The Graph's (GRT) price has risen by 3.2% in the past 24 hours, reaching $0.31. This continues a positive trend over the past week, with an 11% gain from $0.28 to its current level. The coin's all-time high is $2.84. Despite the recent price increase, trading volume decreased by 31% over the past week. The circulating supply also saw a slight decrease of 0.63%, now at 9.51 billion tokens, which is 88.14% of its maximum supply of 10.79 billion. The current market cap for GRT stands at $2.95 billion, ranking it #42.
Bollinger Bands, used to measure volatility, show wider bands during high volatility periods. This indicates significant price movement potential for GRT. The recent uptick may be attributed to market optimism and investor interest in The Graph's potential within the DeFi space.
Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.