The bitcoin (BTC) and cryptocurrency market started the week dyed red. Proof of this is that, at the time of publication of this article, more than 80 digital assets within the top 100 by capitalization are registering losses of more than 20%.
In this adverse context, there are a few digital assets that resist the fall in prices and They show strength in the face of this red tide that fully impacts the market. These are telcoin (TEL), AB (AB) and uniswap (UNI).
First place goes to telcoin (TEL), a cryptocurrency designed to integrate financial services, such as remittances and mobile payments, into the infrastructure of mobile operators.
In the last 7 days, the price of TEL went from 0.003 to 0.006, which represents a 100% increaseas seen in the following graph provided by CoinMarketCap:
The reason behind this great performance is that the project received a regulatory approval to launch the first Digital Asset Depository Institution in the United States.
The license allows Telcoin Digital Asset Bank operate as a regulated banking institution in the United States. With this, you can accept cryptocurrency deposits, offer loans backed by digital assets, and access the Federal Reserve’s payments infrastructure.
Additionally, Telcoin announced the launch of eUSD, a stablecoin backed by dollars and short-term Treasury bonds. It will be the first stablecoin issued by a US bank and registered on-chain, directly connecting traditional bank accounts with digital assets.
In second place, the presence of AB stands out, the token of a protocol aimed at decentralized governance, artificial intelligence and the internet of things (IoT).
In just 7 days, the price of the asset went from 0.0055 to 0.0069 dollars, which represents an increase of 25.4%.
The reason behind this great performance is that AB DAO announced a partnership with World Liberty Financialthe decentralized finance (DeFi) platform linked to Donald Trump’s family, with the aim of incorporating the USD1 stablecoin into its ecosystem.
The intention is to strengthen and expand AB Chain’s DeFi environment. At the same time, AB Wallet is already testing the integration of USD1, enabling sendings and analyzing how the stablecoin performs within the network.
The other asset that resists the price drop is UNI, the governance token of Ethereum’s leading decentralized exchange (DEX).
In the last 7 days, the price of UNI went from $6.98 to $8, which represents an increase of 14.6%.
As CriptoNoticias has reported, the rise in the price of UNI is linked to UNIfication. The proposal was presented on November 10 and proposes introducing a continuous token burning system using part of the commissions generated by the DEX.
Instead of going to the treasury or liquidity providers, a fraction of that revenue would go toward reducing the supply of UNI. The plan contemplates the burning of up to 100 million tokens if the measure is approved.