Article Coverage: Performance Summary, Latest Tellor News, Tellor TRB Price Forecast Today, Tomorrow Week, Tellor Price Forecast 2024-2030, Is Tellor A Good Investment? Will TRB reach $1000?
Latest telling price
Total number of containers: 8003 containers [Rising]. The top 100 holders own 96.0% of the circulating supply [Rising].
The average retail holder of TRB holds approximately $1470 worth of TRB tokens [13.2 tokens per holder, was 14.3 per retail investor]. In the case of Chainlink, it is around $3900.
TRB Price Performance so far
Tellor has lost 10% of its value in the last 10 days. What are the signals and predictions?
UTC: 28 March 2024 09:24
Overall Outlook Partially Bullish1. Market’s Wisdom Partially Bullish1a. Market Data Partially Bullish1b. Technical Recommendation Neutral2. Wisdom of Crowds Partially Bullish2a. Social Media BuzzHigher2b. Social Media SentimentSteady
TRB has not seen any major whale activity in the last few days. TRB is now staring at a price level below $100. After the rejection just above $120, TRB was on the downtrend, and with the increasing selling pressure, TRB may retest $100 support or even collapse below this level.
For TRB, the first level of support will be $106, while $100 will be the psychological support. A breakout below this level could lead to a massive selloff.
It is advised to trade carefully as the Tellor crypto is controlled by Whales and thus the price movements are quite unpredictable.
Tellor TRB price forecast in the next 24 hours is between $91.0 and $94.4 Tellor TRB price forecast this week is between $87.4 and $100
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TRB Counter – Buy or Sell Opinion Poll [New]
Net Buy% = Buy% – Sell%
15 Nov: +51.7% 31 Dec: +11.3% 7 Jan: +52.1% 24 Jan: +42.0% 1 Feb: +41.0% 7 Feb: +40.0%
TRB Price Forecast 2024–2025-2030, Aggregated
Tellor TRB Price Prediction 2024 is $173 Tellor TRB Price Prediction 2025 is $228 Tellor TRB Price Prediction 2026 is $258 Tellor TRB Price Prediction 2027 is $320 Tellor TRB Price Prediction 2028 is $426 Tellor Prediction $2 TRB Tellor Prediction is $5 Tellor 2027 030 is $647
TRB Price Prediction: Will TRB Reach $1000?
Yes, Tellor TRB has a good chance to reach $1000.
For TRB to reach $1000, it would have to grow by a factor of 9. At $1000, TRB’s market cap will be $2.5 billion. If TRB were to grow at a rate of 25% each year, it would take about 10 years to reach $1000. Let’s evaluate this data
Quality of Investment: Good Time and Growth Needed to Reach $1000: Feasible Market Cap at $1000: Feasible
Considering the criteria of quality of investment, growth required and time required, TRB has a good chance to reach $1000.
TRB Price Prediction: Is TRB Coin A Good Investment?
What is TELLOR?
Tellor is a blockchain oracle network that connects blockchain with real data. The Tellor token acts as a bridge, allowing blockchains to access external data. While blockchains typically keep their data isolated, Tellor encourages its network participants to provide real data, which anyone can verify.
This ensures security and transparency, unlike centralized systems that are susceptible to manipulation. Tellor’s goal is to maintain a decentralized network where data reporting and verification is performed by a community of users.
Key features of Tellor
Tellor ensures that accurate data from multiple sources is compiled, vetted and made available on the blockchain. This data can be verified and validated by anyone in the network. It works as a community-driven oracle protocol. It rewards users who provide valid data on the blockchain and penalizes those who submit incorrect information. Data is crucial for decentralized finance (DeFi) platforms, and Tellor plays a crucial role by offering valuable data, including real-time price information for selected cryptocurrencies such as Ethereum, Polygon and Algorand.
Use cases of Tellor
Tellor enables DeFi applications to access real-world, off-chain data. It is essential for DeFi applications to make informed decisions based on current, real-time information, such as cryptocurrency prices, stock market indices, etc.
Users can participate in Tellor’s ecosystem as miners and earn TRB (Tellor’s native cryptocurrency) as a reward. TRB can also be used to dispute data accuracy and trade for profit on cryptocurrency exchanges.
What makes Teller unique?
Tellor is a system on the Ethereum network that helps smart contracts access trusted information in a secure and decentralized way. It is faster and more cost-effective than traditional methods, and updates data every 5 minutes when requested. Miners, who have staked tokens, verify and provide this data while solving a mathematical problem.
2023 Milestones
A key milestone was the development of Tellor Layer, an advanced oracle chain that promises to revolutionize oracle technology with its speed, security and interoperability, using Cosmos SDK and CometBFT.
Tellor integrated with various projects such as Raft, Ethos, Reflexer, DIVA, Alternity and Tai, and expanded to new chains such as Gnosis Chain, Arbitrum, Optimism, Filecoin’s FVM, Manta Pacific and Base.
In tools, they have improved support for Tellor oracle data with developments such as the Disputable Values Monitor, custom Open-Zeppelin Defenders and an auto-Tipper. 2024 saw the launch of EVMCall, the enhancement of data transfer capability across EVM chains, and the launch of an on-chain registry for data specifications to further decentralize consensus.
Tellor develops Tellor Layer, a Layer 1 (L1) oracle chain. Tellor Layer represents a shift in strategy from relying on individual reporters to using a full set of validators for consensus-based data aggregation. Launching in 2024, Tellor Layer aims to provide more efficient, secure and versatile oracle services, matching the broader trend of application-specific chains and advances in trustless bridging.
During the Tellor Dev call on December 18, 2023, the team discussed their progress and plans before the holiday season. Key topics included the development of layer and bridge mechanisms, inspired by Celestia’s approach, and updates on various projects such as the creation of a readme for the GitHub layer, governance-related developments, and work on a pricing module. The team also addressed community feedback and questions, particularly regarding reward distribution mechanisms, validators’ roles, and the intricacies of data transfer and withdrawals
Tellor vs Chainlink
Let’s compare Tellor with Chainlink to understand the differences
Tell TRB Tokens
Users can use Tellor’s token (TRB) to request and obtain data, and miners are motivated by rewards to provide it. This system combines incentives, miners and oracles to make sure that data is reliable and accessible.
According to Spot on Chain, currently, out of the 2.5 million $TRB in circulation, about 1.7 million are held on exchanges, and 660K are controlled by a group of 20 whales, which make up about 95% of the tokens. These whales hoarded the tokens at $15 in August and September, and since then the price of $TRB has increased 12-fold. This price increase resulted in the whales making a total profit of $120 million, with $40 million realized and $80 million unrealized.
With the growing popularity of DeFi applications, projects like Tellor that offer efficient and low-cost Oracle services have a promising future. Overall, Tellor appears to be a good investment.
Read Other Crypto Price Predictions
TRB Price Prediction: Is TRB Legit?
Audited by: CertiK
CertiK uses Formal Verification, and their audit of Tellor focused on:
Test for common and rare attack scenarios. Evaluating code for industry best practices. Ensure contract logic aligns with customer intent. Cross reference with industry leading contracts. Conducting a thorough manual line-by-line review.
Key outcomes:
CertiK recommended structural changes to improve transaction security and efficiency. They identified an overlooked potential overflow problem, which strengthens security. CertiK proposed improvements for more secure ownership transfers. Overall, CertiK improved code quality, which improved Tellor’s product.
CertiK’s audit confirmed that Tellor’s contract is free of common security flaws and known vulnerabilities. As a result, CertiK certifies that Tellor has successfully passed their audit with a secure product.
TRB coin price prediction today: where to buy TRB crypto?
The Top 5 Exchanges for TRB Crypto are
Bika Binance Bitget SuperEx Bitvavo
Note: Crowdwisdom360 collects predictions and data from all over the net and has no inside view on the likely trends in the stocks or cryptocurrencies. Please consult a registered investment advisor to guide you in your financial decisions.
Disclaimer for Uncirculars, with a Touch of Personality:
While we love diving into the exciting world of crypto here at Uncirculars, remember that this post, and all our content, is purely for your information and exploration. Think of it as your crypto compass, pointing you in the right direction to do your own research and make informed decisions.
No legal, tax, investment, or financial advice should be inferred from these pixels. We’re not fortune tellers or stockbrokers, just passionate crypto enthusiasts sharing our knowledge.
And just like that rollercoaster ride in your favorite DeFi protocol, past performance isn’t a guarantee of future thrills. The value of crypto assets can be as unpredictable as a moon landing, so buckle up and do your due diligence before taking the plunge.
Ultimately, any crypto adventure you embark on is yours alone. We’re just happy to be your crypto companion, cheering you on from the sidelines (and maybe sharing some snacks along the way). So research, explore, and remember, with a little knowledge and a lot of curiosity, you can navigate the crypto cosmos like a pro!
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