Updated – November 14th, 2022: Is telcoin a good investment? It’s no longer a farfetched story that the current predicaments cum volatility of cryptocurrencies has become a thing to worry about.

Despite the downtimes of crypto tokens, crypto traders remain enthusiastic. Most are looking for the best investment to delve into at present. Numerous investments will give you huge returns as a crypto enthusiast.

This article will take you on a journey toward technically analyzing telcoin. We will give a clear answer to the question, “Is telcoin a good investment?”

Furthermore, we will hand you our price predictions for telcoin. All you need to consider or not consider investing in telcoin are the highlights of this scintillating blog.

Related: What Can You Use Crypto For?

What Is Telcoin?

Telcoin is an Ethereum-based decentralized cryptocurrency and remittance system. Integrating blockchain with the telecom sector intends to facilitate international money transactions.

Telcoin intends to disrupt the remittance market. The Western Union (WU) and other competitors currently dominate the remittance market.

By collaborating with global telecom enterprises, mobile money platforms, and billing platforms, they provide consumers with instantaneous and low-cost digital remittances via a mobile platform and secure wallet.

Claude Eguienta and Paul Neuner are the founders of telcoin (TEL). Its primary mission is to use blockchain technology to provide a bridge between the crypto realm and fiat currencies.

Telcoin Pte. Ltd. has its headquarters in Singapore and has a diversified and skilled workforce in Tokyo, Japan.

The Telcoin concept includes infrastructure, telecommunications firms, and consumers. Telcoin users maintain full ownership and administration of their tokens, as with any decentralized digital asset.

To put it another way, token holders retain the ability to transmit their tokens directly to a peer wallet. However, because of the security architecture of Telcoin, initiating these transactions requires at least two private keys.

This security architecture can improve by employing a multi-signature technique, which ensures a more secure system.

What is the Price History of Telcoin?

The maximum token supply on the network at the start of the Telcoin (TEL) project in 2017 was 100 billion TEL.

One-quarter of the telcoin tokens were issued to investors through a public sale. The remaining 15% was held for the development team and a 5% liquidity fund.

Looking at the characteristics of Telcoin, its first big price movement occurred in January 2018, when it reached a market price of $0.00387607.

It plummeted below $0.001 in June 2018 and hit an all-time low of $0.00014220 in December 2018. TEL spent the first three months of 2019 between $0.0004 and $0.0007 and finished the year around $0.00035.

TEL hit an all-time low of $0.00006516 on March 13, 2020. The price gradually increased until it reached an all-time high of $0.0649 on May 11, 2021. A further upward advance, however, didn’t occur, and the TEL price momentum was reversed.

Telcoin’s current price is 0.0017102 USD USD, with a 24-hour trading volume of $1,135,935 USD.

Is There a Future for Telcoin?

What determines the future of any coin is the cryptocurrency market as a whole.

The market is expanding, and the implementation for real-world use occurs on a daily basis; yet, international giants such as China, Turkey, and India are continuously imposing market limitations.

When Turkey outlawed cryptocurrencies earlier this year, the whole sector’s market value fell by 20% in a couple of days.

Following Turkey’s lead, China imposed substantial limitations on cryptocurrency assets, triggering a massive market slump with values plunging by much to 50% in less than a week.

On the other side, governments such as the United States, the United Kingdom, and Norway have begun to plan for the introduction of their own cryptocurrency into the market.

Telcoin is a project that aims to provide an efficient solution for remittance payments. Being this inventive and having such a motivated and competent staff behind it implies that the currency has the potential to increase in popularity.

Many experts and publications believe that Telcoin has a bright future, although that’s not an answer to the all-important question ‘Is telcoin a good investment?’.

Find below telcoin price predictions from the current date 2022 to 2023 and up to 2030.

Related: 7 Ways to Invest As a Beginner

Telcoin Price Prediction From 2022 to 2030

As much as it is not a task so easy to predict the price of this currency Telcoin but our analysts have taken time to give its likely turnout of events.

Telcoin Price Prediction 2022

Telcoin’s price as of the time I’m writing this article is 0.0017102 USD. Chances are that the token will revolve between 0.0017 USD and 0.0019; hence it may not reach the 0.0020 USD mark.

Telcoin Price Prediction 2023

Based on recent years’ values, it is estimated that the minimum price of Telcoin in 2023 will be roughly $0.0029997 (if listed on Binance). TEL’s maximum estimated price might be approximately $0.0039996. In 2023, the average trade price might be $0.0029997.

Telcoin Price Prediction 2024

If telcoin continues on the bullish trend, it will likely gain in 2023. Then we might see the coin hit the price of about $0.00508 at the beginning of 2024. TEL will likely hold a solid position over $0.0051 for the rest of the year.

Telcoin Price Prediction 2025

We expect a minimum value of $0.005 and a maximum value of $0.006 by 2025.

In 2025, our Telcoin price projection anticipates an average trade price of $0.0055.

Telcoin Price Prediction 2030

Let’s fast-forward to to 2030 when we predict that telcoin will have an exchange rate of at least $0.0429 and a maximum price of $0.0528. Owing to that, we see TEL to be roughly sold at an average of $0.0455.

Is Telcoin a Good Investment?

I consider it an excellent investment based on its price projections. However, before investing in any endeavor or making a crypto transaction, make sure to continually examine historical data on prominent exchanges.

Also, study telcoin technical analyses, conduct your research, become familiar with fundamental analyses, and seek financial guidance from crypto professionals.

Can Telcoin Reach $1

Telcoin’s solution has a lot of promise, and with a focused staff behind it, Telcoin may be able to rise again in the future.

Telcoin has previously announced its relationship with the GSM Association, which represents over 1000 mobile carriers, with 750 of them being full members of the GSMA.

This collaboration strengthens Telcoin’s legitimacy and shows that the team behind it is working hard to achieve its core purpose.

With further agreements like this one, Telcoin’s price might skyrocket, perhaps reaching $1.

WARNING!!! The above is not financial advice. It is merely a critical analysis drawn from historical events and actions of CLV using sophisticated tools. This analysis may be affected by a variety of events that will occur in the future. Crypto investment is as risky and gainful as any other kind of investment.

Conclusion

Telcoin (TEL) has proven to be a cryptocurrency with potential despite the downtime of the cryptocurrency market.

The future is looking bright for TEL, but as I said, its future is still subject to many factors, events, and conditions.

Frequently Asked Questions on is telcoin a good investment

Can I mine Telcoin?

Telcoin and its affiliates are not eligible for mining.

What wallet accepts Telcoin?

To buy Telcoin, you’ll need a self-custody wallet like Coinbase Wallet.

The Coinbase Wallet mobile app and browser extension are also available.

Install Coinbase Wallet.

Who is behind Telcoin?

“This is a significant milestone for a blockchain startup started in 2017,” stated Telcoin founder and CEO Paul Neuner.

Can Tel reach $1?

However, analysts believe that the coin will not rise fast in the long run.

This is subject to change since Telcoin has ambitious aspirations for worldwide expansion.

Is Telcoin worth investing in?

Yes, Telcoin is a terrific investment opportunity and an excellent addition to any investment portfolio.