The Graph ($GRT) Crypto Forecast: Down 5.0% Today

What is The Graph?

GRT (The Graph) is a decentralized protocol that enables querying data from blockchains. The overall cryptocurrency market has been volatile today, with some assets experiencing bearish movements.

Why is The Graph going down?

GRT crypto is down 5.0% on Dec 22, 2024 2:16

• The bearish movement in GRT could be attributed to the overall negative sentiment in the cryptocurrency market today.
• The rise in bearish sentiment for GRT might have been influenced by profit-taking from investors after a recent price surge.
• Despite the expansion of a crypto product suite to support 30 digital assets, GRT did not seem to benefit from this positive news, indicating specific factors affecting GRT's price movement.
• The focus on XRP and Ethereum might have diverted attention away from GRT, leading to a lack of buying interest and contributing to the bearish movement.

GRT Price Chart

GRT Technical Analysis

GRT News

XRP Could Be The Altcoin To Recover Quickly, CryptoQuant Analyst Explains Why

XRP Could Be The Altcoin To Recover Quickly, CryptoQuant Analyst Explains Why

https://www.newsbtc.com/xrp-news/xrp-altcoin-recover-cryptoquant-analyst-why/

Ethereum On-Chain Demand Should Sustain ETH Above $4,000, IntoTheBlock Says

Ethereum On-Chain Demand Should Sustain ETH Above $4,000, IntoTheBlock Says

https://www.newsbtc.com/news/ethereum/ethereum-on-chain-sustain-eth-4000-intotheblock/

GRASS Price Sheds 15% Amid Rising Bearish Sentiment

GRASS Price Sheds 15% Amid Rising Bearish Sentiment

https://beincrypto.com/grass-price-drops-bearish-signals/

Grayscale Expands Crypto Product Suite To Support 30 Digital Assets

Grayscale Expands Crypto Product Suite To Support 30 Digital Assets

https://www.binance.com/en/square/post/12-16-2024-grayscale-expands-crypto-product-suite-to-support-30-digital-assets-17648767948985?utm_source=BinanceNewsRSS

Trending Today

Ondo ($ONDO) Crypto Forecast: Down 9.4% Today

Aave ($AAVE) Crypto Forecast: Down 8.3% Today

Decentraland ($MANA) Crypto Forecast: Down 6.8% Today

Floki ($FLOKI) Crypto Forecast: Down 8.3% Today

Cardano ($ADA) Crypto Forecast: Down 8.6% Today

Arbitrum ($ARB) Crypto Forecast: Down 9.1% Today

Stellar ($XLM) Crypto Forecast: Down 7.0% Today

crypto.com ($CRO) Crypto Forecast: Down 7.0% Today

Sui ($SUI) Crypto Forecast: Down 6.8% Today

XRP ($XRP) Crypto Forecast: Down 5.4% Today

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.

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.

17.11.2024 - GRT Crypto was down 5.0%

• The bearish movement of GRT today could be due to profit-taking by investors after a recent bullish run.
• The expansion of a crypto product suite to support 30 digital assets may have diverted some attention and investment away from GRT, impacting its price negatively.
• Investors might be reallocating their funds to other digital assets supported by that suite, leading to a decrease in demand for GRT.
• The overall market sentiment towards cryptocurrencies may have shifted, causing a broad sell-off in the crypto market, including GRT.

17.11.2024 - GRT Crypto was down 5.8%

• The bearish movement in GRT could be attributed to the overall negative sentiment in the cryptocurrency market, leading to a sell-off of assets like GRT.
• Despite expansion of a crypto product suite to support 30 digital assets, including potentially positive news for the crypto market, GRT might have been affected by broader market trends rather than specific company news.
• The 15% drop in GRT price amidst rising bearish sentiment indicates that investors may have been spooked by market uncertainty, leading to a significant downturn in the token's value.

21.11.2024 - GRT Crypto was up 10.8%

• The bullish movement in GRT could be attributed to positive market sentiment towards altcoins like The Graph.
• The bearish sentiment towards GRASS may have influenced some investors to shift their focus towards other cryptocurrencies, such as GRT, leading to its bullish movement.
• Expansion to support 30 digital assets may have also contributed to a positive outlook on the overall cryptocurrency market, benefiting tokens like GRT.
• Overall, GRT's strong bullish movement today could be a result of a combination of positive market sentiment towards altcoins, shifting investor focus, and broader industry developments.

22.11.2024 - GRT Crypto was down 5.0%

• The bearish movement in GRT could be attributed to the overall negative sentiment in the cryptocurrency market today.
• The rise in bearish sentiment for GRT might have been influenced by profit-taking from investors after a recent price surge.
• Despite the expansion of a crypto product suite to support 30 digital assets, GRT did not seem to benefit from this positive news, indicating specific factors affecting GRT's price movement.
• The focus on XRP and Ethereum might have diverted attention away from GRT, leading to a lack of buying interest and contributing to the bearish movement.