Telos Price Prediction 2024: What’s Behind TLOS Rally?

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.
• One price prediction says it may reach $2.10 next year.

The Telos  blockchain and its associated Telos (TLOS) coin have been in the news lately, as the coin has recorded a notable rise over the last few days.

TLOS’s price is still far from its highest level but it’s doing well and traders wonder if this uptrend can continue.

Telos did not immediately respond to a request for comment.

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 February 28, 2024.

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 February 28, 2024. 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. 

First, CoinCodex  had a short-term Telos price prediction which said that the token would be somewhat volatile in the coming weeks, with it increasing to $0.671900 by March 4 and reaching $0.536792 by March 28. The site’s technical analysis was bullish, with 29 indicators sending encouraging signals and just three making bearish ones.

Telos Forecast for 2024

When it came to other sites making their Telos price predictions for 2024, DigitalCoinPrice  said it would thrive in the coming months, reaching $1.20, while Bitnation  said TLOS would get to $1.55. PricePrediction.net , on the other hand, was more cautious, forecasting Telos to stand at $0.5846 this year.

Telos Forecast for 2025

In terms of a Telos price prediction for 2025, Bitnation thought the token would reach $2.10, while DigitalCoinPrice went a bit higher at $1.40. PricePrediction.net, meanwhile, said that TLOS would trade at $0.8112 next year.

Telos Forecast for 2030

Moving forward to a more long-term Telos price prediction for 2030, PricePrediction.net said that the token would soar to $4.92 that year, with DigitalCoinPrice saying it would hit $4.07. Bitnation had a TLOS price prediction that said the crypto would trade at $4.87 at the start of the next decade.

Google Gemini AI Price Prediction for Telos (as of February 28)

Google’s Gemini AI platform gave the following price prediction for Telos on February 28. Please remember that the exact price prediction of an asset or cryptocurrency in the future is nearly impossible to achieve. Additionally, artificial intelligent price predictions are predicated on past performances and are in no way entirely accurate.

Short Term (Next 3 months)

• Expected price: $0.5503

• Factors to Consider:
  • Market sentiment: If the overall sentiment in the cryptocurrency market is bullish, the price of Telos is more likely to rise. Conversely, if the sentiment is bearish, the price is more likely to fall.
  • News and events: Any news or events related to Telos, such as partnerships or new developments, could affect the price.
  • Regulations: Government regulations could also impact the price of Telos.

Medium Term (Next 6 months)

• Expected price: $0.82

• Factors to Consider:
  • Market sentiment: Overall investor confidence in the cryptocurrency market can significantly impact individual coin prices.
  • Regulations: Regulatory changes by governments around the world can affect the adoption and use of cryptocurrencies.
  • Technological advancements: Developments in blockchain technology and the wider crypto ecosystem can impact Telos’s functionality and value proposition.
  • Adoption and use cases: The wider adoption of Telos for real-world applications can drive up its demand and price.

Long Term (Next 5 years)

• Expected price: $4.88

• Factors to Consider:
  • Market conditions: The overall health of the cryptocurrency market will significantly impact the price of TLOS. If the crypto market experiences a bull run, TLOS is likely to see its price increase. Conversely, a bear market could lead to a decrease in price.
  • Adoption and partnerships: Increased adoption and use of the Telos network, along with strategic partnerships, could drive up the demand for TLOS tokens and ultimately its price.
  • Regulations: Regulatory developments surrounding cryptocurrencies could also impact the price of TLOS. For example, stricter regulations could deter potential investors, leading to a decrease in price.
  • Technological advancements: Advancements in the Telos blockchain technology or the broader crypto space could positively impact the price of TLOS.

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.

Telos in 2023 and 2024

So far, 2023 has been a year of recovery, and, on 2 June 2023, it was worth about $0.231. It then ended 2023 at $0.1415 before jumping in the first two months of 2024, reaching $0.5594 on February 28, 2024.

At that time, there were 375.6 million TLOS in circulation, out of a total supply of 420.0 million. This gave it a market capitalization of around $210.1 million, making it the 268th largest crypto by that measurement. 

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. 

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.

How Telos Works

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.

Telos Attention Tracker

Here is a chart for the Telos Google search volume for the past 90 days. This represents how many times the term “Telos TLOS” has been Googled over the previous 90 days.

FAQs

Disclaimer

Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

About the Author

Peter Henn

Peter Henn has been a journalist since 2005. In that time, he has written for a variety of publishers including the Mail on Sunday and the Daily Express. He has previously covered the world of cryptocurrency for Currency.com and Capital.com, and has also written for ECigIntelligence.com and CBD-Intel.com. A graduate of the University of Liverpool, he is based in the United Kingdom. His hobbies include music, horse racing and performance art.

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