The Graph sees an uptrend in delegations; reasons aren't very surprising

The Graph GRT is a decentralized protocol that allows users to query and index data from numerous blockchains. These services are provided by a network of nodes known as Indexers.

Timeline of The-graph

Ethereum has turned out to be the most prominent blockchain technology the world has ever seen. A number of projects have been joining the dots that Ethereum has left behind. One such protocol is “The Graph”, which is an indexing protocol for quaering networks such as Ethereum.

Two of the most popular crypto assets on the market today are The Graph (GRT) and Litecoin (LTC). The Graph is a decentralized indexing and querying protocol that enables efficient retrieval of data on blockchain networks, while Litecoin is a peer-to-peer cryptocurrency designed to be a faster and cheaper alternative to Bitcoin.

GRT, the native token of The Graph, was able to record a 108% growth in the past month, allowing the AI-based cryptocurrency to recoup its losses from the previous week and reach $0.1700 per token. In the last seven days, the price of the token has increased over 15%.

Since the start of yesterday, the price of The Graph's native token, GRT, has risen by more than 18%, recovering all of the declines of the past few days and returning to $0.174 per token. The Graph (GRT) remains the leader in the AI and Big Data sector of the crypto market, with a market capitalization of more than $1.5 billion, according to CoinMarketCap.

The decentralized ecosystem of The Graph ($GRT), “an indexing protocol for querying networks like Ethereum and IPFS,” is seeing substantial growth according to a recent research report by Messari.

An Ethereum-based (ETH) altcoin has seen its price skyrocket by 175% in less than a week to shatter the $1 billion market cap level. Blockchain indexing protocol The Graph (GRT) has seen its price tag dramatically shoot up since the first of February. The token surged from the $0.08 mark all the way to $0.

The Graph GRT coin: While ChatGPT and Google vie for the pole position in the AI chatbot space, AI tokens are dominating the crypto market. Cryptocurrencies linked to the AI domain, The Graph (GRT) and SingularityNET (AGIX) saw some correction in prices after a huge jump over the last week.

The Graph token has been experiencing extreme bearish pressure and had begun with a parabolic recovery from the past several months. However, the recent upswing uplifted the price straight towards the neckline which was supposed to consolidate in an ascending way for the next 30 to 45 days.

The price of The Graph's native token, GRT, has gained a whopping 114% in the last seven days. However, within the last few hours, the price has experienced a major correction of about 23%.

The last six months of price action in Graph coin shows the formation of a rounding bottom pattern. It is displayed as a U-shaped recovery, where a steady downtrend shifts to an uptrend after a brief period of consolidation or side trend.