Telcoin is a payments protocol project launched in 2017 on the Ethereum blockchain. It aims to allow for the transfer of money using mobile payments like Western Union, but a lot more efficient and decentralized.
The technology is badly needed. According to the World Bank, there are around 5 billion mobile phones but only 1.2 billion bank accounts. Simply because, in many less developed countries, it is easier to buy a phone than to access a bank that is sometimes hours away.
Telcoin is solving all that by offering its services to mobile service partners. By doing so it is providing their customers digital payments option. The project is looking to provide access to cross-border remittances, payments, and eCommerce.
It does not aim to replace the mobile telecom industry but only cooperates and offers cryptocurrency solutions. And let users access them via a mobile wallet.
By collaborating it aims to become a giant in the global financial system.
Our TEL price forecast suggests the token price will be around $0.0027 in the next 90 days.
👉 Telcoin Price Prediction 2024
Our TEL price forecast suggests the token price will be around $0.0045 in 2024.
👉 Telcoin Price Prediction 2025
We predict the Telcoin price to hover around $0.0044 in 2025 based on our analysis.
👉 Telcoin Price Prediction 2026
In 2026, we expect the Telcoin price to be approximately $0.0052 according to our price prediction model.
👉 Telcoin Price Prediction 2027
Our TEL prediction indicates the token price will be in the vicinity of $0.0065 in 2027.
👉 Telcoin Price Prediction 2028
For 2028, we forecast the TEL price to be around $0.0078 given current trends.
👉 Telcoin Price Prediction 2029
Looking ahead to 2029, we estimate the Telcoin price will settle around $0.0092.
👉 Telcoin Price Prediction 2030
Our TEL price prediction suggests a token price of about $0.0096 by 2030 based on projected growth.
What you'll learn 👉
Telcoin Price Prediction for the short-term (next 90 days)
As the first quarter of 2024 concluded, we can say that this year has started on a high note for the cryptocurrency industry, marked by significant milestones and growing enthusiasm. Following the landmark approvals of Bitcoin ETFs, there has been a noticeable surge in interest from both retail and institutional investors, signaling a robust period of growth and acceptance for digital assets. These developments have not only bolstered investor confidence but have also hinted at a maturing market that is increasingly aligning with traditional financial systems. With the regulatory landscape beginning to stabilize and provide clearer guidelines, the cryptocurrency market is poised for a transformative year, potentially setting new benchmarks for adoption, innovation, and investment. Bitcoin ETF approvals were done in early January, setting a positive tone for the market. Analysts had predicted the SEC would decide on Bitcoin ETF applications potentially catalyzing industry growth. The approvals have been seen as a significant step towards mainstream acceptance and have sparked optimism among investors and traders alike. Now, attention is turning towards both pre and post-halving rallies, with the BTC halving now only days away, expected to further boost Bitcoin, Ethereum, and the broader crypto market. Bitcoin has almost tripled in price since last summer, with the recent Wall Street earthquake and the upcoming halving expected to further boost Bitcoin, Ethereum, and the broader crypto market. Bitcoin is trading above $70k now, after it hit a new ATH of $73k in March. Ethereum has also grown following ETF approvals, with many anticipating ETH ETF approvals could be next. Ethereum is trading around $3,600 but still hasn\\\'t broken its ATH from the 2021 bull run. Investors are hopeful this will happen soon. The majority of investors, traders, and crypto influencers are hopeful that the real crypto bull run will finally commence, bolstered by the recent ETF approvals and anticipation of the upcoming Bitcoin halving event. Bitcoin ETFs, a growing meme coin, AI crypto coins, and RWA mania have helped the bull run to gain momentum. The total market cap (TMC) is now $2.65 trillion.
Below is a tabular overview of how will TEL develop in the short-term (for the next 90 days), according to our prediction model:
Fundamentals
Use case
The primary use case for Telcoin is to solve the disparity in the availability of financial services and telecom services.
Almost one in three, over 2 billion people are unbanked, meaning they don’t have access to the basic financial services many of us take for granted. Yet, there is a big market for their services, so let’s look at what makes them unique.
Improving Reach
The biggest question for any new venture is, how will we reach new customers? And in the case of Telcoin, the answer is by partnering with existing telecom operators and leveraging their clients. The TEL token will incentivize the telecom companies to offer Telcoin services.
By adopting this strategy, Telecoin rids itself of a thorny problem typical of startups, be it finding a target market.
The Trust Factor
Unfortunately, crypto is not yet trusted by most people. The reason behind it is all the sensationalist news stories about it being vulnerable to potential hackers.
The Telecoin business model could increase the trustworthiness and adoption of cryptocurrencies. Furthermore, once users see the benefits of Telcoin, they could also become more interested in other altcoins.
And to be more trustworthy, it is essential to offer a safe service. Telcoin does not compromise on this pointer. Their wallet includes a multi-sig component, where telecom and Telcoin hold a key while the user has the third key. The system stops the movement of large amounts of TEL without the approval of two of the three keys, adding a level of security.
KYC Compliance
The crypto community loves privacy. But many centralized exchanges have KYC policies in place.
Telcoin is trying to get around KYC compliance. These are already in place through the telecoms’ agreements with their customers. So the problem isn’t solved, but it eases the friction with regulators.
But in practice, this process will take years to implement, so Telcoin has added a KYC feature to their wallet.
The KYC system allows for Telcoin to be in line with regulations. A vital strategy in providing payment options globally.
Telecoin is on the way to solve trust, marketing, and compliance issues that have long held back crypto.
The Telcoin Wallet
The Telcoin wallet is simple and accessible to all. Made for the target customer that isn’t familiar with cryptocurrencies, private keys, and wallet addresses.
Users can create a wallet in a couple of simple steps. Unfortunately, it requires KYC identity verification. That might be the biggest turn-off for hard-core DeFi enthusiasts. But remember that Telcoin has to align with regulations and be accessible to all.
Once you open the wallet, the “Send Money.” button is visible on the main page. The whole interface contains no complicated details that could distract the user.
Tokenomics
Telecoin does not charge any fee for sending money, but they charge a 0.5% transaction fee for conversions between TEL and mobile money.
There is a 0.5% fee for the sender when converting to TEL and another 0.5% receiver fee when converting from TEL to mobile money.
The goal is to keep transaction fees under 2%. In contrast, a traditional finance wire transfer could cost up to 7%.
TELcoin’s distribution is the following:
- 50% operators’ incentive
- 25% crowd sale investors
- 15% Telcom Team
- 5% liquidity fund
- 5% community incentive
The project has a fixed supply of 100,000,000,000 TEL. Currently, around 50% of the tokens (50,270,110,195 TEL) have been issued.
At the time of writing, the project has a market cap of around $1.3 billion, and it’s the 63th biggest cryptocurrency.
Team
elecom has members and offices all around the world, in Los Angeles, Manila, and Singapore. Paul Neuner and Claude Eguienta founded the project. However, Claude later left it. Paul Neuner is today the founder and CEO of Telcoin.
Paul is no stranger to the technology and telecom sector. In 2006 he founded Mobius, a telecom fraud management solution that operates with more than 30 companies globally.
Other team members are on their Telecoin Linkedin page, and we also know the project has constantly been hiring over the last year. Unfortunately, there is no information about the team on their websites. That’s not ideal, and does not look trustworthy or professional.
Market TEL price prediction 2022
Our prediction model sees a temporary switch to a bear market at the beginning of 2023 before we move onto another leg up in Q3 & Q4 of 2023.
My TEL price prediction
The TEL project aims high, and without hyping itself up too much, it works in creating a project for the long time horizon. Telcoin has already gathered around 30 collaborations. This includes a remittance corridor between the Philippines and Canada, that made the value soar.
Telcoin is arguably the most regulatory compliant crypto project on the market. Their CEO Paul Neuner even appeared in front of the Nebraska regulatory body. A law was then passed allowing Telcoin to apply to become a digital asset bank. And I can’t even begin explaining how much of a big deal this is. Government favorability is essential for the adoption of Telcoin and crypto.
In terms of competition, there arguably isn’t any. Many crypto projects aim to provide remittance services, but none have the legal compliance of Telcoin. The only “competitors” could be XLM and XRP, but they work differently than TEL. These projects would work with the banking sector. Telcoin, on the other hand, bypasses banks. All you need is a phone with a telecom provider.
If anything, competition comes from traditional finance companies such as Western Union. But as explained before, Telcoin beats them in all possible ways, from the fees to the speed.
Future larger corridors, such as the U.S. to Mexico, will likely get added in the future. This will again increase the value of the project and its token several times over.
Additionally, v3 of the Telcoin app is being rolled out, and it’s amazing. More DeFi functionalities, additional price stability mechanisms when sending coins will be added, and a lot more.
That said, there is still a long way to go. A lot of regulatory approval still has to happen and, of course, the successful rollout of Ethereum 2.0. And to be fair, I would like to see more transparency explaining the updates and more disclosure about the team behind it.
But in conclusion, Telcoin is one fantastic project. If everything goes to plan, the sky’s the limit with this project, and I’m even willing to invest in it myself.
But remember, TEL is a risky project. And this is not financial advice, everything written here is for educational purposes only. So always trade responsibly, and don’t invest more than what you are willing to lose.
Telcoin price prediction 2025 – 2030 – 2040
Our prediction model sees TEL faltering in 2025:
$0.0044Telcoin price in 2030 & 2040 could be close to zero as we don’t see a bright future for it in the distant future.
Where to buy and how to store TEL
The best place to exchange TEL are:
- Uniswap (buy and sell with ETH)
- Kucoin (buy and sell with USDT, BTC, and ETH)
- Bilaxy (buy and sell with ETH)
And the best places to store TEL are:
- MetaMask
- Ledger Nano S
- Trust Wallet
- Telcoin Wallet
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