Telcoin (TEL) Price Prediction – 2022, 2025, 2030
This Telcoin Price prediction article is solely based on the use of advanced technical analysis tools by our experts. Below, you will see the key metrics that we have taken into consideration upon coming up with our TEL Price Analysis and prediction.
Regardless of the terrible sentiments in the market because of the continuous decline in the value of coins, the number of blockchain users has doubled, showing the massive adoption. Many crypto ecosystems continue to improve their utilities to stay ahead of the trend, and Telcoin managed to be among the leading participants. Since the eventual start of the bearish trend in 2021, investors have seen a Telcoin price decline in value by over 92%, according to Coingecko statistics. Telcoin has previously, before the drawdown, expanded into other crypto ecosystems and developed partnerships with coins like $GRT, $AXS, and others.
Telcoin offers a wide range of transaction services for mobile phone users globally, like instant international money transfers, peer-to-peer transactions, and incentives to its users, making its app Telcoin wallet App a great platform for crypto natives. This alone encourages an influx of new users into the network while it continues to cater to the active Telcoin users. This will serve as a motivating factor to attract more users to the platform which in turn would positively affect the Tel token’s price.
Telcoin aims to serve as a bridge between blockchain and mobile money infrastructure and eliminate the intermediary or what they regard as the “high-cost remittance agents.”
This little overview has put into perspective the performance of Telcoin in space. However, with the state of the market, is Telcoin regarded as a high probability and good investment in 2022? We will break that down in this Telcoin Finance Price Analysis and Price Prediction.
What is Telcoin?
Telcoin (TEL) is a decentralized crypto network and remittance system launched on the ERC network, an Ethereum blockchain. It was founded by Claude Eguienta and Paul Neuner in 2017 with its operating headquarters in Singapore and a subsidiary firm in Tokyo, Japan. The company boasts of an extremely efficient and diverse team that enables its operation.
This platform, which is fuelled by active Telcoin users, was created to produce an innovative impact by making money transfers easier through the integration of the Telecom industry and blockchain. Telcoin’s goal is to obstruct the remittance market, which is currently dominated by traditional financial institutions like Western Union (WU) and other companies. It aims to continue its global expansion by providing new technological solutions and building partnerships with telecom companies, major crypto exchanges, and mobile money companies to provide consumers with fast and low-cost digital remittances through a mobile platform and secure wallet.
Telcoin token also aims to build decentralized applications (dApps) owned by the users and help distribute the products to mobile phone users globally through telecom providers. The advantage of Telcoin in the crypto market above other financial tokens like Ripple (XRP) is its application in the telecoms industry, making it a pioneer in that sector.
Currently, Telcoin (TEL) can be purchased on crypto exchanges like 1inch Exchange, HitBTC, KuCoin, Bilaxy, and Bitbns.
Telcoin Historical Data
Telcoin was established by blockchain virtuoso Claude Eguienta and cyber security and telecommunications expert Paul Neuner, a well-experienced entrepreneur. At the launch of the company, it shared its goals of specializing in cheap and fast money transfers to e-wallets.
The price action of Telcoin over the years has been substantial to the progress of the ecosystem since its creation in 2017, with a maximum token supply of 100 billion Telcoins. However, with the constant burning of the tokens to maintain functionality on the network, TEL now has a circulating supply of no less than 50 billion tokens. During the Initial Public Sale (IPO) of Telcoin, about 25% of the token was distributed to investors, 15% was contributed to the growth and development of the team to ensure smooth running, and 5% is allocated to ongoing developments on the network as incentives to builders, which includes a 5% liquidity fund. For airdrops and reward incentives for Telecom operators, 50% was distributed.
Using the Telcoin chart as a reference point for its performance over the years, it will be seen that its price action is quite similar to the blue-chip tokens in the sector. It hit its first significant mark when it hit $0.00387607 at the beginning of 2018 and hit an all-year low price of $0.00014220 in December of the same year. It ranged most of the early part of 2019 between the prices of $0.0003 – $0.0007.
During the bull run of 2021, the Telcoin price rallied to an all-time high of $0.0649 with other coins on May 11 before a reversal occurred. It could be seen that Telcoin operated with the market dynamics and never lost momentum at the wrong time.
Currently, Telcoin’s price is trading around $0.019, with a 24-hour price increase of about 2.44%. However, it has been trading in a range for a while now after the general market slump in May but seems to be reacting to the macro support.
Telcoin Fundamental Analysis
The sentiment and psychology of users are known to be a high contributing factor to the growth of a system, especially the markets. With a general acceptance comes an equal push in prices as it’s generally sensitive to demand. This phenomenon also applied to the evolution of Telcoin too. With its launch in 2017 came a great inflow of capital, making it one of the top investments of that year. It yielded profits and expanded its network base to more chains.
Based on proven data analysis, mobile users have massively grown over the years to over 6 billion users in 2021. It can be deduced from this data that in five years, the number of mobile users will increase by over 2 billion. The Telecom industry, therefore, serves as a funnel to provide its users with financial products daily through their smartphones.
In the summer of 2021, Telcoin upgraded to a newer version, Version 3, and integrated new features Send Money Smarter (SMS) Network, which serves as a decentralized platform owned by the user for money transfer, and TELxchange, a decentralized platform for digital asset exchange which solely uses Telcoin as a reserve asset. Telcoin announced that it had successfully extended its services to 24 money platforms in 16 countries in December of the same year. It’s currently operational in Sri Lanka, Uganda, Kenya, Pakistan, Philippines, Indonesia, and Ghana, among others.
The above countries are highly populated with active mobile users that the Telcoin ecosystem and wallet app caters to. The current trend in the working sector where every transaction is going digital with the advent of e-commerce, which has been predicted to rise another 30% by 2025, will be one of the major contributing factors in encouraging the subsequent rise of Telcoin.
Telcoin Technical Analysis
From the chart below, it can be seen that Telcoin has been trending downwards with occasional breakouts that lead to more downtrends. It can also be seen that the continuous tap on the trendline suggests a breakout that will possibly be a bull run or trap. The volumes suggest accumulation as more and more people buy and sell Telcoin but at a lower amount.
The Relative Strength Index (RSI) is an indicator that measures the relative strength or momentum in the price action of assets and shows whether it is oversold or overbought. The RSI value of the TEL/USDT 1day chart is 35.36. This signifies that TEL is showing a strong trend since it is between 20 and 50. This value indicates entrance into the oversold zone and also a likely scenario of a bounce on the daily chart while it approaches the 20 RSI value of the more oversold region.
The Bollinger Bands indicator, an advanced technical tool, is often used with the assistance of other indicators to show the price directions. From the current trend, it can be seen that the lower band has continually been broken in the bid of heavy selling. It also showed that the activity of the chart has greatly reduced over time to little bodies of rectangles. The trend is expected to take a little time before it reverses in the opposite direction.
Moving Average (MA) is a price-based and reactive indicator that displays the average price of a given token over some time. A Moving Average is one of the best ways to monitor momentum, confirm trends, and indicate support and resistance areas. The chart continues to trend on support without any significant signs of bounces, which means that the current long-term price action for Telcoin will be low and monotonous.
Telcoin (TEL) price prediction
From the charts, it can be seen that Telcoin underwent an immense discovery in the past few days though it appears to be retracing. However, Telcoin price has increased by over 3.1% in the last 24-hours. If this trend continues, Telcoin might experience another bull run before the end of the third quarter, breaking its $0.0.005579 resistance level and going higher.
We have collected and given price projections from experts, but it’s advised to Do Your Research as this is not financial advice.
Telcoin price predictions 2022
This year, the market conditions are so uncertain, coupled with inflation, that the minimum Telcoin price is projected to cross $0.00274, with an average price of $0.00310 expected. Towards the end of 2022, a maximum price of $0.00421 is expected.
Telcoin Price Prediction 2023
In 2023, a minimum price of $0.00309 with an average price of $0.00348 is expected, and by the end of the year, a maximum cost of $0.00383 is anticipated.
Telcoin (TEL) Price Prediction 2024
Telcoin (TEL) price for 2024 is expected to be a minimum price of $0.00247, an average price of $0.00328, and an expected maximum cost of $0.00400 by year-end.
Telcoin Price Prediction 2025
It is presumed that the prices will double in 2025. Investors should expect a minimum price of $0.00402 and trade around $0.00454. A maximum cost of $0.00534 is anticipated by the end of the year.
Telcoin Price Prediction 2026
TEL is projected to trade around $0.00450 with a minimum price of $0.00387 and a maximum price token of $0.00475 by the end of 2026.
Telcoin Price Prediction 2027
We project that Telcoin will hit an expected maximum price of $0.00645 by the end of the year. The minimum price has been pegged around $0.00437 and an average price of $0.00550.
Telcoin (TEL) Price Prediction 2028
According to the data forecast, it is projected that Telcoin will reach the $0.00676 level. It is capable of hitting an expected maximum price of $0.00800 while trading at an average of $0.00760 in 2028.
Telcoin Price Prediction 2029
In 2029, TEL’s minimum price is put at $0.00908, an average price of $0.00957 with a maximum price of $0.0100.
Telcoin Price Prediction 2030
Based on Telcoin’s estimations for 2030, it is anticipated that a maximum price of $0.0120 at the end of the year while trading at an average price of $0.0114 and a minimum price of $0.00943 is possible.