Tenset (10SET) Surges Even Higher after Incredible Recovery

Written by: Timothy St. John • Friday, June 10, 2022 • 2 min read

• Last updated: Friday, June 10, 2022

For two days in a row, Tenset (10SET) is the top earner in the crypto market. That is an amazing feat from what’s considered an underdog coin, and it is giving investors reason to be hopeful that Tenset could push even higher in the coming weeks.

A Bullish Trend

This morning, Tenset gained another 930% compared to its numbers from the previous 24 hours. That puts its rate at $2.81 (10SET/USD). Yesterday, we saw a high of $2.82 late in the day, but that was after early morning numbers of $0.244. The gains we are seeing with this crypto are still being compared to those early Thursday rates.

This morning also saw a high point for Tenset, as the rate climbed as high as $3.0997 briefly before coming back down. The day is still early, though, and we could see a push back past the $3 level later on today or even through the weekend.

Tenset has spent plenty of time above the $3 level in the recent past, shooting above even $4 periodically in late March and early April of this year. We could be seeing a surge back toward that level, but it is too early to say right now if things are turning around for this crypto.

What’s Next for Tenset?

The current trade volume for this token is up by 108%, which is not unexpected following yesterday’s incredible gains. That brings the trade volume to a little over $1 million for the last 24 hours, which is a huge step up from where it was even yesterday. That increase in trade volume could push the 10SET rate even higher for the next few days until things settle down.

We expect renewed interest in this crypto to drive the price forward for a short while, if investors see value in the coin and its staking and smart contract options. However, there is also a risk that the rate will fall quickly as investors start selling off from the profits they made with recent 10SET trades.

Since the price was very low a few days ago, the trade volume shot up, and many investors bought the downturn and managed to profit when the rate rebounded. We’ll have to see how the recent volatility plays out with this crypto over the weekend. That will give us a better idea of whether this bullish run has any legs to it.

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ABOUT THE AUTHOR See More

Timothy St. John

Financial Writer - European & US Desks

Timothy St John is a seasoned financial analyst and writer, catering to the dynamic landscapes of the US and European markets. Boasting over a decade of extensive freelance writing experience, he has made significant contributions to reputable platforms such as Yahoo!Finance, business.com: Expert Business Advice, Tips, and Resources - Business.com, and numerous others. Timothy's expertise lies in in-depth research and comprehensive coverage of stock and cryptocurrency movements, coupled with a keen understanding of the economic factors influencing currency dynamics. Timothy majored in English at East Tennessee State University, and you can find him on LinkedIn.