In DeFi, protocols like Tellor crypto and Chainlink are critical in providing tamper-proof real-world data to otherwise blind smart contracts. While Chainlink is popular, several alternatives exist, and among them is Tellor crypto, which continues to build and enhance its decentralized oracle protocol as it integrates with more dapps.
Behind the Tellor Oracle is TLR crypto, a utility token. Bullish as it may be, looking at the TLR USD price action in the daily chart, Tellor crypto remains under immense selling pressure. For context, it is down 42% year-to-date and is still in the red from the last month of trading, dropping 5%.
(Source: TRB Coingecko)
The good news is that there is movement. After selling off in the last week of April, TLR USD bulls are back in the equation. The liquidation of August 25 is yet to be confirmed. For now, TLR USD, more like some of the best cryptos to buy, is moving inside a narrow range with caps at $36 and $31. If Tellor crypto buyers are to take over, there must be a high volume close above $36 and $40, paving the way for a retest of $50 and later $100 in a buy trend continuation formation.
(Source: TRB USDT, TradingView)
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Will TLR USD Lift Off To $100? Tellor Crypto Mainnet Upgrade Can Drive Demand
Tellor crypto candlestick arrangements might offer where TLR USD prices could tick in the next sessions. However, what could accelerate the expected
Tellor
1.14%
Tellor
TRB
Price
$13.81
1.14% /24h
Volume in 24h
$6.02M
Price 7d
lift-off above $40 is tied directly to ecosystem developments.
Today, Tellor will upgrade its mainnet and introduce several key enhancements. As with every upgrade, the goal is to improve efficiency and scalability and enhance user experience.
(Source: WeAreTellor on X)
Changes will be made to their Prometheus Endpoints to better monitor individual price sources, increase transparency, and allow users to track the origins and reliability of data feeds.
Additionally, Tellor developers will introduce a new query reporter selection mechanism, providing insights into the address and size of selections delegated to individual reporters. These changes will make Tellor more attractive to data reporters, strengthening its decentralized reporting mechanism.
Overall, this upgrade will reinforce Tellor’s core value proposition of being secure, decentralized, and permissionless, powering dApps across the board.
Tellor will also handle more data requests, which is critical as DeFi continues to grow. According to DefiLlama, DeFi protocols manage over $150 billion, with Ethereum, where Tellor primarily operates, remaining a go-to network for DeFi developers.
(Source: DefiLlama)
On X, analysts are bullish and expect the TRB price to edge higher in the next few sessions. In a post, one analyst said the TRB USD uptrend remains, and if there is a breakout above the current bull flag, clear in the weekly chart, TRB crypto could rally.
(Source: Pure8Nature on X)
Often, a bull flag forms in a general uptrend. If immediate support levels are not broken, asset prices tend to rally, allowing traders to accumulate at better prices when inside the bull flag.
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Is PepeNode Also Ready For Explosive Gains?
The Tellor upgrade will solidify its position in the crypto oracle space, possibly benefiting TRB USD. However, analysts expect a broader market contagion, with some of the hottest crypto presales likely to rally.
One such project, PepeNode, is emerging as a unique contender.
PepeNode is building an Ethereum-based mine-to-earn platform for meme coins. It aims to disrupt traditional crypto mining by offering an entertaining, gamified experience with hardwareless mining.
By eliminating the need for expensive, energy-intensive hardware, PepeNode allows users to purchase digital nodes and build virtual server rooms. Users can upgrade their facilities while earning PEPENODE rewards.
PepeNode uses a layered system where top miners receive bonuses in blue-chip meme coins, including PEPE. Additionally, 70% of PEPENODE spent on node purchases and upgrades is burned, enhancing scarcity.
Nearly $600,000 has been raised in the ongoing PepeNode presale. What’s more? PEPENODE holders can stake and receive a 2,913% APY.
Visit PEPENODE PRESALEDISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in 2025
Tellor Crypto Upgrade, PepeNode Presale Raises Nearly $600K
- Tellor crypto is a Chainlink competitor in the Oracle space
- Tellor crypto to update its mainnet today
- Will TRX USD explode towards $100?
- PepeNode presale raises nearly $600,000
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