Crypto

Buy or sell? Trending cryptocurrency makes 200% gains in a week

Published

2 years ago

May 8, 2024

Buy or sell? Trending cryptocurrency makes 200% gains in a week

Tellor (TRB) has made impressive gains in a week, up 200% month-to-date and trending in social platforms. Finbold turned to cryptocurrency indicators, looking for insights on whether this could be a buy or sell signal for TRB.

Tellor is a $355 million Oracle network and a direct competitor to Chainlink (LINK) in relaying off-chain data to cryptocurrencies. Notably, LINK has a $8.5 billion market cap – which is 24 times higher than this trending cryptocurrency.

Tellor (TRB) price analysis

TRB trades at $141.72, with 198.6% gains from a local bottom of $42.73 reached on May 1. Following this surge, technical indicators show bullish momentum, which investors could see as both a buy and sell signal.

In particular, the daily relative strength index (RSI) shows a staggering 81.78 overbought status, which often signals trend reversals. Moreover, the token trades nearly two times above the 30-day exponential moving average (30-EMA), currently making support at $76.48 after a breakout on May 2.

TRB/USD daily price chart, RSI, and 30-EMA. Source: TradingView / Finbold

Similar to the technical analysis, social indicators suggest a bullish momentum for Tellor, which could soon cause a trend reversal. On that note, Finbold gathered data from Santiment, showing TRB as the second-most trending cryptocurrency dominating the market’s social metrics.

The platform’s AI summary highlights price action, increased whale activity, and “VIP interest” as the reasons why Tellor is trending.

TRB trending data and summary. Source: *Santiment* / Finbold

Interestingly, as the price surged, social volume and social dominance reached monthly highs of 15 and 0.1%. This evidences the cryptocurrency trending momentum, but peaking social metrics for low-cap cryptocurrencies often signal local tops and reversals.

TRB trending data and summary. Source: *Santiment* / Finbold (Vini Barbosa @ *Sanbase Pro*)

However, if the momentum continues, Tellor could see further growth, seeking higher capitalization as the protocol competes for demand and market share in a multi-billionaire market of Oracle solutions.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

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Crypto

Crypto Tax Pressure Reaches Congress as Lawmakers Face Urgent Push to Rewrite Federal Rules

Published

6 hours ago

December 17, 2025

Press Room

Lawmakers are confronting rising pressure to modernize cryptocurrency tax policy as uncertainty clouds compliance, threatens U.S. competitiveness, and forces Congress to weigh legislative action amid warnings that capital and innovation could move offshore.

Crypto

Cryptocurrency becomes trendy holiday gift option

Published

18 hours ago

December 16, 2025

Press Room

Cryptocurrency becomes trendy holiday gift option

PHOENIX (AZFamily) — Cryptocurrency is appearing on more holiday wish lists as gift-givers look for alternatives to traditional presents.

A new survey from the National Cryptocurrency Association and PayPal shows 24% of Americans have given or are considering giving cryptocurrency this holiday season.

The survey also found that 17% of consumers would rather receive cryptocurrency than a gift card, and 31% of Americans believe crypto gifts are less likely to go unused than gift cards.

“It’s actually a trending holiday gift, especially compared to gift cards,” said Ali Tager, a spokesperson for the NCA. “We know crypto is becoming increasingly mainstream.”

Tager said people like receiving cryptocurrency because it has the potential to increase in value.

“There’s so much you can do with this technology and it’s still in its early days,” she said.

Financial advisor Angelica Prescod said there are other investment options to consider for gift-giving.

“One of them is just gifting people something simple. Maybe some shares of some stocks that you may already have, that you are gifting over, or you can give them the cash to do so and open up their own account and feel involved in the process,” Prescod said. “For most folks [cryptocurrency] is not really the go to.”

Gift-givers can also contribute to 529 plans for college and other education expenses.

“It’s that gift that potentially can keep on giving,” Prescod said.

For those still interested in giving cryptocurrency, experts recommend doing research first.

“Like with everything, anywhere, you always want to do your research. You want to make sure to verify your sources. You never want to take financial advice from strangers or click on random links that you receive,” Tager said.

The National Cryptocurrency Association offers a crypto simulator that helps users learn how to choose an exchange, set up a wallet, and send and receive cryptocurrency without spending real money.

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Crypto

Visa Targets Banks and Fintechs With Stablecoin Advisory Launch as Adoption Pressure Tightens

Published

1 day ago

December 16, 2025

Press Room

Visa Targets Banks and Fintechs With Stablecoin Advisory Launch as Adoption Pressure Tightens

Visa is moving deeper into stablecoin-powered payments as adoption surges, launching a new advisory practice to help banks, fintechs, and enterprises design, assess, and deploy stablecoin strategies across global payment and treasury operations.