Home Business News This AI crypto coin could gain 50%

This AI crypto coin could gain 50%

by Thea Coates Finance Reporter
10th Apr 24 10:40 am

Since the start of the year, AI Crypto’s have risen significantly, with some rising by more than 100%. To put it into perspective, BTC has jumped by more than 60%.

  • GRT, currently trading at $0.35, is poised to surge to $0.50 in April.
  • The Graph (GRT) stands out for its blockchain indexing technology, facilitating easy access to data, and its connection to the AI sector.
  • With a bullish pattern since February, GRT could see significant growth in the coming month.

Saqib Iqbal, a financial analyst at Trading.Biz, sees potential in this AI crypto coin which is trading at $0.35 and can reach $0.5 this month. The AI coin he’s referring to is the Graph (GRT).

He said, “Closing out 2023 with 233% return, the GRT price continues its upward trajectory into 2024. What I really like is that the Graph facilitates easier access to blockchain data.

Its innovative features allow the creation and publication of open APIs known as ‘Subgraphs,’ which is beneficial for its long-term growth.”

The Graph, which was launched in 2021, is a blockchain indexing technology that is being used on many networks.

Currently, the Graph provides indexing services for Ethereum, Celo, Avalanche, Arbitrum One, and Gnosis Chain. The Graph allows users to generate their own data visualizations using information the system collects and indexes.

The Graph was originally built on the Ethereum (ETH) blockchain before being upgraded to Arbitrum.

According to Saqib, the fact that GRT is not being pushed as an unregistered security is good for the token. The company’s links to the increasingly popular artificial intelligence sector could make it a favoured investment target.

GRT technical analysis: Forming a bullish pattern

GRT started a bullish pattern on February 5, 2024, and so far has jumped by more than 94% since the start of the year.

The price fell on March 10 and has been trending downwards since then. The next support for the coin lies at 0.3164. If the price breaks this level, it can go down to 0.23.

However, because it is still on an upward trend, it may continue to rise, hitting the $0.36 resistance level, and then can move toward $0.50.

Leave a Comment

You may also like


Sign up to our daily news alerts

[ms-form id=1]