After suffering significant selling pressure in early 2022, Telos (TLOS) is up sharply. The token has now hit an all-time high, and while that's good news, there are several reasons why more growth is on the horizon. We'll look at them later, but here are some highlights first.
- Telos (TLOS) has risen nearly 230% from its lowest price this year.
- At press time, the token was selling for $1.19, up nearly 17% in 24 hours of intraday trading.
- This growth was primarily triggered by new partnerships and developments at Telos (TLOS).
Data source: Tradingview
Telos (TLOS) – Why the Bullish Market Will Continue
In most cases, when cryptocurrency assets hit new all-time highs, some pullback follows. But Telos (TLOS) seems to be running wild and the long-term outlook is very positive from a fundamental standpoint.
The reason for this is based on how the Telos (TLOS) ecosystem continues to expand and bring in new partners. The integration of DappRadar is a big deal, but we are also seeing the ecosystem introduce new strategic DeFi and NFT partners. In addition, the integration with Anchor Wallet could also be decisive in the future.
Why should you buy Telos (TLOS) now?
Telos (TLOS) is building partnerships aimed at expanding its ecosystem and creating visibility in the cryptocurrency market. These will be crucial for the long-term growth of this token.
But more importantly, Telos (TLOS) has a market cap of about $320 million. This means that the token has huge growth potential, and as long as they continue to do what they've done so far, it's conceivable that the market cap could easily jump at least 10x in the next few years.