What you'll learn 👉
What is Tellor?
Tellor is a decentralized oracle network; a permissionless community of token holders, data providers, and validators. These aspects work together to cryptographically secure putting real world data on-chain.
An oracle is essentially a link between blockchains and the outside world, which in the case of Tellor, is decentralized and permissionless.
The TRB token is the utility token that powers the Tellor ecosystem, where they are commonly used as an incentive for miners.
Our TRB price forecast suggests the token price will be around $33.99 in the next 90 days.
👉 Tellor Price Prediction 2024
Our TRB price forecast suggests the token price will be around $73.19 in 2024.
👉 Tellor Price Prediction 2025
We predict the Tellor price to hover around $84.96 in 2025 based on our analysis.
👉 Tellor Price Prediction 2026
In 2026, we expect the Tellor price to be approximately $109.05 according to our price prediction model.
👉 Tellor Price Prediction 2027
Our TRB prediction indicates the token price will be in the vicinity of $134.54 in 2027.
👉 Tellor Price Prediction 2028
For 2028, we forecast the TRB price to be around $160.03 given current trends.
👉 Tellor Price Prediction 2029
Looking ahead to 2029, we estimate the Tellor price will settle around $185.52.
👉 Tellor Price Prediction 2030
Our TRB price prediction suggests a token price of about $182.67 by 2030 based on projected growth.
Tellor (TRB) Price Prediction For The Next 90 Days
Below we take a look at Tellor and examine some details as well as predictions to estimate a reasonable price for 2023, as well as for the upcoming years. It should be noted that while price predictions are based on data, and often are analyzed by AI, they should never be taken as financial advice or a solid basis for an investment. It is always highly recommended users do their own research into the projects whose tokens they wish to invest in.
Following the landmark approvals of Bitcoin ETFs earlier this year, there has been a surge in interest from both retail and institutional investors. This could be a game-change for crypto. With the regulatory landscape beginning to stabilize and provide clearer guidelines, the cryptocurrency market is poised for a transformative finish of the year. At least this is what crypto traders hope for. Bitcoin ETF approvals were done in early January, setting a positive tone for the market. Now, attention is turning towards post-halving rallies, with the BTC halving and ETH ETFs now well behind us. Ripple was also fined to pay $125 million to SEC based on the most recent ruling decision. This is considered as another victory for XRP. Bitcoin has almost tripled in price since last summer, with the upcoming US elections expected to further boost Bitcoin, Ethereum, and the broader crypto market. Bitcoin is trading around $60-63k now, after it hit a new ATH of $73k in March. Ethereum also had its own ETFs approved by SEC. The ETH price is currently around $2,400 and still has not broken its ATH from the 2021 bull run. Investors are hopeful this will happen soon. The majority of investors, traders, and crypto influencers are hopeful that the real crypto bull run will finally commence, bolstered by the recent ETF approvals and historical post-halving rallies. Some of the hottest sectors so far this year were memes, RWA and AI projects.
Below is a tabular overview of how will TRB develop in the short-term (for the next 90 days), according to our prediction model:
Fundamentals
Use case
TRB is used as a utility token in the Tellor ecosystem, but to understand the role it plays, one must understand how the platform itself works.
First, the data is queried, and those queries become PoW (proof-of-work), and they are set to be mined by the data providers. Afterwards, the PoW is transformed into data updates, and are placed on-chain in a readable data feed.
Now, in order for users to request specific data queries to be updated in the next block, they need to add a TRB tip, those tips are used as incentives for miners to choose a particular query. In addition to requests, all submitted data are subject to being disputed, provided the user opening the dispute holds the TRB token.
Tokenomics
The total supply of TRB is approximately 1,773,105 tokens, and there is no maximum supply determined. The token is based on a hybrid proof of work/proof of stake consensus mechanism that is fully decentralized
Team
Tellor was founded in early 2018 by Nicholas Fett, Brenda Loya and Micheal Zemrose, and grew, in the view of the founders, beyond just them, to a permissionless community of data providers, validators and token holders.
Originally working on Tellor as a tool for Daxia, upon realizing its potential, they decided to make it its own thing. Despite being designed for something else, due to the flexible nature of Oracles, it can not only stand out on its own, but can also keep on evolving with new features.
On Twitter, they post on an almost daily basis about general updates and every so often, tutorials. They also tweet about their latest community call videos that they upload on their YouTube channel, where they discuss relevant topics, news, and answer community questions posted on the Tellor Core Chat.
On Medium they post their updates in short 2-8 minute articles, and on Github they post the more technical side of their work.
A red flag to always watch out for from projects are overpromises, be it hyping token prices or promising more features than they deliver. In the case of Tellor, that is not the case; they seem to be focused on their work, and while they celebrate accomplishments and milestones, they don’t overhype.
Their branding is simple, without much going into logos and visuals, and their tone of voice is casual and up-to-date, with the occasional humorous language. On one hand it makes them more professional and work-oriented, on the other hand they may find difficulty attracting new and unfocused eyes.
Community
Their Twitter has ~34,200 followers at the time of writing, where their tweets consistently see over 50 likes, as well as a few comments and retweets, so activity can be described as moderate for an account this size.
Likewise, despite having only ~1.3k subscribers on YouTube, their videos fetch hundreds of views.
They have ~5,200 members on their Discord server and ~2,900 members on Telegram. Lastly, on Reddit they have ~1,800 members, where they post several times a day.
Overall, it has a rather small but relatively active community, which is understandable considering they’re not the flashiest of projects. On the upside, Tellor does a great job at engaging with its community, one example of that would be the Tellor Core Chat (where community members ask questions), and Tellor Community Call (where they answer them on YouTube).
Exchanges & Wallet Support
Currently there are ~27 exchanges that list Tellor, and far fewer wallets that support it, around 4 that are widely trusted and well-known.
Tellor [TRB] Price Prediction 2024
Our prediction model sees a temporary switch to a bear market at the beginning of 2023 before we move onto another leg up in Q3 & Q4 of 2023.
Market price prediction
Here are five price forecasts for Tellor (TRB) in 2024 and beyond, as predicted by various experts:
- BitScreener anticipates that TRB will fluctuate between $53.86 and $151.02 in 2024.
- CoinMarketCap projects that TRB will hit $81.32 by the close of 2023.
- CoinCodex estimates that in 2024, TRB will range between $107.68 and $321.57.
- Gov Capital predicts a value of $115.77 for TRB in 2024.
- DigitalCoinPrice foresees TRB starting 2024 at $307.81 and hovering around $378.48.
TRB Price Prediction 2025 – 2030 – 2040
Our prediction model sees TICKER faltering in 2025, dropping towards $0 per coin.
Tellor price in 2030 & 2040 could be close to zero as we don’t see a bright future for it in the distant future.
TRB Price Prediction – Summed Up
Given the obtained data above, we can expect a minor to moderate increase in TRB price. Pinpointing exact prices are impossible and prices are unpredictable, especially considering the differences in the percentages above.
Where & How To Buy TRB
TRB can be bought in ~27 exchanges, including Coinbase and Binance; the crypto buying process can differ from exchange to exchange, so here is a solid guideline to purchasing TRB:
- Select an exchange that supports TRB and check for KYC (account verification) requirements and available payment methods.
- Create an account on your preferred exchange.
- Purchase TRB with your preferred payment method.
Already have an account on an exchange that supports TRB?
- Purchase TRB with your preferred payment method.
Or
- Swap some of your tokens with TRB.
When buying or swapping tokens, some exchanges may have minimum amounts in place; usually these amounts are $10-$20 in the token’s equivalent. Additionally, most exchanges issue fees for purchases and swaps, these fees and their conditions differ from platform to platform, which is why it’s worth comparing them to minimize costs.
TRB Wallets
Some major exchanges offer wallets for the tokens they support. Having a wallet means having the ability to transfer the tokens to and from your account, and not just simply owning them exclusively on one exchange.
Here are some exchanges/wallets that offer a TRB wallet:
It is important to keep in mind that not every exchange offers users the private keys to their wallets, meaning that although the tokens still belong to the user, they are ultimately stored on the exchange. Furthermore, some exchanges may have minimum withdrawal amounts and withdrawal fees in place, and these fees differ from exchange to exchange. Deposit fees are extremely rare, as exchanges want to encourage users to store assets on their platform.
Summing It All Up
Oracles play an important role in the crypto world, as smart contracts need them to operate with the world outside their respective blockchains, and Tellor seems to have proven itself as a worthwhile choice.
It is not the only decentralized oracle network, and not the most popular one at that, and these can present themselves as challenges in the future. While the price predictors collectively forecast growths, these factors must be taken into consideration before jumping in and making an investment.
What Tellor will be worth in 2030?
Our forecasting model sees Tellor reaching $212.41 in 2030.
What Tellor will be worth in 2040?
Our forecasting model sees Tellor reaching $424.82 in 2040.
Will Tellor replace / surpass / overtake Bitcoin?
No, Tellor will not replace or overtake BTC.
Is Tellor worth buying?
We are advocates of moderately risky investing – invest most of your crypto portfolio in BTC (50%); 35% in a basket of big cap coins and the rest in small projects with huge upside. So, in this context, Tellor is worth buying.
Is Tellor a good investment?
Tellor is, just like all other cryptocurrencies, a risky investment. It does have higher probability of going up than down because of the good use case, well-designed tokenomics, active community and a solid team behind it.
How much will Tellor be worth?
For the short-term future, it could reach $33.99. In the long-term (8-10 years), it could jump to $212.41 or even higher.
Why will Tellor succeed and go up in price?
Tellor has a good use case, well-designed tokenomics, active community and a solid team behind it. All of these are a prerequisite for success and that is why our prediction model sees Tellor rising up to $212.41 in 2030.
Why will Tellor fail and drop in price?
Crypto projects fail for various reasons. Some of the most common ones are: team goes rogue and abandons the project, regulators declare it illegal and press exchanges to delist it, lack of media attention, more successful competitors, lack of well designed marketing strategy, losing community support, potential vulnerability in the protocol, failing to achieve anticipated minimum developement activity on the protocol, failing to attract new developers to build on their platform.
How high will Tellor go?
Our forecasting model sees Tellor price exploding and reaching $424.82 in a distant future.
What is the short-term prediction for Tellor?
Tellor will reach $33.99 in the next 90 days, which is a 37.6% change over the current price which hovers around $54.46.
Can Tellor make you a millionaire?
Yes, if you buy large enough sum of it. Do not expect to invest $100 and become a Tellor millionaire. But 100x price explosions are a common sight in crypto, so a $10k investment in Tellor could make you a millionaire.
Tellor Price Prediction Today - What will be the price of Tellor tomorrow?
Tellor will hover around $58.21 tomorrow.
Can Tellor explode?
No, Tellor price will not explode and record 5-10x pumps; but grow more modestly with an increase of 5.5% in the next year.
What will be the price of Tellor in 10 years?
Tellor price in 10 years will hover between $212.41 and $424.82.
Tellor Price Prediction 2023 - What will Tellor be worth in 2023?
Tellor will reach $62.02 in 2023, which is a 13.87% change over the current price.
Tellor Price Prediction 2024 - What will Tellor be worth in 2024?
Tellor will reach $73.19 in 2024, which is a 34.37% change over the current price.
Tellor Price Prediction 2026 - What will Tellor be worth in 2026?
Tellor will reach $109.05 in 2026, which is a 100.23% change over the current price.
Tellor Price Prediction 2027 - What will Tellor be worth in 2027?
Tellor will reach $134.54 in 2027, which is a 147.03% change over the current price.
Tellor Price Prediction 2028 - What will Tellor be worth in 2028?
Tellor will reach $160.03 in 2028, which is a 193.83% change over the current price.
Tellor Price Prediction 2029 - What will Tellor be worth in 2029?
Tellor will reach $185.52 in 2029, which is a 240.63% change over the current price.
Tellor Price Prediction 2050 - What will Tellor be worth in 2050?
Tellor will reach $649.13 in 2050, which is a 1091.84% change over the current price.
Can Tellor reach $100?
Yes, Tellor could reach $100 by the end of 2024.
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