TL;DR
- The Graph (GRT) has experienced a 20% increase in its price in the last session, standing out among the top cryptocurrencies.
- The growing interest in artificial intelligence (AI) in the crypto market has driven interest in projects like GRT.
- Strategic collaborations with major industry players, such as Coinbase and AAVE, have increased visibility and demand for GRT.
During the last session, The Graph (GRT) has seen a significant price increase. Surpassing 20%, reaching a value of $0.2627 and standing out even among the top cryptocurrencies. This surge coincides with a growing interest in the field of artificial intelligence (AI) within the crypto market, generating greater interest in projects like GRT.
The Graph is a project that facilitates decentralized access to blockchain data. Its decentralized indexing protocol offers a simplified way to access critical data, essential for AI development and analysis. This unique approach has led to increased demand for its network in recent months. Contributing to the increase in the value of its cryptocurrency, GRT.
In addition to the growing interest in AI, the recent increase is also attributed to a series of driving factors. Strategic collaborations with major industry players, such as Coinbase and AAVE, have significantly contributed to the increased visibility and demand for GRT. These partnerships have expanded The Graph’s reach and demonstrated its potential for real-world applications, generating greater interest from investors.
The Graph Will Continue Improving its Infrastructure, Analysts Predict That the Bullish Trend Will Continue Advancing in the Short Term
The announcement of improvements to the network infrastructure has also supported the recent increase in the price of GRT. The introduction of new subgraphs and a new Indexer has strengthened investor confidence in the project.
As for future prospects, analysts predict an upward trend for GRT. The growing demand for decentralized data solutions and The Graph’s solid foundation are expected to further boost GRT’s price in the coming months and years. Additionally, technical analysis suggests that GRT/USD is in an uptrend on the daily chart, indicating possible continued price appreciation in the short term.
