Tokens related to communications surged to more than 18% last week as per the report of a crypto monitor CryptoSlate.
Movements of stocks have been observed to be taking a steep nose dive since that turbulence caused by the health crisis. In spite of this, telecommunication stocks started to escalate slowly within the past week due to increased demand of remote workforce. As these similar stocks increased, communications-related tokens also took the ride up as it shows at least 18% of growth in a 7-day period.
Given the fact that there’s no correlation between the traditional and crypto markets, traders may somehow have to agree on the recent trends that stocks and tokens relating to a specific industry may perform similarly over the course of an outbreak like this.