Up 40 spots in 5 days and currently sitting at #56 by Market Cap, $2.9B almost-midcap Telcoin (TEL), continues its bullish destruction of the top 100 coins as it sets sight on being a top 50 coin.  I believe this will happen this week as we have some extremely bullish news developing.

First:

Institutional money is flowing into TEL as billion dollar Dubai based Crypto Investment firm FD7 Ventures plans major investment this week into TEL. Prakash Chand, @askthedr on Twitter, discloses he personally placed half of his personal crypto assets into TEL and is making some insane price predictions.

I only started following him this morning, so I don't know the accuracy of his portfolio or if he is even quote-worthy.  His TEL price predictions are extremely bullish and I honestly think they won't happen this quick, but I love his enthusiasm and they give me a tingle in my nether-regions:

Multiple remittance corridors are opening over the next 1-2 months and August is when the much awaited V3 of their app is slated for launch, so while I definitely think we will see an uptick in price, this is 3X my initial price prediction.  Guess we will see, as I wasn't planning to start selling my bag until September/October anyway.

I do believe we will start to see a pile on effect as additional institutional money starts flowing in according to the infallible Law of Monkey-See-Monkey-Do. 

Second:

Nebraska LB649, written by the Telcoin Team, is up for vote today by their legislature.  You can read it here, but the jist is that it basically provides TEL with a bank charter.  This is the type of development team we are dealing with- they continually work within regulatory guidelines and gain approval, building out the underlying business.  If you're really into TEL nerd-dom or hate yourself so much that you are willing to watch politics in action you can view the livestream at 0900 PST.

Third:

Telcoin is starting to gain media attraction and hype as seen in yesterday's Investing.com article:

Telcoin has managed to get where it is without the help of major exchange listings; it is based on organic business growth. More people, institutions, and media outlets are starting to see this.  I have seen several comparisons to XRP- I missed that boat but I sure as hell didn't miss this one and I hope you don't either.  You are still early to the party, so take a look at this asset now before the starship sets sail. 

Now, I'm off to tether up in preparation to DCA some more in the event we catch a quick consolidation.  Thanks for reading and feel free to give your resident TEL shill a thumbs up if you enjoyed the content.

disclosure: I own TEL; you can read my other articles about it and other things here.