- The Graph ($GRT) is trading at $0.20 with a market cap of $1.94 billion, recovering from recent price swings and showing signs of stability.
- Analysts predict short-term resistance at $0.3197 and $0.4093, with a long-term price target of $1.0320 if momentum continues.
- Positive market sentiment is driven by the launch of Geo Genesis, a Web3 knowledge-sharing platform, boosting $GRT’s position in the decentralized ecosystem.
The Graph
The Graph ($GRT) is a decentralized protocol designed to index and query data from blockchains, supporting a variety of decentralized applications.
Price Movements
$GRT, currently priced at $0.2 with a market cap of $1.94 billion, has seen notable price swings in 2024. The token peaked at $0.45 in March before retracing to $0.13 during a bear market. Last month, $GRT surged to $0.35 but has since returned to its current levels.
Credit: CoinGecko
Price Predictions
$GRT briefly dipped below the $0.20 support but quickly regained its footing, now hovering above it. Analysts forecast a short-term rally, with resistance targets at $0.3197 and $0.4093. If momentum builds, $GRT could continue its upward trajectory, aiming for a long-term target of $1.0320.
Market Sentiment and Developments
Market sentiment surrounding The Graph ($GRT) is trending positively, driven by recent developments. This includes the launch of Geo Genesis, a decentralized knowledge-sharing platform for Web3. Geo Genesis enables anyone, regardless of technical expertise, to create and manage “Spaces”—collaborative hubs for organizing, sharing, and governing knowledge. This innovative step has sparked renewed interest in The Graph, strengthening its position in the Web3 ecosystem and fueling optimism for future growth.
Future Outlook
Looking ahead, The Graph’s ongoing ecosystem advancements and growing market adoption position it for continued growth, with the potential to achieve new milestones in the coming months.
