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.
On 13 May, Telcoin announced the addition of 8 new tokens to the #Telcoin App! Powered by #TELx, Users can trade, send, and store these cryptos smarter. Know more about the new Telcoin ecosystem assets here: $APE, $AXS, $CRV, $GRT, $LINK, $MANA $MKR, $UNI #sendmoneysmarter w $TEL.
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
Today’s Telcoin price is $0.002255 with a 24-hour trading volume of $2,572,796. Telcoin is down 3.98% in the last 24 hours. The current CoinMarketCap ranking is #170, with a live market cap of $138,182,595. It has a circulating supply of 61,278,700,558 TEL coins and a max. supply of 100,000,000,000 TEL coins.
What is Telcoin?
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.
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 relies on Proof of Concept (PoC)
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 the 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.
Telcoin Overview
| Coin | Symbol | Price | Marketcap | Change | Last 24h | Supply | Volume (24h) |
|---|---|---|---|---|---|---|---|
 Telcoin TEL | TEL | $ 0.001477 | $ 94.04 M | 2.17% | 63.89 B | $ 1.42 M |
Telcoin Price History
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 Technical Analysis
Telcoin market momentum is on a downward trend on a 1-day chart, and if the bear market continues, we could see lower prices. However, if the bulls turn to the crypto, a trend reversal could be imminent. The coin’s RSI also shows that TEL is currently undervalued.
Telcoin Price Prediction 2022-2030
Wallet Investor
According to Wallet Investor, Telcoin (TEL) is not considered a profitable investment. Based on their TEL price forecast, TEL could fall to 0.000450 USD in 1 year, and then further downwards to 0.0000188 USD by May 2027.
PricePrediction
Contrary to Wallet Investor, the TEL price prediction from PricePrediction provides a positive market outlook for the cryptocurrency. A maximum TEL price of $0.003 is expected by the end of the year. Going forward they expect TEL to progress steadily and reach a maximum price of $0.010, and a minimum price of $0.008 by 2025. The maximum, minimum, and average prices for 2030 are $0.087, $0.074, and $0.076.
TradingBeasts
Tradingbeasts forecasts a price increase of about 120% by December 2022, that a maximum market value of $0.0063613. They expect a positive price momentum in the coming years. The TEL price prediction for 2024 from TradingBeasts projects a trading range of $0.0044337 to $0.0078514, with the peak value exceeding the coin’s current ATH. By 2025, they expect a trading range of $0.0054065 to $0.0088701.
Cryptopolitan
Telcoin Price Prediction 2022
A minimum price of $0.00284 with an average price of $0.00306 is expected, and towards the end of 2022, a maximum price of $0.00331 is expected.
Telcoin Price Prediction 2023
In 2023, a minimum price of $0.00309 with an average price of $0.00348 is expected, and by the end of the year, a maximum cost of $0.00383 is anticipated.
Telcoin (TEL) Price Prediction 2024
In 2024, TEL should have a minimum price of $0.00287, having its average price at $0.00343, and a maximum cost of $0.00383 is expected by the end of the year.
Telcoin Price Prediction 2025
By 2025, investors should anticipate a minimum price of $0.00402 with an average price of $0.00454, and a maximum cost of $0.00506 is expected by the end of the year.
Telcoin Price Prediction 2026
TEL is anticipated to have a minimum price of $0.00380 with an average price of $0.00434 in 2026, and towards the end of 2026, a maximum price of $0.00467 is expected.
Telcoin Price Prediction 2027
In 2027, TEL is anticipated to hit a minimum price of $0.00450; an average price of $0.00539 is expected, with its maximum price getting up to $0.00619 by the end of 2027.
Telcoin (TEL) Price Prediction 2028
We expect Telcoin to overtake its current all-time high and reach newer heights in 2028. According to our TEL price prediction for 2028, a maximum price of $0.00684 and an average price of $0.00757 is anticipated. It is possible that Telcoin could hit a maximum price of $0.00787, with more active telcoin users.
Telcoin Price Prediction 2029
TEL’s minimum price of $0.00916 and an average price of $0.00954 is predicted by 2029, and a maximum price of $0.0100 is achievable.
Telcoin Price Prediction 2030
In 2030, TEL is anticipated to have a minimum price of $0.0103 and an average price of $0.0106, and by the end of 2030, TEL’s maximum price will likely stand at $0.0108.
Telcoin Price Prediction by Industry Experts
According to Mikhail Karkhalev, a crypto analyst, the Telcoin token is currently not traded on the top exchanges, which means there is not much demand for it in the crypto community. However, suppose the situation changes and the project gets listed on popular exchanges and announces promising partnerships with leading telecommunication companies. In that case, TEL could be a worthy inclusion in your crypto investment portfolio.
NCashOfficial also provides a bullish prediction for Telcoin.
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Conclusion
Investors should keep a keen eye on the performance of TEL. It is a handy crypto token to acquire for one’s portfolio as it can reward investors and traders in the longer run. With the high expectation for the expansion of the telecommunications market, a larger Telcoin market cap could follow suit with improved mobile phone user-owned financial products. Despite the solid fundamentals of the Telcoin project, it has yet to gain wider adoption by mobile network operators and other telecom companies. As such, it’s too early to say if the crypto will become another gem. Going by the predictions, TEL seems to be a good investment with a bright future in the crypto market.
However, be sure to conduct your own research before making any financial decisions.
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 TEL 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 financial advice from a crypto expert.
Given the TEL price prediction, the coin can hit $0.1 soon. Again, this is not a piece of financial advice; always DYOR (do your own research). It is not enough to rely on a 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 or engaging in 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.
