The Graph Coin: GRT Set to Rival Ethereum with 75% Appreciation Predicted

Updated: 15 August 2023

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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Over the past three days, The Graph’s price has slightly increased. It surged past the $0.1060 mark, peaking at $0.1062 on August 12. As of August 14, Graph made additional upticks, bringing it to a high of $0.1104.

Even though its price movements today seem slightly bearish, some experts anticipate growth of 75% over its rival token, Ethereum. But while the token has projected more positives than negatives, it’s worth noting that a significant decline occurred on July 4 following a notable price surge.

Despite its price growth in the past few days, GRT failed to regain the peak price of $0.1431 on July 3. So, sustaining the August 12 to 14 bullish trajectory hinges on the solidity of the support levels around its price.

Also, a favorable market sentiment, with a robust buying presence, could help the asset maintain the upward trend.

The Graph Coin Deals with More Selloffs from Participants

Although Graph’s price appears to be dipping over the last 24 hours, it remains green in the past week, sustaining growth of 1.46%, while dropping 0.73% in the past 24 hours.

As of 05:15 am EST, it trades at $0.1076, supported by its growing trading volume of over $49 million, reflecting a gain above 5% within 24 hours.

Graph Price Prediction Based On Technical Indicators

Graph token has shown weakness earlier today, creating a new red candle on the daily price chart. However, it is regaining strength as buyers gradually take over the market. This gradual pace is evident in the RSI’s balanced figure of 46.71.

Meanwhile, there are some obstructions to noble price growth for the token today, particularly from the 50-day and 200-day Moving Averages that form resistance levels above its price now.

But sellers may struggle to control Graph’s price, given that the token just bounced off a support level at $0.1041. The buyers’ dominance in the market is also seen from the MACD line standing slightly above the signal line.

From this setup, Graph could initiate a bullish move to higher levels irrespective of the bearish obstacles to its upward trend. Nonetheless, traders and investors should remain cautious as this prediction might be subject to fluctuations due to sudden market news and updates.

Factors That Could Control The Graph Price

GRT is a crucial tool for decentralized application development by providing easy access and indexing of blockchain data. Prominent blockchain platforms like Aave, Uniswap, and Compound have integrated The Graph Network, indicating a positive outlook for future demand.

Besides this achievement, substantial financial support from prominent venture capital firms underscores the team’s capability to sustain The Graph Network’s advancement.

While the prospects are appealing, it’s vital to acknowledge the inherent risks associated with investing in digital assets. The value of GRT is notably speculative and susceptible to abrupt market fluctuations. However, GRT remains poised for growth with these events in the plan.

The Graph Alternative – Chimpzee

Chimpzee introduces an innovative concept that combines financial opportunities with a proactive commitment to environmental preservation and animal welfare.

The Chimpzee coin, CHMZ, is currently offered at $0.00085. The project is progressing through its ninth phase, with only three days remaining before the subsequent price increase.

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— Official Chimpzee Project (@RealChimpzee) August 15, 2023

During this period, an impressive total of over 1.9 billion CHMPZ tokens have already been sold, with the project’s tokenomics featuring an attractive design. This design encompasses charitable initiatives, community incentives, and product enhancement allocations.

Additionally, the Chimpzee framework offers a range of NFT passports, opening doors to increased income and exclusive access to specialized features unique to the Chimpzee community.

These passports are categorized into four tiers: Diamond, Gold, Silver, and Bronze, strategically aimed at stimulating active participation and enthusiasm among users.

The project presents three distinct avenues for revenue generation. NFT Marketplace – A trading space that translates into earnings, Chimpzee Shop – A platform facilitating profits through shopping, including its interactive Play-to-Win rounds of the Zero Tolerance Game.

With continuous progress and each milestone of 200,000, Chimpzee plans to burn a billion tokens, causing an increase in the value of $CHMPZ tokens.

Supporting this move is an extra opportunity to acquire FREE $CHMPZ tokens, enabling buyers to increase their earnings further. Interested investors should rush now and grab as many tokens as possible at this stage nine before it grows in the next step.