{"id":430039,"date":"2023-08-15T14:13:40","date_gmt":"2023-08-15T14:13:40","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=430039"},"modified":"2023-08-15T14:13:40","modified_gmt":"2023-08-15T14:13:40","slug":"the-graph-coin-grt-set-to-rival-ethereum-with-75-appreciation-predicted","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/the-graph-coin-grt-set-to-rival-ethereum-with-75-appreciation-predicted","title":{"rendered":"The Graph Coin: GRT Set to Rival Ethereum with 75% Appreciation Predicted"},"content":{"rendered":"

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.<\/span><\/p>\n

Even though its price movements today seem slightly bearish, some experts anticipate growth of 75% over its rival token, Ethereum. <\/span>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.<\/span><\/p>\n

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

Also, a favorable market sentiment, with a robust buying presence, could help the asset maintain the upward trend.<\/span><\/p>\n

The Graph Coin Deals with More Selloffs from Participants<\/h2>\n

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.<\/span><\/p>\n

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.<\/span><\/p>\n

Graph Price Prediction Based On Technical Indicators<\/h3>\n

\"The<\/p>\n

Graph token has shown weakness earlier today, creating a new red candle on the daily price chart. <\/span>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.<\/span><\/p>\n

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.<\/span><\/p>\n

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.<\/span><\/p>\n

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

Factors That Could Control The Graph Price<\/h3>\n

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

Besides this achievement, substantial financial support from prominent venture capital firms underscores the team’s capability to sustain The Graph Network’s advancement.<\/span><\/p>\n

While the prospects are appealing, it’s vital to acknowledge the inherent risks associated with investing in digital assets. <\/span>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.<\/span><\/p>\n

The Graph Alternative – Chimpzee<\/h3>\n

Chimpzee introduces an innovative concept that combines financial opportunities with a proactive commitment to environmental preservation and animal welfare.<\/span><\/p>\n

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.<\/span><\/p>\n

\n

🙌 Embrace #Chimpzee<\/a> for a Greener World!🌳<\/p>\n

🛍️Engage in shopping, trading, playing, and NFT ownership to back our cause while earning!💰<\/p>\n

Seize the opportunity of up to 100% Bonus – Buy your $CHMPZ<\/a> now!🚀
https:\/\/t.co\/Geog3EVuMC<\/a>
#GreenCrypto<\/a> #EcoCrypto<\/a> #CryptoCommunity<\/a> pic.twitter.com\/baTQ8z0lbG<\/a><\/p>\n

— Official Chimpzee Project (@RealChimpzee) August 15, 2023<\/a><\/p><\/blockquote>\n