Telcoin Price Prediction - Should You Invest In Telcoin Before 2021 Ends?
When it comes to e-commerce transactions, speed is of importance. As a result, in the global payment ecosystem, lightning-fast transactions have become a must. Telcoin was designed with the sole intention of providing a multi-functional and multi-purpose benefit for international money transfers.
Because of the currency's performance so far, you be curious if you should invest here before the currency ends.
If you want to know the answer, then make sure to read the full article about Telcoin price prediction below.
Telcoin (TEL) is an Ethereum-based decentralized crypto network. It was first introduced in Singapore in July of 2017. It's evolved into a bridge between the bitcoin, blockchain, and telecoms sectors.
The project's goal is to collaborate with telecommunications industry giants like Verizon and AT&T to clear up any misunderstandings about payment platforms and mobile money.
Between downward sloping parallel lines, there is a descending channel trend. This price trend is characterized by lower highs and lower lows.
Channel trends are frequently used to validate trends as well as to spot breakouts and reversals. An absolute downturn may be seen in the descending channel trend. Traders can trade in the direction of a breakout or swing trade between the pattern's support and resistance levels.
If the TEL price breaks through the resistance level of $0.019 on the daily time frame chart, it will hit the objective of $0.037. Otherwise, it will revert to the $0.012 support level. As a result, the TEL's trend is predicated on the breakout.
The cryptocurrency market's mood is heavily influenced by user psychology. The price of any crypto token is highly dependent on the sentiment of the audience when it comes to promoting it. Even Telcoin is not an exception. For investors and traders alike, Telcoin's lack of inertia is no longer an issue as the coin has acquired user confidence, resulting in increased profitability.
According to some analysis, the forecast price for 2026 is $0.167. The estimated return on investment over a five-year period is +1236 percent. If you wait a year, Telcoin's minimum fee might rise to $0.0198. Investors in Telcoin should expect a bullish trend and a positive return on their investment over the long term.
There was over $682 billion worth of remittances sent worldwide in 2018. It's a large industry to help overseas migrants send money back to their home nations. It also has a lot of potential for development. By 2026, it's expected to be worth $930 billion.
This sector is expected to stay dominated by banks for some time to come. That might change, though, if competition grows. Because it's a lot more convenient than visiting the bank to transfer money.
Additionally, transfers are very instantaneous using Telcoins. As safe as a bank, the network is as secure. Transferring Telcoins is also inexpensive. Sending a remittance costs an average of more than 7%. Telcoin is attempting to reduce its costs to less than 2%, which is a big improvement.
If you want to become a part of the change Telcoins is currently doing, then investing in it in 2021 is a good alternative, whether you are a new investor or not.
Using a cell phone to transmit a remittance is a huge time-saver. Worldwide, there are approximately five times as many active mobile phones as there are bank accounts. Families are still receiving remittances from individuals lined up at banks and Western Unions. But Telcoin crypto intends to alter all of that with its iPhone and Android app. The potential for disruption in the remittance business alone makes this an intriguing coin to consider as an investment.