en.bitcoinsistemi.com
While altcoins that attract attention with their recent rise exceeding 100% in the cryptocurrency market are increasing, one of them is The Graph ($GRT).
At this point, while investors were wondering whether The Graph's rise would continue, Santiment shared The Graph.
Stating that the $GRT price has almost doubled since October 19, 2023, Santiment stated that the $GRT rise may continue.
Pointing out that whales took action with this rise and many new addresses were created, Santiment stated that the dollar average line for $GRT moved downwards and that this situation was used to determine whether the bullish trend would continue.
According to Santiment, the dollar average line for $GRT is moving downwards, indicating that $GRT's upward trend may continue in the short term.
“The Graph price has almost doubled since October 19, there has been a huge whale movement and new addresses have been created.
“To determine whether the bullish trend can continue, a downward movement of the average dollar age line (as in the $GRT) is often a confirmation for the continuation of this trend.”
📊 #TheGraph has nearly doubled since October 19th, and there has been major whale movement and new addresses being created. To identify whether a #bullish trend can continue, the mean dollar age line moving down (like it has for $GRT) is often validation. https://t.co/mJZiZitJ9P pic.twitter.com/q0Dzp3dsPd
— Santiment (@santimentfeed) November 8, 2023
The increasing interest in $GRT and the expanding user base on the network are interpreted as a good sign for the future of $GRT.
$GRT, which has increased by over 100% since October 19, rose from $ 0.078 to $ 0.165. $GRT continues to trade at $0.130 at the time of writing.
*This is not investment advice.