Despite the impediments in the crypto sphere, optimism among cryptocurrency traders and enthusiasts has unwaveringly grown. Blockchain technology has been instrumental in developing novel financial solutions aimed at resolving primary everyday difficulties, and more than ever before, the demand for cryptocurrency innovations is on the uprise. Telcoin (TEL) is one of these financial products seeking to transform global remittances.
The latest tweet from the Telcoin Twitter handle is about the decentralized remittances using Telcoin. As the changes in the market are evident, there are chances that blockchain systems like Telcoin will replace big names like Western Union.
Telcoin also provides incentives in lower fees and other benefits, so it is a good deal for those who want to send money. The customer response in replies is also good, which means that you can also use this blockchain system for good results.
If further customers are attracted to this blockchain system, the coin price will rise
Telcoin (TEL) was created in 2017 by Claude Eguienta and Paul Neuner, and its core mandate is to create a bridge between the crypto space and fiat currencies with the aid of the blockchain. Telcoin Pte. Ltd. is situated in Singapore and boasts a diverse and competent team in Japan, Tokyo.
What is Telcoin?
Telcoin is a decentralized cryptocurrency and remittance system built on Ethereum. It was designed to make worldwide money transfers easier by integrating blockchain and the telecom industry. Telcoin aims to take over the remittance market, currently dominated by Western Union (WU) and other competitors, by partnering with worldwide telecom enterprises, mobile money platforms, and billing platforms to provide consumers with instantaneous and low-cost digital remittances via a mobile platform and secure wallet.
Telcoin leverages the best features of the Ethereum blockchain to achieve its goal. It relies on Proof of Concept (PoC) rather than traditional validators to verify consistency in transactions. Also, it determines whether a transaction has some degree of real-world practicality before confirming the transaction.
There are three parts to the Telcoin model: the infrastructure, telecommunications enterprises, and consumers. It guarantees the appropriate application of wallets as well as the network’s implementation. Telcoin users retain complete ownership and management of their tokens, which is commonplace with any decentralized digital coin.
In other words, token holders retain the power to send their tokens straight to a peer wallet. However, due to Telcoin’s security design, activating these transactions requires a minimum of two private keys. This security architecture can further be strengthened by utilizing a multi-signature approach that guarantees a more security-conscious system.
Telcoin (TEL) distinguishes itself from competition in providing efficient remittance and financial services to its consumers. These offerings include incentivized adoption, affordable transaction fees, instantaneous transfers, flexible API integrations, top-notch security architecture, multi-platform compatibility, and the ability to interact with existing mobile money wallets.
The utility token of the Telcoin ecosystem is TEL – an ERC 20 token. Users must own this token to facilitate interactions with the core offerings of the Telcoin network. Telecommunications operators leveraging the offerings of Telcoin can issue TEL tokens. The higher the TEL token integrations a telecom or mobile operator accommodates, the more the incentives it earns from the TEL network- this is in line with the incentivized adoption approach. TEL can be traded on decentralized exchanges such as Sushiswap and Uniswap. Also, it is listed on Kucoin and several centralized exchanges.
|Coin||Symbol||Price||Marketcap||Change||Last 24h||Supply||Volume (24h)|
|TEL||$ 0.010180||$ 608.19 M||3.26%||59.94 B||$ 7.28 M|
Telcoin Price history and technical analysis
At the inception of the Telcoin (TEL) project in 2017, the maximum token supply on the network was 100 billion TEL. Currently, TEL has a circulating supply of over 54 billion tokens (over 50%). One-quarter of the tokens were distributed to investors in a crowd sale, and another 15% was reserved for the development team, including a 5% liquidity fund. The incentives redeemable by telecom operators amount to 50% of all tokens. Also, ongoing developments and community incentives get 5% of all Telcoin tokens.
Taking a look at the dynamics of Telcoin, its first significant price action was in January 2018, when it hit a market price of $0.00387607. It fell below the $0.001 mark in June 2018 and reached an all-year low price of $0.00014220 in December 2018. TEL spent the first quarter of 2019 between $0.0004 – $0.0007 and ended the year around the $0.00035 mark.
On March 13, 2020, TEL plunged to an all-time low of $0.00006516. The price ramped up until it attained an all-time high of $0.0649 on May 11, 2021. However, a further upside movement was rejected, and the TEL price momentum was reversed.
The current price of Telcoin is trading around the $0.019 mark, with a 24-hour price drop of about 0.21%. However, its market momentum has taken an upward trend in the past few weeks, and a breakout well above the current price is expected soon.
Price History and Technical Analysis
The current price for Telcoin is about $0.01184, which underwent a loss of 0.13% in the previous 24 hours. The market trend shows that its price has been through fluctuations in the previous days so, there are chances of improvement in its value.
Market Prediction for Telcoin Price 2021-2028
As massive developments in the Telcoin system are being made, it is expected to add further to its bulk. There are chances that it might cross the $0.23 benchmark if the progress continues.
Here is a brief overview of its forecasts.
Tel Price Prediction by TradingBeasts
TradingBeasts is known for the bold and in-depth predictions for different cryptocurrencies. The mentioned site has released a forecast for 2022 and the upcoming years. The given data can be used for investments and updates about Telcoin.
Telcoin Price Prediction for 2022
They have predicted that Telcoin will hit an average price of $0.0163387 at the close of February 2022, as the growth is expected to be 38.24%, while the minimum price is expected to be $0.0138879.
May 2022 is expected to be the month of highest growth as the price will see a rise of 38.12%. The average price in the same month might be $0.0138764.
The price prediction for December 2022 says that this month will come to a close with a growth rate of 28.75%, and the average price for Telcoin will be $0.0129345.
Telcoin Price Prediction for 2023
TradingBeasts predicts that 2023 might not be that good in profits for Telcoin till 2023, as the price hike is in the 19% range. Later in the same year, the price will rise to 56.92% in December, with an average of $0.0157652.
Telcoin Price Prediction for 2024
2024 might take Telcoin further high as it will start with a growth rate of 61.57% while concluding with 103.50%. The price for Telcoin in December 2024 is expected to be $0.0204442.
Telcoin price prediction by Wallet Investor
If we consider the short-term predictions, Wallet Investor predicts that the currency might be bearish in the upcoming months of 2022 while the performance is bullish in the coming years. In the short run, the currency might go below $0.0120.
The below-given chart gives a clear indication of growth for the coming years.
February 2022 will close with an average of $0.0175, while December is expected to take the price to the average value of $0.0290. So, Telcoin might bring profits to the investors.
January 2023 is expected to start with $0.0291, while December will close its price with $0.0465.
2024 might bring Telcoin more than expected as it might have developed further. The forecast says that it will start January with an average of $0.0468 while coming to a close with $0.0644.
Telcoin price prediction by Long Forecast
LongForecast has given a detailed chart for the prices related to Telcoin for the coming years. These charts cover years up to 2026. Here is a brief overview for years till 2025.
Telcoin Price Prediction 2022
Telcoin is expected to stay static in the first two months of 2022. While later, it might gain momentum and see fluctuations but will close the year with $0.012.
Telcoin Price Prediction 2023
Compared to 2022, 2023 will bring Telcoin gains, but there is no net gain as the price will remain $0.012 at the close of the year.
Telcoin Price Prediction 2025
2025 is expected to show a 16.7% gain at the end of the year, and Telcoin’s price will be $0.014.
Is Telcoin an Ethereum-based coin?
Yes, TEL is an Ethereum-based cryptocurrency launched in 2017 to bridge the divide between cryptos, blockchain, and telecom.
Is Telcoin a good coin to add to an investment portfolio?
Based on Telcoin predictions, it is a good investment. However, before investing in any initiative or sanctioning a crypto trade, constantly evaluate historical data on leading exchanges, do your research, familiarize yourself with fundamental analysis, and seek investment advice from a crypto expert.
How to buy Telcoin?
TEL can be purchased on a crypto exchange. These cryptocurrency exchanges offering several assets include KuCoin, HitBTC, Bilaxy, 1inch Exchange, and Bitbns. At the moment, it is impossible to buy a TEL token directly from an exchange. Users interested in buying Telcoin will have to purchase a different digital asset and then swap the help for TEL.
All ETH-based wallets are compatible with Telcoin. With further developments in the network’s ecosystem, TEL coin could be available in more crypto exchanges with the possibility of a direct purchase.
Can Telcoin (TEL) reach $0.1?
Yes, given the price prediction of Telcoin crypto, it is entirely plausible for the coin to hit $0.1 soon. Again, this is not a piece of investment advice; always DYOR (do your research). It is not enough to rely on a Telcoin price prediction.