GRT 12h The correction is still down, but there are growth prosp

19 янв. 2021 г.

The Graph (GRT) is a protocol for organizing blockchain data and making it easily accessible. It runs many of the most used applications in DeFi and the broader Web3 ecosystem today.

In fact, The Graph demonstrates the indexing of information data from Ethereum, POA and IPFS. There are over 2000 subgraphs in total for Balancer, Synthetix, Uniswap, Aragon, Livepeer, Gnosis, DAOstack, Decentraland, AAVE.
What Google does for search, The Graph does for blockchains.

Currently, the hosted service, The Graph, processes nearly 5 billion monthly requests for applications such as Uniswap, CoinGecko, and Synthetix for data such as token prices, past trading volumes and liquidity. However, The Graph's mission is not to run a hosted service all the time, but to eliminate the possibility of API, servers, and databases becoming the only points of failure and control.

But we are going to trade here, and not disassemble the technical part of the projects, right?)

Let's go through the levels.
Most likely in the coming days the GRTUSDT price will fall to the level of $0.37. If there is a sharp rebound from this level, then with a high degree of probability it will be possible to fix profit on the long in the range of $1.05-1.10.

If the GRTUSD price smoothly falls and there is no rapid rebound from $0.37, then the price will fall lower to $0.31, and the consolidation itself will drag on. If you look at the chart, it is in the zone of $0.31-0.37 that the greatest accumulation of the token took place.

The most pessimistic scenario at the moment, reducing the value of the GRT token to $0.22.
Although, the open interest in the project from the Binance exchange inspires hope for the best.
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