Crypto News – TRB has experienced a price increase of more than 150% over the last 30 days, making it the #1 altcoin gainer. According to CoinMarketCap, Tellor’s native token TRB has broken into the top 150 cryptocurrencies by market capitalization.
Tellor Crypto Price Soars and Hits $90 After a Long
The token had a rise of almost 750% and became the most successful in the previous three months. As of the time of this writing, TRB has a market cap of $218 million and is trading at $88. According to experts at Santiment, the price increase coincided with Tellor’s network activity reaching an all-time high, which resulted in over 50 unique transactions per day worth more than $100,000. Along with an increase in whale activity, Tellor also saw an increase in the number of daily active addresses, which peaked on October 23 at 504.
Tellor Crypto Price Continues to Increase
Nevertheless, despite the multi-week surge, TRB is beginning to overheat as funding rates start to fall. According to Coinalyze data, funding rates on TRB futures on four cryptocurrency exchanges, including Binance, ByBit, Huobi, and OKX, went negative and averaged -0.38.
This would signal that traders are willing to pay longs to maintain their bearish bets. It appears that the reversal has already begun, as the TRB price fell by around 15% in less than an hour after reaching the $98 level. However, the fact that the token is back up to $90 as this article goes to press is surprising and welcome news for investors.
Leave a comment