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Tag: TEL

  • Telcoin (TEL) Trending – Here is Why

    Telcoin (TEL) Trending – Here is Why

    Telcoin (TEL) is an Ethereum-based platform that aims to facilitate cross-border remittances and encourage the use of telecoms infrastructure and blockchain to disrupt the international remittance sector. The initiative collaborates with telecommunications service providers to assist their consumers with money transfer operations, particularly in locations where banking choices are limited. Telcoin, founded in July 2017, is the brainchild of Paul Neuner and Claude Eguienta.

    Telcoin (TEL) began to trend following their initial technological upgrade on TELx. The firm stated in an official tweet on February 10th:

    “We’re pleased to announce our first technical update to #TELx, which addresses UI bugs associated with connected MetaMask wallets and adds codebase improvements focusing on Typescript, static testing, and dependency upgrades #Telcoin $TEL”

    What is TELx?

    TELx is a decentralized liquidity network based on decentralized financial (DeFi) protocols that are driven by active Telcoin users. It serves as the Telcoin Platform’s user-owned goods’ self-custodial “liquidity engine.”

    TELx’s mission is to provide simple and inexpensive financial services, with user ownership of the network allowing every mobile phone user in the globe to collect incentives that would normally be paid to traditional financial institutions.

    Traditional financial markets feature middlemen and organizations that store, execute, and settle transactions on behalf of their consumers, typically at expensive rates and with lengthy settlement delays. TELx Markets are self-custodial, driven by a decentralized network of Telcoin users (TELx Miners) using DeFi protocols, and the transaction lifecycle is automated using smart contracts rather than middlemen – with instant settlement.

    How does TELx work?

    The design has a very rule-based approach and is done in phases:

    • Product Design: Telcoin, the primary developer of the Telcoin Platform, starts by creating a user-owned product.
    • Market Selection: Telcoin decides which DeFi protocols, assets, and particular markets are needed to bring the solution to the market.
    • Launch of Rewards: Telcoin will then compute and distribute incentives to staking contracts on the TELx Staking Portal.

    TELx Miners construct TELx pools on AMMs or add self-custodial liquidity reserves to existing pools, stake their LP tokens in the relevant TELx Staking Contracts, and start mining TEL in addition to capturing fees in Phase Two. When a market has reached the point of product viability, it will be included in the Telcoin Application.

    Phase Three: When a market is activated in the Telcoin Application, end users get access to an extra product offering in which they may participate as TELx Miners and earn trading fees based on transaction volume related to user demand for a real product. When end consumers engage as Miners on the decentralized goods they use every day, they essentially “pay themselves” rather than an institution.

  • Telcoin (TEL) gains almost 25% today – What Now?

    Telcoin (TEL) gains almost 25% today – What Now?

    At the time of writing TEL is being traded at the rate of $0.0129 with an increase of almost 25% within the last 24 hours.

    The low within this tenure was around $0.009901 and the high was approximately $0.01381. The coin as being in the watchlist of many traders makes it rank all the way up to number 114th according to the latest data released by coin market cap.

    TEL made its all-time high in the month of May 2021 where it reached an enormous amount of $0.0649. It later fell down to a price of $0.00918 during the crash from where it showed reversal. At the moment it has a daily volume of $27,466,501 with an increase of 143.41% within the last 24 hours. The circulating supply of TEL is now around 57.5B and the maximum supply is 100B. TEL has a dominance of 0.03%.

    The top exchanges for trading TEL are currently Kucoin, Uniswap.

    Technical Analysis – Telcoin

    TEL has been one of the slow gainers in the market. It had been slow gainers in the market. After it reached above $0.030 we saw a massive decline in the price of TEL and the downfall for the price started. Now the price tried to get out of this trend line but has been facing resistance and it would require a huge amount of volume.

    It can be seen that during the drop of BTC, we saw that the price of TEL hadn’t been affected much.

    TEL -1D

    If the price gets out of the descending channel, we can look for a possible entry at the retest of the price. Looking for additional confluences is important. If the price fails to break out and closes back in again, we can expect the price to go down even lower. Otherwise, we can expect a shot towards the upside with a possible target around the price of $0.02

    Price Prediction – Telcoin (TEL)

    Even though TEL has been one of the slow gainers and hasn’t been able to break out successfully. But in the long run, traders are highly bullish on the project. The price is currently at the same level where it was in July and has completely retraced back.  According to the wallet investor, the price of TEL is to reach a value of $0.0314 in a year. IN five years, it would reach around $0.112.

  • Telcoin (TEL) price under bearish momentum

    Telcoin (TEL) price under bearish momentum

    Telcoin (TEL) is one of the worst-performing cryptocurrencies in the weekly timeframe. Telcoin is on a sharp downward trend with the bears dominating the cryptocurrency. TEL crypto had also been highly volatile with a few minor upside breakouts. At the time of writing, Telcoin stands at a price level of $0.020. The price has declined by 10% in the past twenty-four hours while the trading volume has climbed up by 30%. Whether the sellers will continue to overpower the buyers, is yet to be seen.

    Telcoin (TEL) technical analysis

    The market outlook for Telcoin is strongly bearish. Out of the total twenty-six technical, indicators, fifteen are giving out a signal of sell with nine standing at a neutral position and only two indications at buy. Both the oscillators and moving averages are bearish – the moving averages more so than the oscillators.

    Telcoin (TEL) technical analysis
    Telcoin (TEL) technical analysis

    Telcoin (TEL) has been operating in a descending channel formation since the peak in May at $0.064. The bearish momentum has been dominant for two months. TEL crypto is near some crucial resistance and support levels. The cryptocurrency can find support at the price level of $0.018 which lies parallel to the Fibonacci retracement level of 0.786. The nearby resistance level lies at the 0.236 Fibonacci level – $0.027. The resistance also coincides with the upper boundary of the channel which makes it a major resistance.

    Telcoin (TEL) price prediction

    The Ethereum based cryptocurrency aims to be a bridge between the blockchain and the telecommunications industry. As the adoption of the blockchain technology increases, its incorporation in various industries will also rise – pulling cryptocurrencies like Telcoin upwards. The long-term price prediction for TEL crypto is optimistic. Wallet Investor predicts Telcoin will be priced at $0.169 in five years’ time – more than 700% increase. Digital Coin Price also expects a price increase from the cryptocurrency, although not as vigorous. Per their estimates, Telcoin will be trading at $0.092 by 2028 – an increase of 360%.

  • Telcoin (TEL) coin upcoming resistance at $0.052

    Telcoin (TEL) coin upcoming resistance at $0.052

    Telcoin (TEL) peaked at $0.059 in the beginning of May. In par with the market, Telcoin also began declining sharply as the market crashed. After falling to a low of $0.021, Telcoin has somewhat recovered. At the time of writing, the cryptocurrency stands at a price of $0.025. The price has been moving upwards in the past twenty-four hours while the trading volume has shot up by 150%.

    Telcoin (TEL) Technical Analysis

    The market sentiment for the cryptocurrency is neutral as the bulls and the bears are fighting over dominance. Out of the total twenty-six technical indicators, nine are standing at a buy position while eight are indicating a sell position and nine are neutral. The oscillators are bullish and the moving averages are bearish.

    Telcoin (TEL) Technical Analysis
    Telcoin (TEL) Technical Analysis

    Telcoin has been operating in a broadening ascending channel formation. The cryptocurrency had touched the upper boundary of the channel during the bull run while it is currently at the lower boundary – testing the support level. Telcoin is expected to bounce back from the lower boundary of the channel establishing it as strong support. If the support is established then the cryptocurrency will reach upwards towards the weekly resistance level at $0.52. The strength of the bullish momentum will determine the upcoming price movements of the cryptocurrency.

    Telcoin (TEL) Price Prediction

    The price predictions for the coin are bullish. The cryptocurrency is expected to continue to grow in the longer timeframes. Wallet Investor’s projections places the cryptocurrency at a price of $0.050 after a year while the 5-year forecast predicts Telcoin to be operating at $0.16. Digital Coin Price predictions are also favorable for the cryptocurrency. Per the estimates, Telcoin will end the current year with a price of $0.039 while the price in 2028 is expected at $0.11.