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Telcoin Price Prediction: The Future of the Dark Horse of Cryptos

The cryptocurrency world famously has its ups and downs, and 19 May 2021 was not a good day. However, investors remain optimistic. Most cryptocurrencies have already bounced back and recovered some of the losses after the major sell-off, including Telcoin. 

Experts and traders have shared their thoughts and made their forecasts. In this Telcoin price prediction, we'll figure out what the recent turmoil means for the future of the coin.

The cryptocurrency world famously has its ups and downs, and 19 May 2021 was not a good day. However, investors remain optimistic. Most cryptocurrencies have already bounced back and recovered some of the losses after the major sell-off, including Telcoin. 

Experts and traders have shared their thoughts and made their forecasts. In this Telcoin price prediction, we'll figure out what the recent turmoil means for the future of the coin.

What Is Telcoin (TEL)? 

Telcoin is an ERC-20 Ethereum-based decentralised crypto coin that first came onto the scene in July 2017. The project is run from Singapore with the goal of bridging cryptocurrency, blockchain and telecommunications. TEL is used for payments within the system.

The project aims to build a sustainable ecosystem with high-speed, low-cost digital remittances to mobile platforms and e-wallets. As for more specific goals, Telcoin tries to foster partnerships with telecom giants like Verizon and AT&T and bump Western Union as the only leader in the remittance market.

As soon as a new operator connects with Telcoin, they can start issuing TEL tokens. The more TEL token traffic these operators have, the more incentives they receive from Tecloin.

Technical Info

  • Market capitalisation: $1,399,472,177 (as of 26 May 2021)
  • Volume (24h): $79,162,347
  • Supply in circulation: 51.88B TEL (52% of the total supply)
  • Max supply: 100,000,000,000 TEL
  • Algorithm: Not mineable
  • Rank: 60

At the time of launch, 25% of TEL tokens were crowd-sold to investors, 15% were kept by the Telcoin Team and 5% were kept for the liquidity fund.

Since it's a proof-of-concept model, there are also no validators on the network, although Telcoin partners that are integrated into the network serve as the equivalent of validators. The system also supports integration into existing telecom mobile money wallets as well as its proprietary wallet.

Before any transaction is completed, it needs at least two private keys, which is a multi-signature crypto security model. It's up to users to set this requirement before a transaction.

The Team Behind Telcoin

Founders of Telcoin

Paul Neuner and Claude Eguienta are the two co-founders of Telcoin. With an MS in Computer Science, Eguienta had been working for startups and large tech companies for a decade. More recently, his focus has turned to distributed systems.

Neuner had worked in the telecommunication field for 12 years before becoming Telcoin's chairman. One of his tech ventures was Mobius, a startup to integrate fast, free mobile payments into apps and businesses. Pangea, a Japan-based software mobile application development company, is another project he was involved in.

Advisory team at Telcoin

The specialists that comprise the advisory team come from different backgrounds, also with extensive experience in their respective fields. For example, business and corporate development, full-stack programming, UI/UX design, telco consulting and blockchain research.

Factors That Affect Telcoin's Price Changes

Now that we've covered general info about the coin, let's look at major factors that have a great effect on price projections. Later in the article, we'll also correlate these factors with Telcoin price predictions.

Telcoin 2.0

At the start of the year, the team shared their plans for the unofficial Telcoin 2.0. Each new stage brings the coin closer to wider adoption and a higher token price.

Summer Roadmap for July-September:

  • Telcoin app V3.1
  • Three new receiving markets
  • A new sending market
  • Three new fiat-TEL on-ramp integrations
  • Three new fiat-TEL off-ramp integrations
  • Expanding marketing campaigns

The Autumn roadmap for October-December includes:

  • Telcoin app V3.2
  • Three new receiving markets
  • A new sending market
  • More fiat-TEL on-ramps
  • More fiat-TEL off-ramps

New Remittance Corridors

Currently, remittances to the Philippines are done through mobile apps with GCcash as the main partner. Additional corridors are also in the works, the biggest one being US-Mexico.

Telcoin notes that the average cost of sending a remittance is 7% globally. But with Telcoin's service and the company's mobile app, the cost is reduced to as low as 2.5%. This makes a very strong case for a bullish projection.

The Cryptocurrency Bill

Nebraska could soon become the second state in the United States after Wyoming to accept crypto deposits through state-chartered banks.

Current News About the Nebraska Bill

This news establishes a crypto and digital asset banking framework for the entire state of Nebraska, which could be very good for Telcoin. It pushes them beyond the traditional remittance business as they're also seeking to acquire a digital banking license.

Regulatory Changes

If Telcoin plans to cash in on remittance corridors with China, that will depend on the Chinese government warming up to cryptocurrency. For a long time, Chinese authorities have been concerned about the speculative nature of cryptocurrencies. So, Telcoin's growth is massively limited unless financial institutions in the region are allowed to handle crypto transactions.

The Volatility of Bitcoin and Ethereum

When BTC and ETH, the largest cryptocurrencies by market cap, increase in value, other digital tokens tend to go up, as well. Similarly, when BTC and ETH decline, other players are likely to go down shortly after.

Telcoin (TEL): Overview of Its Past Performance

The ticker TELCOIN first became available on 11 December 2017, and its ICO lasted until 30 December. The only two accepted forms of payment were BTC and ETH, and 1 TEL went for 0.00000181648490 ETH. The token became transferable right after ICO.

For a few years after that, nothing significant happened with its price. The only exception was during the 2018 crypto bubble, when its price briefly broke above the $0.01 range on 20 January before falling to $0.001 in a matter of a few months.

Telcoin price in 2020-2021
Telcoin price in 2020-2021

For the rest of 2018, as well as 2019 and 2020, Telcoin's average price was around $0.0003. Even the seemingly minuscule rise to $0.00047 on 30 August 2020 was considered huge compared to any other price movements throughout the year. But taking into account the pandemic-triggered drop to $0.000077 on 16 March 2020, it's an impressive recovery. 

Telcoin's Current Standing: Price Changes in 2021

In 2021, Telcoin picked up momentum. A scroll of Telcoin's news feed shows that one of the biggest changes was the launch of an upgraded protocol. This allowed money transfers between the Philippines and Canada, which was a big first step. Shortly after the launch, the price grew from $0.003 to $0.008.

Another contributing factor to the rising price was the iOS and Android mobile apps for users in participating jurisdictions. Mobile users open up doors to wider adoption since transactions become much more accessible.

Telcoin's price in April-May 2021
Telcoin's price in April-May 2021

Back in February 2021, Telcoin CEO Paul Neuner appeared before the Nebraska state legislature to discuss the potential benefits that crypto could bring to the fintech space. Finally, on 21 May, the bill moved to the governor's desk, where it was signed into law. The news triggered a relatively steep rise from $0.022 on 19 May to $0.039 on 21 May. 

Telcoin's listing on the decentralised exchange QuickSwap has also added a dose of rocket fuel after a period of sideways trading. But the biggest difference it made was not in the price itself but rather in the increase in daily transaction volume, racing to well above $200,000,000 in May.

At the time of writing, Bitcoin is fighting uncertain conditions, and the picture for altcoins seems similarly grim. Among the biggest drops was Telcoin, which had previously booked significant gains. TEL briefly lost sight of a third of its price before recovering.

Short-Term TEL Price Prediction for 2021

According to the Telcoin price prediction from WalletInvestor, the coin will fully recover from the recent Bitcoin fiasco. Although it won't be nearing its all-time high of $0.0649 (set on 11 May 2021), the slow rise is great news for both traders and investors.

Month

Average Price

Minimum Price

Maximum Price

June 2021

$0.0331

$0.0288

$0.0374

July 2021

$0.0349

$0.03052

$0.0392

August 2021

$0.0362

$0.0319

$0.04066

September 2021

$0.0371

$0.0330

$0.0415

October 2021

$0.0379

$0.0339

$0.0423

November 2021

$0.0385

$0.0342

$0.0427

December 2021

$0.0387

$0.0342

$0.0432

One of the most dramatic spikes in the history of Telcoin was after a Cointelegraph Markets Pro member suggested adding the cryptocurrency to the platform. One of the functionalities provided in the members' dashboard is the VORTECS™ score, an algorithmic metric derived from historical analysis. For the rest of 2021, the algorithm already has clear confidence in bullish conditions for the TEL token.

The VORTECS™ score confirms the rising momentum projected by WalletInvestor. Although the proprietary formula is unknown, we know that it also takes into account sentiment analysis, tweet and trading volume, and price action.

TEL Price Prediction for 2022 

Moving on to the Telcoin price prediction for 2022, Gov Capital Investor Blog estimates a similarly positive picture as we saw for 2021. The prediction calls for TEL's price to start the year at an average of $0.0380, which may end up at around $0.0427 by the year's end.

Month

Average Price

Minimum Price

Maximum Price

January 2022

$0.0380

$0.0323

$0.0437

February 2022

$0.0391

$0.033235

$0.044965

March 2022

$0.04013

$0.0341105

$0.0461495

April 2022

$0.0423

$0.035955

$0.048645

May 2022

$0.0423

$0.035955

$0.048645

June 2022

$0.0415

$0.035275

$0.047725

July 2022

$0.0421

$0.035785

$0.048415

August 2022

$0.0412

$0.03502

$0.04738

September 2022

$0.0423

$0.035955

$0.048645

October 2022

$0.0416

$0.03536

$0.04784

November 2022

$0.0426

$0.03621

$0.04899

December 2022

$0.0427

$0.036295

$0.049105

The remittance flows in the context of global growth alone can justify the positive prognosis. More specifically, the remittance flows to low- and middle-income countries are expected to increase to $565 billion in 2022.

However, the outlook for remittances remains uncertain. As nations make significant progress in vaccinating their populations, the picture will become clearer. But to solidify its position and increase its price, Telcoin needs to tap into the world's top remittance corridors:

  • US-Mexico
  • UAE-India
  • US-China
  • US-India
  • US-Philippines

Another piece of information that confirms the huge potential for the crypto in 2022 is the number of unbanked populations worldwide. According to longtime Telcoin community ambassadors, the project will give access to a suite of financial products to the unbanked (around 15% of adults globally in 2022).

Telcoin Price Forecast for 2023-2025 

The next two forecasts come from Digital Coin Price, which projects significant fluctuations for the coin based on historical price movements.

Month

Average Price 

Change

January 2023

$0.08638552 

139.86%

February 2023

$0.06859052 

90.45%

March 2023

$0.06931359 

92.46%

April 2023

$0.08149679 

126.29%

May 2023

$0.08990560 

149.64%

June 2023

$0.06309369 

75.19%

July 2023

$0.07119944 

97.7%

August 2023

$0.08819223 

144.88%

September 2023

$0.07247430 

101.24%

October 2023

$0.08752754 

143.03%

November 2023

$0.08563220 

137.77%

December 2023

$0.08628404 

139.58%

After a relatively short setback at the beginning of 2024, the coin might have a rocky year, moving up and down in the range of $0.08-$0.11.

Month

Average Price

Change

January 2024

$0.07987419

102.49%

February 2024

$0.11318829

186.95%

March 2024

$0.11102433

181.47%

April 2024

$0.08382360

112.51%

May 2024

$0.10330174

161.89%

June 2024

$0.11187849

183.63%

July 2024

$0.09363710

137.39%

August 2024

$0.09544653

141.97%

September 2024

$0.11747713

197.82%

October 2024

$0.11541697

192.6%

November 2024

$0.11184255

183.54%

December 2024

$0.11355285

187.88%

Moving on to the Telcoin price prediction for 2025, we have a forecast from Digital Coin Price once again. This source expects the coin to finally break into the $0.10 range. Although that's not a lot compared to major players, it's an improvement for this particular asset.

Month

Average Price 

Change

January 2025

$0.12431319 

245.17%

February 2025

$0.11276890 

213.12%

March 2025

$0.09763300 

171.09%

April 2025

$0.10221543 

183.82%

May 2025

$0.12344533 

242.76%

June 2025

$0.10470450 

190.73%

July 2025

$0.09528008 

164.56%

August 2025

$0.11586416 

221.71%

September 2025

$0.11481617 

218.8%

October 2025

$0.09586419 

166.18%

November 2025

$0.10786861 

199.51%

December 2025

$0.11655134 

223.62%

Long-Term Telcoin Price Forecast for 2030 

Unfortunately, the accuracy of 2030 forecasts isn't nearly the same as shorter-term ones. It's very hard to predict the direction of the crypto market in 10 years. Judging by unprecedented ups and downs over the last 10 years, the community should brace itself for more surprises.

But if you assume that the market won't be significantly disrupted in the next decade, we have the following Telcoin price prediction.

Period

Possible Price

Start of 2030

$3.2208

End of 2030

$3.9706

In a report by Deutsche Bank, analysts explored the question of whether cryptocurrencies will "take centre stage and usurp cash". Essentially, cryptocurrency can potentially replace the current cash status quo. And since the unbanked rely on cash, Telcoin has an opportunity to expand inside this sector.

For the next 10 years, Telcoin, as well as other cryptocurrencies, need to overcome three main hurdles: 

  • Legitimacy in the eyes of governments and regulators
  • Global reach in the payment market
  • Alliances with key stakeholders: Apple Pay, Google Pay, Visa, Mastercard, Amazon and Walmart

If Tecloin finds a solution to these problems, it won't stay in the shadows for long. 

Technical Analysis of Telcoin

Having looked at what others think of Telcoin's future direction, it might be the perfect time to do some technical analysis yourself. As the first step, take a look at the price chart to gauge the overall trend. This part doesn't require any tools or specific skills, just the ability to differentiate price directions.

Now comes the more complex part: technical indicators. Below is a summary based on the most popular technical indicators — Moving Averages, Oscillators and Pivots — on a weekly chart.

Telcoin technicals on a weekly chart
Telcoin technicals on a weekly chart

Diving into more details, let's look at the metric for some of the oscillators:

  • Relative Strength Index (14) - 61.36674052000 - Neutral
  • Stochastic %K (14, 3, 3) - 44.18872286000 - Neutral
  • Awesome Oscillator - 0.02266400000 - Neutral
  • Momentum (10) - 0.02060915000 - Buy
  • MACD Level (12, 26) - 0.00747530000 - Buy

As for moving averages, these indicators are unanimous. For the purposes of this article, let's look at 50-day and 100-day moving averages since they're the most common for identifying significant and overall trends:

  • Exponential Moving Average (50) - 0.00756848000 - Buy
  • Simple Moving Average (50) - 0.00460241000 - Buy
  • Exponential Moving Average (100) - 0.00434346000 - Buy
  • Simple Moving Average (100) - 0.00247512000 - Buy

Turning back to the chart, we can assess whether certain patterns are forming. 

Telcoin technical chart with key levels
Telcoin technical chart with key levels

If the Nebraska crypto Bill hadn't passed, we could have seen a head and shoulders pattern come into effect and a move to the downside. But since it did pass, we can assume sideways consolidation as a bare minimum and even an uptrend. S1, S2, S3 and S4 are key support levels to buy.

Telcoin Price Predictions by Analysts and the Trading Community

Harry Newman, Head of Banking at SWIFT, and Olivier Denecker, Partner at McKinsey & Company, shared their vision for cross-border payments, which Telcoin has set its foot in. They say that even though remittance corridor flows account for only 1/6 of total transaction values, they're increasing by 6% annually.

They also pointed out that distributed ledger technology and network innovations further accelerate the growth. Such a positive outlook on a sector Telcoin is operating in from firms like McKinsey makes for a hopeful forecast. 

We also found a couple of opinions that many traders seem to agree with. For example, below is the Telcoin price prediction that a Twitter user recently shared.

Tweet by @sherpana1 about Telcoin

Speaking of strong fundamentals, another Twitter user also shared his positive views that rely on remittance flow and partner markets. The following forecast doesn't include the same shockingly high values. It's more in line with historical price-based tables that we've looked at in the previous sections.

Tweet by @CCribz about Telcoin

Is Telcoin a Good Investment or Trading Asset?

Telcoin crypto has never been a beneficiary of the various crypto booms. So far, it has kept its head down and consistently focused on the current projects at hand. This fact alone characterises the digital currency as relatively stable.

By partnering with mobile phone services, Telcoin aims to distribute its tokens to telecom providers for free. If they are passed on to user bases, it can lead to increased adoption.

However, working on remittance corridors is not a simple task. In particular, there are regulations to overcome since some countries aren't welcoming towards crypto transactions. But there have been some breakthroughs worth noting, such as the Nebraska bill.

Overall, potential investors should have no problem acquiring Telcoin. Bitcoin and Ethereum are available pairings for it, and there's enough liquidity in both to support a trade. Taking into account the positive outlook for the coin, it might generate some gain over the long term. 

But there is another way to get your hands on some TEL. Instead of taking ownership of the financial product, you can take a shorter-term outlook and trade on margin with CFDs.

As opposed to holding the underlying asset, a CFD is traded with leverage, which allows the investor to buy or sell a number of CFDs with extra leverage. Additionally, while you can hold your CFD position for weeks, months or even years, you can also capitalise on bearish conditions.

To ease your way into financial markets, consider opening a Libertex demo account. It's a free, hands-on way to explore assets and test your manual or automated strategies before you commit any of your own money.

FAQ 

Is Telcoin a Good Investment in 2021?

Telcoin is trying to figure out a way to make remittances a whole lot easier and cheaper. Most recently, the Nebraska legislature passed a bill that became law, placing a spotlight on the coin. Combined with all the positive forecasts, it may be a good asset to invest in. 

Is Telcoin Worth Buying?

After a recent period of turbulence, TEL's price is lower than it was at the beginning of May. So, this asset can be a good contestant for a buy low/sell high strategy. Additionally, the project's efforts to break into the remittance market look to be starting to pay off.

What Will Telcoin Be Worth in 2025?

By 2025, Telcoin might comfortably sit above the $0.10 mark. However, there might not be noticeable price changes over the course of the year. The price might not go much higher than $0.12.

What Will Telcoin Be Worth in 2030?

Assuming Telcoin fulfils its remittance plans while also staying relatively in the shadows, the coin might be priced at around $3. On the other hand, there are different scenarios where Telcoin surges way higher than expected or where it doesn't move higher than its current price. It will ultimately depend on the health of the crypto market.

Can Telcoin Reach $1?

Yes, but Telcoin might take a long time to do so. Based on the more conservative forecasts, it won't be until the end of 2025 when TEL finally surpasses the $1 mark. Of course, there are forecasts that expect the price to reach the $1 threshold earlier, but it's safer to assume slow but steady growth.

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