↑ Tellor Coin: A Rollercoaster Journey in the Crypto Market
Tellor (TRB) has been making waves in the cryptocurrency market with its dynamic price movement. Over a variety of periods, this decentralized...
The recent activity surrounding Tellor's TRB coin has ignited both incredible hope and tangential concerns among investors. Its value has seen dramatic fluctuations, with a staggering 190% price increase since May, making TRB one of the current leaders in the DeFi sector. Furthermore, its Market Cap skyrocketed by over 70%, attributable to increases in crypto whale activity. However, these triumphs have been shadowed by allegations of manipulation, which have sparked worries among investors. One report detailed a sudden 150% price pump, followed by a steep fall. Coinbase's imminent introduction of perpetual futures for Tellor, Toncoin, and Bittensor is expected to further stimulate market activity.
TRB's rollercoaster price journey, from $600 to $137, resulted in a $68M liquidation. A massive pump and dump incident further caused over $60M to be liquidated, triggering allegations of market manipulation. That said, the potential profitability remains, as evidenced by Tellor's token crossing its All-Time High (ATH) amid significant whale action, with some eyeing a rise to $150 by 2024. Nevertheless, TRB also appeared to fall victim to a phishing scam on Twitter, leaving investors cautious.
Despite these upsets, Tellor remains in a bullish rally with analysis suggesting the possibility of hitting the $300 mark. It will notably benefit from the DeFi-related rally and, more potentially, from its integration as a L1 oracle system within the BRC-20 ecosystem.
Tellor Coin News Analytics from Wed, 24 Mar 2021 07:00:00 GMT to Tue, 24 Sep 2024 17:12:20 GMT - Rating 2 - Innovation 5 - Information 8 - Rumor -2
