The Graph ($GRT) Crypto Forecast: Down 15.3% Today

What is The Graph?

The Graph (GRT) is a cryptocurrency token that powers The Graph Network, allowing users to query and index data from blockchain networks efficiently. The overall cryptocurrency market has been volatile today, with significant price movements across various digital assets.

Why is The Graph going down?

GRT crypto is down 15.3% on Dec 10, 2024 5:42

• The bearish movement in GRT today could be attributed to the overall market sentiment following a flash crash in Bitcoin, causing $710 million in crypto long liquidations. Investors might have panicked and sold off their positions in GRT amidst the market uncertainty.
• Long-term Bitcoin holders selling at a 326% profit could have also influenced the market, leading to a shift in capital from altcoins like GRT back to Bitcoin, impacting its price negatively.
• The combination of profit-taking by Bitcoin holders and the cascading effect of the flash crash on other cryptocurrencies could have created a domino effect, contributing to the bearish movement in GRT today.

GRT Price Chart

GRT Technical Analysis

GRT News

Bitcoin HODLing Rewards: Long-Term Holders Selling At 326% Profit

Bitcoin HODLing Rewards: Long-Term Holders Selling At 326% Profit

https://www.newsbtc.com/bitcoin-news/bitcoin-hodling-long-term-holders-selling-profit/

Bitcoin Flash Crash Causes $710 Million In Crypto Long Liquidations

Bitcoin Flash Crash Causes $710 Million In Crypto Long Liquidations

https://www.newsbtc.com/bitcoin-news/bitcoin-flash-crash-710-crypto-long-liquidations/

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The Graph Price History

29.10.2024 - GRT Crypto was up 7.5%

• Ethereum open interest reaching a new record and the anticipation of significant price movements could have positively impacted the overall cryptocurrency market sentiment.
• The launch of GRC-20 and other AI advancements in the crypto space may have increased interest and investment in GRT specifically.
• The positive outlook for Bitcoin, with predictions of reaching $100,000, could have created a bullish ripple effect across the entire cryptocurrency market, benefiting tokens like GRT.
• Chainlink's potential to reach a new all-time high if certain barriers are broken might have contributed to the overall positive sentiment in the crypto market, boosting GRT's performance as well.

25.10.2024 - GRT Crypto was down 5.7%

• The bearish movement in GRT could be attributed to the overall market sentiment following speculation about Bitcoin potentially reaching $100,000 and concerns about its rally potentially ending due to overheating.
• The introduction of GRC-20 by The Graph might have been overshadowed amidst negative sentiments surrounding Bitcoin and the broader cryptocurrency market.
• The inactive supply of Bitcoin despite its price surge could have raised concerns among investors about the sustainability of the current market upturn.
• The market might be responding to an increase in stablecoins on exchanges, hinting at a shift in investor sentiment towards more secure assets, possibly prompting a sell-off in riskier cryptocurrencies such as GRT.

26.10.2024 - GRT Crypto was down 6.3%

• The bearish movement of The Graph (GRT) today could be attributed to profit-taking by investors after a period of bullish momentum.
• The launch of GRC-20 by The Graph and other developments in the AI for crypto space may have failed to generate enough excitement to sustain the bullish trend.
• The overall market sentiment, as indicated by the potential for Chainlink to reach a new all-time high and the continued influx of stablecoin exchanges into Bitcoin, suggests that investors may be rotating their funds into other cryptocurrencies, leading to the bearish movement in GRT.
• The inactive supply of Bitcoin despite its significant price jump indicates that some investors may be holding onto their positions rather than actively trading, potentially impacting the trading volume and price movements of other cryptocurrencies like GRT.

03.11.2024 - GRT Crypto was up 5.2%

• The introduction of the Web3 Standard GRC-20 to enhance DApps interoperability could have positively impacted GRT, as it indicates potential for increased utility and adoption within the decentralized application ecosystem.
• The optimistic outlook on Ethereum, with open interest setting a new record and expectations of fireworks, may have created a positive sentiment across the broader cryptocurrency market, benefiting GRT as well.
• The possibility of Chainlink reaching a new all-time high if a certain barrier breaks could have contributed to the overall bullish sentiment in the market, indirectly lifting GRT along with other cryptocurrencies.
• Despite the Dogecoin TD sell signal going off, the belief in a continued parabolic bull run could have instilled confidence in the cryptocurrency market as a whole, including GRT.

10.11.2024 - GRT Crypto was down 15.3%

• The bearish movement in GRT today could be attributed to the overall market sentiment following a flash crash in Bitcoin, causing $710 million in crypto long liquidations. Investors might have panicked and sold off their positions in GRT amidst the market uncertainty.
• Long-term Bitcoin holders selling at a 326% profit could have also influenced the market, leading to a shift in capital from altcoins like GRT back to Bitcoin, impacting its price negatively.
• The combination of profit-taking by Bitcoin holders and the cascading effect of the flash crash on other cryptocurrencies could have created a domino effect, contributing to the bearish movement in GRT today.

07.11.2024 - GRT Crypto was down 5.0%

• The bearish movement in GRT could be attributed to the overall negative sentiment in the cryptocurrency market following the flash crash in Bitcoin, leading to $710 million in long liquidations.
• Investors might have panicked and sold off their positions in GRT due to the uncertainty and fear triggered by the sudden drop in Bitcoin's price.
• The interconnected nature of the cryptocurrency market means that significant events like a flash crash in Bitcoin can have ripple effects on other tokens like GRT, causing widespread selling pressure and driving prices lower.

25.10.2024 - GRT Crypto was up 6.1%

• The bullish movement of GRT could be attributed to the introduction of the new GRC-20 standard, simplifying Web3 data and potentially increasing its utility and adoption.
• The integration of LayerZero by Aethir in DePin and the launch of an ecosystem accelerator by an industry player could have also contributed to positive sentiment around blockchain projects, benefiting tokens like GRT.
• Despite concerns about Bitcoin being in an overheated MVRV zone and inactive supply, the overall positive developments in the blockchain space seem to have overshadowed these worries, leading to a bullish trend for GRT.

29.10.2024 - GRT Crypto was up 5.2%

• The bullish movement of GRT could be attributed to the positive sentiment in the overall cryptocurrency market.
• The launch of GRC-20 by The Graph might have generated excitement and interest among investors, contributing to the bullish movement.
• The anticipation of Chainlink reaching a new all-time high if a specific barrier breaks could have created a positive ripple effect on other cryptocurrencies like GRT.
• The news of rapid stablecoin exchange inflows continuing for Bitcoin, along with the optimistic outlook for Dogecoin, Ethereum, and Chainlink, could have instilled confidence in investors, leading to the bullish movement of GRT.

30.10.2024 - GRT Crypto was up 6.7%

• The introduction of the Web3 Standard GRC-20 to enhance DApps interoperability could have increased interest and utility in blockchain projects like The Graph, leading to a bullish movement.
• The positive sentiment around Dogecoin's potential bull run despite a TD sell signal might have influenced overall market optimism, benefiting tokens like GRT.
• Ethereum's record open interest and the anticipation of fireworks in the market could have created a bullish atmosphere, positively impacting GRT as well.
• Chainlink's potential new all-time high if a specific barrier breaks might have fueled bullish sentiments across the cryptocurrency market, benefiting tokens like GRT.

23.10.2024 - GRT Crypto was up 17.6%

• The introduction of GRC-20, a new standard by The Graph to simplify Web3 data, could enhance the token's utility and appeal to investors, potentially driving a bullish movement in GRT.
• Positive sentiment in the cryptocurrency market, highlighted by Bitcoin's price surge despite a large portion of its supply being inactive for two years, may have also influenced the bullish movement in GRT.
• Bitcoin's overheated MVRV zone, suggesting a possible end to its rally, might have prompted some investors to diversify into altcoins like GRT for potentially higher returns.
• The fundamental development of a new data standard by The Graph likely overshadowed short-term market fluctuations, maintaining the bullish momentum in GRT despite potential speculative interest in Shiba Inu.

22.10.2024 - GRT Crypto was down 5.5%

• The introduction of the GRC-20 data standard by The Graph could have led to increased uncertainty and volatility in the GRT market, as investors may be unsure about the implications of this new standard on the token's utility and value.
• The bullish sentiment around Shiba Inu and other AI crypto tokens ahead of Nvidia earnings may have diverted attention and investment away from GRT, contributing to its bearish movement.
• The breakout above $0.20 followed by discussions on whether GRT could reach $0.3292 might have set unrealistic expectations, leading to profit-taking and a subsequent bearish trend in the market.

22.10.2024 - GRT Crypto was up 5.9%

• The introduction of GRC-20, a new standard by The Graph, has likely sparked positive sentiment among investors, showcasing the project's commitment to simplifying Web3 data and enhancing its ecosystem.
• The overall bullish movement in the cryptocurrency market, as indicated by Bitcoin's overheated MVRV zone, could have also contributed to the upward trend in GRT's price.
• The anticipation of a potential surge in Shiba Inu might have created a positive ripple effect across the broader cryptocurrency market, benefiting tokens like GRT.
• The mention of AI crypto tokens to buy ahead of Nvidia earnings could have increased interest in tech-related cryptocurrencies, including GRT, leading to increased buying pressure and a bullish movement in its price.