Tellor, an oracle system with its TRB token, has been the spotlight of market manipulation allegations, with extreme price fluctuations, pumps and dumps. Massive
crypto whale activity has resulted in the soaring and subsequent crash of
Tellor's market cap. Despite the boat rocking,
Tellor appears to stay afloat with a sturdy price prediction, expecting to rise up to $150 by 2024. However, its immense volatility, such as a drastic plunge from $720 to $180 in mere hours, raises questions about market manipulation. Further adding to the irregularities are erratic price hikes and drops, and
liquidations amounting to $70 million. It does bring in concern but has managed to rank among the
top trending tokens, stepping amidst giants such as Bitcoin, Worldcoin, and Litecoin.
Coinbase has expressed intentions of launching perpetual futures for Tellor, establishing its apparent potential. In spite of these allegations and questionable activity,
Tellor has shown robust performance, gaining over 110% in the past month, and a whopping 3200% rally, even witnessing a TRB price surge amid whale capitalizations, thereby leading the DeFi comeback. Hitting a 2.5-year high, the speculation for $100 seems plausible. Observers, however, express concern regarding pump and dump scenarios and extensive whale influence impacting
Tellor's TRB coin. While price volatility and market manipulation may prove to be a hurdle,
Tellor remains an eye-catcher within the crypto sphere, presenting compelling investment opportunities. Armed with a layer-one oracle system and BRC-20 integration,
Tellor showcases promising potential.
Tellor Coin News Analytics from Wed, 24 Mar 2021 07:00:00 GMT to Fri, 02 Aug 2024 07:00:00 GMT -
Rating 0
- Innovation 7
- Information 6
- Rumor -5
