GRT (The Graph) forecast for 2024 year

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GRT (The Graph) forecast

Fundamental analysis and news from GRT (The Graph)
Greetings. My name is Victor and today I will be looking at fundamental analysis and news on GRT (The Graph). The Graph is often referred to as the “Google for blockchains” because of its ability to index and query data from blockchains, allowing for efficient decentralised applications. This makes it an important part of the cryptocurrency ecosystem.

The Graph project ranks 40th in terms of capitalisation on CoinMarketCap, with a market cap of $2.8 billion. The main idea of the project is to provide quick access to important information from blockchains, which allows for the creation of more efficient and decentralised applications. The official website of the project provides detailed information about its functionality and the latest news.

This month, The Graph has made several significant steps towards improving its platform, including new indexers, joint launches with Polygon, and additional funding. This helps to strengthen the project’s position in the blockchain market. In addition, it is important to follow the project’s news on social media, such as X (formerly Twitter), to keep up with the latest developments.

GRT (The Graph) technical analytics

On the monthly timeframe, we can see that GRT experienced a significant rise in 2021 before dropping to the middle zone. Over the past few months, the rate has been in the lower zone, which indicates the possibility of significant growth if it returns to previous highs. If the project continues to develop and attract the attention of the community, this could lead to a price increase.

On the weekly chart, we see that the GRT rate is in the zone of maximum activity. Indicators show the possibility of 2-3x growth in the short term. Those who bought GRT at lower prices are already in profit. If the rate continues to rise, we may see it reach the $1 price level.

On the daily chart, the indicators show the possibility of further growth. The buy buttons on the indicators indicate the potential for further upward movement. However, the stochastic and CCI show an overbought zone, which could lead to a short-term decline.

Bitcoin forecast, BTC (Bitcoin)

For bitcoin, we see stability with the possibility of further growth. On the daily chart, the rate fluctuates between 66 and 69, which indicates stability with the possibility of further upward movement. Indicators show that the European and US markets can support further growth in the bitcoin rate.

On the daily chart, we can see that the bitcoin rate has been steadily breaking off the lower levels, which indicates strong support. If the current growth phase continues, we may see new highs in the near future. This creates favourable conditions for investors considering entering the market.

GRT (The Graph)

The GRT (The Graph) token has significant growth potential due to its unique functionality and the support of a strong community. Fundamental analysis shows that the project is actively developing, introducing new technologies and expanding its capabilities. Technical analysis indicates that the price is likely to rise significantly in the short term, although short-term fluctuations are possible.

As for bitcoin, current indicators point to stability with the possibility of further growth. European and US markets may support the rate, which creates favourable conditions for investors. Thank you for your attention! If you liked this video, please like, share with your friends, and subscribe to my CryptoViktor channel for the latest cryptocurrency forecasts and analysis in Ukrainian. Write your thoughts in the comments section to help other viewers make informed investment decisions. See you soon!
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