Tellor ( #TRB ) continues its upward trend, which started at 9.95 USDT levels on August 25. Although the number of short positions was very high for a while, it continued to rise, unlike those investing in short positions in the market. It increased by more than 470% in just 40 days.
When we look at the technical graph, we can see that a structure similar to the bowl structure is formed. It broke this structure and formed a strong daily candle after closing above it. This confirms the continuation of the upward trend in the chart.
The first resistance point will be the 66.99 USDT level. After a daily close above this level, it can increase the #Tellor target to 79.92 USDT levels.
What is Tellor (TRB)? What are its features?
Tellor is a decentralized #oracle protocol running on the #Ethereum blockchain. Oracles are like bridges that can transfer information from the real world to smart contracts on the blockchain.
Tellor uses TRB, a cryptocurrency, to provide real-world data to smart contracts. TRB is used by reporters to provide accurate and up-to-date data to smart contracts. Reporters are rewarded with TRB for providing accurate and up-to-date data.
The key features of Tellor are:
Decentralized: Tellor operates without the need for a central authority. This makes Tellor safer and more efficient.
Secure: Tellor uses a variety of security measures such as smart contracts and blockchain security.
Open source: Tellor is an open source project. This ensures Tellor is transparent and trustworthy.
Scalable: Tellor can support large amounts of data and transactions.
Economical: By providing rewards for reporters, Tellor offers a more efficient way to transfer real-world data into smart contracts.
Tellor can be used for:
Valuation: Tellor can provide real-time price data to smart contracts.
Financial data: Tellor can provide financial data to smart contracts.
Other data: Tellor can provide other data to smart contracts, such as weather, traffic, sports results.
Tellor has the potential to become a major player for decentralized oracle protocols. Tellor provides a more secure, efficient and economical way to provide real-world data to smart contracts.
The main features of Tellor are as follows:
Decentralized: Tellor operates without the need for a central authority. This makes Tellor safer and more efficient.
Secure: Tellor uses a variety of security measures such as smart contracts and blockchain security.
Open source: Tellor is an open source project. This ensures Tellor is transparent and trustworthy.
Scalable: Tellor can support large amounts of data and transactions.
Economical: By providing rewards for reporters, Tellor offers a more efficient way to transfer real-world data into smart contracts.
Tellor is a powerful project with the potential to become a major player for decentralized oracle protocols. Tellor provides a more secure, efficient and economical way to provide real-world data to smart contracts. $TRB $ETH