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.
- 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.
- There are currently 591,481,833 Graft coins circulating out of a max supply of 1,844,674,407.
- In addition, the algorithm uses the cyclical nature of Bitcoin halvings, which introduce extra supply-side pressure on BTC every 4 years.
- ⚠ Trading cryptocurrencies involves risk, and may not be suitable for all investors.
- Some candlestick formations are seen as likely to forecast bullish price action, while others are seen as bearish.
The Fear & Greed Index combines several market and investment indicators, including 30- and 90-day volatility, trading volume, social media activity, and Google Trends data. The Fear & Greed Index can be a useful measure of Graft investors’ sentiment, and is based primarily on Bitcoin-related market data. Complete cryptocurrency market coverage with live coin prices, charts and crypto market cap featuring coins on 750 exchanges. Most traders use candlestick charts, as they provide more information than a simple line chart. The RSI (Relative Strength Index) is a very popular technical indicator used to analyze prices of a variety of assets, including Graft.
Live Coin Watch
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.
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.
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.
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.
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 graft coin price 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).
There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Currently, the Graft Fear & Greed Index stands at 61, which means that investors’ sentiment is in the so-called Greed zone. The Graft ICO (initial coin offering) raised $3,000,000 USD at a price of $0.28 USD.
Trending Coins and Tokens
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.
Graft Price Summaries
Graft (GRFT) is the #2019 largest cryptocurrency by market cap as of January 30, 2024, with a market cap of $160,767.94 USD. View the total and circulating supply of Graft, including details on how the supplies are calculated. Traders also like to use the RSI and Fibonacci retracement level indicators to try and ascertain the future direction of the GRFT price. Over the past 7 days, Graft price was most positively correlated with the price of and most negatively correlated with the price of . If you are new to crypto, use the Crypto.com University and our Help Center to learn how to start buying Bitcoin, Ethereum, and other cryptocurrencies. With respect to Point-of-Sale cryptocurrencies, the project claims to address privacy, speed, fees, and integration.
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.
Regulations, adoption by companies and governments, cryptocurrency exchange hacks, and other real-world events can also affect the price of GRFT. The market capitalization of Graft can change significantly in a short period of time. 50-day, 100-day and 200-day moving averages are among the most commonly used indicators in the crypto market to identify important resistance and support levels. If the GRFT price moves above any of these averages, it is generally seen as a bullish sign for Graft. Conversely, a drop below an important moving average is usually a sign of weakness in the GRFT market. Many cryptocurrency traders pay close attention to the markets when the current Graft price crosses an important moving average like the 200-day SMA.
