Tellor (TRB) Price Predictions – 2023, 2025, 2030
Tellor (TRB) Overview
|💱 Ticker Symbol||TRB|
|💸 Market Cap||$89,473,562|
|🚀 Trading Volume||$87,248,253|
|📈 Price Change (24h)||-3.21%|
|💰 Current Supply||1,703,442|
- Bullish Tellor (TRB) price predictions range between $236.36 and $446.46 by 2030.
- Market analysts believe TRB could reach $183.84 by 2025.
- Bearish Tellor market price prediction for 2023 is $42.02.
Tellor (TRB) Introduction
As part of a series of oracle projects developed to tackle the security issues that arise with depending on off-chain data, Tellor is one such project developed to produce reliably sourced data for the Ethereum network.
To understand the fundamentals of Tellor, read our algorithmically produced TRB price forecasts, and view our Tellor price prediction analysis to decide whether TRB is the crypto investment for you.
What is Tellor (TRB)?
With the aim of improving smart contracts with reliable data, Tellor was founded to serve as a DeFi alternative to off-chain data through trusted miners with stakes on the platform. These minors create organic competition and seek to retrieve off-chain pricing data.
Parties are enabled to create a market whereby they request values of off-chain data points, and miners compete with each other to bring on the values to on-chain banks. Miners are paid in the native token of Tellor, TRB, for their efforts in providing the requested data. Since this is a slowly but surely growing market as the need for oracle systems increases exponentially, and security/reliability becomes a primary concern, our Tellor price forecast considers the market conditions.
Who Founded Tellor?
In 2018, Nicholas Fett, Michael Zemros, and Brenda Loya founded Tellor. The platform was established as a community of validators, data providers, and token holders built as a tool for Daxia. However, when its potential as a separate service was realized, the founders curated it to hold its own.
Since Oracles are seeing increasingly high demand for their decentralized features and security regarding data mining, Tellor tapped into a largely unexplored market. The TRB token was created to assimilate the payment systems with the larger platform.
How Does Tellor (TRB) Work?
The design of Tellor is simple and futuristic, and the general process followed is that a user first submits a query through the Tribute system, which in turn serves as remuneration for the miners who will collect the data. The data isn’t limited to the person requesting it, as other users can hop in and pay for further information to receive the data.
For miners, the system’s smart contract sifts through the queries with the highest price tag every 5 minutes so they can select the data mining task that pays the most in Tributes. To ensure reliability along this process, miners must submit their Proof-of-Work to the Tellor contract. After five values have been received, the data is saved on-chain.
Miners get paid after they have been selected for the task. About 48 hours after the data has been mined, Tellor holders can dispute the validity of the data, and if the value is false, miners automatically lose their TRB stake.
Tellor (TRB) Fundamental Analysis
There are several problems that Tellor aims to solve, which include:
1. Security Maintenance
The Tellor Tributes help maintain security and transparency on the platform through TRB tokens as staking collateral and a payment incentive. Further, the TRB token is used as a fee for any dispute between miners and clients regarding data validity. It is also used for calculating the number of votes in disputes as a form of an aggregation unit.
2. Service Expansion
Another issue that Tellor aims to solve is its niche market presence. Through the amalgamation of futuristic algorithms based on the solid foundation that Tellor already has, its investment potential and the value of the TRB token can improve. The data mining, token incentives, governance, service provisions, and much more offered by Tellor on a decentralized ownership model holds potential for expansion and an improvement in Tellor’s price.
3. Decentralized Service-Payment Models
The payment-reward system offered by Tellor represents the future of decentralization, hence our indication of upswings in Tellor price predictions. The specificities of data mining requests are nearly always met through this model since specific data is mined from other chains and built into the central blockchain, with TRB tokens as an incentive.
Since this service can be used by various clients and service providers on the market, it bodes well for the performance improvement potential of the TRB token’s price.
As for Tellor’s personal profit, a 10% commission is taken from each successfully completed mining request as a reward. With this remuneration, Tellor can improve and expand its services.
Organic competition, much like traditional markets, is created through the requirement from each miner to contribute 1000 TRB tokens to be able to provide services. This method of staking, mining, and then Tellor’s earning of 10% each time creates a niche yet foolproof business method.
Tellor (TRB) Issuance System
The Tellor Tribute token price may fluctuate based on the changes in the supply of tokens, with whatever decisions the team at Tellor takes regarding issuance and trading volume of the token. Since current TRB token prices reflect the constant issuance policy, that will likely be the rate of token issuance in the future as well, since it enables liquidity. However, constant issuance doesn’t contribute to the stability of the price or predict a significant price shift whatsoever.
Tellor (TRB) Current Price
Tellor is currently worth $52.53 USD. TRB has moved -3.21% in the last 24 hours with a trading volume of $87,248,253. Tellor is currently ranked 199 amongst all cryptocurrencies with a market capitalization of $89,473,562 USD.
Utilizing the relative strength index (RSI), moving weighted average (MWA), williams fractal (fractal) and moving average convergence divergence (MACD) from the chart above, we can determine price patterns for Tellor (TRB) to decide wether it is going to have a bullish or bearish year.
Tellor (TRB) Price Prediction
While it’s impossible to predict the exactitudes of how Tellor’s price may rise in the future, we use several reliable technical indicators such as moving averages, trend lines, and Fibonacci retracement to create reliable price predictions for the TRB tokens and Tellor’s future as an Oracle as a whole in the cryptocurrency market.
|Year||Minimum Price||Average Price||Maximum Price|
Our price prediction forecasts use real-time Tellor (TRB) market data and all data is updated live on our website. This allows us to provide dynamic price predictions based on current market activity.
Tellor (TRB) Price Prediction 2023
Tellor, according to some, is one of the most amazing cryptocurrencies to rise this year (TRB). The TRB price forecast for 2023 anticipates a significant increase in the year’s second half, possibly reaching $78.79.
As with other cryptocurrencies, the rise will be gradual, but no considerable drops are expected. Averaging $73.54 in price is quite ambitious, but it is feasible in the near future given anticipated collaborations and advancements. TRB is expected to have a minimum value of $63.03.
Tellor (TRB) Price Prediction 2024
In 2024, Tellor TRB price prediction has much room for expansion. As a result of the potential announcements of numerous new partnerships and initiatives, we anticipate that the price of TRB will soon surpass $131.31. However, we should wait to see if the TRB’s relative strength index comes out of the oversold zone before placing any bullish bets.
Considering the market volatility, TRB will trade with a minimum trading price of $105.05 and an average trading price of $115.56.
Tellor (TRB) Price Prediction 2025
If the upward trend continues until 2025, it could reach $183.84 and TRB may profit. If the market experiences a decline, the goal may not be met. TRB is expected to trade at an average price of $168.08 and a low of $157.58 in 2025.
Tellor (TRB) Price Prediction 2026
If Tellor successfully boosts market sentiment among cryptocurrency enthusiasts, the TRB coin price could remain stable for the next five years.
According to our projections, TRB will be green in 2026. The TRB is expected to reach and surpass its all-time high in 2026. In 2026, the virtual currency will be worth $236.36, with a minimum price of $210.10 and an average price of $220.61.
Tellor (TRB) Price Prediction 2027
After some extensive forecasting and technical analysis, we estimate the TRB price is expected to cross an average price level of $273.13 by 2027, with a minimum price of $262.63 expected before the end of the year. Furthermore, TRB has a maximum price value of $288.89.
Tellor (TRB) Price Prediction 2028
Due to the future partnerships that are expected to happen by 2028, we are expecting that a bullish trend will continue, bringing the average price to around $325.66. If TRB manages to break the resistant level in 2028, we could see a maximum price of $341.41, failing to gather the support TRB needs by 2028 could result in a low of $315.15.
Tellor (TRB) Price Prediction 2029
While TRB is striving towards interoperability between networks to hasten interaction, the bullish trend from the previous year is expected to continue. So the minimum trade price has been placed at $367.68 and a yearly price close above $393.94 in 2029.
Tellor (TRB) Price Prediction 2030
By 2030, Tellor will finally surpass its previous ATH values and record new price levels. The minimum price could be $420.20 and potentially reach a maximum price value of $446.46, averaging out at $430.71.
Tellor (TRB) Price Prediction 2031
The cryptocurrency market is known to be highly volatile which is one of the many reasons why price forecasting is a difficult task. BitcoinWisdom tries our best to forecast future price points with precision, however all predictions should not be taken as financial advice and you should DYOR (do your own research). In 2031, we are expecting cryptocurrency to have gained adoption across many sectors. As such, the maximum TRB price in 2031 is projected to be $514.75 in the event of a bull run, with an average price level of $493.74.
Several factors govern our Tellor price predictions through proper analysis, such as the toke supply, the popularity of Tellor as a DeFi Oracle network, and its development as a data mining service platform. However, given any cryptocurrency, the price of Tellor (TRB) is subject to volatility and deflation.
Many people understand Tellor to cater to the niche data mining market via Oracles. Still, the increasing popularity of Oracles may translate to projects like TellorX to improve the current offerings and put the expansion into place.
Other oracle providers are more specialized, so there is the fear of them outstripping Tellor. However, the DeFi and mining prospects of Tellor are easily adaptable and are likely to push the price of Tellor tokens up with data updates and improvements in the Oracle.
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What is the Tellor (TRB) price today?
Today, Tellor (TRB) is trading at $52.53 with a total market capitalization of $89,473,562.
Is Tellor a good investment?
Tellor proved to be one of the most talked about coins in the crypto space this past year. With this in mind, it is wise to say that TRB is a good choice of investment.
How high can Tellor go?
The average price of Tellor (TRB) can possibly reach $73.54 this year. Over the next 5 years, it is projected that Tellor may surpass $341.41.
How much will Tellor be worth in 5 years?
Based on the rising popularity of cryptocurrency and Tellor, a long term investment in TRB could see the price rise to $341.41 within the next 5 years.
How much will Tellor be worth in 10 years?
If you invest in Tellor today, as with any investment, a long term increase is expected. The price of TRB could possibly rise to $667.07 within the next 10 years.
What will the Tellor price be in 2024?
Tellor (TRB) price is expected to reach $131.31 by 2024.
What will the Tellor price be in 2025?
Tellor (TRB) price is expected to reach $183.84 by 2025.
What will the Tellor price be in 2026?
Tellor (TRB) price is expected to reach $236.36 by 2026.
What will the Tellor price be in 2027?
Tellor (TRB) price is expected to reach $288.89 by 2027.
What will the Tellor price be in 2028?
Tellor (TRB) price is expected to reach $341.41 by 2028.
What will the Tellor price be in 2029?
Tellor (TRB) price is expected to reach $393.94 by 2029.
What will the Tellor price be in 2030?
Tellor (TRB) price is expected to reach $446.46 by 2030.
What will the Tellor price be in 2031?
Tellor (TRB) price is expected to reach $514.75 by 2031.