Telcoin (TEL) Price | Telcoin (TEL) Price Prediction
May 27, 2020
What is Telcoin (TEL)?
Telcoin is a digital asset based on the Ethereum blockchain. The coin is distributed by your national telecom operator, and it can be made available to everyone, anywhere, anytime. Mobile network operators are the center of the Telcoin strategy.
It is the first cryptocurrency to utilize the link between the reach of telecommunications and the borderless and fast nature of blockchain technology. The World Bank estimates that there are over 5 billion mobile phones globally. However, active bank accounts are only 1.2 billion. Telcoin aims to bridge the gap between the availability of banks and the need to store funds.
Telcoin offered the digital asset to its mobile network partners so that they can offer their customers quick and seamless access to the digital economy. Some of the services offered by Telcoin include e-commerce, online remittances, payments, and transfers. Also, it offers product development and marketing resources to boost the Telcoin ecosystem.
The objective of Telcoin is not competing with mobile telecom money but to cooperate and partner with customers in the overall mobile money ecosystem. Telcoin views itself as an alternative or complementary solution to provide users with mobile wallets, mobile money, and cryptocurrency-backed solutions.
History and Main Features of Telcoin (TEL)
Telcoin was founded in 2017 by Claude Eguienta and Paul Neuner. Claude has a background in computer science and professional expertise in startups and tech companies. His dream was to develop a mobile money solution that would benefit people in developing countries, especially in Africa.
Its main feature is that it is compliant with all the necessary guidelines used by mobile operators globally. Due to its objectives of being a complementary solution in the telecom industry, the platform ensured that it is in perfect alignment with international telecom rules and regulations.
Notably, Telcoin has partnered with some of the world’s main network providers to develop an infrastructure that can work with and support over 5 billion users. The move has allowed the coin to have good market potential because it has the strengths of a system that is already trusted by users.
Also, the project distributes native tokens to mobile networks through a reward-based model. The model was designed in such a way that every participant in the network can obtain the incentive. Also, Telcoin tokens are shared out at a rate of 5% annually to ensure that it becomes used to the mobile market at large.
Telcoin (TEL) Price Chart
Figure 1 showing the Telcoin Price Chart from December 2018 to December 2019
Telcoin (TEL) Price Analysis
Telcoin price on December 16, 2019, was $0.000382. It is among the top 165 cryptocurrencies according to market capitalization. It has a market capitalization of $15,014,053. It has a total supply of 100 billion coins and a circulating supply of about 39.439 billion coins. It has an all-time high price of $0.01178 and an all-time low of $0.000215. Over the past 30 days, it has had a high of $0.000385 and a low of $0.000248.
Market Prediction for Telcoin (TEL) Price 2020
Claude Eguienta, CEO and Co-founder Telcoin, (TEL) Price Prediction 2020
Claude stated that the coin would allow migrant workers to send money home within 17 seconds without leaving their sofa. The coin is a viable solution for many workers who seek to send money anywhere globally at low transaction fees. As more workers adopt the coin, its price will appreciate in 2020.
Simo Kinnunen, Lead Developer Telcoin, (TEL) Price Prediction 2020
Simo mentioned in an interactive session with the public that Telcoin has increased its number of partners. Also, the company will upgrade its database and ensure it is up-to-date with international telecom regulations. The move will boost the number of users and Telcoin’s price in the future.
Jeff Quigley, Business Development Telcoin, (TEL) Price Prediction 2020
Jeff stated in one of the interactive sessions with the public that Telcoin has been identifying partners in various countries to boost its global status. He says that the company is working on allowing users to send money from the European Union (EU) and the United Kingdom (UK) through one bloc-wide license. The license will allow the company to increase its global transactions. The move will have a positive impact on Telcoin’s price in the short and long term.
Bill Gates, Microsoft, Telcoin (TEL) Price Prediction 2020
Bill Gates believes that cryptocurrencies can be used to fight poverty in developing countries. Over 2.5 billion people lack financial services, and it has affected their access to access food, education, and health services. Telcoin offers a solution to the problem by providing mobile money alternatives and other financial services. Telcoin will grow in the long term due to its ability to solve problems facing the world.
Vitalik Buterin, Founder Ethereum, Telcoin (TEL) Price Prediction 2020
Vitalik believes that only less than 5% of crypto projects will succeed. The coins that survive in the long-term are those that have real-world applications. Telcoin was developed to deal with financial issues facing people, and it will survive in the long term. As it addresses more problems and gains more users, Telcoin’s price will appreciate in 2020.
Factors Affecting the Growth of Telcoin (TEL)
One of the factors affecting its growth is the adoption of Telcoin through partnerships with mobile phone networks. The higher the distribution of the tokens, the higher the number of users. The operators can sell tokens to users. Telcoin users can then use the coins for purchasing goods and services or low-cost remittance.
The other factor affecting its growth is its adoption by users as a financial alternative to banking services. Telcoin allows users to access financial services through their telecom operator. As more people use Telcoin to access financial services, its value will increase.
Notably, Telcoin and Bitcoin have a strong positive relationship. Whenever Bitcoin’s price appreciates, Telcoin’s value increases, and vice versa. The two digital assets have a strong correlational analysis. As Bitcoin appreciates in 2020, it is highly likely that Telcoin’s value will appreciate.
Telcoin (TEL) Price Prediction Verdict
According to expert analysis and factors affecting the growth, Telcoin is a good investment option. It has a high social and search standings because of its uses in real-life issues, such as mobile money. It shows that Telcoin has a good market plan, especially in boosting the number of users in Asia and Africa.
They gave the coin away for free to telecom companies who then sold the coins to users. It is an interesting strategy because it allowed users to access the token at an affordable rate. The move allowed the company to establish trust for the brand through telecom companies.
The project’s development team has advisors and team members who have experience in the financial industry. They are developing features that will allow users to transact or send funds to other users within 17 seconds. The move will make the coin a very attractive investment option for users and investors.
Due to the increasing trust and growth in the crypto market, Telcoin has a lot of potential to thrust ahead. As long as the company keeps executing its organizational strategy, the token’s price will appreciate. Also, it will attract more investors.
How to Buy Telcoin (TEL)
You should be part of Telcoin’s strategy of providing mobile money solutions to billions of people globally. Buying Telcoin will allow you not only earn extra income when it appreciates, but also allow you to purchase goods and services through your mobile device.
You need a wallet to invest in Telcoin. The wallet should be reliable, fast, and transparent. It should allow you to access your account when you are at home and when you are working or transacting outside your home. Also, it should allow you to buy Telcoin at the best exchange rate.
There are many wallet solutions available globally. However, only one wallet addresses all your needs in an efficient and trustworthy manner. Atomic wallet is the best solution to your needs. It allows you to buy the coin using your credit or debit card within thirty seconds in your local currency.
This is the best time to buy Telcoin. It is highly likely that it will appreciate. Buying it now will allow you to make more money when its price appreciates. Moreover, the coin has real-world applications, and it is a quality store of value in the long-term. Download and Install Atomic wallet and be part of the mobile money evolution through Telcoin.
How to Exchange Telcoin (TEL)
Atomic wallet allows you to buy, sell, and exchange over 300 tokens and coins in a single interface. It allows you to view the real-time price of all major coins, such as Bitcoin, Ethereum, and many others, so that you can make the right investment option.
Notably, Atomic wallet has a support customer service that is always available. They will answer all your queries in a fast and reliable way so that you make the best decisions. Its features allow you to reduce the energy and effort in managing crypto assets. The entire process is reliable and transparent. Also, the wallet has custody-free and strong encryption solutions that will guarantee you the highest level of security while investing in digital assets. Your private keys are only stored on your mobile device or personal computer.
The list of coins available in Atomic wallet is updated daily to ensure you do not miss the opportunity to make more money. All in all, Atomic wallet is the most decentralized, trustworthy, and transparent wallet solution in the market.