The Graph (GRT) is a decentralized protocol for indexing and querying data from blockchains such as Ethereum, IPFS, and POA. It is designed to simplify data access for Web3 applications, such as those in the DeFi sector.
The Graph, through the use of artificial intelligence and the Graph Neural Network (GNN) machine learning algorithm, allows applications to access blockchain data quickly and easily.
Previously, applications had to access blockchain data directly, which was often a slow and complex process.
The Graph provides a standardized API that applications can use to access data, regardless of the blockchain or data type.
To give a simple example, it could be used to track car performance, maintenance data (oil changes, repairs etc...) and safety information.
Another example, in the smartphone field it could be used to improve functionality such as search and navigation through data on the blockchain.
The fields of use are varied, logistics, e-commerce, insurance and much more.
It is still a relatively new project, so it could be subject to instability, but with the enormous support of the community, due to its technical characteristics and above all thanks to the use of artificial intelligence, it has enormous potential.
The chart pattern of The Graph (GRT), is bullish and the price remained above the 50 and 200 day moving averages, showing an upward trend. Furthermore, The Graph has seen huge growth in purchasing volume and the price has consequently followed the same direction.
In the last month, its price has risen by around 30% and in the last week it has gone from $0.16 to around $0.20.
According to some analysts, the price could reach $0.33 in the next sessions, but as always everyone must make their own considerations and research.
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