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GRT/BTC - The Graph: Resistance_Breakout_Confirmation◳◱ An impressive Resistance Breakout and Confirmation has been detected on the JSE:GRT / CRYPTOCAP:BTC chart. The price has surged above a key resistance level, accompanied by a compelling candle pattern, thereby signifying a promising bullish trend. Notable resistance levels can be pinpointed at 0.00000437 | 0.00000492 | 0.00000577, while substantial support zones are identifiable at 0.00000352 | 0.00000322 | 0.00000237. It is highly recommended to seize this opportunity by entering a trade within the present price range of 0.00000386 and setting sights on higher levels of profitability. ◰◲ General info : ▣ Name: The Graph ▣ Rank: 42 ▣ Exchanges: Binance, Huobipro, Bittrex, Kraken, Hitbtc ▣ Category/Sector: Infrastructure - Data Management ▣ Overview: The Graph is a protocol for indexing and querying data from blockchains, starting with Ethereum. Developers build applications with open APIs called subgraphs to easily access on-chain data that is indexed by a network of node operators. Subgraphs are open source so anyone can use the APIs to build decentralized applications. Many Ethereum applications have already built subgraphs and use them today including: Audius, Uniswap, Opyn, ENS, DAOstack, Synthetix, Moloch and more. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.00000386 ₿ ▣ 24HVol: 3.114 ₿ ▣ 24H Chng: 2.387% ▣ 7-Days Chng: 1.60% ▣ 1-Month Chng: 19.41% ▣ 3-Months Chng: -27.30% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.00000437 | 0.00000492 | 0.00000577 ◢ Support: 0.00000352 | 0.00000322 | 0.00000237 ◱◳ Indicators recommendation : ▣ Oscillators: BUY ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : STRONG_BUY ◲◰ Sharpe Ratios : ▣ Last 30D: 2.58 ▣ Last 90D: -1.01 ▣ Last 1-Y: 0.77 ▣ Last 3-Y: 0.78 ◲◰ Volatility : ▣ Last 30D: 0.87 ▣ Last 90D: 0.78 ▣ Last 1-Y: 1.17 ▣ Last 3-Y: 1.74 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.59 - Bullish ▣ Reddit sentiment score is 0.46 - Bearish ▣ In-depth GRTBTC technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
GRT/BTC - The Graph: Resistance_Breakout_Confirmation◳◱ A Resistance Breakout and Confirmation has been detected on the JSE:GRT / CRYPTOCAP:BTC chart. The price has broken above a key resistance level and has been confirmed by a strong candle, indicating a potential bullish trend. The next resistance key levels are located at 0.00000453 | 0.00000466 | 0.00000491, and the major support zones can be found at 0.00000428 | 0.00000416 | 0.00000391. Consider entering a trade at the current price zone of 0.00000464 and targeting higher levels. ◰◲ General info : ▣ Name: The Graph ▣ Rank: 42 ▣ Exchanges: Binance, Huobipro, Bittrex, Kraken, Hitbtc ▣ Category/Sector: Infrastructure - Data Management ▣ Overview: The Graph is a protocol for indexing and querying data from blockchains, starting with Ethereum. Developers build applications with open APIs called subgraphs to easily access on-chain data that is indexed by a network of node operators. Subgraphs are open source so anyone can use the APIs to build decentralized applications. Many Ethereum applications have already built subgraphs and use them today including: Audius, Uniswap, Opyn, ENS, DAOstack, Synthetix, Moloch and more. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.00000464 ₿ ▣ 24HVol: 14.670 ₿ ▣ 24H Chng: 6.178% ▣ 7-Days Chng: 6.39% ▣ 1-Month Chng: -9.80% ▣ 3-Months Chng: -17.33% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.00000453 | 0.00000466 | 0.00000491 ◢ Support: 0.00000428 | 0.00000416 | 0.00000391 ◱◳ Indicators recommendation : ▣ Oscillators: SELL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: -1.58 ▣ Last 90D: -0.73 ▣ Last 1-Y: 0.45 ▣ Last 3-Y: 0.75 ◲◰ Volatility : ▣ Last 30D: 0.63 ▣ Last 90D: 0.84 ▣ Last 1-Y: 1.19 ▣ Last 3-Y: 1.77 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.59 - Bullish ▣ Reddit sentiment score is 0.40 - Bearish ▣ In-depth GRTBTC technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
#GRTUSDT looks prime for 60% Rally!Welcome to this quick GRT/USDT analysis. I have tried my best to bring the best possible outcome in this chart. Hello members welcome to GRT/USDT 12hr chart update by CRYPTOSANDERS As we can see from the above-mentioned chart that GRT/USDT created the head and shoulder pattern and broke the neckline and retested so in the current scenario we are expecting that get will go up all the way to $0.69000 means almost 60%. So if it moves to the green zone again then it will be the zone to go long on GRT/USDT entry:-$0.46330,$0.49780 target:-50% to 60% stop-loss:-$0.42240 with leverage 5x to 10x Sorry for my English it is not my native language. Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Do hit the like button if you like it and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
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.
GLong
by GRAWDAYTRADER
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