The Graph Price Surge: What You Need to Know
If youโve been following cryptocurrency trends, you may have noticed that The Graph Price surged by 24% in the last 24 hours and 62% in a week. As of 5 a.m., it was trading at $0.2662. The trading volume also skyrocketed by more than 103% to $562.5 million.
The GRT price surge coincides with the increasing interest in AI projects. The Graph helps developers simplify their data and assists AI developers in analyzing and handling large amounts of data using subgraphs.
The Graph Price Prognosis ๐
In the last seven days, The Graph saw a substantial price surge, a continuation of a recovery that started back in mid-October. However, such sharp price changes often see equally sharp corrections, unless certain events or overwhelmingly positive market sentiment continue to push it further up, or at least allow it to stabilize where it is now.
- The token has hit a major barrier at $0.28, but the support at $0.26 is still holding.
- Several technical indicators suggest that The Graph could see a correction very soon
- If the bulls maintain the buying pressure, the token could breach the resistance at $0.28 and potentially head back to $0.30 โ a level not seen in almost two years.
Promising Alternative to The Graph ๐ฐ
Another promising token is offering a 10% discount to the market price. This meme coin project with a dragon theme could bring even greater profits to its holders as the Chinese New Year of the Dragon kicks off.
- Investors can stake the token to earn about 42% per annum and qualify for a massive upcoming airdrop.
- The projectโs platform says that this will be โthe greatest Solana airdrop of all time.โ
- The Smog token can be obtained in exchange for ETH and USDT, or purchased with a credit or debit card directly.
Hot Take on The Graph and Smog ๐
Considering the recent surge in The Graphโs price and the promising alternative with the Smog token, the coming days could be filled with excitement and potentially substantial gains for crypto enthusiasts interested in these projects. Keep an eye on both tokens as the market continues to evolve and adjust your strategy accordingly.
Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies. Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.