Tellor ($TRB) has recently demonstrated notable price action, signaling heightened buyer engagement and the potential for new highs. The cryptocurrency surged above $80, reaching an impressive $165.

However, a sudden decline took place on December 20, as TRB’s price sharply dropped from over $160 to $125. This decline triggered a TRB contract liquidation totaling $6.646 million, primarily concentrated on OKX.

On December 20, the price of TRB once soared to more than $185, and then fell sharply to $125. Within this hour, the TRB contract liquidation reached $6.646 million, mainly concentrated in OKX. https://t.co/YQ6p9AZeYG pic.twitter.com/xTTTWWbPr7

— Wu Blockchain (@WuBlockchain) December 21, 2023

$TRB Continues Rising, 20% Gain Today

Remarkably, $TRB has undergone a remarkable recovery, exhibiting a 20% price gain today and currently trading at $158. This recovery brings the token close to its previous high established just yesterday.

Following this swift rebound, Tellor maintains a return on investment (ROI) above 12,000%. Its market capitalization, which experienced a dip to the lows of $300 million, has also undergone a sharp recovery and currently stands at $403 million.

The resilience displayed by Tellor amidst recent market fluctuations underscores the robustness of its community and the positive sentiment surrounding the project. Investors and enthusiasts will be closely watching Tellor’s performance as it continues to navigate the dynamic cryptocurrency landscape, with expectations riding high on its potential for sustained growth and stability.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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Filed under: Bitcoin - @ December 21, 2023 8:54 pm