- Bullish Tellor (TRB) price prediction ranges from $40 to $70.
- Analysis suggests that the TRB price might reach above $64.
- The TRB bearish market price prediction for 2023 is $9.
What is Tellor (TRB)?
Tellor is a transparent and permissionless Oracle protocol designed for smart contract to easily receive any data whenever it needs it. Tellor’s oracle works on the basis of rewarding or incentivizing data reporters to put valid data on-chain while also disincentivizing bad reports via disputes and slashing.
The protocol incentivizes an open, permissionless network of data reporting and data validation, ensuring that data can be provided by anyone and checked by everyone. Becoming a reporter requires no verification process which means it is permissionless. Anyone from anywhere in the world has the opportunity to be a reporter using open-source software, a unique characteristic among blockchain oracles.
For instance when an Oracle user asks the value of an off-chain data point (e.g. ETH/USD), data reporters compete to add this value to an on-chain data bank, accessible by all smart contracts on the networks Tellor supports (Ethereum, Polygon, Algorand, etc.) The frequency with which data can be updated is limited only by how much / how often users “tip” the feed with TRB.
Table of contents
- What is Tellor (TRB)?
- Tellor (TRB) Market Overview
- Tellor (TRB) Current Market Status
- Tellor (TRB) Price Analysis 2023
- Tellor (TRB) Price Prediction 2023-2030 Overview
- Tellor (TRB) Price Prediction 2023
- Tellor (TRB) Price Prediction 2024
- Tellor (TRB) Price Prediction 2025
- Tellor (TRB) Price Prediction 2026
- Tellor (TRB) Price Prediction 2027
- Tellor (TRB) Price Prediction 2028
- Tellor (TRB) Price Prediction 2029
- Tellor (TRB) Price Prediction 2030
- Tellor (TRB) Price Prediction 2040
- Tellor (TRB) Price Prediction 2050
Tellor (TRB) Market Overview
|🪙 Name||Tellor Tributes|
|📊 Price Change (1h)||-13.60102 %|
|📊 Price Change (24h)||16.10483 %|
|📊 Price Change (7d)||42.47432 %|
|💵 Market Cap||$138231529|
|📈 All Time High||$161.12|
|📉 All Time Low||$0.01001379|
|💸 Circulating Supply||2524168.93528 trb|
|💰 Total Supply||2534865.25136 trb|
Tellor (TRB) Current Market Status
The maximum supply of Tellor (TRB) is unknown, while its circulating supply is 1,703,442 TRB, according to CoinMarketCap. At the time of writing, TRB is trading at $26.39 representing 24 hours increase of 45%. The trading volume of TRB in the past 24 hours is $102,649,220 which represents a 645% increase.
Some top cryptocurrency exchanges for trading TRB are Binance, Huobi Global, OKEx, HBTC and Dsdaq
Now that you know TRB and its current market status, we shall discuss the price analysis of Tellor (TRB) for 2023.
Tellor (TRB) Price Analysis 2023
Will the TRB blockchain’s most recent improvements, additions, and modifications help its price rise? Moreover, will the changes in the payment and crypto industry affect TRB‘s sentiment over time? Read more to find out about TRB’s 2023 price analysis.
Tellor (TRB) Price Analysis – Bollinger Bands
The Bollinger bands are a type of price envelope developed by John Bollinger. It gives a range with an upper and lower limit for the price to fluctuate. The Bollinger bands work on the principle of standard deviation and period (time).
The upper band as shown in the chart is calculated by adding two times the standard deviation to the Simple Moving Average while the lower band is calculated by subtracting two times the standard deviation from the Simple Moving Average.
When looking at the chart, we can see that the bands have widened and the TRB has gone above the upper band with huge green candlesticks. Since TRB is extremely overbought, there is a high chance that it could fall back into the bands. In the event that TRB retraces it may seek to land on the SMA.
Considering the above chart, we can see that the Bollinger band trend indicator has shown a green patch at the end. This shows that TRB is on an uptrend. However, there will come a time when traders will make a profit by selling their TRB holdings. When more sellers jump on the bandwagon, the price of TRB could fall due to the excess supply and less demand.
Furthermore, the Bollinger band width indicator at the bottom of the chart shows that the bands have expanded to their maximum. There is high a chance that the bands could contract and the volatility could decrease.
Tellor (TRB) Price Analysis – Relative Strength Index
The Relative Strength Index is an indicator that is used to measure whether the price of a cryptocurrency is over or undervalued. For this purpose, it has two extreme regions known as the overbought and oversold regions.
When the RSI reads a value (>70) then the crypto is overbought, which means that due to more buying the demand has increased as such the price has also increased. On the other hand, when it is oversold, many are selling, as such, its price is undervalued.
When considering the above chart, we can see that TRB is currently increasing and RSI is overbought and reads a value of 87.5. This means that Tellor is overbought and maybe there will be a price correction for TRB in the future. If the sellers enter the market and take advantage of the high prices of TRB, then there is a possibility that the RSI reduce.
Tellor (TRB) Price Analysis – Moving Average
The exponential moving average is not much different from the simple moving average. The EMA gives more weightage to the present prices while the SMA equally distributes the values to the frequency. Hence, when the EMA is plotted in the graph it gives a rough idea about how the cryptocurrency has been performing in the past.
Moreover, the 50-day EMA is considered the short-term length, and the 200-day EMA is considered the long-term. Whenever the 50-day EMA crosses the 200-day EMA from below it is called a Golden cross, while if it crosses from above, then it is a death cross. However, in this case, we will be using the 50-day EMA as the long-term length and the 10-day EMA as the short-term length.
When considering the above chart, we can see that Tellor is currently bullish as it is above both moving averages. Furthermore, TRB also has a Golden cross as the 50-day EMA crossed the 200-day EMA from below. However, since TRB is overbought as per the other indicators used above, we can expect the prices of TRB to fall and seek support from the 50-day EMA first. If the 50-day EMA is not able to hold it, then, the 200-day EMA may come to TRB’s rescue.
Tellor (TRB) Price Prediction 2023-2030 Overview
|Year||Minimum Price||Average Price||Maximum Price|
Tellor (TRB) Price Prediction 2023
When considering the chart above, we could see that TRB has been trading inside a falling wedge. When it broke out it reached out for support from the $9.27 level and thereafter had a big spike which took it up to $27. As mentioned above TRB is deemed as overbought, hence, there is a high possibility that it may return for help from the $18 level.
In contrast, if this motion of exponential growth keeps continuing for TRB, then, there is a high chance that it could reach $45. Moreover, if the above-mentioned resistance level is breached then TRB may reach $64 resistance level.
Tellor (TRB) Price Prediction – Resistance and Support Levels
When looking at the price behavior of TRB, we could see that the token was moving upwards along the 3:1 and 4:1 Gann line adn reached a maximum price of $150. Thereafter it started descending was once again support by the 4:1 Gann line. However, in Novemeber 2021, the 4:1 Gann line was broken as TRB crashed further before it was support by the $7.13 support level.
Tellor (TRB) Price Prediction 2024
There will be Bitcoin halving in 2024. Hence, we should expect a positive trend in the market due to user sentiments and the quest by investors to accumulate more of the coin. However, the year of BTC halving didn’t yield the maximum for TRB based on the previous halving. Hence, we could expect TRB to trade at a price, not below $79 by the end of 2024.
Tellor (TRB) Price Prediction 2025
TRB may experience the after-effects of the Bitcoin halving and is expected to trade much higher than its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, similar to many altcoins, TRB will continue to rise in 2025 forming new resistance levels. It is expected that TRB will trade beyond the $226 level.
Tellor (TRB) Price Prediction 2026
It is expected that after a long period of bull run, the bears will come into power and start negatively impacting the cryptocurrencies. During this bearish sentiment, TRB could tumble into its support regions. During this period of price correction, TRB could lose momentum and be way below its 2025 price. As such, it could be trading at $120 by 2026.
Tellor (TRB) Price Prediction 2027
Naturally, traders expect a bullish market sentiment after the crypto industry was affected negatively by the bears’ claw. Moreover, the build-up to the next Bitcoin halving in 2028 could evoke excitement in traders. However, there’ll be a dip in price before the excitement will be reciprocated in TRB. As such, we could expect TRB to trade at around $168 by the end of 2027.
Tellor (TRB) Price Prediction 2028
As the crypto community’s hope will be re-ignited looking forward to Bitcoin halving like many altcoins, TRB may reciprocate its past behavior during the BTC halving. Hence, TRB would be trading at $260 after experiencing a considerable surge by the end of 2028.
Tellor (TRB) Price Prediction 2029
2029 is expected to be another bull run due to the aftermath of the BTC halving. However, traders speculate that the crypto market will gradually become stable by this year. In tandem with the stable market sentiment, TRB could be trading at $410 by the end of 2029.
Tellor (TRB) Price Prediction 2030
After witnessing a bullish run in the market, TRB and many altcoins would show signs of consolidation and might trade sideways and move downwards for some time while experiencing minor spikes. Therefore, by the end of 2030, TRB could be trading at $381.
Tellor (TRB) Price Prediction 2040
The long-term forecast for TRB indicates that this altcoin could reach a new all-time high(ATH). This would be one of the key moments as HODLERS may expect to sell some of their tokens at the ATH point.
If they start selling then TRB could fall in value. It is expected that the average price of TRB could reach $891 by 2040.
Tellor (TRB) Price Prediction 2050
Since Cryptocurrency will be revered and widely accepted by most people during the 2050s, we will see the masses believe more in it. As such, TRB could reach $1,394.
If investors continue showing their interest in TRB and add these tokens to their portfolio, it could continue to rise. TRB’s bullish price prediction shows that it could reach the $64 level.
Tellor is a transparent and permissionless Oracle protocol designed for smart contract to easily receive any data whenever it needs it.
TRB tokens can be traded on many exchanges like other digital assets in the crypto world. Binance, Huobi Global, OKEx, HBTC and Dsdaq are currently the most popular cryptocurrency exchanges for trading TRB.
TRB has a possibility of surpassing its present all-time high (ATH) price of $163.76 in June2021. However, due to the positive sentiments of its investors, this could be reached within a short frame of time.
TRB is one of the few cryptocurrencies that has retained its bullish momentum in the past seven days. If this momentum is maintained, TRB might reach $65 soon.
TRB has been one of the most suitable investments in the crypto space. It has been rising exponentially, hence, traders may be allured to invest in TRB.
TRB has a present all-time low price of $1.11.
The maximum supply of TRB is unknown.
TRB can be stored in a cold wallet, hot wallet, or exchange wallet.
TRB is expected to reach $79 by 2024.
TRB is expected to reach $226 by 2025.
TRB is expected to reach $120 by 2026.
TRB is expected to reach $168 by 2027.
TRB is expected to reach $260 by 2028.
TRB is expected to reach $410 by 2029.
TRB is expected to reach $381 by 2030.
TRB is expected to reach $891 by 2040.
TRB is expected to reach $1,394 by 2050.
Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.