GRFT Utility Coin Graft Blockchain

Since the Graft market is relatively small compared to traditional markets, “whales” can single-handedly have a big influence on Graft’s price movements. The current Graft sentiment is neutral according to our technical analysis. There are currently 591,481,833 Graft coins circulating out of a max supply of 1,844,674,407.

According to our historical data, it is currently profitable to invest in Graft. The price of Graft increased by 26.28% in the last 1 year, while the coin’s 3-year performance is -13.51%. The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70).

1. Since 2017, DigitalCoinPrice has become one of the trusted brands within the crypto community.
2. Just like with any other asset, the price action of Graft is driven by supply and demand.
3. Based on multiple technical quantitative indicators, the current forecast for Graft in 2024 is neutral.
4. This has historically played a pivotal role in cryptocurrency markets and is a major component of creating a realistic Graft prediction.

The GRAFT blockchain is a dual-layer (Proof-of-Work and Proof-of-Stake) blockchain with proof-of-stake based authorizations and service broker architecture. GRAFT aims to democratize existing payment networks and become a ubiquitous alternative payment network alongside traditional choices like Visa and Mastercard. The network is reportedly decentralized and able to work across borders and regulatory environments. We collect minimum personally identifiable data necessary to maintain channels communication. GRFT is down -0.90% against Ethereum and down -2.52% against Bitcoin in the last 1 month. Graft’s current circulating supply is 591.48M GRFT out of max supply of 1.84B GRFT.

We also gather additional information from different sources to ensure we cover all necessary data or events. Let’s use a 1-hour candlestick chart as an example of how this type of price chart gives us information about opening and closing prices. The chart is divided into “candles” that give us information about Graft’s price action in 1-hour chunks.

The readings produced by the RSI indicator range from 0 to 100, with 30 and 70 being important levels. An RSI reading under 30 indicates that the asset is currently undervalued, while an RSI reading above 70 indicates that the asset is currently overvalued. Just like with any other asset, the price action of Graft is driven by supply and demand. These dynamics can be influenced by fundamental events such as block reward halvings, hard forks or new protocol updates.

How to read and predict Graft price movements?

Some charts will use hollow and filled candlestick bodies instead of colors to represent the same thing. Graft price is correlated with the top 10 coins by market cap with a price of , excluding Tether (USDT) and correlated with the top 100 coins by market cap excluding all stablecoins with a price of . ⚠ Trading cryptocurrencies involves risk, and may not be suitable for all investors. Cryptocurrency prices can be volatile and unpredictable, and may be influenced by various factors, including market manipulation, regulatory changes, and technological developments. When trying to make a Graft forecast, many traders also try to monitor the activity of GRFT “whales”, which are entities and individuals that control large amounts of GRFT.

What is the Graft price prediction for 2030?

Since 2017, DigitalCoinPrice has become one of the trusted brands within the crypto community. This success award goes to the combination of people, accurate crypto market analysis and data, the latest news, latest blogs, advertisement placements, and many more. To get a better idea of what could happen to the Graft price in the future, it’s helpful to also explore Graft’s price history.

Graft Quarterly Returns

Currently, the RSI value is at 40.91, which indicates that the GRFT market is in a neutral position. Reddit is a popular platform where cryptocurrency communities often gather to discuss news, trends, and insights related to a particular coin. Analyzing Reddit stats can provide valuable insights into the community’s sentiment and engagement with a particular cryptocurrency. It’s also important to pay attention to the color of the candle – a green candle means that the closing price was higher than the opening price, while a red candle tells us the opposite.

Currencies that are positively correlated with Graft indicate that the movement of one has a statistically significant weight to lead the other in the same direction. For currencies that are negatively correlated with Graft, a move in one direction for Graft would translate into a move in the opposite direction graft coin price for the negatively correlated coin. An overview showing the statistics of Graft, such as the base and quote currency, the rank, and trading volume. Regulations governing cryptocurrencies vary by jurisdiction and may change over time, which could impact the legality and use of cryptocurrencies.

Key team members during the Graft ICO included Slava Gomzin, Dan Itkis, and Brad Gleeson. To check Graft’s price live in the fiat currency of your choice, you can use Crypto.com’s converter feature in the top-right corner of this page. GRAFT web site doesn’t collect user data, with exception of email newsletter registrations, voluntary surveys and category notification lists. You need an account in order to star coins, keep track of your portfolio, set up alerts, vote on coins as well as use all the other advanced features.

As the name suggests, a moving average provides the average closing price for GRFT over a selected time frame, which is divided into a number of periods of the same length. For example, a 12-day simple moving average for GRFT is a sum of GRFT’s closing prices over the last 12 days which is then divided by 12. The purpose of a moving average (MA) is to smooth price action over a certain amount of time. Moving averages are a lagging indicator which means they are based on previous price action. In the table below you can find two types of moving averages, simple moving average (SMA) and exponential moving average (EMA).

Some traders try to identify candlestick patterns when making cryptocurrency price predictions to try and get an edge over the competition. Some candlestick formations are seen as likely to forecast bullish price action, while others are seen as bearish. In addition to the simple moving average (SMA), traders also use another type of moving average called the exponential moving average (EMA). The EMA gives more weight to more recent prices, and therefore reacts more quickly to recent price action.

The table above shows the number of days which Graft closed above a certain price level. Graft is a global, blockchain-based, decentralized, open-source payment gateway and processing platform that anyone can use. Any buyer and https://cryptolisting.org/ merchant can use Graft in a completely decentralized and inexpensive way, democratizing transactive trade and opening up commerce to everyone. This website is using a security service to protect itself from online attacks.

Each candlestick will display GRFT’s opening price, closing price, as well as the highest and lowest prices that Graft reached within the 1-hour period. The Graft price prediction on CoinCodex is calculated using the historical Graft price dataset, accounting for past volatility and market movements. In addition, the algorithm uses the cyclical nature of Bitcoin halvings, which introduce extra supply-side pressure on BTC every 4 years. This has historically played a pivotal role in cryptocurrency markets and is a major component of creating a realistic Graft prediction.

Graft traders use a variety of tools to try and determine the direction in which the GRFT market is likely to head next. The 50-day SMA is calculated by adding together Bitcoin’s closing prices in the last 50 days, and dividing the total by 50. The Graft price page is just one in Crypto.com Price Index that features price history, price ticker, market cap, and live charts for the top cryptocurrencies. The 200-day SMA is calculated by taking Graft’s closing prices in the last 200 days, adding them together, and dividing the total by 200. Based on multiple technical quantitative indicators, the current forecast for Graft in 2024 is neutral. However, it’s important to consider both technical factors (price history) and fundamental factors (on-chain activity and development) before making the decision to buy Graft or not.