The Graph: Data Suggests Bulls Still Back AI Token

Following a recent rally among the enthusiasm surrounding AI tokens, The Graph (GRT) cryptocurrency may have more room for another rally in the near future.

The recent spike in cryptocurrencies related to artificial intelligence demonstrated that traders will undoubtedly trust this combination. Although it has long been established that "cryptocurrencies are here to stay," ChatGPT quick success demonstrated the potential of AI. Artificial intelligence, in contrast to other developing technologies, can be scaled to attain vast capacities in almost no time, making it a frightening idea and difficult for traders to ignore. Although several cryptocurrencies relied solely on the excitement surrounding AI tokens, as has been demonstrated over time, traders will finally spot legitimate enterprises in web 3.0.

The Graph (GRT), the largest cryptocurrency in the category based on current market capitalization, is one of the most talked-about AI tokens.

Ahead For The Graph Crypto, Positive Times?

The Graph (GRT) token's moving average metric indicates that the asset's sentiment is clearly in an uptrend. Following the peak surrounding the ChatGPT and Google Bard dispute, the AI token did, however, experience some correction. So, any additional encouraging developments in the use of AI might potentially result in another uptrend for all of the AI tokens. The moving average curves are still heading upward in the case of the GRT coin, suggesting further upside is possible soon.

Its value increased by more than 300% as compared to the GRT price at the start of January 2023. According to CoinGabbar, the price of GRT as of this writing is $0.15975, a decrease of 4.56% over the previous day.