TELLOR (TRB) Coin Overview and Weekly Technical Review:
This article centers around a thorough assessment of TRB coin's technical and fundamental attributes using data obtained from www.coinmarketcap.com . Our report aims to address vital inquiries regarding the projects associated with the cryptocurrency ; determining significant factors affecting its market value
This article centers around a thorough assessment of TRB coin’s technical and fundamental attributes using data obtained from www.coinmarketcap.com . Our report aims to address vital inquiries regarding the projects associated with the cryptocurrency ; determining significant factors affecting its market value ; reviewing which are reliable exchanges for trading it ; identifying traded currency pairs ; exploring assorted key metrics that demonstrate critical aspects of performance such as highest low price values attained among other essential economic indicators. We will also provide regular weekly graphical or technical analyses aimed at assisting potential investors evaluate feasible investment risks areas while identifying prospective profits.
What is TELLOR (TRB) Coin?
Tellor (TRB) is a decentralized oracle network built on the Ethereum blockchain. It aims to provide high-value data for smart contracts and dApps by leveraging a global network of miners who compete to solve real-world data challenges .
As an oracle, Tellor acts as a bridge between the off-chain world and on-chain applications . It fetches external data , such as stock prices or weather information, and delivers it securely to smart contracts in a reliable manner .
The native cryptocurrency of the Tellor network is TRB . It has utility within the ecosystem , serving as both an incentive mechanism for miners and a governance token allowing holders to participate in decision-making processes regarding protocol upgrades .
Overall, Tellor aims to bring verifiable external data onto the blockchain reliably and transparently, enabling more complex and robust decentralized applications .
If you want to know more about the TELLOR (TRB) coin , you can visit its website.
Tellor (TRB) has several ongoing projects and initiatives aimed at expanding the use cases and adoption of its oracle network . Here are a few notable ones :
- Data Feeds : Tellor is focused on continuously expanding its range of data feeds to provide accurate, reliable, and timely information for smart contracts . This includes various types of financial data , sports scores , weather updates, and more .
- Governance Enhancements : The Tellor community actively participates in governance decisions through the TRB token . Ongoing efforts aim to improve the governance mechanism by introducing proposals and voting on protocol upgrades or changes .
3.Developer Tools : Tellor provides developer-friendly tools and documentation to make it easier for developers to integrate external data into their applications using the Tellor oracle network .
4.Integration Partnerships: To increase adoption , Tellor seeks collaboration opportunities with other blockchain projects and platforms that require trusted external data sources for their smart contracts .
5.Research & Development: Constant research is conducted to enhance the performance, security , scalability , and efficiency of the Tellor protocol through improvements like staking mechanisms or dispute resolution systems .
These are just a few examples of what Tellor (TRB) is working on to expand its ecosystem’ s capabilities and ensure high-quality decentralized oracle services for various industries within the blockchain space .
Factors affecting price:
The price of Tellor (TRB) and any cryptocurrency can be influenced by a variety of factors, including:
1.Market Demand: The overall demand for TRB from investors and users plays a significant role in its price movement . If there is increased interest and demand for the coin , it can drive the price upward .
- Market Sentiment : Market sentiment, which can be influenced by news, events, or general market trends , can impact TRB’s price. Positive developments about the project or partnerships may increase investor confidence and drive prices higher .
3.Token Utility : The utility of TRB within the Tellor ecosystem also affects its value. As more applications rely on Tellor’s oracle services and require TRB to access those services or participate in governance decisions , it could create additional demand for the token .
- Competition : The presence of other decentralized oracle projects in the market might influence TRB’s price. Competition with similar projects could affect market share and investor sentiment regarding Tellor’s long-term prospects .
- Overall Cryptocurrency Market Conditions : General market conditions in the cryptocurrency industry can have an impact on TRB as well as other digital assets’ prices . Factors such as regulatory changes, macroeconomic events, or shifts in investor sentiment towards cryptocurrencies as a whole may influence TRB’s value .
It is important to note that cryptocurrency markets are highly volatile and subject to various unpredictable factors; therefore, investing in cryptocurrencies should always be approached with caution after conducting thorough research and analysis based on your own financial goals and risk tolerance level
Where can I buy TELLOR Coin (TRB)?
Exchange Pair Volume
TELLOR Coin (TRB) Baseline Assessment :
The market cap of the TELLOR (TRB) coin is $ 26.984.237 and its circulating supply is 2.467.073 units. Its maximum Supply is 2.489.282 units, with a fully diluted valuation of $ 27.227.151.
What is the high price point for TELLORCoin (TRB)?
TELLOR Coin (TRB) highest price is $163.76 recorded on May 10, 2021 . The current price is -93.3% lower than the all-time high .
What is the low point of the price for TELLOR Coin (TRB)?
TELLOR (TRB) token’s lowest price was $1.11 on Nov 19, 2019.
TELLOR Coin(TRB) Technical Outlook:
Tellor (TRB) coin, which was $164.05 on May 10, 2021, fell to $6.63 on May 09, 2022. From here, $48 came out, providing a return of 614% to its investor. It could not hold at this level and was withdrawn to the $ 6 level again. As long as we can’t break the falling channel line with volume, the uptrends will remain in reaction. Especially the $16.35 level, which is the volume zone of the downtrend, is a tough resistance that needs to be crossed for the uptrend. The closes above $16-$22 indicate that the market structure has changed and the uptrend has started. Once above the resistance levels, the price will target $48, the fibo 0.618 zone. Our falling fibo levels on the ups should be followed as resistance.
Our support points: $8.62 – $6.63 sequential resistances: $12 – $14.14 – $16.35 – $22.58 – $32.98 – $48.15 – $82.56 – $164
Investment information comments, and recommendations contained herein are not within the scope of investment consultancy . The content, comments, and recommendations herein are not guiding but general . These recommendations may not suit your financial situation and risk and return preferences . Therefore making an investment decision based solely on the information herein may not yield results that meet your expectations .
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