Altcoin teams in the cryptocurrency markets always want to take advantage of a general uptrend. They release good news at the right time to maximize token prices. Currently, the TOMO Coin team is doing just that.
Why is TOMO Coin Rising?
TomoChain and DWF Labs have signed a new agreement. According to DWF Labs’ latest blog post, they have invested over $10 million in TomoChain. Following this news, the price of TOMO Coin on Binance exchange started to rise rapidly. For now, the price increase has stopped at $1.53.
Considering that the daily low level was $1.29, we can say that they have achieved a significant gain with this news. The announcement from the team stated the following:
“What DWF Labs provides goes beyond financial support. Acting as a liquidity provider, it will add significant value to strengthening and catalyzing our ecosystem development roadmap with its extensive network in the industry. To sustain growth and expansion, we will also actively work on developing ecosystem initiatives and tools that encourage the continuous growth of the TomoChain community.”
