Despite the challenges in the crypto space, optimism among traders and investors is rising. Blockchain technology is important in the development of unique financial solutions that will resolve basic everyday problems. Moreover, the desire for cryptocurrency breakthroughs is higher than ever before. Telcoin (TEL) is one of these financial solutions that aims to revolutionise global remittances. In this article, we will look at the Telcoin price prediction.
Claude Eguienta and Paul Neuner founded TEL in 2017. Its primary mission is to use blockchain technology to provide a bridge between the crypto realm and fiat currencies. Telcoin Pte. Ltd. is based in Singapore and has a diversified and capable workforce in Tokyo, Japan. Let’s learn more about Telcoin before jumping into Telcoin Price Prediction.
What exactly is Telcoin?
Telcoin is an Ethereum-based decentralised cryptocurrency and remittance mechanism. It aims to make foreign money transactions easier by combining blockchain technology with the telecom sector. Telcoin aims to disrupt the money transfer industry. Western Union (WU) and other competitors are the main drivers of the money transfer industry.
TEL collaborates with telecom network entities, mobile payment systems, and invoicing portals. It aims to provide consumers with immediate digital money transfers via a digital application and a safe wallet.
Telcoin achieves this aim by utilising the greatest characteristics of the Ethereum blockchain. It uses Proof of Concept instead of conventional verifiers to ensure transactional integrity. Before verifying a transaction, it also evaluates whether it has any degree of real-world applicability.
The Telcoin concept has three parts: infrastructure, telecommunications firms, and customers. It ensures the proper use of wallets as well as the network’s implementation. Telcoin users maintain total ownership and administration of their tokens.
To put it another way, token holders keep the ability to send their tokens straight to a peer wallet. But, owing to the security architecture of Telcoin, initiating these transactions requires at least two private keys. TEL can improve this security architecture further by employing a multi-signature technique. It ensures a more secure system.
TEL, an ERC 20 token, is the utility token of the Telcoin ecosystem. Users must hold this token to interact with the Telcoin network’s basic offers. Telecommunications carriers who use Telcoin’s services can issue TEL tokens.
The greater the number of TEL token integrations a telecom or mobile operator accepts, the greater the incentives it receives from the TEL network. This is consistent with the incentivized adoption method.
Telcoin price history and technical analysis
According to the most recent statistics, Telcoin’s current price is $0.008. Telcoin has a circulating supply of 59,093,582,611 and a market capitalization of $486,725,585.
In the last 24 hours, the cryptocurrency’s current value has dropped by 7.3 percent. When we compare the present market cap of TEL to the previous day’s market cap, we can observe that the market cap is likewise down.
TEL’s stock has been on a nice upward trend over the last 7 days, increasing by 22.84 percent. Telcoin has recently demonstrated very great potential, and this may be a fantastic time to get in and invest.
TEL’s price has dropped by 31.873 percent in the last month. It subtracts a stunning average of $0.004 from its present worth. This abrupt drop indicates that the currency is now in a slump. It indicates that it might be an excellent buying opportunity for a quick investment.
The 90-day price change is around -67.81 percent. The price fluctuated between a minimum average price of $0.023 and a maximum average price of $0.036 in the previous 90 days.
In the last four months, the price of telcoin has fallen by 64.50 percent. The maximum average price of the coin is around $0.020 and the minimum average price is about $0.019.
Now, let’s dive into the Telcoin price prediction.
Telcoin Price Prediction 2022
According to our technical analysis, we predict the price of Telcoin will reach a low of $0.011 in 2022. TEL will have a maximum trading price of $0.014 and an average trading price of $0.012.
Telcoin Price Prediction 2023
According to our technical analysis, we predict the price of Telcoin will reach a low of $0.016 in 2023. TEL will have a maximum trading price of $0.020 and an average trading price of $0.017.
Telcoin Price Prediction 2025
According to our technical analysis, we predict the price of Telcoin will reach a low of $0.0341 in 2025. TEL will have a maximum trading price of $0.041 and an average trading price of $0.0352.
Telcoin Price Prediction 2031
According to our technical analysis, we predict the price of Telcoin will reach a low of $0.030 in 2031. TEL will have a maximum trading price of $0.037 and an average trading price of $0.032.
TEL has a promising future in 2022. With continued improvements inside the TEL ecosystem and the larger crypto market, we may see TEL reach new heights. In the meantime, our long-term Telcoin price prediction for 2022 is optimistic. It has a good chance of exceeding its present ATH this year. However, this will only happen if it can break away from past psychological barriers.
The bullish Telcoin price prediction for 2022 is $0.012. Furthermore, if investors determine that TEL is a viable investment in 2022, it may reach $0.014.