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.
Where can you buy Telcoin?
TEL can be purchased on several popular crypto exchanges. Users can use exchanges like Uniswap, SushiSwap, KuCoin, HitBTC, Bilaxy, 1inch Exchange, and Bitbns to buy, sell, hold, and trade a TEL token.
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. It is impossible to buy a TEL token directly from an exchange at the moment. 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.
What is Telcoin’s compatibility with e-wallets?
All ETH-based wallets are compatible with Telcoin. With further developments in the network’s ecosystem, the TEL coin could be available in more crypto exchanges with the possibility of a direct purchase.
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||$ 0.002446||$ 154.75 M||6.92%||63.25 B||$ 2.69 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.
Telcoin Price Prediction 2022-2030
As massive developments in the Telcoin system are being made, it is expected to add further to the telcoin price. The advanced technical analysis tool indicates that the telcoin forecast can cross $0.23 in the long run if all goes well for the blockchain project.
Even though Telcoin has proven to be a good investment, there is a constant risk warning for such volatile assets. Despite being a profitable investment, it can result in losses for consumers who are forced to sell telcoin losses at a minimum price.
Thus, users should use the most popular technical indicators, technical analysis, and research to make trading calls. Several indicators and analysts discuss the telcoin price prediction for 2022 and the telcoin price forecast in detail.
Telcoin Price Prediction 2022
The price prediction for December 2022 shows that this year will come to a close with a growth rate of around 29%, and the average price for Telcoin will be $0.0129. These price predictions show a bullish tenure for telcoin prices later in the ongoing year. The average price will stay in between the range of $0.0129 – $0.0290.
Telcoin Price Prediction 2023
It is predicted that 2023 might not be that good in profits for Telcoin price, as the price prediction hike is in the 19% range. If the year starts from around $0.0290, then later in the same year, the maximum price will rise to 57% in December, with an average of $0.0258 – $0.0465.
Telcoin Price Prediction 2024
The year 2024 might bring Telcoin price more good than anticipated, taking Telcoin further high as it will start with a growth rate of around 62% while concluding with 103.50%. The Telcoin price in December 2024 is expected to be in the range of $0.040 – $0.065.
Telcoin Price Prediction 2025
The year 2025 is expected to show a 16-17% gain at the end of the year, and the Telcoin price prediction for that time is around $0.075.
Telcoin Price Prediction 2026 and beyond
Telcoin is expected to receive more recognition in light of increased use-cases, as it is making money transfers easier for its users. The coin will gradually keep rising following market trends and fluctuations. However, it will rise in the charts of top cryptocurrencies by attracting more investors.
It is expected that Telcoin tel prices will receive an annual boost of around 18-20% in the year 2026 and beyond. If all goes well for the token, the Telcoin price forecast will be $0.23 by 2030.
Telcoin Price Prediction 2022 by Industry Experts
TradingBeasts is known for its bold and in-depth predictions for different cryptocurrencies, which helps in investors’ own research and investment decisions. The mentioned site has released a future price prediction forecast for 2022 and the upcoming years. The given data can be used for investments and updates about the Telcoin price forecast.
TradingBeast’s telcoin technical analysis indicates that telcoin price can grow significantly in May 2022. The maximum price can be touched after a rise of over 38% in that month. The average price in the same month might be $0.0139.
On the other hand, Wallet Investor predicts that the telcoin price might be bearish in the upcoming months of 2022, while the performance may be bullish in the coming years. In the short run, the telcoin forecast is to go below $0.0120.
As per Long Forecast, Telcoin price is expected to stay static till the second quarter of 2022 as per its price prediction for 2022. While later, it might gain momentum and see fluctuations but will close the year with $0.012 – $0.013.
The telcoin price predictions seem to have an optimistic outlook for the rest of the year 2022 and the coming years. The coin has strong fundamentals that are positively influencing the telcoin price forecasts. Moreover, TEL has made strong bull runs in the past, and it certainly has the potential to repeat its performance in the future as well.
Investors should keep a keen eye on the performance of TEL and telcoin forecast. It is a handy crypto token to acquire for one’s portfolio as it can reward investors and traders in the longer run. However, investors should devise their market entry points by conducting their own research and technical analyses for more profitable outcomes.
FAQs about Telcoin
What is the current Telcoin price in the crypto market?
The current Telcoin price is $0.00812.
Is Telcoin an Ethereum-based coin?
Yes, TEL is an Ethereum-based cryptocurrency that was launched in 2017 to bridge the divide between cryptos, blockchain, and the telecom industry.
Is Telcoin a good coin to add to an investment portfolio?
Based on Telcoin price predictions, it is a good investment. However, before investing in any initiative or sanctioning a crypto trade, constantly evaluate historical data on leading exchanges, analyze telcoin technical analysis, do your research, familiarize yourself with fundamental analysis, and seek investment advice from a crypto expert.
Given the telcoin price prediction, the coin can hit $0.1 soon. Again, this is not a piece of investment advice; always DYOR (do your own research). It is not enough to rely on a Telcoin price prediction.
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.
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.