Telcoin Price Prediction 2022-2031: Is TEL a Good Investment?
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 to resolve primary everyday difficulties, and more than ever, the demand for cryptocurrency innovations is on the rise. 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. The coin price will rise if further customers are attracted to this blockchain system.
Today’s Telcoin price is $0.001527, with a 24-hour trading volume of $1,051,075. Telcoin is up 0.27% in the last 24 hours. The current CoinMarketCap ranking is #197, with a live market cap of $96,165,485. It has a circulating supply of 62,968,700,558 TEL coins and a max. supply of 100,000,000,000 TEL coins.
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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 Tokyo, Japan.
Telcoin is a decentralized cryptocurrency and remittance system built on Ethereum. Integrating blockchain and the telecom industry was designed to make worldwide money transfers easier. 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 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 | $ 0.001512 | $ 99.52 M | 0.32% | 65.23 B | $ 1.29 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
The price of TEL has been correcting lower since June and is currently trading near the $0.001548 level. The recent price action has created a bearish head and shoulders pattern on the charts, which is a bearish reversal pattern.
The support of Telcoin is located at the $0.001534 level, and a break below this level could signal further downside in Telcoin. The next level of support is located at the $0.001450 level, and a break below this level could push Telcoin towards the $0.001350 level.
On the upside, resistance for TEL is located at the $0.001574 level, and a move above this level could see Telcoin rallying towards the $0.001650 level. Overall, the outlook for Telcoin is bearish, and further downside could be seen in the short term. The Bollinger bands indicator is showing signs of bearish momentum, with the price trading below the middle Bollinger band.
The 50-day moving average is trading below the 200-day moving average, which is a bearish sign. The MACD indicator is bearish and is currently trending lower. The RSI indicator is also bearish and is currently trading near the oversold levels. A break below the $0.001534 level could see Telcoin testing the $0.001450 level.
Telcoin Price Predictions by Authority Sites
DigitalCoinPrice
In the first week of January 2022, Telcoin rose to $0.0121 and then fell to $0.00548 for the first time since January 2021. The site predicts an average of $0.00202 by the end of 2022. Telcoin’s lowest pricing will be between $0.00329 and $0.00368 by the end of 2023.
In the long term, Digitalcoinprice has a potential average target of $0.00769, which is expected to be hit by 2027. The projection expects a minimum of $0.00732 and a maximum of $0.00814 in the same year. Telcoin Price Prediction, or TEL, will have enormous growth in 2030 to an average of $0.0214, with a minimum projection of between $0.0212 and $0.0217.
Wallet Investor
Wallet Investor`s forecast shows that buying TEL for the long term would not be a wise choice. The estimates of Telcoin prices are updated every three minutes, using the most recent prices and sophisticated technical analysis. The site`s Telcoin Price Prediction for the end of 2022 estimates an average of $0.0000899. By 2025-2026, TEL might reach $0.0000778. Wallet Investor doesn`t give a specific price prediction for 2030 but says that the coin has the potential to grow significantly.
TradingBeasts
The Telcoin price is forecasted to reach $0.0025097 by the beginning of October 2022. The expected maximum price is $0.0031371, and the minimum price is $0.0021333. The Telcoin price prediction for 2025 is expected to be $0.0032345 with a 105.71 percentage change and a minimum of between $0.0027493 and $0.0040431.
Cryptopolitan
Telcoin Price Prediction 2022
By the end of 2022, the price of Telcoin is predicted to reach an average price of $0.002. It expects a minimum price of $0.002 and a maximum price level of $0.002.
Telcoin price prediction 2023
According to our TEL prediction for the year 2023, Telcoin is not expected to make major changes in its prices. The coin will trade at an average price of $0.003 throughout the year.
Telcoin price prediction 2024
Telcoin price forecast for the year 2024 suggests TEL could reach a minimum price level of $0.004. TEL is predicted to reach a maximum level and an average price of $0.004.
Telcoin price prediction 2025
The price of Telcoin is expected to reach a minimum level of $0.005 in 2025. The Telcoin price can reach a maximum level of $0.006, while the average price forecast is $0.005.
Telcoin price prediction 2026
Telcoin is expected to continue soaring in the year 2026, and the digital asset might potentially attain a maximum value of $0.029.Telcoin is anticipated to retrace to an average price of $0.08, and the minimum forecast price could be $0.008.
Telcoin price prediction 2027
In 2027 the price of Telcoin is expected to reach an average price of $0.012 and is estimated to have a minimum price of 0.011 and an average price of 0.014.
Telcoin price prediction 2028
The price of Telcoin is expected to reach a minimum value of $0.016 in 2028. Telcoin might potentially reach a maximum value of $0.020 while the average trading price could be $0.016by the end of 2028.
Telcoin price prediction 2029
Telcoin tel price prediction for the year 2029 suggests that the minimum price might be $0.04while the maximum price forecast is $0.028.Telcoin’s price might reach an average price level of $0.025.
Telcoin price prediction 2030
In 2030, the average forecast price is $0.036, while a minimum of $0.035 is expected. A price rise to a maximum of $0.042 is also expected before the end of 2030.
Telcoin price prediction 2031
In 2031, TEL is expected to make significant gains and might potentially reach $0.-62 as the highest price. The minimum and the average predicted prices are $0.050 and $0.052, respectively.
Telcoin Price Prediction by Industry Experts
Crypto analysts have also given their views on where they think the price of Telcoin will go in the future. According to Mr. Legend Crypto, the Telcoin market capitalization could reach $1 billion by 2025, putting each TEL coin’s price at around $0.01. In the long run, Mr. Legend Crypto predicts a profitable market price of $0.27.
Similarly, another crypto analyst, Crypto vault, has said that he thinks Telcoin will create millionaires in the next few years as it has the potential to reach $1 per coin.
Other industry experts have given their Telcoin price predictions for the years to come. Some are more conservative than others, but all agree that the price of Telcoin is expected to rise in the future.
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.
There is a lot of potential for the price of Telcoin to grow in the future. Industry experts and analysts have given their predictions, and it is clear that they believe the price will reach new heights. However, as with all investments, it is important to remember that there is always a risk involved, and you should never invest more than you can afford to lose.
Despite the Telcoin project’s strong foundations, it has yet to gain broad acceptance among mobile network operators and other telecom businesses. As such, it remains to be seen whether the project will reach its full potential. However, if it does, the price of Telcoin could reach new highs in the years to come.
Investors should keep an eye on the developments of the Telcoin project and the crypto market, in general, to ensure they are making the best investment decisions.
from Price Prediction – Cryptopolitan https://ift.tt/Pl29G0F
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