The cryptocurrency Telcoin (TEL) is currently experiencing strong price gains: according to Coinmarketcap.com TEL increased 25% in the last 24 hours, 37% in the week and 58% in the last 30 days. At the current rate of $ 0.028, TEL is also 56.65% below the all-time high of $ 0.064 reached on May 11. If the coin manages to return to the old highs, the investment could more than double. But what is Telcoin (TEL)? And what about the coin in perspective? We introduce Telcoin and explain: What distinguishes Telcoin (TEL)? Who invented Telcoin? What do traders and analysts say about Telcoin? And: what are the Telcoin price forecasts-from 2021 to 2028?

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What is Telcoin (TEL)?

Telcoin (TEL) is a decentralized financial platform. TEL enables users worldwide to conveniently access and operate decentralized financial products. TEL creates incentives for market participants (such as telecommunications companies and users) to provide specific value-added services to align the telcoin ecosystem to provide every mobile phone user in the world with access to fast and affordable, user-related financial products.

Simply put: Telcoin wants to help users transfer money worldwide in seconds.

TEL is the platform’s native medium of exchange, reserve asset, and protocol token. In turn, the Telcoin platform is a decentralized financial platform operated by Telcoin users, mobile operators and mobile financial services providers. By merging telecommunications companies with a user-owned, decentralized financial platform, Telcoin aims to provide every mobile phone user in the world with access to fast and affordable financial products. Products that, according to the developers, are “far superior” to traditional banking services.

Why is Telcoin (TEL) special?

Telcoin’s focus is on the remittance markets. There is massive room for improvement here, because there are still horrendous fees, especially for cross-border transfers. This is where Telcoin comes in. Using blockchain technology, Telcoin aims to provide a faster, less expensive alternative to remittance services.

The focus is on the user experience. Telcoin wants to be as user-friendly and straightforward as possible. To achieve this, TEL picks up users from what they know and use every day: their mobile phone. Through the mobile phone, TEL holders have complete access to their capital and can send and receive money at will from anywhere in the world.

Telecommunications companies can connect to the Telcoin network and issue TEL tokens. The network motivates, because: The more TEL token traffic an operator has, the more incentives he gets for it.

In addition,: Telcoin has also released the latest version of the platform on Polygon. Telcoin’s decentralized financial platform V3 consists of two products: Send Money Smarter (SMS) Network and TELxchange. With the launch on Polygon, Telcoin wants to further reduce the cost of transfers and everyday payments.

SMS and TELxchange explained:

  • The so-called”Send Money Smarter” network (SMS) is a user-led, decentralized international money transfer platform. SMS decentralizes foreign exchange to active telcoin users on DeFi protocols and allows senders of transfers to receive fees that are currently exclusively due to traditional financial institutions. According to the developers, TEL is set to revolutionize the $ 700 billion remittance industry.
  • TELxchange is a user-owned, decentralized digital asset exchange network that uses TEL as a reserve asset and medium of exchange. TELxchange decentralizes token exchange for active Telcoin users on DeFi protocols and allows users to exchange between TEL and TELx ecosystem assets directly from the bank account, while collecting a portion of the trading fees, which are now given exclusively to centralized exchanges.

In this video, Telcoin head-of-Product Ryan Tully also explains what Telcoin plans to do in the future:

Who invented Telcoin (TEL)?

Telcoin was founded in 2017 by Paul Neuner and Claude Eguienta. Neuner is now chairman of Telcoin. He has 12 years of experience in the telecommunications sector. For example, in 2012 he founded Pangea K. K., a company for the development of mobile software applications. After that, he developed Ikou. This is a mobile app for creating and organizing events.

Telcoin CEO Claude Eguienta, on the other hand, has a Master of Science in Computer Science. Focus: distributed systems. Eguienta has been working for large technology companies in the financial services sector for over a decade.

What do traders and analysts say about Telcoin?

Many traders expect a positive price development at Telcoin. The popular pseudonymous trader “Altcoin Gordon”, for example, also comments on TEL’s recent price explosion in a recent tweet-and reveals: TEL is the largest item in his portfolio. And the coin wants to “rise again parabolically”. Altcoin Gordon:

“ADA shows everyone who is the king and my biggest bag TEL wants to rise parabolic once again.

God, I love montage!“

Also @SilverBulletBTC writes his more than 65,000 Twitter followers: TEL is currently his biggest position. One should not bet against TEL, so his advice. As a justification, the pseudonymous crypto trader cites: TEL has now broken out of its three-month bear trend and left its consolidation range. This, according to the analyst, is bullish.

Telcoin (TEL) – Price Forecasts 2021 – 2028

As mentioned, Telcoin is currently more than 66% below its all-time high of $ 0.0649 reached on May 11. Will cryptocurrency be able to return to old highs, as many traders expect?

Telcoin bulls push TEL up. Source: Tradingview.com

TEL is currently trading at $ 0.028 after a night rally. What are the price predictions of the popular forecast models?

  • CoinCodex.com is generally bullish on the telcoin price prediction: 26 technical analysis indicators signal bullish signals, compared to only 3 bearish signals.
  • WalletInvestor.com describes Telcoin (TEL)as an excellent 1-year investment. According to the TEL-1-year forecast, the coin will next rise to $ 0.057. The 5-year forecast then sees Telcoin rise to $ 0.170 by the end of 2026. This corresponds to a yield of around 498%. If you invest $ 100 today, the capital could grow to $ 598.59 by 2026.
  • DigitalCoinPrice.com predicts a continuous increase in telcoin (TEL). By the end of 2021, TEL will initially move to $ 0.043. By 2025, TEL will continue to move towards 10 cents. However, TEL will not reach the milestone until 2026 and will rise to 0.10 cents. But that’s not all: until the end of 2028 says Digitalcoinprice.com with Telcoin an increase to up to 0,13 dollars ahead. Based on current prices, this corresponds to an increase of 364%.
  • The forecast model of Gov. Capital expects a similar development in telcoin (TEL) within the next five years as Digitalcoinprice.com. According to the 1-year forecast, TEL initially rises to 0,033 dollars. By the end of 2026, Telcoin could then move up to $ 0.11, according to the 5-year forecast.

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Last updated on August 23, 2021

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