Tellor, a decentralized oracle network, surpassed expectations by doubling its market value in early May. Starting at $143.32 million on April 30th, Tellor's market worth impressively rose to $247.81 million by May 7th. This significant growth was accompanied by increased cryptocurrency whale activity and transactions, indicating a surge in investor interest and potential profitability.

The blockchain analytics platform Santiment reported a rise in TRB transactions and active addresses, with 212 active addresses and 16 whale transactions exceeding $100,000 on May 6th. This increase in activity contrasts sharply with the previous day, May 1st, which saw only 131 active addresses and no significant whale transactions. Despite this, cryptocurrency analysts remain positive about TRB's price trajectory, with Senior Analyst Javon Marks emphasizing Tellor's market strength and predicting a possible 315% return and a movement above $261.

Supporting this positive outlook are technical patterns showing the formation of higher lows in price movements and lower lows in the momentum oscillator, indicating a continued upward trend for TRB. As of the latest updates, Tellor is trading at $95.78, up 4.7% in the last 24 hours and reflecting a total price increase of over 70% in the past week. Market experts predict that this strong upward trend may continue for Tellor.