Crypto exchange monitors are a diverse bunch, but we can say that those that monitor crypto exchanges are likely to profit a lot. Take, for example, the TRB coin from the Tellor Tribute platform. Its price rose steadily when it was originally a part of the Binance list, eventually reaching $75 in August 2020. With that said, this article is all about TRB and TRB Price Prediction.
TRB was trading around $20-$25 for a time after a downturn in the fall of that year. In January 2021, it rose again, hitting a high of $60, but a severe technical failure in February brought it falling back down to roughly $35 and even lower.
TRB skyrocketed after Tellor’s Coinbase debut in early May 2021, reaching a high of $163.76 on May 10. TRB’s price had fallen by late June, but it was still trading around the $40 level, with the company pecking consumers’ interest by promoting the imminent Tellor X update. What does the future hold for TRB, the local currency?
What exactly is Tellor (TRB)?
Nicholas Fett, Brenda Loya, and Michael Zemrose created Tellor in early 2018. Tellor (TRB) is more than just a collection of investors or an oracle for investing. It comprises a community of data producers, validatory, and token holders that work together to establish a permission-less network that employs bitcoin to ensure the blockchain’s real-world data record-keeping mechanism.
Tellor’s oracle is a decentralized, permissionless bridge between blockchains and the real world. Tellor frequently uses TRB as a mining incentive in the Tellor ecosystem as a utility token.
With that, let’s dive into the price history of Tellor, before jumping into TRB price prediction.
Price History of Tellor
The current price of Tellor (TRB) is $27.12, according to the most recent data available. TRB now ranks #595 in the whole crypto community. Tellor has a circulation supply of 2,313,849 coins and a market capitalization of $62,754,445. The Tellor’s price has increased by 7.23 percent in the previous 24 hours, thanks to a rise in trading volume and market cap.
TRB has been on a strong rising trend over the past seven days, increasing by 24.2 percent. Tellor has recently shown a lot of promise, so now could be a good time to jump in and invest.
TRB’s price has dropped by 7.151 percent in the previous month, erasing a shocking average of $2.09 from its present worth. This fast drop shows that the coin is now in a downturn, making it a fantastic purchase opportunity for speedy investment.
The price fluctuated from a minimum average price of $49.23 to a high average price of $56.13 in the last 90 days, representing a -51.29 percent difference.
In the last four months, the price of Tellor has dropped by 48.45%, with the highest average price being around $60.82 and the lowest average price being around $54.35.
TRB Price Prediction 2022
According to our in-depth technical analysis of previous TRB price data, we expect the price of Tellor to reach a minimum of $26.13 in 2022. With an average selling price of $26.92, the TRB price may reach a maximum of $30.66.
TRB Price Prediction 2023
In 2023, we expect the price of Tellor to hit a low of $37.29. Throughout 2023, the Tellor price might reach a high of $45.67, with an average price of $38.36.
TRB Price Predictions 2025
In 2025, we predict the price of one Tellor to reach a minimum of $74.39. Throughout 2025, the TRB price might reach a high of $94.13, with an average price of $77.15.
TRB Price Prediction 2031
In 2031, we expect the lowest probable price for Tellor to be $640.27. According to our estimates, the TRB price might hit a high of $763.46, with an average predicted price of $658.57.
Final thoughts
TRB has seen tremendous price variations during its history, ranging from lows of less than $0.87 to heights of more than $146. TRB’s volatility has resulted in multiple spikes and dips along the way, thus its price changes have rarely been smooth. Several factors, including data requests, the number of miners on the Tellor (TRB) platform, the cryptocurrency industry’s development, and the overall economy affect TRB’s price. Its current value is always changing and is determined by the total supply and demand balance in the market.
With a 24-hour trading volume of $12,232,644.77, the current Tellor price is $35.76. In the previous 24 hours, the price of TRB has increased by 1.86 percent. The ATH for Tellor is $163.76. On May 10th, 2021, it attained this ATH.
To achieve a new all-time high, the price of Tellor must increase by 78.35%. It has a total supply of 2,380,745 TRB and a circulating supply of 2,295,524 TRB. However, conduct your research and get investing advice before acquiring any coin or starting any crypto-related company.
Also read: Enjin Coin Price Prediction for 2022, 2023, 2025 and 2031
