Telos (TLOS) price prediction: will it top charts in 2022?
Telos has been on a decline since the beginning of December 2021, after a few accounts were compromised by a private key-sniffing malware (Telos Sign). However, the launch of Telos EVM (Ethereum Virtual Machine), an $8m strategic deal, listing news, and DeFi partnerships boosted the crypto in November. At the time of writing on 6 January, the telos token price was at $0.54, 57.81% below its all-time high on 23 November 2021 was $1.28.
This third-generation blockchain platform that aims for building fast, scalable distributed applications with feeless transactions, launched its mainnet in December 2018. Telos has a current CoinMarketCap ranking of #347.
A TLOS price prediction could depend on the team that handles the malware attacks and promotes Telos EVM as a safe crypto gateway. Telos mainnet has been holding on strong for the last three, what is the telos price prediction for 2022 and beyond?
What is Telos coin?
Telos is a blockchain platform, its tokens are used for DeFi, gaming, and social media for smart contracts, non-fungible tokens (NFTs) and decentralised applications. The Telos team aims towards “building fast, scalable distributed applications with feeless transactions.”
Developers can create blockchain applications on the TELOS network, with user experience similar to traditional applications. The crypto network also offers dApp developers 0.5-second block times (which is 24 times faster than Ethereum), over 1,000 transaction rates per second and free transactions.
The blockchain launched its Telos EVM – Ethereum Virtual Machine mainnet in October. It runs existing solidity contracts without modification, just like Ethereum. But it’s faster than Ethereum, has higher capacity and is 1/100 of the cost of Ethereum gas fees with no front running. Telos EVM’s transaction fees are so small that sub-dollar trades are feasible, making DeFi trading accessible for everyone.
The Telos Network is based on the EOSIO software, and is around 17,000 times more energy-efficient than other networks. The telos coin is marketed as an environmentally friendly coin and part of a sustainable world.
Since the mainnet went live in 2018, launching with no ICO or venture capital funding has helped the blockchain network grow in a decentralized fashion. The cryptocurrency’s founders were given 18 million tokens at the launch and the Telos Foundation 6 million. As of 6 January 2022, there was a total supply of 355 million TLOS, with 270 million TLOS in the circulating supply. You can purchase the coins from KuCoin, Gate.io, Uniswap, MEXC and Bitfinex.
Telos news
According to the Telos’ whitepaper, its governance structure gives developers and the community members significant control of the blockchain platform, compared to other cryptocurrencies. Telos coin news has been focused around three major themes in the past few months: Telos EVM, DeFi partnerships and Telos Foundation board elections.
Elections will be complete by 4 January 2022, and the new Telos Foundation board will roll out. Telos EVM has been live since November 2021, bringing high-speed DeFi. While Guido Vranken of Sentnl was auditing the Telos EVM smart contract, he discovered a security vulnerability in Go Ethereum (Geth) code.
Additionally, Telos announced DeFi partnerships last year. It partnered with SushiSwap, allowing users to take advantage of Telos EVM’s speed and scalability. The DeFi platform currently moves over $500m in daily trading volume. It also partnered with Multichain (formerly known as AnySwap) to enable community members to easily move tokens, like USDC, USDT, ETH, BNB, MATIC, FTM and AVAX, via the Telos EVM.
One Telos project is TelosPunks. The concept is based on CryptoPunks. It will feature 10,000 collectible characters, created for the Telos EVM, courtesy of NFT artist The Big Gooey. Initially, TelosPunks will be airdropped to random Telos EVM wallets and be available from the TelosPunks.com website. The goal is to generate approximately 10 million TLOS in revenue by the time all 10,000 TelosPunks have been sold.
Telos price analysis
Telos has been on an uptrend since the beginning of 2021. The blockchain team has been attracting users and investors with the Telos EVM launch, giving sneak peeks into the process, being named the most energy-efficient blockchain, and receiving an audit certificate from Sentnl.
On 9 November 2021, Telos raised $8m in funding from a group of five prominent crypto investors, led by ConsenSys and Polygon investor John Lilic. According to reports, the strategic deal could provide a major capital boost to the blockchain before the launch of the Telos EVM platform.
In the deal, 8 million tokens were sold at $1 each, TLOS was trading at $0.90 that day. Investors paid a $0.10 premium on the market price. The total amount was distributed to the Telos Ethereum Gnosis safe. It will be dispersed between the Telos Foundation, Telos Core Developers and the liquidity fund.
Positive news, the launch and adoption of Telos EVMs, and strategic partnerships helped TLOS to move higher in November. The token hit an all-time high of $1.28 on 23 November 2021.
The telos price started dropping in December amid a malware attack. Douglas Horn, chief architect of Telos blockchain, addressed the community on 7 December 2021. The report noted that Telos Sign was the commonality between the 10 users that were attacked by private key-sniffing malware.
The malware accessed users’ private keys. The Telos EVM and the Telos blockchain were not compromised. A lot of metadata was left behind and the Telos team is running an investigation on it.
TLOS forecast
Will the SushiSwap and AnySwap launch on the “lightning-fast Telos EVM” work out? Will the token manage to come out of its slump with the help of TelosPunks? Let’s look at some algorithm-based TLOS forecasts.
According to Digital Coin predictions, TLOS is expected to end 2022 at $0.781, hit $0.898 in 2023, $0.947 in 2024 and $1.19 by 2025. The algorithm predicts that the TLOS Price could reach $2.36 by 2029.
Wallet Investor’s TLOS/USD prediction suggests that by the end of 2022 the price will reach $1.583, hit $2.593 by the end of 2023, $3.606 by 2024 and close 2025 at $4.612. Though the algorithm does not project prices for 2030, it predicts the coin to reach $5.634 by 2027.
Meanwhile, Price Prediction forecasts the telos coin to reach $0.80 by the end of 2022, touch $1.19 in 2023, $1.77 in 2024 and $2.48 by 2025 and by 2030, Price Prediction’s algorithm pitches TLOS at $18.03.
When looking for telos coin price prediction, it has to be kept in mind that analysts’ and algorithm-based forecasts are based on the fundamental and technical study of the cryptocurrency’s past performance. Past performance does not guarantee future results. These predictions can be wrong.
It’s important to do your research and always remember your decision to trade depends on your attitude to risk and how comfortable you feel about losing money. You should never invest money that you cannot afford to lose.
FAQs
Is Telos coin a good investment?
Cryptocurrencies are volatile. You should always do your research before investing.
How high can Telos coin go?
According to Wallet Investor’s prediction, by the end of 2022, telos could touch $1.58 and $5.634 by 2027. However, these algorithms are based on past performance, which cannot guarantee future results.
Will Telos coin reach $5?
Wallet Investor predicts the price to reach $5.634 by 2027. However, these algorithms do not guarantee future results. You should always do your research before investing, keep track of market trends and never invest money you cannot afford to lose.
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