$TRB
Yes, TRB (Tellor) has previously achieved a price above $250, particularly at the end of 2023, when it suddenly surged significantly.
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When and why did this happen?
TRB touched $250 or more for a brief period.
The main reasons for this:
Low supply (there are only about 2 million TRB tokens)
Speculation in the market
Short squeeze, meaning when traders have to close their positions at a loss, causing the price to go up.
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Can TRB reach $250 again?
Certainly, nothing can be said for sure, but here are some positive and negative aspects:
Positive aspects (the price could increase):
The total supply of TRB is low
Its use as a decentralized oracle
If there is a bull run in the overall crypto market, TRB could also go up
Risks (the price may not increase):
The price of TRB is very volatile
Its popularity is lower compared to oracle projects like Chainlink
Previous spikes (like $250) occurred under specific conditions, and they do not happen repeatedly
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If you are considering buying:
Buy in small amounts, do not invest all your capital at once
Adopt Dollar Cost Averaging (DCA): make small purchases over time
Set a Stop Loss to avoid losses
Keep an eye on Bitcoin's movements, TRB often follows the major coins
