GRT - Decentralized Infrastructure That Many Trust - Kakiforex.com - Financial Market Media No. 1 in the World GRT - Decentralized Infrastructure That Many Trust GRT - Decentralized Infrastructure That Many Trust
InstaForex

June 15, 2021

GRT - Decentralized Infrastructure That Many Trust

 The Graph or GRT is an index protocol that requests data for networks such as Ethereum and IPFS to further strengthen the range of applications in both DeFi and the Web3 ecosystem to expand more widely.


Its founding team comprised of Yaniv Tal (Project Leader), Brandon Ramirez (Research Leader) and Jannis Pohlmann (Technology Leader) worked together in bringing GRT as a reliable decentralized public infrastructure to the mainstream market.


To date, more than 3,000 subgraphs have been used by thousands of developers, for DApps such as Uniswap, Synthetix, Aragon, AAVE, Gnosis, Balancer, Livepeer, DAOstack, Decentraland and so on.


The Graph has a global community that includes more than 200 Indexing Nodes on testnet and more than 2,000 curators in the Curator Program as of October 2020.


As can be seen on the GRT/USDT chart, the GRT price was listed on the Binance platform in December 2020 and it continued to exhibit an aggressive jump of over 2,000% before making a decline ahead of the 2021 market opening.


Continuing the 2021 market, the GRT price movement continued to make a jump over 900% to record an all -time high (ATH) at the $ 2.88 price level.


However, the upward momentum did not continue when the price movement of GRT declined again to the support level of $ 0.60 which was also driven by the fall in the value of Bitcoin.



The GRT price movement in the June market is slightly flat (sideway) which can be seen that the price is still waiting for positive sentiment to support the price rebound.


The next expectation by analysts is that the GRT price will return to the SBR (support become resistance) level around the $ 0.90 price which will also be the focus level before the price continues to rise higher.


If the GRT price movement manages to break the SBR level of $ 0.90, the price is expected to test the next SBR level around $ 1.30 to signal to investors that there will be a change in trend.


However, if the decline continues, the $ 0.60 support level will be broken and is expected to return to the 2021 market opening level around the $ 0.30 price.


As of 11.00 am local time, the GRt price slightly jumped around 1% to trade at the price level of around $ 0.68.