Telcoin Price Prediction: Will Telcoin (TEL) Ever Hit $1?

Despite uncertain tendencies of the crypto market in 2021, TEL coin managed to increase its value significantly, reaching new all-time-high and new records of market capitalization. At the beginning of the year, the asset was traded for $0.0043, but at the beginning of March went along with the rallying crypto market and reached the level of $0.0083, where the token stabilized and kept the price till the end of April. 

For a few days after that, the asset was down at $0.0056, just before it skyrocketed to $0.041 on May 6. After the short correction at $0.037 the coin went even higher and hit the all-time-high of $0.064 on May 11. It couldn’t sustain at this level and went down to $0.037 the following week and later was pulled off to $0.02. 

From the end of May till mid-July TEL token stabilized around $0.033, bouncing between $0.028 and $0.037 for the whole period. The token price though wasn’t affected much by the bearish tendencies leading the crypto market at the time, as the coin improved its value noticably compared to the previous months.

In July and August, the token price was still going through a market correction. that took it to $.0.018 by mid-August. Once cryptos started to rally once again TEL token also joined the major uptrend and was traded around $0.02 till the end of the first week of September. But from that time the asset got affected by the market correction and went down to $0.015.

From mid-September till the beginning of November the asset was gaining value moderately. reaching $0.023 by the end of October and then being corrected to $0.018, but in the first week of November recovered to $0.028 After that Telcoin price chart was declining not reaching higher than $0.014. Moreover, at the end of January token fell to $0.06 and then stabilized at the level of $0.07. 

Since the beginning of March 2022 the TEL token was slowly recovering from the downtrends, though still staying far below its ATH. During the last 7 days, the token lost 15% of its value and at the moment still following the bearish trend. Experts don’t predict a fast rise for the token but expect it to increase in value by the end of 2022, reaching $0.14. In the long run, though, experts don’t think the coin will go up.

This can be changed as Telcoin carries big plans for global expansion in 2022. If the project manages to go mainstream we can expect token prices to go for another rally even if the general crypto market will stay relatively stable.