AI altcoins rally is just a hype or sustainable?
Coinbase research reports that the value potential of many AI tokens has been exaggerated, and many AI tokens may lack sustainable demand-side drivers in the short to medium term, with price surges reflecting more hype than actual use!
first of all why they have no idea and report on meme coins? at least these ai coins are solid project and solve a problem and second what is the real value of any coin in bull market?
now lets see what is this project about, the Graph is a decentralized and open source indexing protocol for querying data across blockchains, enabling the creation of fully decentralized applications. It stands out by providing efficient and reliable access to blockchain data, helping developers build more sophisticated and user-friendly dApps.
GRT, the native token of the graph network, is riding an aggressive rally evidenced by the five consecutive green candles in the weekly chart. From the $0.15 support, the coin price rallied 150% to hit $0.4 also uplifting the altcoin market cap to $3.7 Billion.
for holders who has a long vision they can see 1$ and for traders and short term investors next targets are 0.49 , 0.52 and 0.67$ . there is no reason for fomo, the bull market is just get started and its time to enjoy it