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Tellor Price Prediction

An up-to-date Tellor price prediction for 2021, 2023, 2025. Wondering what is the future of TRB price? Find out Tellor price forecast with historical, fundamental and technical analysis.
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Tellor Fundamental Analysis

Project name
Tellor
Stock Symbol
TRB
Current Price
26.57
Current Supply
2383732.8228845983
Official Website

Tellor Tribute (TRB) is a utility and governance token powering Tellor – a blockchain oracle service that provides a way to bring off-chain data to the chain to be used by dApps in DeFi space. Tellor was launched in 2019.

Typically, blockchain is a closed system, accepting only the information that already lives on-chain. But developing and executing truly useful smart contracts often requires data from the “outside world” like current exchange rates, otherwise, their utility is quite limited. Tellor as an oracle solves this problem by letting users request data and putting it on the chain using a trustless network, which incentivizes adding honest data. The network is secured using Proof-of-Work (PoW) protocol and staking.

To make a request, TRB token holders add TRB “tips” to the data types they want to update. Every five minutes tips are tallied up and 5 requests that received the most funding are put together into a block for mining. The first five miners to provide both the PoW challenge solution and the requested data itself get rewards. Half the tips are divided between the 5 winning miners, while the other half is burned, which helps maintain scarcity. A TRB holder can then dispute the data (for a fee) if necessary, after which other holders can vote on the dispute. The token is also used for governance.

Tellor Live Price Chart

TRB’s launch in 2019 went pretty quietly, as the price settled around the $3-$4 mark, rarely breaking $5. This went on until late July 2020, when the price first started climbing up – slowly at first but shooting up to ~$75 in August following the Binance listing. After a correction in the fall of the same year, TRB was trading around $20-$25 for a while. Its price started to rise again in January 2021, reaching up to ~$60, but a major technical failure in February sent it tumbling back down again to around $35 and even lower. After the issue was fixed, TRB’s price recovered quickly. It spiked after Tellor’s listing on Coinbase in early May, reaching a spectacular $163.76 on May 10. By late June, TRB’s price went down, but it was still trading at around the ~$40 mark, keeping its users’ interest by announcing the upcoming upgrade called Tellor X.

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Tellor Technical Analysis

Despite the fact that 100% accurate technical analysis for Tellor cryptocurrency is hardly possible, on this advanced technical analysis tool by TradingView you can see the real-time aggregated TRB buy-and-sell rating for selected timeframe. The summary for TRB/USD is based on the most popular technical indicators — Moving Averages, Oscillators and Pivots.

Tellor Price Prediction

Below we have collected the most reliable price projections for Tellor (TRB) from popular forecast platforms.

WalletInvestor TRB Price Prediction for 2022, 2024, 2026

According to WalletInvestor, Tellor price will grow from $26.57 to $33.459 in one year. That makes TRB an awesome investment. The long-term earning potential is 25.93%. Predicted price for the end of 2027 is $47.788.

TradingBeasts TRB Price Prediction for 2023

Answering the question about if Tellor is a good investment, TradingBeasts say a resounding yes. In the 2022 perspective, this coin price is predicted to reach $26.644 with a growth to $30.685 by the end of 2023.

DigitalCoin TRB Price Forecast for 2022, 2023, 2024, 2026

In DigitalCoin analysis, the price of Tellor cryptocurrency will rise in the next 5 years starting from $35.6242974 as of today’s price to $155.6581647. It will go up to $53.2271267 by 2023 and starts its reduction in 2024-2025. Based on this forecast, Tellor is a profitable long-term investment.
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Summary

As it can be clear from the analysis cited above, Tellor (TRB) projections are rather contradictory. There is no universal consensus either about positive or negative future TRB price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the Tellor projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
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Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

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Exchange Tellor

This pair is not available for exchange