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GRT - BUY_x_33 The Graph (The Google of Blockchain) - Web_3.0The coin has huge potential. Will be the new Web 3.0. I’m expecting coin to be $1 by 2022y . And potentially $30+ next end year! The whole community says so! 🎯BUY=1.0850 🎯BUY=0.8550 stop = 1-3% ✅FUNDAMENTAL:✅ Why Web 3.0 Tokens Might Be the Next Hot Trade in Cryptocurrencies Digital assets like livepeer, helium and bittorent have soared in value this year despite the recent slump in cryptocurrencies. By Omkar Godbole Aug 5, 2021 at 12:41 a.m. Updated Aug 24, 2021 at 10:01 p.m. With bitcoin ( BTC , 2.52%) prices stuck in a months-long holding pattern, some cryptocurrency traders are speculating on what might be the next hot market bet: digital assets associated with visions of a decentralized Internet, referred to colloquially as Web 3.0 tokens. Data tracked by Messari and published by Arca Chief Investment Officer Jeff Dorman shows the cryptocurrency sub-sector of "Web 3.0 tokens" gained 22% in the week ended Aug. 1, outshining bitcoin and every other sub-sector, including non-fungible tokens (NFTs). Bitcoin , the largest cryptocurrency by market value, rallied 10%. On a year-to-date basis, tokens associated with decentralized Internet applications have seen an average 244% rise, trailing the NFT sub-sector's 2,726% gain but beating bitcoin's 37% appreciation. Crypto performance Some of the most prominent Web 3.0 coins, such as livepeer (🎯LPT), helium (🎯HNT), and bittorrent (🎯BTT, -2.23%) ( BTT ), are up at least 800% this year, despite a slump in cryptocurrency markets since April, according to Messari. "Seeing the Web 3.0 ecosystem grow exponentially since the beginning of the year and keep the majority of their gains after the capitulation even in May is very positive for the crypto market," Nick Mancini, a research analyst for Trade The Chain, told CoinDesk. "Higher prices are directly linked to increased demand and expansion of services in each layer, and because of this, the ecosystem is able to continue its growth." Web 3.0 refers to a paradigm shift for the Internet run by network participants worldwide and defined by a set of open, trust-minimized and decentralized networks and protocols offering services such as computing, storage, bandwidth, finance and identity. For instance, the Ethereum-based Livepeer protocol offers a marketplace for video infrastructure providers and streaming applications, while Filecoin and The Graph provide decentralized file storage and data management networks. Helium uses blockchains and tokens to incentivize consumers and small businesses to provide and validate wireless coverage and transfer device data over the network. Messari's tracker shows the Web 3.0 tokens sub-sector, which includes over 40 coins, has a total market valuation of $25 billion, excluding oracle provider Chainlink. (The oracle provider is widely associated with decentralized finance and has a market cap of $10 billion). However, just considering prominent projects like The Graph, Filecoin, Helium and Livepeer, the market capitalization of Web 3.0 tokens tallies less than $15 billion. That's just 2% of bitcoin's total market capitalization of $735 billion. But it's similar to the size of the decentralized finance (DeFi) space a year ago. Messari data shows the DeFi subsector now includes 137 assets and is worth over $50 billion. Awaiting Mainstream Attention While the Web 3.0 tokens have outperformed bitcoin and other major coins by a big margin this year, the sector is yet to witness the euphoria or mainstream attention that Bitcoin , Ethereum , DeFi, NFT, and even Ethereum layer 2 projects have received since October 2020. That’s probably because the underlying technology is relatively complex. “Web 3 is not quite as easy as DeFi is to understand, and it's probably 12 months behind DeFi in terms of mainstream awareness,” Kyle Samani, co-founder and managing partner at Multicoin Capital, said. “We expect this to change as consumer-facing applications based on NFTs, social tokens and creator monetization grow over the next 12 months such as Audius, Mirror, and many others.” The DeFi boom began a year ago and has remained intact to date. That sector's market cap has grown from roughly $5 billion in early 2020 to over $50 billion at press time. Samani is confident that Web 3.0 tokens will play catch up as DeFi sometimes gets a bad rep; however, there is no negativity associated yet with the idea of a decentralized internet. Recently, Commodity Futures Trading Commission (CFTC) Commissioner Dan Berkovitz said that DeFi derivatives might be illegal in the U.S. "No one really says that The Graph, an indexing protocol for querying networks like Ethereum and Solana and IPFS, is bad, whereas a lot of people in the existing financial system say that DeFi is bad,” Samani said. "So as the awareness of Web 3 grows, it's hard to see anything but general support and enthusiasm." Institutions Chip In While mainstream adoption is still at least a year away, deep-pocketed investors are pouring money into Web 3.0 tokens. Multicoin Capital is invested in The Graph, Helium, and Livepeer, according to the official website. Grayscale, the world's largest digital assets manager and preferred venue for institutional investors to gain exposure to digital assets, launched a livepeer trust in March. Rayhaneh Sharif-Askary, director of investor relations at Grayscale Investments, told CoinDesk last month that investors are diversifying into Web 3.0 tokens. "It's diversification within the asset class, whether investors want exposure to bitcoin as a store of value, Ethereum for smart contracts," Sharif-Askary said. "And then the other applications beyond that are building upon those networks, and solving other real-world problems," she said, adding that Grayscale's Livepeer trust is structurally identical to the landmark Grayscale Bitcoin Trust ( GBTC ) (Grayscale is a unit of Digital Currency Group, an investment holding company that is also the parent of CoinDesk.) Livepeer's LPT token is up 1,050% this year. The protocol's weekly revenue surged 10-fold to over $10,000 in the February-to-June period, according to data provided by Web3Index. Doug Petkanics, CEO and co-founder at Livepeer, told CoinDesk that online streaming is a $70 billion market and accounts for 80% of the Internet traffic today. Further, the market is set to grow from $70 billion to $250 billion in the next five years, according to analysts' projections, Petkanics said. The prospects for The Graph, and Ocean Protocol are also looking bright , as Messari’s second quarter review said. Aside from the strong use case, many of these Web 3.0 tokens offer attractive yields via Staked, a platform that allows investors to earn yield from staking and DeFi without taking custody of their crypto assets. For instance, Helium's HNT token currently offers an annualized 8.7% nominal yield, while The Graph's the graph ( GRT , 0.40%) offers a 15% yield and LPT offers 30% returns. The high returns led to positive sentiment for these tokens, as reflected in the below sentiment chart. "Traders have been feeling bullish in regard to them, which fuels a network effect," Mancini said. "Traders profit and stake, and, in turn, tell others about the outsized opportunity." The Graph sentiment chart Crypto Market Is Much More Than Bitcoin The days of investors considering crypto markets synonymous with bitcoin are passé. While bitcoin remains the top cryptocurrency by market value, the recent underperformance relative to other coins suggests investors are diving deeper into digital-asset markets to find investments with faster growth potential. "One-week data may not mean much, but if we look over three months, six months, and 12 months, there's a clear shift away from bitcoin into other sub-sectors, Web 3.0 being one of them," Arca’s Jeff Dorman said in a Telegram call. Per Arca's research note published earlier this week, bitcoin has had "both poor up-capture and poor down-capture" this year. In plain English, bitcoin struggled to outperform other major coins during the market-wide downturn observed after mid-April but also underwhelmed as the market recovered in the past couple of weeks. According to Dorman, the data shows that some new investors are bypassing bitcoin and ethereum (ETH, 0.50%) and going directly into other industry sub-sectors. Historically, investors have used the top two coins as gateways.
BINANCEUS:GRTUSDLong
by GRAWDAYTRADER
5
TheGraph Yes but Waiti was surprised by the weakness of one this big project while BTC was correcting. No impulse, No rage, No Surprise. Stayed in perpetual weak downtrend for now. ------------------------------------------------------------------------------------------------------------------------------------------ - So i will give a trading simple way : - Should wait GRT break his Downtrend and pass 1$ to invest in. - TP1 : 2$ - TP2 : 3.5$ - TP3 : 4.8$ - The new GRT Bottom should be around 0.45$ but have to be prudent in cryptos. - In Any of this cases if BTC makes a fast Dip (BearTrap), i suggest you to keep some Cash to get GRT around 0.2$. ------------------------------------------------------------------------------------------------------------------------------------------ Stay Safe Happy Tr4Ding !
KRAKEN:GRTUSDLong
by thecryer
23
GRT Primed for a big run!!?The graph has been under performing recently even though i still remain long term bullish on this great project, we could be ready for a big run coming soon if we can take out a couple key levels. First being the first pivot point we directly are on as of right now, it would be very ideal for GRT to jump above and secure this level for our daily close, next will be the previous pivot point which is above and to the left of our first one, i think we will continue to face resistance here so getting above on the first attempt may not happen, the most ideal level we need to get above before we can really say we are in an uptrend again is the 0.2 FIB level, we haven't been above this level since late May. Looking at the bollinger bands we actually are looking bullish, price action is starting to cling onto the top band which as you guys know can induce a very nice big run to the upside, if i had to guess on where we could land if this plays out, i would say atleast the first level of resistance (R1). Looking at the MACD we are in bull territory but we need to keep pushing upwards to see our blue MA keep separating away from the orange or we risk having a bearish cross, our histogram seems to be really flattening out with our green bars staying the same or getting less, so looking at that i think we might be in for a bearish cross soon but there is a chance we could get a bounce aswell, definitely need to see some momentum and volume for GRT if we are going to keep pushing up. Not financial advice just my opinion!
COINBASE:GRTUSD
by JacobR905
GRT - 12h. Critical point for buyers - $0.6One of the hottest crypto project s, which already at the beginning of 2021 showed an increase of more than 1000% in a month, has now fallen out of popularity. With a total trading volume of $221,718,128, the GRTUSDT market is far from top positions at the moment. However, we are well aware of how quickly things can change in the cryptocurrency market. Therefore, our task is to keep our finger on the pulse and wait for the right moment for profitable speculation. A significant deterioration in the situation on the GRTUSD market took place after buyers lost control over the range of $1.3-1.4. Consolidation, which continued from February to May, broke down, hitting the mark of $0.5 . In our previous global idea, which we published on February 12, we expected the beginning of a correction. The price went down, but it is interesting that now buyers are fixing above the range, in which we expected the fall to stop. Thus, we assume that the impulse of the fall, which began in mid-May, ends and a rebound awaits us with the first target of $1.3 However, the question arises - where to buy this low-risk cryptocurrency? If we look at the 12 hour timeframe , we can see that buyers are now trying to take control of the $ 0.75- $ 0.8 mark: So far, we see that the trading volumes have increased and buyers still lack a retest of the range of $0.6 . If a local wave of a fall to this range is at low volumes, it will be a good signal to buy this coin. Aggressive red candles and increased trading volumes with a local fall wave will continue to move the price in the black channel. In this case, sellers can count on the test of $0.32-0.35 . At the moment, this is an alternative scenario for us. _______________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade
34
GRT-12h. Ambiguous situation and the likelihood of growth to 3.5For almost a month and a half, the GRT market is undergoing a correction of the previous powerful growth wave. In the range of $1.3-1.35 , buyers organized a liquid zone, from which the GRT price has already bounced twice. However, starting from February 24, trading volumes fell sharply and we cannot say with certainty that there is a strong buyer in this price zone. At the moment, buyers are trying to break through the local downward trend. The price is at the upper trendline, from which it has rebounded twice already. Now the situation is not very predictable and it is worth waiting for either a confident breakdown of $1.86 , or a rebound in the GRT price from the upper trend line of the channel. If buyers manage to test $2.15 and then hold the range of $ 1.65-1.7, we will expect a renewal of the historical maximum and a test of the mark of $ 3.5. However, do not forget about the alternative scenario . If buyers within this attack fail to break through the upper trend line of the falling channel, a triangle with a flat bottom will form on the chart: In this case, we will expect a breakdown of this triangle downward with a probable final target of $0.8. If this scenario starts to be implemented, we will make a new idea, since $ 0.8 is the most negative goal that can be within this scenario. ___________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade
28
GRT Looking great keeping an eye for key daily close!The graph is showing lots of life the past couple days and currently is looking great sitting in the 0.3 FIB level. Im looking for a very key daily close in aprx. 1 hour from now above the 0.3 we are currently at. In my mind this shows lots of strength and momentum to keep going up.The stoch RSI and the RSI are both looking great pointing up and the MACD is actually showing some real signs off flipping to bullish! GRT has been among the top market leaders the past couple days and i think we definitely can keep it up. Remember if BTC keeps showing some strength and heading up almost all the market will aswell. NFA just my opinion!
COINBASE:GRTUSDLong
by JacobR905
3
Crucial Level For GRT to hold!GRT has been dumping for awhile now but i do believe some of this is due to market conditions as of right now, we are looking to hold the 0 FIB for the second day in a row and i think we definitely can. we have lots of room for a runup to the 0.2 FIB ultimately creating new support on the way up. If we do breakthrough the zero fib and drop we are looking at weak supports at the 1.06$ mark and 0.87$ (USD) i think we are going to really count on BTC reversing in the short term to start seeing some upwards action. we see our Stoch Rsi is just going sideways in the oversold zone. I expect April is going to be a lot better for the markets as March is one of the most "bearish" months. Not financial advice just my opinion!
COINBASE:GRTUSD
by JacobR905
3
GRT getting ready for a big move!GRT has been trying to regain our long term resistance level but has been getting rejected multiple times, but i think grt is loading up for a big move we see the bollinger bands starting to squeeze and the stoch RSI has flipped as of right now to bullish and looking to explode out of the oversold zone. Aswell our wave trend oscillator is looking like we could see a reversal soon! definitely going to watching this one! we could see a really nice breakout here after recent downside and accumulation! NFA just my opinion
COINBASE:GRTUSDLong
by JacobR905
15
If GRT closes below this level expect good buy opportunitiesGRT has broken below "long" term resistance and currently the 0.2 FIB level. If we do see a close below the 0.2 today we could expect to see a dip, the ichimoku cloud has begun to turn downwards and our stoch RSI is actually oversold so it'll be interesting to see what the close will look like. potentially could get bought up quickly to shoot the price above the 0.2 fib but is probably unlikely but who knows! Either way we will see a very sweet buying opportunity or continue on the accumulation track! not financial advice just my opinion
COINBASE:GRTUSD
by JacobR905
GRT due for a big moveGRT has gone through a cool off correction after hitting its ATH in beginning of Feb. we have been seeing recent pushes up in our candles and then coming backdown throughout the days, I am looking for a golden cross on the MACD hinting at upcoming big movement for grt, also tomorrow i think we could see price come back up as our Stoch RSI is coming back up from the oversold zone. Ema ribbons slightly up but for the most part pointing sideways. I expect us to see some nice movement in GRT soon. Worst case if we do break into the 0.2 FIB which the bulls have so far been holding we could see a little more of a drop somewhere in the 0.2 level, i think this is the more unlikely scenario but if it does happen i will be buying the dip! Not financial advice just my opinion.
COINBASE:GRTUSDLong
by JacobR905
3