The Global Defi Conference hosted by @TechCircus_ 27-28 April 2022 was focused on the rise of DeFi technology and the impact of decentralized finance. Blockchain technology proved to be rapidly incorporating its way into every aspect of finance, and DeFis are impacting today’s world.
The volatility of crypto prices has led to the fragility of the DeFi market, and with it, massive automatic liquidations in DeFi protocols. TRB price predictions can go south, but here’s the main thing: further developments could push the value of Tellor TRB higher.
Tellor TRB biggest bull run started on Nov 10th, 2019, and ended on 12 Dec 2019, when the price of TRB increased from 0.1823 USD to 7.1404 USD, resulting in a return of 3817.6 %. A year ago, Tellor has a low supply of 1.6 million coins and 3,000 investors, yet, this coin was bruited to have high potential and will soar to high prices as it gets more attention.
?We cannot wait for the virtual Global Defi Conference hosted by @TechCircus_ April 27-28!
?CTO @themandalore9 will be speaking on why oracles will be as big as L1s.
?Enjoy a 50% discount with the code ‘NF50’:https://t.co/XGmTSGt8S4#crypto #oracles #DeFi pic.twitter.com/gDj1ulZsbk
— Tellor (@WeAreTellor) April 14, 2022
Today’s Tellor price is $11.05 with a 24-hour trading volume of $5,817,775. Tellor is down 3.33% in the last 24 hours. The current CoinMarketCap ranking is #643, with a live market cap of $18,818,070. It has a circulating supply of 1,703,442 TRB coins and the max. supply is not available.
What is Tellor TRB?
Nicholas Fett, Brenda Loya, and Michael Zemrose co-founded Tellor in early 2018. When it comes to Tellor, it is more than just a group of investors or just an oracle. It comprises a community of data producers, validators, and token holders to form a permissionless network that uses bitcoin to guarantee the blockchain’s record-keeping mechanism for real-world data.
Tellor’s oracle is essentially a permissionless, decentralized interface between blockchains and the real world. TRB is often employed as a mining incentive in the Tellor ecosystem as a utility token.
TRB Overview
TRB Overview
| Coin | Symbol | Price | Marketcap | Change | Last 24h | Supply | Volume (24h) |
|---|---|---|---|---|---|---|---|
 | TRB | $ 11.23 | $ 26.09 M | 0.08% | 2.34 M | $ 5.29 M |
TRB’s internal procedures
- Querying of data takes place.
The inclusion of a TRB tip allows users to access data queries that will be rectified in the future block.
- The queries are converted into Proof of Work (PoW).
User requests for Tellor’s smart contract are processed, and data providers are given a PoW challenge to mine the most complex queries.
- PoW is converted into data updates via data sources.
Staked data provider systems compete to mine the PoW problem and give the needed fresh data updates. Also, staked data provider systems are competing.
- A read-only on-chain pricing stream contains official statistics figures.
A digestible data stream from the first five proof-of-work (PoW) solvers and submitters is used by the Tellor contract as the official pricing.
Data supplied to token holders might be disputed. Data provider shares are reduced if a legal challenge is successful.
Crypto watchers are a mixed lot, but we can say that those who watch crypto exchanges and crypto events tend to benefit a lot. For example, take a look at the TRB coin of the Tellor Tribute platform.
Tellor biggest bull run started on Nov 10th, 2019 and ended on Dec 12th, 2019. During this time, the price of Tellor increased from 0.1823 USD to 7.1404 USD, resulting in a return of 3817.6 %.
When it was first listed in Binance, its price started shooting up slowly, then up to ~$75 in August 2020.
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 ~$60, but a major technical failure in February sent it tumbling back down to around $35 and even lower.
TRB spiked after Tellor’s listing on Coinbase in early May 2021, 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. What’s in store for TRB, the native currency?
TRB Price History
ETH’s smart contracts don’t need off-chain data since they’re entirely self-contained. As a result of Tellor’s approach, parties may demand the value of an off-chain data point (such as ETH/USD), and miners compete to put that value into an on-chain data bank available to all Ethereum smart contracts.
A network of staking miners guards the series’ inputs to prevent unauthorized access. The core Tellor smart contract builds a time series of all required data to become the primary source of high-value data for the decentralized application. These alternative cryptocurrency systems use Tellor’s token, Tributes, produced by the oracle “Tellor,” to demand a particular data series from the miners.
Crypto watchers are a mixed lot, but we can say that those who watch crypto exchanges and crypto events tend to benefit a lot. For example, take a look at the TRB coin of the Tellor Tribute platform. When it was first listed in Binance, its price started shooting up slowly, then up to ~$75 in August 2020.
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 ~$60, but a major technical failure in February sent it tumbling back down to around $35 and even lower.
TRB spiked after Tellor’s listing on Coinbase in early May 2021, 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. What’s in store for TRB, the native currency?
TRB Technical Analysis
TRB has been on a downward trend in the last two months and the momentum is slowing down as shown by the William Alligator trend lines. The MACD histogram suggests reducing price momentum to the upside after a huge buy on 30th May that sent the price to $15.80. The 14-day relative strength indicator shows no sign of reversal.
TRB Price Predictions by Authority Sites
Walletinvestor
Tellor cryptocurrency’s past market performance ranks ‘B+’ and would make a ‘bad’ long term investment according to Wallet investor AI and machine learning algorithm. The average forecast price for the coming two weeks will be dominated by bears, falling from the current price to $8.687 at the end of the period. The technical analysis predicts Tellor will lose 97.987% of its value in one year; it will fall from its current price to $0.22. There will be a slight price rise in 2024 to an ROI of -96.671%. Tellor ROI in 2025 will be 97.662%, in 2026 it will be 96.669% and in 2027 it will be 97.779%.
TradingBeasts
Trading beasts analyze historical data to predict the cryptocurrency market. Their analysis of the cryptocurrency market expects the Tellor cryptocurrency price to reach $12.132 in July. It will then drop towards the end of the year and will be trading at an average price of $10.841 in December. The drop will continue until July 2023 at $9.177 when traders can expect a significant price shift to $10.026 in August. The year 2024 will be dominated by bulls who will push prices from $13.206 in January to $17.672 in December. 2025 will have similar performance, opening at $17.999 in January and closing at $21.020 in December.
Digitalcoin Price
DigitalcoinPrice Tellor price forecast is extremely high compared to Walletinvestor. Tellor has been on a downward trajectory for the better part of this year. As it recovers, Tellor is expected to rise by about 50% in July to $15.48. It will trade between a minimum price value of $14.64 and a maximum price value of $16.30, for the remaining part of the year. The Tellor average price in 2025 will be $21.02, with a maximum price value of $23.60 and a minimum price value of $18.91. In 2030, Tellor will experience tremendous growth with an average price of $50.33, a minimum price of $48.40 and a maximum price of $52.35.
Cryptopolitan
TRB Price Prediction 2022
TRB price prediction for 2022 is $11.84. Tellor has been on a bear run this year. Its price fell from $28.5 in April to $9.42 in May. Tellor coin’s price is expected to rise from its current value and trade above $11 as the crypto market recovers. Tellor will trade between $11.48 and $13.25.
TRB Price Prediction 2023
TRB price prediction for 2023 is $16.38. The Tellor team is all in developing the Tellor 360 build which is highly anticipated by the community. While it’s scheduled for September, the build will be fully operational in 2023 with a majority of the bugs cleared. The average price will range from a minimum price of $15.79 to a maximum price of $19.75.
TRB Price Prediction 2024
TRB price prediction for 2024 is $23.35. As time passes Tellor will continue to build more useful oracles for both on-chain and off-chain data retrieval. A good example is the TRB Oracle which will allow Filecoin users to purchase insurance from Ethereum. TRB will bridge the two networks. The average price will range from a minimum price level of $22.53 to a maximum price level of $27.65.
TRB Price Prediction 2025
The tellor price prediction for 2025 is $33.92. As the technologies continue to evolve, it is anticipated that more efficient and robust blockchains will continue to emerge. Some with near-zero fees. TRB will be useful in enabling communication between these blockchains. The average price will range from a minimum price of $32.99 to a maximum price of $38.63.
TRB Price Prediction 2026
The tellor price prediction for 2026 is $49.76.The Tellor token burn mechanism will enable the system to weather inflation. Burning tokens the circulating supply of the TRB token from the total supply. Half of all token rewards are burnt. This will increase the value of the Tellor cryptocurrency. The average price will range from a minimum price of $48.41 to a maximum price of $57.43.
TRB Price Prediction 2027
The tellor price prediction for 2027 is $68.88. The need for blockchain solutions will rise as we transition into Web3.0. While institutions may not be able to build blockchains, oracles will help connect the institutions to blockchain networks. These ready-made SDK tools will come in handy in the future of Web3.0. Tellor will register its highest price at $82.30 and lowest price at $66.39.
TRB Price Prediction 2028
The Tellor price prediction for 2028 is $100.07. The TRB network is open source. I work on rewarding open and permissionless data reporting that can be verified by anyone. This means that anyone can participate in verifying the network or build on it and be incentivised while at it. Tellor price will reach a maximum value of $114.33 and a minimum value of $97.32 for the year.
TRB Price Prediction 2029
The Tellor price prediction for 2029 is $148.26. After 7 years of continuous building and growth, Tellor will eventually reach its all-time high of $163.76 set on 10th May 2021. Specialists expect that speculators will probably push the price higher upon achieving the milestone. Its market capitalization will grow and it is expected to trade between $143.25 and $170.61.
TRB Price Prediction 2030
The T ellor price prediction for 2030 is $226.13. TRB will then cross the $200 mark in 2030 setting new resistance and support levels. TRB smart contracts will be intertwined into multiple blockchains. However, any hacks, negative news and market crashes could bring TRB crashing down. TRB will trade between $220.20 and $248.51 for the year.
TRB Price Predictions by Industry Influencers
Conclusion
The Tellor network has had a difficult time this year and only had a little reprieve in April when its price reached $29.25. The Tellor team is on track to launching the Tellor 360 build in September and this could push the value of Tellor higher.
Tellor is expected to begin recovering from July and make up for some of its losses in the crypto market in 2023. Tellor average trading price in 2030 will be $226.13.
Always seek advice from a financial advisor before investing in the crypto world.
FAQS about Tellor TRB
Is Tellor a good Investment?
Yes, Tellor is a good long-term investment.
Where can I buy Tellor?
You can buy Tellor on Binance, Coinbase and WazirX.
Will the price of TRB reach $100?
Yes, in 2028.
What will be the price5 years from now?
TRB will be worth $68.88 in 10 years.
What will be the price 10 years from now?
TRB will be worth $300 in 10 years.
Source: https://www.cryptopolitan.com/trb-price-prediction/