Price analysis of Ethereum and GRT

Ethereum price analysis

Ethereum has continued to put more distance between itself and Bitcoin’s performance in 2021. ETH is + 6.7% at the time of writing for the past 24 hours, while BTC is + 4.96%.

ETHER is + 193% against BTC for the past 12 months. 

ETH’s 24-hour range is $ 2,566- $ 2,795. The weekly LOW is $ 2,294 and the weekly HIGH is $ 2,882.

The 24-hour trading volume of ETH is $ 37.8 billion at the time of writing.

Ethereum’s network fees could contribute to the solid price rebound that ETH produced after hitting bottom in the recent dip below $ 2k.

The launch of Arbitrum last week could undoubtedly be referred to as a contribution to the reduction of fees on the Ethereum network. However, it also appears that the overall volume of transactions has been in steady decline since May 12, the date of the all-time high of online transactions.

ETH’s total market capitalization is $ 318.8 billion, and ETH’s dominance accounts for 18.1% of all money in the cryptocurrency market.

Ether had a daily candle close on Wednesday of $ 37,581.

GRT price analysis

The [$ .779] chart is + 1.8% for the past 24 hours, and the bulls believe it is ready for an upward move after months of side cuts.

The 24-hour range is $ .738 – $. 812. The weekly low is $ .627, and the high is $ .843.

The GRT is -56.2% in the last 90 days, -49.8% in the previous 30 days and -4.2% in the previous 7 days. So the bears have unquestionably been in control of the ball for the previous 3 months.

The Graph is one of the very similar companies to ChainLink that are likely gearing up to be essential players in the Web 3.0 infrastructure.

Companies that focus on distributed data are likely to be some of the most integral players in the blockchain space this decade and beyond.

With Web 3.0 just taking off, the desire for open APIs is only going to rise. With Graph Protocol, anyone can build and publish open Graph Protocol APIs called ‘subgraphs’ which can be used to simplify data and make it easily accessible.

GRT is the 93rd largest cryptocurrency by market capitalization [$ 937.8 million], with a 24-hour trading volume of $ 107.6 million at the time of writing.

GRT closed the daily candle on Wednesday at $ 1.80. 

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