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T.E Markets Limited, has launched its own cryptocurrency; XTEMCoin with presale starting on Monday 28th, June on their website, www.tem-coin.com.

T.E Markets Ltd is a Holding Company registered in Seychelles with running projects in South Africa, Zimbabwe, Zambia, Nigeria, Kenya, the Democratic Republic of Congo, United States of America and soon in Ghana. The conglomerate is an African multifaceted organization, primarily focused on re-writing the African story.

Why Invest in TemCoin?

According to the founder of the coin, Ian Mvula, “Unlike other coins, XTEMCoin is not just going to be a naked cryptocurrency but rather will have real intrinsic value as it will be synthetically indexed to defined commodities exchanges, Indices, Stocks, Forex Cryptocurrencies and also enjoy the full credit and might of T.E Markets Limited and its various projects.

Ian further went on to say that XTEMCoin has taken cognizance of criticism that’s often labeled against other cryptocurrencies; this is the criticism about lacking fundamentals. In respect to that, TE Markets Limited is building the first African Consolidated Exchange where almost all tradable instruments across major assets classes including African commodities will be traded and XTEMCoin will be the backbone of the exchange. It will be the common means of exchange on the platform.

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“This is a major fundamental as the synthetic link for the XTEMCoin currency provides it with a much better source of intrinsic value than even fiat currencies,” he said.

How does it Work?

T.E Markets’ first goal is to leverage on disruptive technology to solve the problem not currently offered by other players in the African market.

Being an active player for over 21 years in the financial and more recently, crypto markets. Ian Mvula the CEO of TE Markets says he realized there is no one-stop-shop for trading agricultural commodities, especially those of African origin, Stocks, Indices, Forex and Cryptocurrencies. In a bid to bridge this gap, he and fellow business partners are coming up with Africa’s first Consolidated Exchange that will be synthetically indexed to almost all tradable instruments including African commodities.

XTEMCoin’s White paper is up in the website and asserts that the coin will be listed in major crypto exchanges during the public sale which is set to commence on 1st September 2021.

As his parting shot, Ian Mvula said that T.E Markets is re-writing the African story and went ahead to ask the public to take a chance with them and participate in the XTEMCoin’s private and public sales.

You can also click the link below to join their telegram community if you have any complaints.

Telegram Channel

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Naabiae Nenu-B is a Medical Health Student and an SEO Specialist dedicated to flushing the web off fake news and scam scandals. He aims at being "Africa's Best Leak and Review Blogger" and that's the unwavering stand of Xycinews Media.

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‘Be Patient- Bitcoin Price To Recover’ Says A Popular Analyst

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The global market capitalization for the past couple of days is experiencing an extreme drain. Most of teh crypto assets are registering a consecutive 5 red daily candles in a row. The huge selling pressure accumulated on the Bitcoin price has compelled it to bottom below $38,000. By trending very close to the support levels around $37,000, the fear of BTC price revisiting levels around $34,000 hovers. 

Despite the bearish sentiments surrounds the assets, yet it is believed that the price will recover very soon. A popular analyst Alan Santana, suggests his followers to patiently wait until the price flips the bears. He also said that some people are already giving up Bitcoin, falling into the trap of ‘Panic Selling’. And also asked his followers not to join them, rather wait until the next pump.

Also Read: Dogecoin Price Feared To Continue With A Bearish Trend, Is $0.2 At Stake?

btcchart

The price seems to be following the path led by the analyst as it bounced significantly on visiting the support zone at $37,978. With a significant bounce, the price could surge close to $40,000 or above. However, yet the chances of forming lower lows still hover the rally. And in such a case, the price could even visit the lower support at $35,700 and rebound. 

However, $35,700 are among the strong support levels and if in case, the Bitcoin price fails to sustain, then a plunge below $34,000 may be imminent. But considering the indicators, the RSI has already bounced back and MACD showcases ease in the selling volume. And hence considering the factors a bounce above $40,000 may be on the way for BTC price.

Also Read: Cardano(ADA) Price Spikes As Bitcoin & Ethereum Yet To Manage The Trembled Situation!



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