GRT’s current situation mirrors the bearishness the broader market is experiencing. Today, the shows a percentage slip, due to the major cryptocurrencies returning to levels that investors can sustain. On the altcoin side, GRT is one of the tokens that were hit hard by the bears.
According to CoinGecko, the token is since last week, showing exaggerated losses in the face of continuous downward pressure. Although the token’s performance within the market leaves much to be desired, The Graph devs are brewing something around the corner that might turn the tide.
GRT down in the last 24 hours. Source:
More Web3 Data To Be Serviced By The Graph
recently released a blog post about their plans to introduce new tools for indexers, further building up the platform’s capability to handle data. They are introducing two specialized tools to help grow the platform’s ecosystem namely Firehose and Substreams. The upgrade is part of their , a path that was laid in late 2023, providing developers, users, and investors a transparent look at where The Graph is headed.
The two new tools provide different levels of data stream to indexers. will provide real-time data which enhances “the immediacy and responsiveness of blockchain data access.” It’ll help apps access data quickly, reducing latency thus improving user experience.
GRTUSD trading at $0.16 on the daily chart: TradingView.com
On the other hand, is more accurate, giving developers the ability to pick and choose the data needed for their applications. This will improve data retrieval as their systems won’t need to scour the database for its specific data needs.
The two tools will serve the platform’s data servicing niche, providing developers the flexibility of choosing whether they want a real-time stream of data or a select, more specialized access to specified data sets. This improvement would largely benefit the platform’s push to grow its artificial intelligence base. Last May, the platform announced the deployment of Agentc, a “ChatGPT-like tool” built on top of The Graph’s Uniswap data.
More Pain Ahead?
More pain around the corner awaits investors with the bears having a chokehold of the GRT market. With the major cryptocurrencies also struggling to keep their ground within more suitable levels, the altcoin market will fall more within the early weeks of the month.
The grip GRT bears have on the market will last as long as market conditions continue to favor selling. A breakthrough on $0.1715 line will make the situation much worse which might turn the situation into a firesale. GRT bulls should then attempt to hold on to this line as any further gains by the bears will mean a possible reversion back to mid-February levels.
Featured image from Asia Crypto Today, chart from TradingView
They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.
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Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).
Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!
So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).
Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.
Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.
Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.
Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.
So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.
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