Tellor (TRB) Price Prediction 2023-2030: Will TRB Price Hit $70 Soon?

Bits Logics Team . 08th Sep 2023
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  • Bullish Tellor (TRB) price prediction ranges from $30 to $70
  • Analysis suggests that the TRB price might reach above $65.
  • The TRB bearish market price prediction for 2023 is $8.5.

Tellor (TRB) Price Prediction 2023-2030 Overview

YearMinimum PriceAverage PriceMaximum Price
2023$30$65$100
2024$80$100$250
2025$150$247$350
2026$80$110$300
2027$120$150$200
2028$150$185$240
2029$250$322$400
2030$350$450$550
2040$600$750$900
2050$1,200$1,500$2,500

What is Tellor?

Tellor is a groundbreaking Oracle protocol, offering transparency and permissionless access to data for smart contracts. Its core functionality revolves around rewarding data reporters for supplying accurate information to the blockchain while deterring false reports through dispute mechanisms and slashing penalties.

The protocol fosters a decentralized network of data reporting and validation, ensuring data accessibility to all and permitting participation without any verification requirements. This permissionless feature sets Tellor apart in the realm of blockchain oracles, welcoming individuals worldwide to become reporters through open-source software.

For instance, when an Oracle user seeks off-chain data like the TRB/USD price, data reporters engage in friendly competition to contribute this data to an on-chain data repository accessible by all smart contracts on various networks supported by Tellor, including TRBereum, Polygon, and Algorand. The frequency of data updates depends on user contributions or “tips” in the form of TRB tokens, allowing for timely and reliable data feeds.

Bitcoin (BTC) Market Overview

Tellor (TRB) Current Market Status

The circulating supply of Tellor (TRB) is infinite, while its maximum supply is 120,218,534 TRB, according to CoinMarketCap. The trading volume of Tellor in the past 24 hours is $3,861,415,881 which represents a 13.93% decrease. Binance, Coinbase Pro, OKEx, Kraken and Huobi Global are some of the popular exchanges. 

At the time of writing, Tellor is trading at $1,631.34 representing 24 hours decrease of 0.06%. We shall now delve into the price analysis of Tellor for 2023.

Tellor (TRB) Price Analysis 2023

The above chart shows how Tellor has been lately touching the upper Bollinger band continuously. Furthermore, it went above the upper band. Currently, we could see some selling pressure building up for TRB. As such, we could expect it to fall back into the Bollinger bands. Moreover, the Bollinger band super trend says the indicator shows a white patch, which means that TRB is on an uptrend.  

Moreover, the Elder Force Index is also falling downward. The Elder Force index measures the strength behind the change in price by using the volume and the change in price. The EFI shows a value of around 2 Million and the line is coming down. This means that the price change and the volume have been making the EFI line decrease. 

In the event that the sellers keep dominating the market, the probability of TRB losing value is very high. TRB will be seeking the assistance of $8.6 level if the seller keeps dominating the market. 

Tellor (TRB) Price Prediction 2023

The chart above shows the behavior of TRB in the past. Since the beginning of 2023, Tellor has been trading inside a falling wedge. It has been making lower highs and lower lows during the past. As shown by the gann fan, it could be noted that after receiving support from the 2:1 Gann line, TRB has got some momentum and has spike. Hence if, this uptrend continues there is a huge possibility that the token could reach $45 level and if it breaks it, then, it may reach $65. However, the hurdle that may hinder Tellor’s upward momentum would be the market. This is because TRB has been detected as overbought by the Bollinger band indicator. As such, there is a high chance that the token could crash and reduce in price. In the event that TRB crashes it may seek support at $8.42. 

Tellor (TRB) Price Prediction 2024 

As there will be BTC halving in 2024, the masses will expect a positive trend in the market and there is a high chance that investors could accumulate more of the coin. However, the year of BTC halving didn’t yield the maximum spike for TRB. Hence, TRB could trade at a price, not below $100 by the end of 2024.

Tellor (TRB) Price Prediction 2025

Tellor may harvest the after-effects of the Tellor halving and is intuitively expected to trade much higher than its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, TRB will continue to rise in 2025 forming new resistance levels. It is expected that TRB will trade beyond the $247 level.

Tellor (TRB) Price Prediction 2026

After a long period of bull run, the market may start to correct the price of BTC. During this period there could be a bearish sentiment, as such TRB could tumble into its support regions. During this period of price correction, TRB could lose momentum and be way below its 2025 price. As such, it could be trading at $110 by 2026. 

Tellor (TRB) Price Prediction 2027

There is a tendency for traders to expect a bullish market sentiment after the crypto industry was affected negatively by the bears’ claw. Moreover, the build-up to the next Tellor halving in 2028 could evoke excitement in traders. As such, this excitement may be reciprocated in BTC’s prices and we could expect Tellor to trade at around $150 by the end of 2027. 

Tellor (TRB) Price Prediction 2028

As the crypto community’s hope will be re-ignited looking forward to Tellor halving, there will be a positive sentiment in the market. As such, this may be reflected in the price of TRB. Hence, TRB would be trading at $185 after experiencing a considerable surge by the end of 2028. 

Tellor (TRB) Price Prediction 2029

2029 is expected to be another bull market as the BTC halving takes effect. In tandem with the stable market sentiment, TRB could be trading at $322 by the end of 2029.

Tellor (TRB) Price Prediction 2030

After witnessing a bullish run in the market, BTC and many altcoins would show signs of consolidation and might trade sideways and move downwards for some time while experiencing minor spikes. Therefore, by the end of 2030, TRB could be trading at $450.

Tellor (TRB) Price Prediction 2040

The long-term forecast for BTC  indicates that it has the potential to reach a new all-time high(ATH). As this will be the year of BTC halving people would be excited and the buyers would be accumulating TRB. Hence, the price of TRB could be $750. 

Tellor (TRB) Price Prediction 2050

Since Cryptocurrency will be revered and widely accepted by most people during the 2050s, we will see the masses believe more in it. As such TRB could reach $1500.

Key Takeaways

If investors continue showing their interest in TRB and add these tokens to their portfolio, it could continue to rise. TRB’s bullish price prediction shows that it could reach the $65 level. 

FAQs

What is Tellor (TRB)?

Tellor is a groundbreaking Oracle protocol, offering transparency and permissionless access to data for smart contracts.

Can Tellor reach $65 soon? 

Tellor is one of the few cryptocurrencies that has retained its bullish momentum in the past seven days. If this momentum is maintained, Tellor might reach $65 soon.

What is the present all-time low price of Tellor?

Tellor has a present all-time low price of $1.11.

Where do I store Tellor? 

Tellor can be stored in a cold wallet, hot wallet, or exchange wallet.

What will be the Tellor (TRB) price in 2024?

Tellor is expected to reach $100 by 2024.

What will be the Tellor (TRB) price in 2025? 

Tellor is expected to reach $247 by 2025.

What will be the Tellor BTC price in 2026?

Tellor is expected to reach $110 by 2026.

What will be the Tellor (TRB) price in 2027?

Tellor is expected to reach $150 by 2027.

What will be the Tellor (TRB) price in 2028?

Tellor is expected to reach $185 by 2028.

What will be the Tellor (TRB) price in 2029?

Tellor is expected to reach $322 by 2029.

What will be the Tellor (TRB) price in 2030?

Tellor is expected to reach $450 by 2030.

What will be the Tellor (TRB) price in 2040?

Tellor is expected to reach $750 by 2040.

What will be the Tellor (TRB) price in 2050?

Tellor is expected to reach $1,500 by 2050.


Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Bits Logics and its affiliates will not be held liable for any direct or indirect damage or loss.