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Telcoin (TEL) is an ERC-20 token developed by Telcoin Pte. Ltd., a Singapore-based telecom-focused team of developers. The project aims to integrate blockchain technology with worldwide mobile networks: Telcoin has a goal of bringing instant international money transfers to all mobile phone users. The company’s main products are the TEL token itself and the Telcoin Wallet app, which can be downloaded off of the App Store or through Google Play. Since Telcoin’s launch in 2017, the project has garnered a lot of attention for its ambitious plan to merge the telecom industry with blockchain technology. Telcoin is all about making money transfers easier and smarter — both in peer-to-peer transactions to individuals’ phone numbers and while interacting with e-commerce stores. Telcoin is working closely with major mobile networks in areas of the world where getting access to traditional financial institutions is a hassle. This partnership benefits disadvantaged populations by providing access to previously unavailable financial services with the only requirement for participation being a working smartphone with a phone plan. In addition to the company’s official wallet, Telcoin can be integrated with existing mobile wallets. Payments transferred through partnered mobile wallets are free with the only fees being the ones from converting TEL into other cryptocurrencies and converting those cryptos into fiat. The project’s end goal is to facilitate the overall unbanking of the world by providing an alternative to traditional money transfer platforms via cheap remittance, payments, credit, and other perks that can be achieved through blockchain technology.
Telcoin Live Price Chart
Despite coming into existence years ago, in 2017, Telcoin has launched in earnest in February 2021 with fiat transfers between Canada and the Philippines. The launch was immediately reflected in the TEL price, which rose from ~$0.0002 at the year’s beginning to $0.003 by mid-February. After that TEL’s positions climbed slowly for a while before starting the currency’s bull run when the price jumped from ~$0.005 to ~$0.06 in less than 3 weeks. This seems to have been influenced by several factors, including the announcement and discussion of an upcoming update called V3, Telcoin being featured on Quickswap, the founders making waves as an active participant of the US State legislature (helping draft a crypto-friendly bill in Nebraska), as well as some good marketing choices. These choices, which highlight the project’s utility, probably also helped its price to stay high: even after the initial bull run, it had rarely fallen down below ~$0.025 and often broke ~$0.03. Because of this, Telcoin price predictions are almost unanimously positive.
Telcoin Technical Analysis
Despite the fact that 100% accurate technical analysis for Telcoin cryptocurrency is hardly possible, on this advanced technical analysis tool by TradingView you can see the real-time aggregated TEL buy-and-sell rating for the selected timeframe. The summary for TEL/USD is based on the most popular technical indicators — Moving Averages, Oscillators, and Pivots.
Telcoin Price Prediction
Below we have collected the most reliable price projections for Telcoin (TEL) from popular forecast platforms.
#1. WalletInvestor TEL Price Prediction for 2021 and 2025
According to WalletInvestor, Telcoin price will grow from $0.02864 to $0.0380 in one year. That makes TEL an awesome investment. The long-term earning potential is 32.68%. The predicted price for the end of 2026 is $0.0993.
#2. TradingBeasts TEL Price Prediction for 2021–2022
Answering the question about if Telcoin is a good investment, TradingBeasts say resounding yes. In the 2021 perspective, this coin price is predicted to reach $0.0360062 with growth to $0.0420785 by the end of 2022.
#3. DigitalCoin TEL Price Forecast for 2021–2025
In DigitalCoin analysis, the price of Telcoin cryptocurrency will rise in the next 5 years starting from $0.029 as of today’s price to $0.11. It will go up to $0.048 by 2022 and continue its growth in 2023–2024. Based on the forecast, Telcoin is a profitable long-term investment.
#4. LongForecast TEL Price Prediction for 2021–2022
In 2021, the average price will go up to $0.036. In 2022, Telcoin’s price will rise significantly to an average of $0.044.
Summary
As it can be clear from the analysis cited above, Telcoin (TEL) projections are rather contradictory. There is no universal consensus either about positive or negative future TEL price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the Telcoin projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
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Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
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