a Counter (TRB), an oracle sector cryptocurrency, is attracting the attention of the community due to its appreciation. In the last 60 days, TRB has posted a gain of 1,100% as it went from $10 to $119.
In short, the entire market is excited about the possible adoption of spot Bitcoin ETFs in the US. However, some cryptocurrencies stand out from the rest because they gain extra momentum.
Last week, giant Ripple (XRP) was one of the first to stand up with its victory against the SEC in court. Then, Bitcoin Satoshi Vision (BSV) appreciated 40% after listing on Binance, followed by a 32% jump in Solana (SOL).
Unknown cryptocurrency aims for top 100 after 1,100% appreciation
According to the project team itself, Tellor is “a transparent and open way for smart contracts to get all the data when they need it”. In other words, it is a decentralized oracle protocol.
The main rivals are Chain link (LINK) It is Band Protocol (BAND), two cryptocurrencies that have also seen a big rise. Currently, LINK is the 12th largest cryptocurrency in the industry and one of the most respected projects.
“The Tellor price has increased by +750% since July”Santiment wrote, before TRB even reached $100. “Whales are showing more interest than ever as new addresses keep appearing.”
“TRB ranks 192nd by market cap (and rising) as it leads the altcoin race in October.”
📈 #NarratorThe price is now up ~+750% since July, and whales are showing more interest than ever before as new addresses continue to flow in. $TRB is now the No. 192 market cap (and rising) while leading in market cap #altcoin charge here in October. https://t.co/xZCnAs2jce pic.twitter.com/rdSni2BzYl
— Santiment (@santimentfeed) October 23, 2023
Since Santiment’s tweet, Trello has risen from 192nd to 104th on CoinMarketCap, surpassing even Band Protocol (BAND), as its market cap reached the $280 million mark.
Bitcoin Dominance Reaches 52%
While some cryptocurrencies are showing strong gains, data from CoinMarketCap shows Bitcoin’s dominance is increasing. In other words, those positioned solely in Bitcoin have an advantage over those holding a basket of cryptocurrencies.
For Michaël van de Poppe, this metric is extremely important to understand when the altcoin season starts. In a recent video, the analyst argued that smaller cryptocurrencies could be at their lows, ready to rise, as happened in the last halving.
Finally, with so many cryptocurrencies on the market, it is difficult to take advantage of all the opportunities on offer. For some, Bitcoin will do, but more daring investors can take advantage of this moment to capitalize on lesser-known projects.
Source: Live Coins
Barry Siefert is an accomplished journalist and author at The Nation View. He is known for his expertise in the field of cryptocurrency, and has written extensively on the topic. With a background in finance and economics, Barry has a deep understanding of the underlying technology and market forces that drive the crypto industry.
