The Blockchain sector has been preeminent in developing many innovative financial solutions to answer the most fundamental problems that users experience daily. Telcoin is one financial solution that aims to address common problems and advance the blockchain towards its futuristic goal. Several altcoins, including DOGE, ADA, and XRP, already dominate the price chart and have paved the way for several other cryptocurrencies to assume leadership. Telcoin is one among them, as it provides potential investors with real-world use cases and exhibits high price volatility.
Telcoin (TEL) is a cryptocurrency that follows the ERC20 token standard and is built on the Ethereum blockchain platform. It is intended to be a worldwide payment system that anybody, regardless of location or currency, may utilize. Find out whether Telcoin is a decent investment in this article.
What Exactly Is Telcoin?
Telcoin (TEL) was developed by Claude Eguienta and Paul Neuner in 2017 with the primary objective of bridging the crypto realm and fiat currencies via blockchain technology. Telcoin is, as is common in the crypto world, both the crypto project and its native token, TEL. TEL is an ERC-20 token that serves as fuel for the Telcoin network. It is a component of the Telcoin platform and is used to encourage its users; they get TEL for operating the platform.
The platform is composed of many levels. Telx is the underlying liquidity layer that powers products based on Telcoin. This creates a user-owned liquidity engine that projects may utilize for their own purposes. The application layer consists of a mobile application used to access the Telcoin platform and its goods.
However its own application accompanies Telcoin, its availability remains limited. As with every ambitious crypto project, Telcoin has its own blockchain layer, or in this example, Rivendell, an Ethereum sidechain. Here we reach the TEL portion of Telcoin: Rivendell is designed with mobile network operators in mind. Rivendell enables MNOs to offer blockchain-based goods to their own clients. A cell operator, for instance, might utilize Rivendell to create its own blockchain-based payment system without having to construct the platform or become a regulated payment service provider. Or, if they already have a payment system, they may take payments on the blockchain; in fact, this is a significant element of Telcoin's plan, which we will discuss later.
Since the platform is user-owned, no single entity might fail and take the network with it. There is, however, a Telcoin-named firm that develops the platform, introduces new products, and promotes it. Importantly, just as the Telcoin platform is owned by its users and not the Telcoin company, TEL ownership does not confer any ownership rights in the Telcoin company. These are distinct entities.
TEL may be bought on a crypto exchange. KuCoin, HitBTC, Bilaxy, 1inch Exchange, and Bitbns are among the cryptocurrency exchanges offering many assets. Currently, purchasing TEL tokens directly through an exchange is impossible. Users interested in purchasing Telcoin must first acquire a separate digital asset before exchanging it for TEL.
All wallets based on Ethereum are compatible with Telcoin. With additional advancements in the network's ecosystem, Telcoin might be listed on more crypto exchanges and be accessible for direct purchase.
Advantages of Telcoin (TEL)
Telcoin users have several advantages. In the first place, the platform is decentralized, and the application of blockchain technology increases both openness and responsiveness. Moreover, the developers went to considerable efforts to eliminate technological obstacles. As a result, Telcoin is accessible for free download on both Apple and Google smartphones. It just takes a few seconds to install. The next steps are cash-in, input the recipient's nationality, phone number, and amount, and send.
Instant Transfers
The utilization of blockchain technology enables Telcoin to offer near-instantaneous international money transactions. To do this, the platform utilizes the existing mobile money infrastructure. Comparatively, it might take over 24 hours to transmit money worldwide with Western Union.
Fees
The elimination of many third parties from the remittance process decreases the total costs paid by customers. Users of Telcoin are subject to a 2% charge rate, and the global average for most carriers, including MoneyGram and Western Union, is 7%. Best of all, the Telcoin network can deliver low-cost services to customers while keeping service providers profitable.
Secure
Telcoin utilizes the complete security of Ethereum's blockchain. The platform has strong security capabilities, including multi-signature and API protocols. Through REST APIs, SMS, and USSD, the network connects directly with carrier billing and mobile money platforms.
Easy Integration
APIs facilitate the incorporation of Telcoin into mobile networks. Providers are not required to make any hardware modifications, and the integration of Telcoin is comparable to adding a new provider to their platform. Thus, the network functions as a crucial access point to decentralized marketplaces.
Due to its rarity, Telcoin's value is rising, while some may not consider it a sensible investment at all. Telcoin carries the same inherent risk as any other kind of investment. If you believe in Telcoin's potential and are willing to accept the accompanying risks, it might be a sensible investment for you. Therefore, is Telcoin a wise investment? It depends on your situation. If you are seeking a safe and counterfeit-resistant worldwide payment system, Telcoin may be a viable alternative. Telcoin may not be the best choice if you are seeking a short-term investment. Before settling on any investment, conducting research and talking with a financial counselor is vital.
Technical Analysis of Telcoin
The psychology of users plays a crucial influence on the attitude of the crypto trade market. Prices are extremely susceptible to the mentality of the public when it comes to pushing any crypto token, and Telcoin is not an exception. The inertia that played a role in Telcoin's founding in 2017 is no longer there, as the token has garnered client trust, generating profits for investors and traders.
The decline that Telcoin experienced in 2019 vanished against the backdrop of its technology solutions. They were by no means a paradigm, but from the perspective of EnY, it can be claimed that the token's movement was being followed. Telcoin has exhibited the most irregular and changeable behavior, which has been watched frequently and closely.
Surprisingly, during the Covid-19 episode, when all other currencies had a disastrous performance, TEL displayed stability, gaining investor trust and demonstrating a tremendous rise in momentum as a hitherto unavailable financial services platform.
TEL token has been an active participant in several e-transactions, including peer-to-peer transactions and low-cost digital transfers. Users who remain indoors want the convenience of conducting online purchases from their cell phones or PCs. This resulted in a surge in e-commerce, and TEL emerged as a key participant.
Throughout the year of its founding, 2017, TEL began with a meager $0.0003 and, with the exception of one or two quarters, continued to climb in 2018, reaching $0.004, and by the beginning of 2019, had reached $0.0009. By the end of 2019, the price of Telcoin continued to drop, reaching a low of $0.00008 in March 2020. In May 2021, the price of a TEL coin rose to $0.059 after a remarkable comeback. After reaching such a peak, the coin saw a mild correction, which has lasted to this day.
What Are The Most Influential Factors Affecting The Price of Telcoin?
Telcoin is not impacted by the same variables as traditional currencies because it is not issued nor supported by a central bank or government. In lieu of monetary policy, inflation rates, and measures of economic growth, TEL investors should focus on the following:
Affiliated partners, exchanges, and DEXes
Success of Telcoin V3
Popularity on QuickswapQuickswap
Competition
Trends in the evolving cryptocurrency market
Telcoin has already worked with AT&T and Verizon, two large telecommunications companies. KuCoin, Balancer, GSMA, Ez Cash, Telin, TouchPay, Jumia, and Coingate are all mentioned. The greater the number of organizations with which Telcoin interacts, the larger its user base will be, which is crucial for price growth.
The launch of Telcoin V3 occurred in July 2021. This is the first decentralized, user-owned financial platform designed to facilitate contactless payments. According to the creators, V3 is the result of three years of research and development and is intended to fully use the capabilities of DeFi. It is too soon to determine the success of the new addition, so we will have to keep a watch on it.
After joining Quickswap, Telcoin's value increased. Quickswap is superior to decentralized exchanges due to its extremely cheap transaction costs. Telcoin should continue to gain popularity as Quickswap expands.
Currently, one money transfer business has a near-monopoly on the market for remittances (MTO). However, Telcoin is not the only cryptocurrency vying for that position. Telcoin must continue improving its service to remain competitive with existing financial service providers and possible new remittance transfer entrepreneurs.
Lastly, everything in the crypto and other financial markets affects all coins.
Methods For Predicting The Direction of TEL
Open the TEL/USD graph. You can employ short-term periods such as 5-, 15-, 30-minute, hourly, and 4-hour if you are an experienced trader.
Locate a trend. If the market has established a significant trend, it is simpler to predict future price moves.
Utilize the signposts. If you utilize too many tools, you will become confused. If you utilize MACD, for instance, you should not apply Awesome Oscillator since you would receive comparable notifications. It is essential to utilize technologies that produce distinct indications so that you may combine them for a more precise forecast.
Examine the candlesticks and search for a chart pattern that will give more insight into the future price direction.
Determine degrees of support and resistance. Apply the pivot points tool, which will establish them automatically if you are uncertain.
Check the market's volatility using the volumes indicator, and establish a Stop Loss level to avoid losses.
If you do not find a favorable time to join the market, utilize pending orders that execute when the price reaches the specified levels.
Price Prediction of Telcoin
Predictions might be useful for indicating the likely direction of price movement, and it is essential to consider them as possibilities, not absolutes. This is especially true when considering long-term predictions. Due to the inherent volatility of the crypto market and the plethora of unknown factors that might influence future pricing, our estimates can occasionally be wildly wrong.
Telcoin Price Prediction 2023
Our Telcoin price forecast for 2023 anticipates a maximum trading price of $0.003, with an average trading price of $0.002. By the end of 2023, Telcoin might retrace downwards to a minimum price of $0.001.
Telcoin Price Prediction 2024
The basics of the Telcoin project's development are brilliant and astounding. Our Telcoin price forecast for 2024 forecasts that the token will maintain its positive pace, and Telcoin's price will likely reach a maximum of $0.005 per coin. Telcoin might reach a low of $0.002, with a mean price of $0.0035.
Telcoin Price Prediction 2025
Our 2025 Telcoin price forecast projects a range between $0.005 and $0.006. Our Telcoin price prediction for 2025 is a mean trading price of $0.0055 USD.
Telcoin Price Prediction 2026
Long-term investors of Telcoin may get a substantial return on their investment in 2026, as the cryptocurrency may see a steep ascent. Our Telcoin price forecast for 2026 anticipates a maximum value of $0.008 and an average value of $0.007. Telcoin can be exchanged for a minimum price of $0.006.
Telcoin Price Prediction 2027
Over the next five years, the crypto market may provide the globe with favorable returns. Our Telcoin price forecast for 2027 shows that Telcoin may reach a high of $0.012 per coin. Telcoin may be exchanged for an average price of $0.01 and a minimum price of $0.009.
Telcoin Price Prediction 2028
Our Telcoin price forecast for 2028 indicates that the cryptocurrency may reach a high of $0.018 and a low of $0.015. It is anticipated that the minimum value of the Telcoin cryptocurrency will reach $0.014.
Telcoin Price Prediction 2029
Due to its good foundations, Telcoin may obtain significant partnerships in the next few years, hence driving up its price. Our Telcoin price forecast for 2029 projects a top of $0.025 and a low of $0.022 for this coin, and Telcoin's average value may reach $0.023.
Telcoin Price Prediction 2030
Telcoin may reach a maximum price of $0.039 and an average trading price of $0.033 if its positive trend, which is dependent on the crypto market's health, continues. However, Telcoin is anticipated to reach a minimum value of $0.031 by 2030.
Conclusion
TEL's success is impressive, and the company has a promising future in which to demonstrate its actual potential to investors. The telecommunications sector is anticipated to increase, and Telcoin will innovate improved financial solutions to keep pace. TEL has garnered the interest of both whale investors and the crypto community. Telcoin's fundamentals, which market professionals have acknowledged, have a great deal of potential, and they might soon propel the TEL price to new highs on the chart. In addition, the market has progressed toward a futuristic vision as a result of the project's approval on all crypto exchanges. Before investing in the unpredictable crypto market, investors are recommended to perform their own research and consult with professionals.
FAQs
Where can I obtain information about Telcoin?
The website for Telcoin contains information on the coin, the team, and how to purchase and trade Telcoin. The team maintains a blog where they post currency updates and discover information about Telcoin on cryptocurrency exchanges. The team shares updates on the coin on Twitter, Facebook, and Telegram. Additionally, you may ask questions regarding Telcoin on these sites.
Why is Telcoin's popularity increasing?
Telcoin is gaining popularity because it is a decentralized, safe, and limited-supply cryptocurrency. Additionally, it is simple to use and has a cheap transaction charge. Telcoin is also an excellent investment possibility due to the likelihood that its value will rise in the future.
What distinguishes Telcoin from other digital currencies?
Telcoin is distinct from other digital currencies since it utilizes proof-of-work mining and is based on the Bitcoin system. This makes it a more secure and reliable digital currency than others. In addition to being deflationary, Telcoin's value will improve with time.
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