Cryptoanalysis firm Santiment says whales are showing significant interest in a hot Ethereum (ETH)-based Chainlink (LINK) rival.
The native asset of the Tellor decentralized oracle protocol (TRB) registered 51 unique transactions over $100,000 on Monday, a new all-time high.
TRB is trading at $91.66 at the time of writing, up from $9.83 two months ago, a staggering increase of over 832%. However, despite the huge gains, the asset remains more than 43% below its all-time high of $161.12, which it reached in May 2021.
Santiment also notes that TRB’s unique active addresses and newly created addresses are increasing.
“Tellor price is now up ~+750% since July, and whales are showing more interest than ever as new addresses continue to arrive. TRB is now the 192nd market cap asset (and rising) as it leads the altcoin charge here. in October.”
Source: Santimento /
Furthermore, the analysis firm grades That LINK, blockchain scaling solution Polygon (MATIC), layer 1 blockchain Aptos (APT), and lending platform Aave (AAVE) are witnessing their “best-performing decouplings” of the year.
“Unlike Bitcoin’s two previous brief visits to $30,000, this latest break of the resistance level to end the weekend came as altcoins rose, rather than lagged behind BTC price.”
LINK, the #14 crypto asset by market capitalization, is trading at $10.31 at the time of writing. MATIC, ranked 13th, is worth $0.625. APT, ranked 35th, is currently changing hands at $6.23. AAVE, ranked 41st, is trading at $83.31.
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source: dailyhodl.com