Home Price Predictions Telos Price Prediction: TLOS Spikes as GameStop Tie-up Revives Interest in Layer 1 Platform

Telos Price Prediction: TLOS Spikes as GameStop Tie-up Revives Interest in Layer 1 Platform

Peter Henn
Last Updated June 25, 2023 9:54 AM

Key Takeaways

  • Telos was set up as an alternative to the EOS.IO blockchain which was, in turn, founded as a so-called Ethereum Killer.
  • Its native coin, TLOS, is used for governance purposes and also to reward people who add blocks to the blockchain.
  • It has attracted attention recently owing to a partnership between it and GameStop.

The Telos  blockchain and its associated Telos (TLOS) coin have been in the news lately, as the platform announced a partnership with video game organization GameStop. The collaboration, announced on 1 June 2023, would see GameStop’s Playr application used to launch games created on the Telos system. In a statement , AJ Dinger, Telos’ Head of Business Development said: “We believe this collaboration will be a meaningful driver of new users into the Web3 space. By combining GameStop Playr with Web3 games utilizing Telos’ high-performance blockchain infrastructure, we can break down many of the barriers currently deterring Web2 players from embracing Web3.”

This news saw TLOS rise by more than 10% over the course of the day, with an opening price of $0.2161 turning into a closing price of $0.2379 as crypto investors tried to take advantage of the system’s new utility. 

That said, what is Telos (TLOS)? How does Telos work? In this article, we will take a look at the platform and its native token, and we will also cast our eyes over some of the Telos price predictions that were being made as of 2 June 2023. 

Telos (TLOS) explained

Before we do that, though, let’s take a quick look at what Telos is and how Telos works. In the world of blockchain technology, one of the most notable features is that developers can create their own applications that operate on the blockchain. Because the blockchain prides itself on its decentralized nature, then these applications are known as decentralized apps, or DApps for short. 

While a lot of blockchains utilize DApps, the most popular chain for DApps is Ethereum. However, there have been problems with that platform before. For instance, it had a reputation for being very slow, which meant that applications took longer to work which, in turn, meant that crypto transactions ended up costing people more money. One potential solution came in the form of the EOS.IO blockchain. This platform promised its users a faster, more integrated experience than that offered by Ethereum. Unfortunately – and, perhaps, predictably – EOS.IO also faced problems. For instance, its parent company, Block.one, ended up being hit by a $24m fine by the United States Securities & Exchange Commission over issues with its initial coin offering (ICO), which prompted EOS to break away from Block.one and there were concerns about the way in which EOS ownership was centralized and put in the hands of so-called crypto whales. 

Therefore, it was maybe inevitable that a blockchain would be set up which could do what EOS.IO wanted to do, only better. Telos aims to do just that. Founded by crypto entrepreneur Justin Giudici in 2018, the system boasts of high speed and low costs. Its native TLOS coin was launched without an ICO, with the idea being that doing so would help it grow in a decentralized, organic way. 

Telos utilizes  the Ethereum Virtual Machine (EVM) to help create smart contracts, computer programs that automatically execute when certain conditions are met, in order to deliver its goals. The system is powered by the TLOS coin, which is used to reward people who add blocks to the blockchain and also allows people to vote on issues having an effect on the future of the network. Since Telos uses a Proof-of-Stake (PoS) consensus mechanism, people are chosen to add blocks to the blockchain-based on how many TLOS they hold. The coin can also be bought, sold and traded on exchanges. 

TLOS price history

Let’s now take a look at some of the Telos price history . While past performance should never be taken as an indicator of future results, knowing how the coin has performed in the past can help give us some very useful context when it comes to making or interpreting a Telos price prediction.

When TLOS first hit the open market in  2019, it was worth about $0.087. The price stayed low until the crypto boom of early 2021, when it broke through the $0.30 mark in March. Even though it fell down over the summer of that year, it flourished late in the year and in early 2022, when a combination of the official creation of the Telos Foundation and the recovery from a suspected malware attack saw it reach an all-time high of $1.43 on 7 February. After that, it was downhill, as a series of market crashes saw it slump to close the year at around $0.115. So far, 2023 has been a year of recovery and, on 2 June 2023, it was worth about $0.231. At that time, there were a little over 270 million TLOS in circulation out of a total supply of 355.2 million. This gave it a market capitalization of around $62.5m, making it the 341st largest crypto by that measurement. 

Telos Coin Price Prediction

With that all out of the way, let’s take a look at some of the telos price predictions that were being made as of 2 June 2023. It is important to note that many price predictions, especially when it comes to something as volatile as cryptocurrency, are very often wrong. Also, many longer-term crypto price predictions are made using an algorithm, which means that they can change at any time. 

Firstly, CoinCodex  had a short term telos price prediction for 2023 which argued that the coin would fall to  $0.201284 by 7 June and continue dropping to reach $0.157849 by 3 July. Despite that, the site’s technical analysis was surprisingly bullish, with 25 indicators sending positive signals compared to just six making bearish ones. 

Next, DigitalCoinPrice  was a lot more upbeat when it came to making a telos coin price prediction. The site said that TLOS would reach $0.46 this year, $0.56 next year and $0.80 the year after that. It then claimed that 2026 would be the year the coin broke past the dollar to stand at $1.03, reaching $1.19 in 2028 and closing the decade at $1.67. The site went on to make a telos price prediction for 2030 which saw the crypto trade at an average of $2.36, while its long-term TLOS price prediction saw it reach around $4.47 in 2032. 

Meanwhile, gov.capital  made a TLOS price prediction that claimed that the coin would close the year at $0.39. In terms of a telos price prediction for 2025, the site said TLOS would start the year at $0.924 before crossing the dollar mark at the end of January. May was predicted to be a month where the crypto would slump back down to under $1, but by 2 June, the site said, the coin would have recovered to be worth about $1.24 and, by 31 December, the forecast was for telos to be worth about $1.43. Going forward, the site said that, by 2 June 2028, telos could trade at somewhere in the region of $3.62.

Finally, WalletInvestor  had a telos crypto price prediction which appeared to spell disaster for the coin and its holders. The site said that, by early June 2024, the price of TLOS could well have collapsed to a mere $0.0245, not far off a tenth of the current telos price. 

Is Telos a Good Investment?

Telos aims to be, in effect, the “Ethereum Killer Killer”, set up as an alternative to EOS.IO. How successful it has been is a matter of perspective. On the one hand, it is very much out of the top 100 cryptocurrencies but, on the other hand, it has had some success, including at times when the overall cryptomarket has been sluggish or even bearish. A lot of its near-term success will rely on how well its partnership with GameStop manages to stick. It is not uncommon for a coin to get a boost following an announcement, only things to revert to the status quo shortly afterwards. That said, it is also a possibility that the GameStop link could help it to return to past levels. Regardless, if you want to invest in TLOS, you will need to do your own research. 

Will Telos go up or down?

No one can really tell right now. A lot will depend on how the market performs as a whole, and whether the linkup between Telos and GameStop can be a success. It is worth noting that, while the likes of WalletInvestor are pretty downcast about its prospects, sites like DigitalCoinPrice are a lot more optimistic. Remember, though, that prices can, and do, go down as well as up. 

Should I invest in Telos?

Before you decide whether or not to invest in Telos, you will have to do your own research, not only on TLOS but on other so-called Ethereum Killers, such as EOS. Ultimately, though, this is a decision you will have to make for yourself and remember to never invest more money than you can afford to lose. 


Is Telos on Ethereum?

Although Telos uses a form of the Ethereum Virtual Machine, the TLOS coin is based on its own blockchain, rather than Ethereum’s.

Is Telos decentralized? 

Telos is a decentralized platform, having been designed in a way to prevent the accumulation of the TLOS coin by so-called crypto whales. 

What will Telos be worth in 2025?

According to gov.capital, TLOS will close 2025 at $1.43, while DigitalCoinPrice suggests an average price of $0.80 that year. Please remember, though, that price forecasts very often end up being wrong.  

Disclaimer: This article does not constitute financial advice. Always make sure to do your own research before investing, remember that prices can go down as well as up, and never invest more money than you can afford to lose.