3 Altcoins To Keep Tabs On — TEL, DOGE, SHIB | KuCoin Weekly Review Issue #20

2021/05/11 05:26:28

After some weeks of action, there is not too much to say about Bitcoin right now. It has more or less held firm in the higher $50,000s, though in the beginning of the week it dropped to $52,888 for a short while before coming back up.

The story is a bit different for ETH, which has continued its growth from last week up to a high of over $4,100 on Sunday, and continues to grow. This current rally is supposedly down to increasing institutional interest, which is a very promising revelation for both Ethereum and the market as a whole.

Also taking the spotlight is Litecoin, which has been pumping as of late. In fact, it has already surpassed its previous high from 2017 by reaching $412 this week. As people seem to be shifting their attention away from Bitcoin and towards altcoins like LTC, there is no telling what is possible.

Speaking of which, let’s now move the spotlight to the altcoin market. The KuCoin blog has identified 3 altcoins this week that you should be paying attention to.

Telcoin (TEL)

Telco is a platform focused on providing international remittance services, especially through mobile. By working closely with telecom operators, it allows users to make instant, low-cost money transfers through their mobile phone using blockchain. The TEL token is used to make payments on e-commerce websites, amongst other uses.

There are several forces playing into TEL’s surge this week. One of these major forces was the recent launch of v2 of its protocol, adding new mobile apps for both IOS and Android, as well as a new remittance service between the Philippines and Canada. Another of these forces was its listing on QuickSwap. QuickSwap is a Polygon-native AMM, a layer-2 protocol. This translated to lower fees and some promising yield farming opportunities. Together, these enabled TEL to achieve a 347.00% 7-day ROI.

Trade TEL and 200+ other altcoins on KuCoin.

Dogecoin (DOGE)

Dogecoin is an open source peer-to-peer digital payment system. Thanks to its dedicated online following, DOGE has grown from irrelevance to one of the most popular cryptocurrencies out there. Its mascot, a Shiba Inu, has become iconic and has played a part in it being dubbed a ‘memecoin’ by many.

Once again, DOGE shows its face on the KuCoin Weekly Review. As many may expect, Elon Musk played a big part in its growth. While DOGE continues with its mainstream popularity both in the crypto world and out, Elon’s appearance on the show Saturday Night Live helped it gain even more recognition worldwide. Despite being called a ‘hustle’, DOGE was able to achieve a 40.30% 7-day ROI.

Trade DOGE and 200+ other altcoins on KuCoin.

Shiba Inu (SHIB)

Shiba Inu was created as an experiment into spontaneous community building. It was created as a response to DOGE’s rise to prominence and looked to develop ShibaSwap, its own decentralized exchange. The SHIB token will be listed and incentivized on ShibaSwap.

So what has occurred this week to cause not one but two dog-related crypto to show up on this list? Well, it seems the self-confessed meme token which also sees itself as the Dogecoin killer has been riding a wave enjoyed by many other dog-themed tokens as of late. Why are they experiencing a surge? That is likely due to DOGE’s growth and people looking for a new and upcoming competitor, of which SHIB fits the bill. Of course, its listing on KuCoin also helped it reach a wider audience too. This is how SHIB achieved a 712.88% 7-day ROI.