Tellor (TRB), the decentralized oracle system, is getting better chances all the time. It’s worth 20% more now than it was 24 hours ago, and it wants to reach $125. There isn’t much hope in the crypto market right now, but TRB has shown that it can be strong by making more gains in the last 30 days.
The market price of all coins dropped 15% because buying and selling was slow. However, TRB’s value rose 32% during that same time, which was the opposite of what was expected. Based on the most current data from CoinGecko, TRB is now worth $114.60. This means that it is rising quickly and investors are interested.
Tellor (TRB) On-Chain Activity Surges
More research into TRB’s price changes reveals that a lot of people are interested in the alternative currency. The Relative Strength Index (RSI) and the Money Flow Index (MFI) are two important signs that show people in the market are buying a lot of TRB. Analysts warn, though, that these high numbers could mean the market is too bought, which would mean prices will soon go down.
As the need for Tellor grows, on-chain data shows that the number of addresses that are used every day has increased by 29% in the past month. Investors are getting more excited about the project, even though the market is still bad, as shown by this rise in network activity.
These facts from Santiment make people feel even better about Tellor. It hit a high of 6.98 for the token at the time of writing, which shows that there are many bulls in the market. The Parabolic SAR indicator also shows that TRB is rising, its dashed lines are below the asset’s price, which means it could rise even more.
According to a study by analysts, TRB investors have mostly made investments over the last month, with 1.04 deals making cash for every one that lost cash. You can still make currency with TRB even though the market is down because of this good number.
With a remarkable run, TRB keeps surprising the market. Now, everyone is waiting to see if it can go over $125 in the next few days. If it does, it will be even more unique in the world of cryptocurrencies.
