The Graph Protocol has had a pretty significant retrace from the highs early this year. One thing that is concerning about GRT is the tokenomics are very poor. Over the span of 2021 around 5 billion coins will be released into the circulating supply. This will most definitely have a impact on price of the coin.
GRTUSDA couple levels to watch for, you would really only want to buy GRT above 80 cents with strength or buy at the 2021 lows.
Right now price is sitting in no mans lands and it would be risky to buy at this level.
GRTUSDA couple levels to watch for, you would really only want to buy GRT above 80 cents with strength or buy at the 2021 lows. Right now price is sitting in no mans lands and it would be risky to buy at this level.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.