What is Telos?
Telos is a networked ecosystem that is powering the future economy. It has been the second most used network by transaction volume for over two years.
Telos has been at the forefront of innovation since 2018 and is home to over 100 distinct applications (dApps), attracting well-known companies such as Taikai, Qudo, Qubicles, Appics, Wordproof, Seeds, Zeptagram, and NewLife. These applications benefit from Telos’ robust on-chain services for voting, sentiment, decentralised file storage, location, and many other things. On the Telos network, developers can create blockchain applications with user experiences similar to traditional applications. The crypto network also provides dApp developers with 0.5-second block times (24 times faster than Ethereum), over 1,000 transaction rates per second, and free transactions. Let us review the TLOS price
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.
TLOS Price Prediction
Bullish Scenario: If TLOS manages to break above the resistance level at $1.04055 then it would be bullish. If it gains some momentum and buying pressure builds up then we might test the next resistance level at $1.1083 and $1.19. Breaking above $1.19 price level with significant buying volume will lead to a good chance of making a new ATH and crossing above $1.2694.
Bearish Scenario: TLOS has been in a downtrend channel since the last few weeks. Also, If the support level $0.9366 doesn’t hold then it will hit $0.839, $0.768 and below sooner or later.
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.
