reflected in TEL’s price. Over the past 30 days, 60 days, and 90 days, the asset’s price rose by 58.08%, 96.49%, and 195.01% respectively, showcasing the asset’s growth potential. This shows that investor sentiment continues to become more enthusiastic about the asset, as traders and big crypto holders are positioning themselves in expectation of future price rises. The growing user interest and increasing numbers of new positions being created in the token suggest that Telcoin could be moving towards a major uptrend soon.

🟡Tether’s USDT stablecoin will soon support commission-free transactions on the Tron blockchain, according to Tron founder Justin Sun. Sun announced that Tron’s Gas Free feature will roll out within the next week, allowing users to send USDT without needing TRX for gas fees. The update comes as Tron transaction fees have soared, making it one of the most expensive networks for USDT transfers. Tron was once the cheapest option for USDT transfers, offering an alternative to Ethereum’s ERC-20 USDT. However, fees spiked dramatically in recent months. According to Tether’s GasFeesNow page, TRC-20 USDT transfers now cost between $3.20 and $6.50, while ERC-20 USDT transfers on Ethereum are priced at around $0.40. “Gas fees estimation is tricky for the Tron network,” Tether noted, explaining that USDT transfers require “energy” and “bandwidth”, which regular users may not have. Sun has been working on a gas-free solution since mid-2024. The project was initially planned for Q4 2024, but the timeline appears to have shifted. “I believe that similar services will make it easier for large companies to deploy stablecoin services on the blockchain, pushing mass adoption forward,” Sun said last year. Tron’s Gas Free feature could restore its status as the go-to network for stablecoin transfers, removing a major cost barrier for USDT users. Elsewhere, the T3 Financial Crime Unit, a collaboration between the Tron blockchain, Tether, and TRM Labs, has frozen $100 million in USDT linked to illicit activities since its formation in September. The unit leverages TRM Labs’ blockchain intelligence tools to monitor and analyze transactions involving USDT on the Tron blockchain.

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Aya Miyaguchi said she will no longer serve as Executive Director of the Ethereum Foundation and will become President. She has worked in this position for 7 years. Vitalik said the new EF leadership structure will be shared soon.