In the cryptocurrency markets, altcoin teams want to take advantage of a general uptrend. They release good news at the right time so that token prices can benefit to the maximum extent possible. At the time of writing, the TOMO Coin team is doing exactly that.
Why is TOMO Coin Rising?
TomoChain and DWF Labs have entered into a new partnership. According to the latest blog post from controversial company DWF Labs, they have invested over $10 million in TomoChain. Following this news, the price of TOMO Coin on the Binance exchange has 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 a significant gain has been achieved with this announcement. The team stated the following in their announcement:
“What DWF Labs provides goes beyond financial support. Its role as a liquidity provider will add significant value in 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 will encourage the continuous growth of the TomoChain community.”
