↑ Unravelling the Rollercoaster Ride of Tellor Coin's Market Performance

Tellor Coin (TRB) has displayed an unpredictability, marked by both substantial growths and sudden declines in its price. The token has seen a significant rise in its market capitalisation, driven by increased activity of crypto whales. Rapid price changes, as witnessed in cases when Tellor fell from $600 to $137, and hefty liquidations amounting to $68M have piqued concern over potential market manipulation. Despite accusations of pump and dump schemes, Tellor’s value has remained robust and even displayed impressive gains, such as an increase of 112% over 30 days, with the considerable activity of whales noted as a key player in this price surge. Predictions indicate the possibility of the coin hitting $150 in 2024 amid the rollercoaster moves of the market. The token also emerged as a top gainer among new cryptos as institutional buyers turned their attention to alternative assets driving the price further. However, concerns remain over safety aspects after witnessing a rally of 3200%, coupled with the rollercoaster that the TRB price has been on. Despite a 150% surge resulting in a severe plunge, the coin managed to recover with a new all-time high (ATH) driven by whale action, which resulted in a 2000% rally in 2023. Tellor, as a Level 1 oracle system with BRC-20 integration gained its momentum, with the potential to explore new vestiges such as blockchain technology.

Tellor Coin News Analytics from Wed, 24 Mar 2021 07:00:00 GMT to Fri, 02 Aug 2024 17:00:58 GMT - Rating 7 - Innovation 2 - Information 7 - Rumor -3