What is Telcoin Price Prediction? [2022 to 2030]

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In this piece, we will be predicting the price of Telcoin, an Ethereum-based cryptocurrency that operates as a decentralized cryptocurrency as well as a remittance payment system.

It was designed to make worldwide money transfers easier by integrating blockchain and the telecom industry. An open-source project aimed to provide users with a low-cost, efficient, yet secure experience for users to send digital remittances via mobile platforms and e-wallets.

TEL is the native cryptocurrency, and it is used in the Telcoin ecosystem for making payments.

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Telcoin Price Prediction

Table of Contents

What is Telcoin?

Telcoin is a financial technology platform leveraging the blockchain to facilitate high-speed, low-cost international remittances. 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 (TEL) is the native medium of exchange, reserve asset and protocol token of the Telcoin user-owned, decentralized financial platform. TEL enables end users to seamlessly access and power a global suite of user owned, decentralized financial products. TEL incentives coordinate market participants, such as telecoms and active users, to provide specific value added services to end users of the platform, aligning the incentives of the Telcoin ecosystem towards providing mobile phone users globally with access to fast and affordable, user-owned financial products

It was launched in July 2017 in Singapore by Paul Neuner and Claude Eguienta to be the bridge between cryptos, blockchain and the telecommunication industry. The introduction of Telcoin was a huge turning point in an industry where it is simple to point at the benefits of offering remittance service, yet while many locations have mobile infrastructures for such services, they lack the financial infrastructure needed to provide traditional banking services.

Overview of Telcoin

Telcoin integrates its cryptocurrency (TEL) and its app to provide safe and speedy transactions. The TEL token is the vehicle of exchange, and token holders convert fiat money to TEL before sending it to another Telcoin account.

A transfer on the network involves three parties and steps; a Telcoin app user, mobile network operators and Telcoin:

Telcoin app users: The users have full access to their money via the Telcoin app or any other supported ERC-20 wallet. An ERC20 token is a standard used for creating and issuing smart contracts on the Ethereum blockchain. They send and receive money only after Telcoin or mobile operators validate their transactions. The users’ phone numbers serve as their identifiers with the mobile operators.
Operators (mobile carriers and money platforms): During a transaction, operators order Telcoin to move TELs to and from a user’s wallet. The operators and networks allow Telcoin to leverage their influence and connect with their subscriber base. They receive TEL as a reward where networks with more traffic and integration maturity receive more TEL than their younger counterparts. According to Telcoin, this incentive system encourages operators to keep remittance costs down.
Telcoin: Telcoin stores user’s identifiers, public keys, and one of their three private keys. They handle the back-end of things by connecting Telcoin users or generating temporary addresses for non-Telcoin users (that are on supported operators) so that users receive their funds. During transfers, Telcoin charges a 2% fee for each transaction. This fee comes from the conversion cost of TEL to a major cryptocurrency, and then to fiat money like the US dollar.

We’ve encountered other ERC 20 digital assets like Digitalbits and Ardor and you can read my price predictions of them as well.

History of Telcoin

Telcoin was founded by Paul Neuner and Claude Eguienta in 2017. Paul Neuner who is the chairman of Telcoin has over 12 years experience in the telecommunication sector. His first involvement in the telecom industry began with Mobius, a startup that provides mobile networks with fraud management services. In 2012, Paul Neuner founded Pangea K.K., a Tokyo-based software mobile application development company. Prior to co-founding Telcoin, he started Ikou, a mobile application that helps to create and organize events. In 2018, Neuner founded Sedona, a next-gen telecom fraud management service that focuses on safeguarding sovereign mobile financial services.

The CEO and head of the Telcoin project is Claude Eguienta. He had worked for startups and large tech companies focusing on providing clients with the best financial services for over a decade.

It was developed in Singapore and has found its way into many countries including Canada and Philippines.

How Telcoin Works

Telcoin is built on the Ethereum blockchain and leverages its best features to its advantage. Instead of using validators for transactional consistencies, it uses the PoC (Proof-of-Concept) approach. Thus, before validating any transaction, it verifies whether or not it has some real-world feasibility.

There are three components to the Telcoin model: network, telecommunications companies, and the people who subscribe to it. It takes care of the wallets and the implementation of the network. As is the case with decentralized cryptocurrencies, their users have total ownership and control over their tokens.

A token owner can choose to directly transfer these tokens from their account to a peer account. These transactions, however, need at least two private keys to be activated, based on Telcoin’s security architecture. The user can increase this requirement if they so desire. This setting is called a multi-signature model and is often used in systems offering a high level of security.

Telcoin’s network distributes Telcoin tokens (TEL) among network operators as rewards. The higher the number and level of Telcoin integration a telecommunications provider have, the higher their token reward. They receive TEL in exchange for the validation services within the network.

TEL coin is the native cryptocurrency of Telcoin. It has several different functions including as a medium of exchange, a protocol token and a reserve asset. The TEL coin allows individuals to access a host of different financial products, but uses market participants such as telecom companies to provide specific services to platform users.

Some of the telcoin features are:

Efficient and cheap remittances:

Traditional financial institutions charge a 7% fee to send international remittances. According to Telcoin, users that send remittances via its Telcoin app only need to pay a 2% fee per transaction. Although transaction fees have increased with the rise of DeFi (Decentralized Finance), it is still great for transactions exceeding $1000, as it is cheaper and faster than traditional remittance routes. The active remittance feature available after the rollout of Telcoin V2.3 allows recipients or beneficiaries to choose the location of inbound transfers. It is part of the “fully digital and socially distanced” campaign the company is pushing to preserve health and safety during the Corona pandemic.

Multiple remittance corridors:

In Telcoin V2.3 roll out, there’s an addition of 15 new corridors and 23 mobile platforms to Telcoin network. In collaboration with the Philippines’ most popular financial app Gcash, Telcoin has also opened a remittance channel between Canada and the Philippines. The increase in remittance corridors and supported platforms will help grow the network’s user base and boost adoption.

ERC-20 wallet compatibility:

TEL is an ERC-20 token that runs on the Ethereum network making it compatible with any ERC-20 wallet. The holders with TEL in their Telcoin Wallet can transfer the tokens and store them in any other ERC-20 wallet like MetaMask and Ledger.

Physical cash outs:

After receiving remittances, users can withdraw the money by going to specific physical cash-out locations. For example, through the partnership with Gcash, users can withdraw money via their Gcash account at supported ATMs.

Telcoin V3.0

Telcoin V3.0 will introduce several new features in the Telcoin app. It is set to change the current Telcoin ecosystem by improving upon the systems that users are familiar with.

In this new update, new remittance channels through Singapore, Australia and the United States will join the Telcoin network. In addition, Mexico, Nepal and Tanzania will also join the network later to increase it reach and spread.

However, according to Telcoin, the new update will be released on Polygon OS, instead of on the Ethereum network. Polygon is a low-cost service protocol and framework for connecting Ethereum-compatible networks. Partnering with them could lower transactions costs to less than 2%. Moreover, Telcoin plans to leverage Polygon OS to launch the Rivendell network, an open Ethereum side-chain for mobile network operators. The Rivendell network allows operators to offer blockchain-based financial services to their subscribers without going through banking services.

V3 will also introduce TELx, Telcoin’s liquidity network where users stake their TEL token in existing pools to provide liquidity to the network, thereby allowing fast transfers. Furthermore, users staking their TEL tokens also participate in liquidity mining and earn additional TEL as incentives.

Telcoin Price Chart

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.

TEL first peaked in January 2018, the telcoin (tel) price was $0.01113. After that, it dropped 10-20% and kept on hovering at that level for some time. The telcoin price then plunged by a factor of 10, reaching a price level of $0.0002801 in February 2018. The telcoin price decline remained flat in 2019 and 2020.

2021 proved profitable for the currency when the coin had a bullish trend and rose to a value of $0.0009762 in January. This upward trajectory was maintained with TEL tripling it’s January value pegging at $0.003747 in February 2021. Another high came on March 12, 2021, when it reached $0.009168.

This bullish trend saw Tel surpass its all-time high of January 2018 in May 2021 reaching a price level of $0.01237 on May 1, 2021. Another peak came five days later when it was valued at $0.04841. The highest peak that TEL has attained during this bullish period was on May 11, 2021, when it pegged its ATH value of $0.0624.

From the end of May till mid-July TEL token stabilized around $0.033, bouncing between $0.028 and $0.037 for the whole period. The token price was however not affected much by the bearish tendencies leading the crypto market at the time. The coin improved its value noticeably compared to the previous months.

In July and August, the token price was still going through a market correction that took it to a drop of $.0.018 by mid-August. Once cryptos started to rally again TEL token also joined the major uptrend and was traded around $0.02 till the end of the first week of September. This didn’t last long as the asset got affected by the market correction and went down to $0.015.

From mid-September till the beginning of November the asset was gaining value moderately, reaching a price level of $0.023 by the end of October, and then being corrected to $0.018. This didn’t last long as by the first week of November it had recovered to $0.028. However, after that Telcoin price chart was declining not reaching higher than $0.014. Moreover, by the end of January Tel token had fallen to $0.025.

Since the beginning of March 2022, the TEL token slowly recovered from the downward trends, though still staying far below its ATH. In the last 7 days, the token has lost 15% of its value and at the moment the bearish trend is being sustained. Experts don’t predict a fast rise for the token but expect it to increase in value by the end of 2022, reaching $0.14. In the long run, however, experts are not optimistic about the success of the coin price.

The current trend and grim outlook may soon change as Telcoin is set to reveal big plans for global expansion.

Telcoin Price Prediction 2022 – 2030

Future Telcoin price predictions/TEL forecast is forecasted by applying deep artificial intelligence-assisted technical Analysis on the past price data of Telcoin tel.

All the historical data for the Telcoin is collected which includes multiple parameters like past price of telcoin, Telcoin market cap and Telcoin volume.

If you are looking to invest in digital cryptocurrencies and want a good return on your investments, make sure to proceed in this read to get a good understanding of the ontology price and predictions.

Disclaimer

Before we even start this, I should clarify that past performance is not indicative of future results, and you should always approach trading with a set of fundamental principles that guide your trades. Historical data and technical price analysis help but they are not always conclusive. That being said, we have to acknowledge that crypto prices are arguably the hardest ones to predict because they are complex instruments we are still learning about. That shouldn’t stop you from taking into account experts’ opinions and forecasts when investing because they may give you a different perspective concerning factors that may affect future price forecasts of the cryptocurrencies.

Although we have Telcoin TEL price prediction information, this is not indicative of telcoin price forecast.

This is not investment advice and you will be better off doing your own research before getting involved with the crypto market. If possible, talk to your financial advisor if you intend to invest in the crypto market because if you get it right, historical price analysis can help.

Telcoin Price Prediction 2022

Telcoin has long been a panacea for application developers. Telcoin has offered solutions to real-world problems like currency transfers and distributed finance. Telcoin current price stands at $0.0051 with a market capitalization of $305,598,791 and a current trading volume of $3,127,670 and a circulating supply of 59.09B TEL.

According to the current trading patterns in the crypto markets Telcoin price seems to be trading within the declining channel on the daily chart. It is evident that the Telcoin price will continue to correct further before registering any significant price movement. It is estimated that the minimum price level will be $0.003 ,the maximum price will be $0.003 and an average price of $0.003 for the year ending 2022.

Telcoin Price Prediction 2023

Going by the study of shorter and longer price trends, it is highly likely that the end of 2022 or the beginning of 2023 may not be so great for Telcoin’s growth, especially in comparison to its rivals.

It is forecasted in 2023 that the TEL price is will cross an average price level of $0.004 and have a minimum price value of $0.004. The maximum price level is expected to be $0.005.

Telcoin Price Prediction 2024

A jaw-dropping rise could be witnessed and bulls could ride the cryptocurrency market, with Telcoin experiencing the upsurge.

According to the Telcoin forecast price and technical analysis, in 2024 the TEL price is expected to cross an average price level of $0.006 with a minimum price value of $0.005 and a maximum price of $0.006.

Telcoin Price Prediction 2025

Traders and investors have started betting on long-term Telcoin price movement, tracking it very closely and expecting a phenomenal rise.

In 2025 the TEL price is expected to cross an average price level of $0.008. The minimum price is expected to be $0.008 while the maximum price level to reach $0.010 by the end of that year.

Telcoin Price Prediction 2026

Telcoin has an outstanding potential to reach new heights. It is forecasted that TEL will be bullish for sometime based on the telcoin price predictions.

In 2026, the average telcoin price is expected to hit the $0.012 mark. It is expected to trade at a minimum price of $0.011 and a maximum price of $0.013.

Telcoin Price Prediction 2030

If this bullish trend continues, then investors and traders might have a very good year in 2030.

According to the Telcoin forecast price and technical analysis, in 2030 the TEL price is expected to have an average price of $0.051. The minimum price value is expected to be 0.049 and the maximum price to be $0.058.

Is Telcoin a Good Investment?

Telcoin outlined their vision for their token in a release on July 1, meeting the deadlines they have set on their roadmap. They are very much still dedicated to the growth and mass adoption of Telcoin as a potential bridge between cryptocurrency and telecommunication.

There are scalability issues with Ethereum network’s. Slow transactions and high fees are common due to the blockchain giant’s high transaction volumes, which has had a large impact on the speed and cost of transfers on the Telcoin network. As the new V3 update rolls out as promised, transaction fees could be lower than 2% and will be paid out to liquidity miners on the platform.

TEL is not listed on most major cryptocurrency exchanges. The trading pairs for TEL are also limited and TEL can only be traded for popular cryptocurrencies like BTC and ETH, but not fiat. Thus, traders cannot buy TEL directly and will need to hold other cryptocurrencies in their wallets to purchase TEL, which can be inconvenient.

Moreover, goals like cryptocurrency payment cards, network prepaid airtime top-up, international aid, and other items listed in their white paper seem far away. Many of their proposed features are still in development. Only time can tell if the Telcoin team can deliver their numerous updates and features as promised.

Conclusion

Although Telcoin seems to be in its infant stages, there’s a lot of potential in the foreseeable future. Telcoin aims to bridge a gap that exists in international money transactions in a cost efficient and reliable manner.

Although the analysis indicates that Telcoin upward trend momentum will continue, the future price is also subject to market forces that often dictate how cryptocurrencies will perform. That being said, you should not ignore the fact that the market, particularly that of cryptocurrencies is inherently volatile.

Before you leave

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David Fortune

David Fortune has been the editor NoBSIMReviews.com since 2019. He is an expert at writing content on stock advisory services, side hustles, reviewing online business opportunities and many more topics. You can learn more about David on our about us page.

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