Telcoin Price Prediction: Is TEL Coin a Good Investment?

October 18, 2023

Price Prediction

Sean Korbett

By facilitating the development of user-owned, automated, non-custodial applications that are accessible to anybody with an internet connection, DeFi has transformed the financial industry. With both conventional fiat and blockchain transaction rails that support our quick and inexpensive digital financial service offerings, Telcoin (TEL) is created to complement telecom, mobile money, and e-wallet partners internationally. It was introduced to streamline the global remittance of money via the integration of blockchain and the telecommunication industry in an unproblematic manner. Read more about Telcoin price prediction in the new StealthEX article.

Telcoin Overview

Telcoin is an ERC-20 token and a decentralized cryptocurrency built on the Ethereum network. Using mobile platforms and e-wallets, an open-source initiative sought to give users a cheap, effective, and secure experience for sending digital remittances. In the Telcoin ecosystem, payments are made using TEL, the local cryptocurrency.

A Singapore-based company created Telcoin in 2017 with the stated objective of improving money transfer. Even with all the technology at our disposal, wiring money worldwide is still a time-consuming process that costs a lot of money in transaction fees and levies. By utilizing blockchain technology to make money transactions quick and low-cost, Telcoin aims to serve as a link between fiat currencies and the cryptocurrency sector. 

Telcoin is based on the Ethereum blockchain and makes use of its best attributes. It uses the PoC (Proof-of-Concept) method rather than validators for transactional consistencies. As a result, it checks the transaction’s viability in the real world before certifying it. The Telcoin model is made up of three parts: the network, telecommunications providers, and customers. It looks after the network’s implementation and wallets. Users have complete ownership and control over their tokens, just like with decentralized cryptocurrencies.

The Telcoin network compensates network operators with Telcoin tokens (TEL). The token reward of a telecom provider increases with the number and depth of Telcoin integration. In return for the network validation services, they receive TEL.

TEL Coin Price History

The potential of the cryptocurrency may be understood and upcoming trends can be predicted by analyzing the Telcoin price history chart. Let’s compare the TEL beginning prices for the first (September 17, 2023) and last (October 16, 2023) days of the 1-month period. It is clear that the Telcoin open price on September 17, 2023 was $0.0010, whereas the TEL open price on October 16, 2023 was $0.0010, indicating a definite price decline of 0.66%.

It is clear that the highest price has increased by 1.30% when looking at the timeframe of 1 month and comparing the Telcoin high prices of September 17, 2023 and October 16, 2023, the first and last days of the selected period. The highest price in 2023 was $0.0010 on Sep 17, 2023, then $0.0010 on October 16. In terms of lowest costs for Telcoin, September 17, 2023 had the lowest price of $0.0010, as opposed to September 17, 2023. It is evident that it increased by 0.53% when comparing the lowest TEL prices from the first and most recent days.

When comparing the closing prices of Telcoin on September 17, 2023 ($0.0010) and October 16, 2023 ($0.0010), it can be seen that TEL has gained in value by 1.54%. By examining the value of Telcoin traded volume, we can see that $95,176 worth of TEL was exchanged on the first day of the 1-month period. There is a definite 306.59% increase in volume as compared to the previous day’s volume ($386,977).

Last but not least, a comparison of Telcoin market cap reveals that it increased by 2.48% over the course of the 1-month period, from $70,283,188 to $72,028,394 market cap. At the moment, Telcoin costs $0.000996.

Telcoin Price Chart  

Telcoin Price History. Source: CoinMarketCap, 18 October 2023

Telcoin Price Prediction

TEL Coin Price Prediction 2023

DigitalCoinPrice experts believe that by the end of 2023 TEL’s price might go as low as $0.000881 (-11%), while its maximum price may go up to $0.00219 (+119%).

PricePrediction crypto analysts think that by the end of 2023 Telcoin’s price will increase. Its minimum low might fluctuate around $0.001 (+0.401%), and the expected maximum price of TEL will rise to $0.002 (+100%).

WalletInvestor crypto experts give a negative price prediction for Telcoin for 2023: the lowest price TEL may reach in 2023 is $ 0.0000547 (-94%), while its highest price level will also be way less impressive than its current one – $0.000164 (-83%).

Telcoin Price Prediction 2024

According to DigitalCoinPrice, Telcoin will cost a bit more than it does now. Based on the experts’ forecasts, in 2024, TEL might go as high as $0.00258 (+159%) per coin at its highest point. Its minimum price might go as low as $0.00214 (+114%).

WalletInvestor believes that by 2024 Telcoin’s price might sink even lower: their experts predict that the coin’s minimum price will hover around $0.0000341 (-96%), while at its peak it might reach $0.0001022 (-89%).

Based on the experts’ forecasts at PricePrediction, in 2024, TEL will start out with $0.002 (+100%) as its lowest price and rise to $0.003 (+201%).

Telcoin Price Prediction 2025

DigitalCoinPrice experts believe that in 2025, TEL will continue to rise in price. Based on their predictions, Telcoin might go as high as $0.00357 (+258%) per coin at its highest point. Its minimum price might go as low as $0.00294 (+195%).

WalletInvestor believes that by 2025 Telcoin’s lowest price will go even lower than in 2024: it promises that the coin’s minimum price will hover around $0.0000221 (-97%), while at its peak it might reach $0.0000663 (-93%).

According to PricePrediction, the expected maximum price of Telcoin at the end of 2025 will be $0.004 (+301%), and it may also drop to a minimum of $0.003 (+201%). 

Telcoin Price Prediction 2030

DigitalCoinPrice crypto analysts think that by 2030, TEL will be making good progress: its lowest price will be around $0.00972 (+875%), while its maximum price will go as high as $0.0103 (+934%).

PricePrediction experts expect the coin to gradually continue rising in price: according to them, the coin’s lowest price will hover around $0.019 (+1,807%), while at its peak it might reach $0.023 (+2,209%).

According to Telegaon forecasts, Telcoin will also be making significant progress in terms of price by the year 2030. According to this website, the TEL token can skyrocket to a whopping $3.39 (+340,261%) per coin. It can also drop in price to a minimum of $1.54 (+154,518%) per coin.

TEL USDT Price Technical Analysis     

Source: Tradingview, Data was taken on October 18

Now that we’ve seen possible price predictions for Telcoin, let’s find out a bit more about what crypto experts have to say about it.

Telcoin Price Prediction: Experts’ Opinions

On Telcoin, several experts are optimistic. In the next few years, they predict that the coin’s value could rise to $1 or more. They point out that Telcoin is well-positioned to take a sizable chunk of the trillion-dollar global remittance business, despite its size. A number of experts are more cautious. They think that investing in Telcoin is still risky and that its price may change drastically in the near future. 

However, the cryptocurrency industry is robust and dynamic. Depending on the platform’s development, Telcoin can surprise crypto enthusiasts with unexpected price surges. As such, Cryptonewsz.com believes that by 2030, the Telcoin value will trade with an average price of $0.0109, while the expected maximum price and the minimum price will reach around $0.015 and $0.01.

With Telcoin releasing an app and launching on/off ramps in various countries, the project seems to be boosting its ecosystem.

Factors Affecting TEL Coin Price

Overall, expert predictions and current market conditions suggest that Telcoin’s value will likely continue to rise in 2023. It’s also likely that the currency may be somewhat volatile and that its price will change considerably.

Here are some of the factors that could impact Telcoin’s price in the future:

• The growth of the global remittance market.
• The adoption of Telcoin by more telecom operators.
• The development of new features and partnerships.
• The overall performance of the cryptocurrency market.

Risks and Opportunities

Telcoin may be seen as a promising cryptocurrency with the potential to revolutionize the way people send money internationally. There are a few other considerations to make when thinking about investing in Telcoin cryptocurrency. First of all, it’s crucial to realize that Telcoin is currently in the development stage as it is a relatively new cryptocurrency. Before making an investment, it is crucial to understand that there is always a chance that new cryptocurrencies will fail. Secondly, it’s crucial to keep in mind how unpredictable and volatile the crypto market is. TEL’s pricing has a short-term potential for large increases or decreases, and it may become a risky, yet satisfying investment for an investor that likes taking risks.

Does Telcoin Have a Future?

While TEL crypto may witness more price dips in the chart before making any bullish reversals, however, the project Telcoin may have a promising future, as seen by its limited token supply and the backing of the community.

Is Telcoin a Good Investment?

Telcoin is a digital asset with a real use case. Telcoin is the first telecom-focused cryptocurrency, distributed in partnership with GSMA network operators to mobile subscribers globally. However, the future of the vast majority of cryptocurrencies is still unclear as the market is relatively new.

What Is the Purpose of Telcoin?

Telcoin makes money transfers simpler and wiser for both phone-to-phone peer-to-peer transactions and while interacting with online retailers.

What Is the Value of Telcoin?

At the moment, one Telcoin costs $0.00099-$0.001.

Can Telcoin Reach $1?

The platform is looking to revolutionize the telecommunication experience for users by enabling mobile phone users in the world with access to fast and affordable, user-owned financial products far superior to traditional banking services, and it might surpass the $1 mark, provided the project continues to gain traction.

What Will Telcoin Be Worth in 2025?

According to Telcoin Price Prediction 2025, TEL crypto might go as high as $0.004 per coin at its highest point. Its minimum price might go as low as $0.00005.

Conclusion

Telcoin could serve as a bridge currency between stablecoins and other applications. Additionally, Telcoin could serve a large market. At one point, the market had around 6.5 billion mobile phone subscriptions. In the years to come, that number could grow significantly, providing more space for the project to grow.

How to Buy Telcoin (TEL)?

StealthEX is here to help you buy TEL token if you’re looking for a way to invest in this cryptocurrency. You can swap TEL privately and without the need to sign up for the service. StealthEX crypto collection has more than 1400 different coins and you can do wallet-to-wallet transfers instantly and problem-free.

Just choose the amount and coins you want to swap, click Start Exchange, and get Telcoin into your wallet!

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Don’t forget to do your own research before buying any crypto. The views and opinions expressed in this article are solely those of the author.