GRTPERP
GRT close to breakout - 85% gain ahead?Well hellooooo - its been long a time (we shouldn't have left ya)
GRT is in a great posture for a classic ALT coin breakout. Its has now cooled off after a major breakout some time ago - and with everything going on in the market and bitcoin's signaling more upside GRT shows promise. Its silence before the storm. And the storm is near - this trade can have MASSIVE upside with little risk (8:1)
Targets 3.5 USD with a crazy 85% gain.
DYOR
Best
^^
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
The Graph (GRT) • Consolidation range waiting confirmation The Graph is an indexing protocol for querying data on Ethereum.
Currently sitting on #33 on CMarketcap this token seems to be doing some consolidation after significant pullback. In the video I talk through some possible scenarios and why I think it s still bullish.