Bridge Oracle has seen a volume increase of 45% over the past 24 hours as traders look to buy cryptocurrency.
Bridge oracle system is a project that “claims the first ever dedicated public oracle technology on the TRON network.” according to information on Coinmarketcap.
Unfortunately, the website for this project does not appear to be active, however despite this the cryptocurrency has seen some positive price action as its price has risen to $0.008176, resulting in a price increase of 124% in the past 24 hours, according to data from Coinmarketcap at the time of writing.
Built using Tron, the project was launched in September 2020 and has seen an all time high of $0.486758 about four months ago. This represents a price decline of almost 100%, so traders could look to make these gains if they feel the current price will one day return to previous all time highs.
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What makes Bridge Oracle an alluring buy to some traders right now?
Bridge Oracle, despite its apparent developer inactivity could be worth a buy for those looking to sell quickly afterwards to time their move with large investors, or whales.
Due to the increase in trading volume, which has caused the price boost, there could be opportunity for further gains or for those that feel shorting will be a better way to create trading opportunities for themselves.