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GRTUSDTPERP

GRT (The Graph) Analysis 11/03/2021Fundamentals: The Graph is an indexing protocol for querying data for networks like Ethereum and IPFS, powering many applications in both DeFi and the broader Web3 ecosystem. Anyone can build and publish open APIs, called subgraphs, that applications can query using GraphQL to retrieve blockchain data. There is a hosted service in production that makes it easy for developers to get started building on The Graph and the decentralized network will be launching later this year. The Graph currently supports indexing data from Ethereum, IPFS and POA, with more networks coming soon. To date, over 3,000 subgraphs have been deployed by thousands of developers, for DApps like Uniswap, Synthetix, Aragon, AAVE, Gnosis, Balancer, Livepeer, DAOstack, Decentraland and many others. The Graph usage has been growing at over 50% MoM and hit over 7 billion queries during the month of September 2020. The Graph has a global community, including over 200 Indexer Nodes in the testnet and more than 2,000 Curators in the Curator Program as of October 2020. To fund network development, The Graph raised funds from community members, strategic VCs and influential individuals in the blockchain community including Coinbase Ventures, DCG, Framework, ParaFi Capital, CoinFund, DTC, Multicoin, Reciprocal Ventures, SPC, Tally Capital and others. The Graph Foundation also successfully completed a public GRT Sale with participation from 99 countries (not including the U.S.). To date as of November 2020, The Graph has raised ~$25M. the Graph is working to bring reliable decentralized public infrastructure to the mainstream market. To ensure economic security of The Graph Network and the integrity of data being queried, participants use Graph Token (GRT). GRT is a work token that is locked-up by Indexers, Curators and Delegators in order to provide indexing and curating services to the network. GRT will be an ERC-20 token on the Ethereum blockchain, used to allocate resources in the network. Active Indexers, Curators and Delegators can earn income from the network proportional to the amount of work they perform and their GRT stake. Indexers earn indexing rewards (new issuance) and query fees, while Curators earn a portion of query fees for the subgraphs they signal on. Delegators earn a portion of income earned by the Indexer they delegate to. Technical Analysis: as we can see the price has done the Accumulation phase and currently consolidating after an impulsive wave. we have defined 3 Targets by Fibonacci Projection, which is the projection of the past rally. the 3 TP gets its Confirmation if the 2 TP gets Triggered by another impulsive wave followed by some price correction and price retracement.
Long
by BitonGroup
6
GRT has the fundamentals, will price follow?GRT is being called the "Google Of Blockchains" by some and while I understand its protocol use/function, Im more impressed seeing its current usage/integration in the most top used and fee generating protocols... similar to LINK's oracle, I think GRT might have a role as a pillar protocol in the greater DeFi/crypto ecosystem... regarding GRT/USD, we are looking at some price consolidation after breaking the previous 80 cent resistance and making an all time high at $2.89/GRT I will continue to watch the price action and manage around any technical breakdown in BTCUSD price or GRT/BTC ratio but regardless of short term price moves, I'm leaning bullish if we continue seeing The Graph protocol integration, adoption, and dependance into DeFi/greater crypto. I don't have any specific short term price targets, but I did chart a possible parabolic path... will update as the price decides its direction, but if you want to learn more about The Graph and GRT, I linked a Finematics youtube video that does a great job of explaining the importance, usage, and potential of the protocol hope that helps, cheers! The GRAPH - Google Of Blockchains? GRT Token Explained youtu.be
COINBASE:GRTUSDLong
by youknowram
2
GRT 12h Made +600% will it grow more or is it time to fall?Less than a month has passed since the publication of the previous idea on GRTUSDT , and the price made x6 Let's figure out how it happened. In the previous idea, we expected a 30% correction in the GRT price, received -25%, and the GRTUSD price began to turn upward. The goal of the idea was x2-x3. And when the price of GRTUSDT reached there, it was too late to stop growth) Growth continued without stopping along at the levels upwards, as a result, +600% in 3 weeks, congratulations to those who earned!) Growth is manipulative, without volumes - this is bad , when a reversal will occur, it is difficult to say with certainty. It is felt that the price drop is close. Although lumbago up to $3.30 should not be excluded from the scenarios. Nevertheless, in the future, the price of GRTUSDT will be pulled towards itself by the liquidity zone of $0.84-0.95. Do not forget to take your profit from the market on time. _______________________________ Since 2016, we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
by P_S_trade
26
GRTUSDT (Descending Channel Pattern)#GRTUSDT ( 4H chart) Technical Analysis Update Descending channel GRT/USDT currently trading at $0.375 Long Entry-level: Above $0.385 (only enter long after 4 h candle closes above the resistance level at $0.385) STOP LOSS: Below $0.310 Resistance level 1 (Target 1): $0.50 Resistance level 2 (Target 2): $0.60 Max leverage: 3X ALWAYS KEEP STOP LOSS.. Follow our Tradingview Account for more Technical Analysis Update, | Like, Share and Comment your thoughts.
Long
by GreenCryptoTrades
4