HomeNewscoinquora.comThe Graph Token Price Rises as It Lists on New Exchanges

The Graph Token Price Rises as It Lists on New Exchanges

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  • The Graph (GRT) Token price has soared to over 119% recently.
  • GRT may list to more crypto exchanges.
  • This may also be the result of The Graph recently launching its mainnet.

The Graph token (GRT) is one of the digital assets that has rocked the crypto world in the past months. Furthermore, to expand its services in the crypto world, it has partnered with famous crypto exchanges. To mention a few, these are Coinbase, Kucoin, OKEx, Binance, and Kraken.

As a result, the GRT price has surged significantly within a couple of days. Also, the recent mainnet launch of the crypto has played a big role in the crypto price surge. With these achievements, we can say that GRT is residing with bulls.

In terms of technology, GRT is a decentralized open-source protocol purposely for blockchain-related services in the crypto space. GRT functions as the native currency within the Graph ecosystem.

In addition, by using the Graph, developers will be able to do research and publish data specifically for decentralized applications (DApps). With the Graph, users can easily search Ethereum data by answering a few queries.

GRT Price Analysis 2021

The Graph Token Price Rises as It Lists on New
GRT ALMA and RSI (Source: TradingView)

Based on the graph above, GRT continues to rally its price along with the bulls. As a result, investors globally are now closely monitoring GRT. Recently, GRT is trading at a high price of $.79 per crypto with a 300-day increase rate of +119.7%.

If this bullish trend goes on, GRT might surpass its resistance level of $.88. If it does, GRT will create a new all-time-high record and might reach the bullish price of $1.

Meanwhile, the relative strength index (RSI) of the crypto is already at an overbought state. In other words, the crypto might trigger a major price reversal anytime soon. Therefore, traders are advised to trade with caution to prevent unexpected loss.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.  



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