Tellor (TRB) has attracted investors’ attention this week after racing up the cryptocurrency top gainers’ chart to hit a new 2023 peak of $35. On-chain analysis uncovers the key drivers behind the ongoing Trellor (TRB) price rally and how long it could last. 

Tellor (TRB) is a decentralized oracle protocol that provides blockchain infrastructure to integrate valuable off-chain data into on-chain smart contracts. This month, TRB’s price has rallied 134% to hit $35 on Thursday, Sept 14.  

Why is Tellor Token Price Rallying? 

Conspicuously, the Tellor (TRB) token price accelerated after global payments platform SWIFT Network, announced the completion of dress rehearsals to leverage Chainlink’s (LINK) oracle infrastructure to bring Tokenized TradFi and Real World Assets to the blockchain. 

Early clues from on-chain data trends show that short-term speculators drive the TRB price rally. But can they HODL long enough to rival Chainlink and other big players in the decentralized oracles sector?

Short-Term Price Speculators are Currently Driving the
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Author: Ibrahim Ajibade

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