✨Tellor (TRB) Soars 120% in Just a Week—Here’s Why It Could be Going to $246 Next!🚀💵

Tellor (TRB), a decentralized oracle network, has been on a roll, with its market capitalisation more than doubling in just one week. As of April 30, TRB's market cap stood at $143.32 million. Fast-forward to May 7, and it had surged to $274.11 million. Let me break down what's behind this explosive growth.

Crypto analytics experts like Santiment point to a spike in crypto whale activity as the primary catalyst for this impressive rise. On May 6, there were 212 daily active addresses involving TRB, and 16 whale transactions valued at over $100,000 each. Just a week earlier, on May 1, the numbers were much lower—only 131 active addresses and no significant whale transactions.

This dramatic uptick in activity suggests that big investors see potential in TRB, likely leading to a ripple effect as others jump on board. The increased interest and volume have clearly contributed to the skyrocketing market cap.

Crypto analysts are bullish on TRB's future. Notable market observers believe that the current trend is just the beginning of a much larger movement. They believe that TRB could jump by over 300% from its recent lows, possibly reaching more than $246.

Technical analysis seem to support this outlook. The formation of higher lows in price action, combined with lower lows on a momentum oscillator, typically signals a bullish trend. This technical setup aligns with the recent surge in whale activity, indicating strong upward momentum for TRB.

As of now, Tellor is trading at $106.78, reflecting a 16.6% increase in the last 24 hours. Over the past week, the price has soared by more than 100%, a remarkable trend that has captured the attention of crypto enthusiasts and experts alike.

With analysts and whales both signaling more growth ahead, Tellor (TRB) is definitely a coin to watch. If you're in the market for a promising decentralized oracle network, TRB could be the hot ticket.

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