This article will give you all you need to know about Telcoin price prediction.
The crypto world has seen its ups and downs, yet the enthusiasm among cryptocurrency traders is not waning anytime soon.
Blockchain developers worldwide using cryptocurrency coins to bring innovative solutions to our everyday problems are now driving demand for cryptos more than ever before.
That prompts the question of what exactly Telcoin is about and how it seeks to change the world?
What is Telcoin?
Telcoin is a decentralized crypto, an ERC-20 token based on the Ether blockchain. An open-source project aimed to provide traders with a low-cost, efficient, and secure experience for traders to send digital remittances via e-wallets and mobile platforms. TEL is the native crypto used in the Telcoin ecosystem for making payments.
Telcoin was developed in 2017 by a Singapore-based organization; it has declared its goal to make money transfers smarter than before.
Even with all the tech around us, sending money internationally is a fragmented experience that takes time, in addition to a lot of money in the form of transaction levies and costs.
TEL seeks to act as a bridge between the cryptocurrency world and fiat currency by leveraging blockchain technology to make money transfers faster, without much transaction costs.
The remittance industry is at the top of Telcoin’s priority list. It supports mobile money platforms and numerous e-wallets with the target of partnering with major telecommunications titans like Verizon and AT&T.
Collaborating with telecommunications companies and multiple e-wallets strives to make mobile transfers more seamless and easy and reach a broader audience with a contactless service.
The team behind this coin believes they have the perfect ideal for bringing the most hassle-free experience for people to send money.
How Does Telcoin Work?
Telcoin is built on the ETH blockchain and leverages its best features to its advantage. Instead of using validators for the transaction, it uses the Proof-of-Concept approach. Thus, before validating any transaction, it verifies whether it has some real-world feasibility.
There are 3 components to the Telcoin model: telecommunications companies, networks, and the people who subscribe to it.
It takes care of the implementation of the network and wallets. As with decentralized cryptos, their users have total control and ownership over their tokens.
A token owner can decide to directly transfer these tokens from their account to a peer account.
These transactions, however, need at least 2 private keys to be activated, based on Telcoin’s security architecture.
The user/traders can increase this requirement if they want. This setting is called a multi-signature model and is used in systems offering a high level of security.
Telcoin’s network distributes TEL (Telcoin tokens) among network operators as rewards. The higher the level and number of Telcoin integration a telecommunications provider has, the higher their reward.
They receive TEL (Telcoin tokens) in exchange for the validation services within the network.
Features of Telcoin
Telcoin stands apart from other cryptos because of its features:
According to Telcoin, the average transaction fee incurred in wiring international remittances is around 7%.
This coin aims to bring that to less than 2%. It works on a profitable model for network providers while remaining cheap for general users to achieve this goal.
The flexibility of the Ethereum blockchain offers users easier integration with online billing platforms and can be used as a currency on eCommerce platforms.
Users can access their mobile wallets through online platforms with the help of APIs or application programming interfaces.
The ETH blockchain technology helps make payments or transfers almost instantaneous. Based on a Reddit thread, a user of this coin claims it takes three minutes up top to wire a transfer.
Once a network operator joins the Telcoin network, that operator becomes eligible to receive rewards in Telcoin tokens. This reward depends on the network operator’s volume of support and transactions.
The coin is designed to ensure users can make remittances and international payments directly from their mobile phones.
It also allows mobile money platforms to switch to the blockchain approach. It is not trying to replace these platforms but rather acting as a facilitator for the platform. With this approach, Telcoin allows the money platform to jump into the future of remittances.
The Ethereum blockchain offers a certain level of security to Telcoin’s operations. In addition, its multi-signature approach requires more than one private key to authorize a transaction and provides a high-security measure.
Supports Multiple Wallets
Telcoin can be stored in wallets that support the ERC-20 crypto standard. Thus, network providers can integrate with other third-party wallets or develop their own if they desire.
Origins of Telcoin
Telcoin was founded in 2017; The coin began as a remittance network based on blockchain technology.
It was co-founded by Paul Neuner and its CEO, Claude Eguienta. The coin was developed in Singapore and has found its way into many countries.
The Price History
TEL first reached its peak in January 2018; it reached a price of $0.01113. After that, it dropped 10-20% and kept hovering for some time.
It then plunged, reaching $0.0002801 in February 2018. The price remained flat in 2019/2020.
However, 2021 proved profitable when the coin rose to a value of $0.0009762 in January. But that was just the tip of the iceberg, as TEL reached three times that value in February 2021, pegging at $0.003747. It reached another peak on March 12, 2021, when it touched $0.009168.
However, in May 2021, it first surpassed its all-time high of January 2018, reaching $0.01237 on May 1, 2021.
Another peak came 5 days later when it was valued at $0.04841. The highest point that TEL attained was on May 11, 2021, when it pegged its ATH value at $0.0624.
How to Buy Telcoin
Telcoin has been listed on various cryptocurrency exchanges offering a wide range of cryptocurrency assets.
But there is no option to purchase it directly, as with other cryptos. So, if you plan to buy Telcoin, you first need to purchase different crypto and then use that currency to buy TEL tokens.
Once you have bought the TEL tokens, you can receive them in your preferred wallet attached to the platform from which you purchased them. All ETH-compatible wallets support Telcoin.
Telcoin Current Projects
Telcoin is developing its V3 technology, an upgrade to its cryptocurrency wallet. It is a part of the Telcoin 2021 Spring RoadMap.
This project aims to introduce newer features to the wallet and new cryptocurrency applications like DeFi services as part of the project Rivendell. And also aim is to simplify payments.
The V3 technology is supposed to make fiat-to-crypto currency conversion faster and easier, something every cryptocurrency enthusiast (and non-enthusiast) will surely appreciate.
The Future of Telcoin
Telcoin seeks to act as a bridge between the cryptocurrency world and fiat currency by leveraging blockchain technology to make money transfers faster, without much transaction costs.
The world revolves around smartphones, and considering that digital market penetration will only increase soon, with increasing awareness of blockchain and cryptocurrencies and advancing technologies, the road ahead looks bright for Telcoin.
While 2021 may be a good year for Telcoin, some wild price swings have led to many cautious voices raising concerns regarding Telcoin. So, if you plan to invest in Telcoin, try looking into its price history and understand the market.
Telcoin Price Prediction 2023
In 2023, Telcoin is expected to reach a maximum cost of $0.00383 and a minimum price of $0.00309, with an average price of $0.00348 by the end of the year.
Telcoin Price Prediction 2024
In 2024, TEL is expected to have a minimum price of $0.00287, an average price of $0.00343, and a maximum price of $0.00383 by the end of the year.
Telcoin Price Prediction 2025
By 2025, TEL is expected to have a minimum price of $0.00402 with an average price of $0.00454 and a maximum price of $0.00506 by the end of the year.
Telcoin Price Prediction 2026
By 2026, TEL is predicted to have a minimum price of $0.00380 with an average price of $0.00434 and a maximum price of $0.00467 by the end of the year.
Telcoin Price Prediction 2027
In 2027, TEL is predicted to hit a minimum price of $0.00450 with an average price of $0.00539 and a maximum price of $0.00619 by the end of 2027.
Telcoin Price Prediction 2028
In 2028, Telcoin is predicted to reach a maximum price of $0.00684 with an average price of $0.00757 and a maximum price of $0.00787 by the end of the year.
Telcoin Price Prediction 2029
In 2029, TEL is predicted to have a minimum price of $0.00916 with an average price of $0.00954 and a maximum price of $0.0100 by the end of the year.
Telcoin Price Prediction 2030
In 2030, TEL is predicted to have a minimum price of $0.0103 with an average price of $0.0106 and a maximum price of $0.0108 by the end of the year.
With increased migration, the global remittance market is already clocking billions and is only expected to rise in the future.
Even though banks will continue to have a competitive edge, due to their trust, blockchain innovations and other techs will be quick to catch up.
One key reason for slower blockchain adoption among individuals has been its complexity. TEL will be a game-changer if it successfully simplifies conversions between cryptocurrency, fiat money, and money transfers.
What will Telcoin be Worth in 2030?
In 2030, TEL is predicted to have a minimum price of $0.0103 with an average price of $0.0106 and a maximum price of $0.0108 by the end of the year
How Much is Telcoin Worth Right now?
The price of 1 TEL is $0.001597. Over the last 24 hours, a TEL is worth 3.08% more.
Is Telcoin a Coin or Token?
Telcoin is a decentralized crypto, an ERC-20 token based on the Ether blockchain., one of the most secure computing networks globally.
Will Telcoin Reach $1?
Based on our Telcoin Price Prediction for 2023, the coin might stay around $0.00306. However, a long-term price increase is predicted and could cross $1 in a few years.
Who Owns Telcoin Crypto?
Paul Neuner is the Co-Founder and CEO of Telcoin.
Is Telcoin Ethereum Based?
TEL runs on an Ethereum-based blockchain. While Telcoin benefits from the security in the network’s decentralization, staking is unavailable on the TEL network. There are also no validators, and it uses a proof-of-concept model
Is Telcoin a DeFi?
United States-based users can now cash in USDC to the Telcoin App for digital asset trading on DeFi. “A secure and simple on-ramp to DeFi is something our users have been asking for, and we are excited to make that a reality today,” says Paul Neuner, Telcoin CEO.
Is Telcoin Proof of Stake?
Telcoin runs on the Ether blockchain with the proof-of-stake algorithm where Telcoin partners serve as validators on the network. The project currently relies on a “PoC (proof-of-concept)” model.
Can Telcoin be Mined?
Telcoin is ineligible for mining.
Is Telcoin a Binance?
Telcoin is not listed on Binance for trade and service
Where do you Store Telcoin?
TEL is an ERC-20 token that can be stored on any wallet supporting it. The best TEL wallets include The official Telcoin Application. MyEtherWallet, available as a downloadable app or as a browser extension
Is Telcoin an ERC2O Token?
The telcoin crypto, built on the Ethereum network, is an ERC-20 token
Is Telcoin on Crypto.com?
The Telcoin price page is part of Crypto.com Price Index that features a price ticker, market cap, price history, and live charts for the top cryptos.
Watch the video below to know the Telcoin price prediction: