Coin overview
GRASS
Ended--
Last price (USDT)
250.47K
24h total (USDT)
727.28K
Total vol (USDT)
2024-10-15 11:00:00 ~ 2024-10-28 13:30:00
Trading time (UTC+0)
2024-10-28 18:00:00
Delivery time (UTC+0)
Total supply1.00B
Resources
Introduction
Grass is a decentralized data layer built specifically for artificial intelligence that enables users to share their Internet bandwidth and obtain verifiable network data through a distributed network. This is achieved by leveraging idle internet connections of node operators to collect raw data, which is then processed for AI training purposes. GRASS Total supply: 1,000,000,000 Website: https://www.getgrass.io/ X: https://x.com/getgrass_io Discord: https://discord.com/invite/getgrass
3 Artificial Intelligence (AI) Coins to Watch Ahead of NVIDIA Q3 Earnings
On Wednesday, November 20, NVIDIA, the global leader in Graphics Processing Unit (GPU) technology, will release its Q3 earnings for the 2024 fiscal year. As a major beneficiary of the Artificial Intelligence (AI) boom, this announcement is expected to influence AI-themed cryptocurrencies, as it has in the past. Historically, NVIDIA’s earnings have led to mixed market reactions. On some occasions, they triggered a “sell the news” effect, causing AI coins’ prices to drop. At other times, the news sparked rallies across the sector. With the earnings report approaching, here are the top AI-based cryptocurrencies to watch this week. Render (RENDER) Render tops the list of AI coins to watch ahead of NVIDIA earnings, particularly because the project is also a leading GPU compute platform for generative AI. Ahead of the last NVIDIA Q2 earnings, RENDER was one of the AI coins that experienced a rally. However, as soon as the report became public, the cryptocurrency’s price dropped. This time, RENDER’s price, currently sitting at $7.59, has increased by 27% in the last seven days. Between September 28 and November 5, RENDER’s price moved within a descending triangle, which is bearish. But since the first week of this month, the altcoin has broken out of the channel, invalidating the bearish thesis. Render Daily Analysis. Source: TradingView Furthermore, the Moving Average Convergence Divergence (MACD) is positive, indicating that the momentum around the token is bullish. Should this remain the same, and NVIDIA Q3 earnings come out better than the last, RENDER could rise to $8.83. In a highly bullish case, it could rise to $11.86. On the other hand, if the development becomes a “sell the news” event again, the price might sink to $5.47. Grass (GRASS) Decentralized Physical Infrastructure Network (DePIN) project Grass is also one of the top AI coins to watch ahead of NVIDIA earnings. This is the first time the altcoin will be on the list, considering that it launched in October. One reason GRASS is an AI coin to watch is its notable market interest. But unlike RNDR, GRASS’s price has been down 10.31% in the last seven days. On the one-hour chart, the Parabolic Stop And Reverse (SAR) indicator has risen above the price. This Parabolic SAR identifies potential reversals by looking at the position of the dots. When the dots of the indicator are below the price, then it has the potential to rise. Grass 1-Hour Analysis. Source: TradingView However, as of this writing, the indicator’s dotted lines are above GRASS, suggesting that the value could tank below $2.36. Notably, if buying pressure increases ahead of Wednesday’s report, the altcoin’s price might rally toward $3.30. PAAL AI (PAAL) Another AI coin to watch this week is PAAL AI, a project built on the Ethereum blockchain. Like Render, PAAL has almost always followed the same trend as other AI coins whenever NVIDIA releases its report. This time, PAAL’s price has increased by 12.35% in the last 24 hours amid rising demand. Some days back, the altcoin’s value sharply dropped from $0.35 to $0.12 following increased selling pressure. While the price bounced back to $0.15, it remains below the 20-day and 50-day Exponential Moving Averages (EMAs). Since PAAL’s price is below these indicators, it could still struggle to rise. PAAL AI Daily Analysis. Source: TradingView But if buying pressure increases and NVIDIA stock price rises, the altcoin’s value might continue to jump. On the flip side, a drop in volume could invalidate this bias, and PAAL could slump much lower.
GRASS Price Surges Nearly 200% In One Week, Riding High on Airdrop and BTC Rally
The recent price surge in GRASS, which is up 187.99% in the last seven days, appears to be fueled by the success of its airdrop and BTC new all-time highs. These factors, along with the upcoming listing of GRASS on Binance Futures with up to 75x leverage, have created a wave of bullish momentum. However, the current RSI shows that GRASS is still in overbought territory, suggesting caution may be needed as buying pressure could fade. GRASS RSI Is Above Overbought Stage The RSI for GRASS has surged significantly following recent price increases, reaching 71.8, up from 55 just two days ago. This rapid rise indicates strong buying pressure, which has pushed the indicator into an overbought zone. Such a swift movement highlights that GRASS has been experiencing an intense wave of investor interest. It’s important to remember that GRASS RSI reached roughly 85, days after its airdrop. GRASS RSI. Source: TradingView The Relative Strength Index (RSI) is a momentum indicator that measures the speed and change of price movements. RSI values above 70 typically signal that an asset is overbought, while values below 30 indicate it is oversold. With the current RSI at 71.8, GRASS is in overbought territory, suggesting that the recent enthusiasm may have pushed prices too far, too fast. However, since RSI has been dropping heavily since yesterday, it could indicate a potential cooling-off period, where the buying momentum is fading, and a price correction might be imminent. Staked GRASS Is Now Stable The cumulative staked GRASS has remained stable at 26,600,000 since November 6. This stability follows a slight decrease from its peak earlier in the month, suggesting that staking activity has settled into a consistent pattern. The recent trends indicate that most of those who were actively staking have now locked in their positions. Cumulative Staked GRASS. Source: Dune Tracking the staked coin metric is crucial because it provides insight into investor confidence and the commitment to holding the asset long-term. A higher amount of staked GRASS suggests that investors are less likely to sell, reducing available supply and potentially increasing price stability. On November 4 and 5, the staked amount approached 28 million but subsequently declined and stabilized at a slightly lower level. This movement implies that while enthusiasm for staking was strong initially, some participants likely took profits or withdrew, leading to a more stable base of long-term stakers. This current stability may reflect a period of consolidation where committed investors are holding firm. GRASS Price Prediction: A Potential 28,5% Correction? Analyzing GRASS Ichimoku Cloud chart shows that the price is well above the cloud, suggesting strong bullish momentum, as the whole Solana ecosystem appears to be pumping. The first key support zone lies around the upper edge of the cloud, approximately at the $2.9 level, which aligns with where the cloud begins to thicken. GRASS Ichimoku Cloud Chart. Source: TradingView If the price declines further, the lower edge of the cloud, around the $2.5 level, will serve as the next significant support. That would mean a potential 28.5% price correction as GRASS becomes one of the coins attracting more attention among newly launched Solana coins. If BTC continues its strong momentum and the Binance listing brings strong buying pressure, GRASS could continue its uptrend, probably breaking the $4 threshold soon.
Why These Altcoins Are Trending Today — November 8
The top trending cryptos today include a project that has recently seen a notable exchange listing and another two that have previously appeared on this list. Interestingly, the prices of two out of these have increased in the last 24 hours, while the last seems to be lagging behind. According to CoinGecko, the top trending altcoins today include Drift (DRIFT), Notcoin (NOT), and Grass (GRASS). Drift (DRIFT) DRIFT, the governance token of the Solana-based decentralized exchange Drift Protocol, is trending due to an exchange listing. Today, November 8, South Korean-based exchange Upbit announced that it would list DRIFT at 18:00 KST, disclosing that the token will be paired with Bitcoin (BTC), USDT, and the Korean Won (KRW). Following the recent development, Drift’s trading volume surged by 500%, with its price jumping 88%. Currently trading at $0.95, this strong reaction mirrors the performance of other tokens that have been listed on Upbit in the past. On the daily chart, the Bollinger Bands (BB) has expanded, indicating a rise in volatility around the altcoin. However, the upper band of the BB has also touched DRIFT’s price. When this happens, it means that the cryptocurrency is overbought. It also aligns with the position of the Relative Strength Index (RSI). As of this writing, the RSI reading is 77.05, and usually, when the indicator is above 70.00, it means it is overbought. Therefore, DRIFT’s price risks retracement in the short term. Given this outlook, DRIFT’s price could drop to $0.70. Read more: 10 Best Altcoin Exchanges In 2024 Drift Daily Analysis. Source: TradingView On the flip side, if buying pressure continues to be intense and profit-taking does not come in, the altcoin might climb higher. In that scenario, it could jump above $1. Notcoin (NOT) Unlike DRIFT, Notcoin is not part of the top trending cryptos due to a price increase. Instead, it is one of the few altcoins that has failed to perform well in the last 24 hours. As of this writing, Notcoin’s price is $0.0063, representing a 16.69% decrease in the last 24 hours. Despite the decline, NOT had formed a falling wedge on the daily chart. A falling wedge is a chart pattern formed by drawing two descending trendlines: one connecting the highs and the other connecting the lows. It is considered a bullish reversal pattern, often signaling that after a period of decline, the price may soon break out to the upside. Notcoin Daily Analysis. Source: TradingView Considering this position, Notcoin’s price could climb toward $0.013 in the short term. However, if the price breaks below $0.0060, this might not happen. Instead, NOT might decline to $0.0056. Grass (GRASS) If there is one crypto that has appeared on the trending altcoins list almost every day since last week, it is GRASS. Today, again, the native token of the Decentralized Physical Infrastructure Network (DePIN) project is on the list. As it has done in previous times, Grass is trending due to its price performance. In the last 24 hours, the altcoin’s value has risen by 31.81%, making it one of the best performers out of the top 100. On the 4-hour chart, the Moving Average Convergence Divergence (MACD) is positive. This MACD reading indicates that the momentum around GRASS is positive. If sustained, then GRASS’ price could climb much higher than $3.33. Read more: Which Are the Best Altcoins To Invest in November 2024? Grass 4-Hour Analysis. Source: TradingView But if GRASS holders decide to take profit, this prediction might not come to pass. In that scenario, it could drop below $2.50.
Grass Token: The AI-Powered Crypto That’s Gaining Traction
Grass Token gains Fortune 500 demand, fueling its rapid price surge. The real float of Grass Token is just $60 million, creating scarcity. Partnerships with big brands like Xbox and Roku TV drive growth interest. Grass Token has experienced a significant price increase, with its market cap now at $717 million. This surge comes as speculation grows due to increased demand from major companies. Investors and analysts are interested in the token’s unique AI-powered growth model, limited supply, and strategic partnerships, which position it as a promising player in the crypto space. Early adopters who invested in GRASS or held Gigabuds, a related token, have amassed substantial returns. For instance, one investor’s $9,000 investment in Gigabuds has reportedly soared to $50,000, leading to additional purchases of GRASS tokens when the price was still low. Beyond just price momentum, the appeal of the GRASS protocol also lies in its ambitious technological goals. The project reportedly handles massive data, 80 terabytes daily, and has struck key partnerships with prominent Fortune 500 companies like Xbox and Roku TV. With over 2 million active nodes and 2.5 million daily active users, GRASS is emerging as a key player in the AI and blockchain space. Read also: Grass (GRASS) Price Prediction 2024-2030: Will GRASS Price Hit $10 Soon? GRASS Staking and Liquidity Model Project insiders even revealed that GRASS has a nine-figure demand from enterprises, signaling a strong potential for real-world applications and sustained growth. Future initiatives, including a creator program and a hardware device, are expected to further strengthen its position. Analysts also note GRASS’s low circulating supply, with only about 10% of the total tokens in circulation. This limited liquidity, along with limited monthly selling pressure and high staking rewards, has created favorable conditions for short-term price appreciation. Market watchers believe that a combination of strong demand, strategic scarcity, and technological innovation could propel GRASS to new heights. Although scalability and competition remain concerns, the community is optimistic, with many investors anticipating further partnership announcements. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
GRASS up over 30% in 24 hours
The Bitget ticker shows that GRASS continues to move higher and is now trading at $2.52, up 31.31% in 24 hours. Grass is said to be a decentralized data layer built for artificial intelligence, enabling users to share their internet bandwidth and access verifiable net data through a distributed net.
Is It Too Late To Buy GRASS? Grass Price Skyrockets 27% And This Might Be The Next Crypto To Explode
The Grass price has skyrocketed 27% in the last 24 hours to trade at $2.46 as of 3:25 a.m. EST on a 56% pump in trading volume to $173 million. Grass Price Continues The Uptrend After A Short Correction The GRASS/USD pair on a 1-hour timeframe shows a strong bullish trend, highlighted by a series of bullish technical patterns. Around November 6, the price formed a bullish wedge pattern, which led to a breakout as the price action developed a parabolic curve, indicating increasing buying momentum and accelerated gains. Parabolic moves indicate strong demand, but they can also foreshadow a potential pullback if the curve becomes too steep. Key moving averages reinforce this bullish sentiment, with the 50-simple moving average (SMA blue line) currently providing support around $1.98, and the 200-hour moving average (green line) further below at approximately $1.49, indicating a robust long-term uptrend. GRASSUSD Analysis Source: Dextools.io Technical indicators such as the MACD and RSI also support the bullish outlook. The MACD has crossed positively, with the MACD line above the signal line, which points to growing bullish momentum. However, the MACD is near the zero line, indicating momentum is still developing. Grass Price Indicators Suggest More Bullish Momentum Ahead Meanwhile, the Relative Strength Index (RSI) sits at around 66.7, approaching the overbought zone (above 70), which signals strong bullish pressure for the Grass price but could hint at a consolidation or minor pullback as buying strength may ease. GRASS/USD recently reached a high of around $2.72 and is currently trading near $2.66. The upward blue arrow on the chart indicates a potential bullish continuation, suggesting room for further gains. However, if the price encounters selling pressure and fails to maintain its current highs, it might retest the lower levels in the $2.20–$2.40 range before potentially resuming its uptrend. The chart reflects a strong bullish breakout, with key support levels around $1.98 (50-hour MA) crucial for sustaining this uptrend. Crypto All-Stars Presale Passes $3.1 Million – Best Crypto To Buy Now? As bullish momentum for the Grass price strengthens, new meme coin Crypto All-Stars (STARS) is surging toward $3.5 million in its presale. Crypto analyst ClayBro, a popular YouTuber with over 130K subscribers, predicts that $STARS could surge by 10X after its launch. Crypto All-Stars is offering investors a first: the opportunity to stake multiple top meme coins on a single platform and earn rewards in STARS tokens. It does this via its unique MemeVault ecosystem, which allows users to stake 11 different meme coins immediately upon launch with plans to add more in the coming months They are Pepe, Dogecoin, Shiba Inu, Floki, Brett, Mog Coin, Milady, Turbo, Toshi, Coq Inu, and Bonk. Investors can also stake STARS itself for a humongous 501% annual return. Currently priced at $0.0015494, STARS can be purchased using ETH, BNB, USDT, DOGE, FLOKI, PEPE, or SHIB. Act within the next two days to secure tokens before the next price hike. Visit the official website to buy $STARS tokens here. Related Article Peanut Price Prediction: PNUT Surges 2,585% As Elon Musk Condemns Peanut The Squirrel’s Euthanization, While This Rival Meme Coin ICO Goes Parabolic Bitcoin, Meme Coins, Coinbase Soar On Donald Trump Win Even As Trump-Themed Tokens Implode MAGA Price Prediction: TRUMP Plunges 63% Despite US Election Win, But Traders Flock To This PolitiFi ICO With 726% Staking APY
Is It Too Late To Buy PAPO? Papo Ninja Price Skyrockets 23% And This Might Be The Next Crypto To Explode
The Papo Ninja price soared 23% in the last 24 hours to trade at $0.0564 as of 03:58 a.m. EST on trading volume that surged to $15.6 million. Papo Ninja is a groundbreaking play-to-earn (P2E) game built on the TON (The Open Network) blockchain. Its token, $PAPO, launched on November 5, which was followed by a listing on Bitmart on November 6. More listings are scheduled in the coming week. Papo Ninja Price Aiming For A Sustained Breakout The Papo Ninja price has shown a strong reaction at the marked support area, around $0.045 – $0.050, according to data from GeckoTerminal . This region has acted as a base where buyers stepped in after previous declines. There were two noticeable spikes in price, pushing up towards $0.08 and briefly over $0.10, but each was followed by a sharp pullback, indicating significant selling pressure at higher levels. Currently, the price is consolidating near $0.056, just above the support zone. This sideways movement could be building momentum for the next potential move, depending on whether buyers or sellers dominate. The RSI is at 50.55, indicating a neutral stance. This mid-level reading suggests neither overbought nor oversold conditions, aligning with the current consolidation phase. If the RSI starts moving toward 70, it could signal bullish momentum, whereas a dip toward 30 might indicate bearish momentum if the price breaks below the support. The MACD line (blue) and the Signal line (orange) are very close to each other, with both hovering near the zero line. This setup indicates minimal momentum and aligns with the consolidative price action. If the momentum picks up at the moment, as the bulls capitalize on the major indicators, the price of Papo Ninja could soar to the $0.10 resistance zone. PAPOUSD Chart Analysis Source: GeckoTerminal Conversely, if the bears push the Papo Ninja price to break below the support level, PAPO could plunge to the next possible resistance at $0.040. As the Papo Ninja price aims for a breakout, investors looking for even newer meme coins that might be next to explode could explore Flockerz (FLOCK) , which has surged past $1.29 million in funds raised in its presale. According to 99Bitcoins, a popular crypto channel on YouTube with over 706K subscribers, $FLOCK has the potential to soar 100X after its launch. Flockerz Presale Heads For $1.5 Million – Best Crypto To Buy Now? Flockerz is a new meme coin that gives decision-making power to its community, The Flock, via its vote-to-earn (V2E) system͏. Token holder can v͏ote o͏n͏ d͏ecisions and ͏e͏a͏rn $FLOCK tokens as rewards for their participation. At the core of Flockerz lies FlockTopia, where every holder has a voice and earns rewards. The m͏o͏re͏ you ͏vote͏,͏ t͏he more token͏s ͏you ͏earn͏,͏ ͏creating a direct i͏nc͏entive f͏or pa͏rticip͏ati͏on. Thi͏s ensures ͏that active com͏munity͏ mem͏ber͏s are͏ rewarded for their inv͏olveme͏nt.͏ Apart from V2E rewards, users can earn passively through the platform’s staking mechanism, which offers a sky-high annual yield of 1,305%. To join the presale, you can buy $FLOCK on the official website here for $0.0059571 per token using BNB, ETH, or USDT. You can also make a purchase using your bank card. Buy before a price hike in less than two days to secure the best deal. Related News Best Meme Coins – Full List Is It Too Late To Buy GRASS? Grass Price Skyrockets 27% And This Might Be The Next Crypto To Explode Bitcoin Price Prediction: BTC Targets $100K ATH Before Donald Trump Inauguration Day As Experts Say This PolitiFi Crypto Might 100x
Why These Altcoins Are Trending Today — November 7
Following Donald Trump’s declaration as the winner of the US presidential election yesterday, several cryptocurrencies have seen significant price gains, with some now ranking among the top trending altcoins today. However, it’s worth noting that not all of the trending altcoins have experienced price increases. According to CoinGecko, the top three trending altcoins today include Ethervista (VISTA), MAGA (TRUMP), and Grass (GRASS). Ethervista (VISTA) VISTA, the native token of a newly launched competitor to Solana’s Pump.fun, is part of the of today’s top trending altcoins. The rise of the token can be attributed to two key factors. First, the platform is experiencing a rapid uptick in activity, with substantial liquidity flowing in. Secondly, VISTA’s price has seen a notable 6.88% increase in the past 24 hours, currently trading at $52.05. This price surge could be driven by strong buying pressure, as well as Ethereum’s (ETH) recent price resurgence, which has pushed its value back above $2,600. From a technical point of view, the Awesome Oscillator (AO) reading has flashed green histogram bars. The AO is a momentum indicator that compares recent market movements to historical trends, helping to gauge the strength of a market’s momentum. With VISTA’s price at $51.15 and a potential return of the AO to the positive region, the altcoin might jump to $59.92. In a highly bullish scenario, the token’s value might jump to $76.50. Read more: 10 Alternative Crypto Exchanges After Bybit Exits France Ethervista 4-Hour Analysis. Source: TradingView On the other hand, if the momentum fails to switch entirely to bullish territory, the prediction might be invalidated, and VISTA might drop to $33.07. MAGA (TRUMP) MAGA’s spot among top trending altcoins today is no surprise to active market participants, especially given its association with Donald Trump. As a meme coin tied to the newly elected president’s victory yesterday, many had expected a rally. However, contrary to these expectations, MAGA has seen a 30% decline in the past 24 hours, suggesting that the market’s reaction may not align with the anticipated post-election boost. On the daily chart, the Bull Bear Power (BBP) dropped to the negative region. When the BBP rises, it means bulls are in control, and prices can increase. However, since it is negative, it suggests that bears are dictating TRUMP’s price direction. MAGA Daily Analysis. Source: TradingView If this remains the same, TRUMP might continue to slide, especially now that the US elections are over. If that is the case, the altcoin’s value might drop to $1.66. However, the trend might change in the lead-up to Trump’s inauguration as buying pressure might jump. If that happens, TRUMP’s price might rise to $7.73. Grass (GRASS) Once again, the Decentralized Physical Infrastructure Network (DePINK) project Grass is one of the top trending altcoins today. Like previous times, Grass is trending because of its price action. Over the last 30 days, GRASS price has increased by 223%, including a 42% hike in the last 24 hours. This price increase could be linked to the buying pressure the altcoin has seen and holders’ decision not to book profits. As of this writing, GRASS’ price is $.2.60, and it is only inches away from breaking its previous all-time high. A look at the 4-hour chart shows that it had initially attempted to surpass $2.79, but it faced resistance at $2.72, which dragged its price back. Read more: Which Are the Best Altcoins to Invest in November 2024? Grass 4-Hour Analysis. Source: TradingView But now, bulls are trying to attempt the same move. As it stands, this move is likely to be successful. Should that be the case, then the altcoin might rally to $3.03. On the other hand, another rejection could force the token price down. If that happens, GRASS could drop to $1.91.
The price of GRASS reaches 3 US dollars, continuing to set a new historical high
According to Bitget market data, the price of GRASS has reached $3, setting a new historical high. It has increased by 61.38% in the last 24 hours and is currently priced at $2.6029. The market fluctuation is quite large, please manage your risk accordingly.
Bitget Launches GRASS Staking With 20-25% APR
Bitget Earn is thrilled to announce the launch of GRASS staking product, offering 20-25% APR. Subscribe now and boost your earnings! Subscribe to GRASS Staking How to subscribe: [Website] Go to the homepage and click on Earn in the top navigation bar, and then click Staking. Select GRASS and click Stake to enjoy 7-10% APR. [App] Go to the main page and scroll down to Earn, and then tap to Staking. Select GRASS and tap Stake Now to enjoy 7-10% APR. Terms and conditions: You can view and manage your subscriptions by navigating to Assets > Earn > Staking. Your subscription will start to accrue interest on the next day (D+1) from 12:00 AM (UTC+8). If you subscribe later than 12:00 AM (UTC+8), the interest accrual will start one day later (D+2). Daily interest = interest accruing amount × APR of the day ÷ 365. Redemption: You can use Express redemption or Standard redemption to redeem funds at any time starting from the subscription day. If you have any questions, check out Mastering Passive Profits with Bitget Staking: A Comprehensive Guide for more details. Disclaimer Cryptocurrencies are subject to high market risk and volatility despite high growth potential. Users are strongly advised to conduct their own research and invest at their own discretion. Join Bitget, the World's Leading Crypto Exchange and Web 3 Company Sign up on Bitget now >>> Follow us on Twitter >>> Join our Community >>>
Today's Must-Read | Twitter Featured Views [November 6th]
Ⅰ.Hitesh.eth: Understanding the reasons for the rise of $GRASS and its Data-driven potential KOL @hitesh.eth conducted an in-depth analysis of the reasons for the rise of $GRASS and the potential of the data economy behind it, and proposed the following key points: Airdrop and User Incentives : $GRASS uses 10% of the token supply for the first airdrop, covering 2 million users. About 100,000 users receive $100 GRASS after running the app and sharing public data, worth about $200. Highly attractive staking program : 35% of the current $GRASS circulating supply has been staked, with an annualized return of about 50%. In addition, venture capitalists cannot unlock staking rewards, providing confidence for retail investors. Privacy protection and node rewards : Data is transmitted through TLS encryption, protecting user privacy. As demand increases, users running nodes will receive rewards. Demands for data and potential revenue : $GRASS currently has a peak daily data retrieval of 80 TB. Even with 10% usage, there is still a monthly data retrieval of 300 TB. Estimated at $1 per GB, monthly revenue can reach $300,000, and may even exceed $3 million in the future. Market Outlook: Growth Prospects of Data Drive : @hitesh.eth emphasized that $GRASS relies on innovative models of user data and node participation, bringing long-term growth potential to the market. He pointed out that although he does not hold $GRASS tokens or run nodes, the project is worth paying attention to. Hitesh.eth stated that this analysis is only independent research, aimed at sharing knowledge, and does not constitute any financial advice. Original link: https://x.com/hmalviya9/status/1854024469255434309 Ⅱ.Chen Jian Jason: Interpreting the Three-Stage Model of Public Chain Growth Curve and Current Market Stages KOL Chen Jian Jason divided the growth path of public chains into three stages and put forward the following main points: Three-stage model Phase 1: Raise the local currency price, create a topic effect, attract market attention, and create a preliminary wealth effect. Phase 2: Retail investors invest in projects and memes within the ecosystem because they missed the local currency. At this time, most of the projects listed on the exchange are related to the ecosystem, forming a secondary wealth effect. Stage 3: External developers are attracted and participate in project innovation through ecological incentive plans to promote ecological development. The current stage of different public chains Solana: Currently in phase three, gradually attracting external developers to innovate. Ton: Currently in Phase 2, ecological projects are receiving more attention in the market. Move series (such as Sui): Currently in stage one, the pull-up effect attracts market attention, and the local currency of Sui has performed well recently. Market outlook Progress of Sui: With Binance's launch of Cetus, Sui has successfully entered the second phase. If Binance further supports the Meme project of the Sui ecosystem in the future, Sui will completely stand firm in the second phase and move towards the third phase. Chen Jian Jason pointed out that the growth of public chains needs to maintain a high level of local currency in stage one to ensure the development potential of subsequent stages. See the original text: https://x.com/jason_chen998/status/1854030412269719717 Ⅲ.Daan Crypto Trades: Analyzing the buying strategy and market expectations of $DOGE KOL @DaanCryptoTrades analyzed the performance and trading strategy of $DOGE and proposed the following key points: Pre-election buying opportunity : Daan said that if $DOGE falls to the green support area before the election, he is willing to enter the market and buy, believing that the risk-reward ratio of the current price range is worth a try. Election impact : He pointed out that the election results will have a significant impact on the short-term market, which may directly affect the trend of $DOGE. He suggested that investors should be cautious in trading before the election to ensure that risk management is in place. Main points Short-term performance and long-term holding : @DaanCryptoTrades observed that $DOGE is firmly in the support zone of the daily chart and is one of the strongest performing tokens in the market, and expects it to be significantly affected by the election results. He stated that he holds $DOGE for the long term, but is currently not actively engaged in short-term trading. See the original text: https://x.com/DaanCrypto/status/1853769733373583389 IV. Unipcs: The potential of BTC Meme and the current market miss risk KOL @Unipcs pointed out that although $BTC is currently at a historical high, many investors lack sufficient attention to BTC memecoins, which may become one of the biggest mistakes of this cycle. Value-added potential of BTC memecoins : SOL's memecoins account for 13.9% of the total market value of the chain, ETH's memecoins account for 6.4%, while BTC's memecoins account for only 0.14%, much lower than other public chains. With the potential re-election of Trump and higher liquidity driven by Bitcoin ETFs, the demand for BTC memecoins may increase significantly. Infrastructure and Liquidity Improvement : With convenient buying tools developed by teams such as @MEonBTC and the listing of new CEX, the availability of BTC memecoins will significantly increase, creating more convenient entry opportunities for investors. List of projects to follow : @Unipcs The BTC memecoins currently favored include: $PUPS, $WZRD, $BDC, $WADDLE, $SAIKO, $BIP, $DOG. Market Outlook: @Unipcs emphasizes that BTC memecoins are one of the easiest opportunities to achieve 50-100 times returns in the current market, and suggests that investors increase their attention to this field to avoid missing opportunities. Unipcs stated that he will continue to pay attention to the memecoins of the BTC ecosystem and welcomes everyone to share their potential BTC memecoins projects. See the original text : https://x.com/theunipcs/status/1854034185973125178 Ⅴ.Panda Superman | GoldenPanda: Reviewing the Strategy of Finding the Hundred Times Golden Dog Haggis KOL @Panda Superman | GoldenPanda shared his recent successful method of finding the 100x Golden Dog $Haggis, and proposed the following core ideas: Golden Dog's Three-factor Verification: Good narrative: having a story background that can evoke emotional resonance. Endorsement: Natural traffic support from authoritative influencers or related Web2 channels. Big V shouts: Narrative can quickly spread and ignite the market. Case analysis : He pointed out that similar to the recent popular $pnut, the story of squirrels being forcibly euthanized was supported by big Vs such as Elon Musk and quickly broke into other demographics. The rise of $Haggis also in line with this logic - originating from the Edinburgh news report on the endangered pygmy hippopotamus, the story contains the background of "rare animals" and has the Internet celebrity traffic attribute of Moodeng, which enhances the possibility of an outbreak. Discovery and Analysis Process : After Panda Superman discovered $Haggis on the chain, he quickly analyzed its story narrative and media potential. It was learned that the news spread from Edinburgh and was expected to be forwarded by media such as the United Kingdom BBC, which would bring huge Web2 traffic. The actual results exceeded expectations, and the market value climbed from $500K to $6M. Market Outlook: Panda Superman emphasizes that finding a hundredfold golden dog requires keen news insight and understanding of narrative communication paths. Projects with "narrative, endorsement, and shouting" Three-factor Verification often have more explosive potential. GoldenPanda said that the speed of Golden Dog's story dissemination is crucial, and projects that master hot narrative can often quickly break into other demographics, forming a high potential for revenue. Original link : https://x.com/Reborn_1337/status/1853856746424676755 VI. ZK: In-depth analysis of the challenges and future directions of the Ethereum ecosystem KOL @ZK conducted a comprehensive analysis of the current situation and challenges of the Ethereum ecosystem, and proposed the following main points: A. Politicization of Ethereum : It is pointed out that the Ethereum ecosystem is gradually being politicized. L2 projects often use the recognition of the Ethereum Foundation (EF) and Vitalik as the success standard, relying on airdrop expectations to realize monetization. This "orthodoxy" gradually evolves into arbitrage tools, making projects no longer focus on real user requests. B. Shovel Culture : The Ethereum ecosystem is mainly based on infrastructure (infra) construction, known as the "shovel culture", which encourages projects to prioritize building tools rather than products and User Experience. L2 projects focus on light operation and airdrop-driven growth, rather than substantive user applications, resulting in an excess of tools in the ecosystem and difficulty in application landing. C. Ecological fragmentation : The fragmentation of L2 has led to the fragmentation of liquidity within the Ethereum ecosystem. Although the large-scale parallel development of L2 has promoted technological progress, it has further dispersed resources and users, affecting the overall collaborative development. Market Outlook: @ZK suggests that investors and project parties pay attention to the "negative" strategy, stay away from politicization, and focus on the ecosystem of products and users. He pointed out that Solana is currently the most representative example, with a product-oriented culture and strong user growth capabilities, which may be the key to expanding and breaking the circle of the future encryption ecosystem. ZK concluded that the future revival of Ethereum may require more Solana-style L2 participation, and only a blockchain ecosystem that values product and User Experience can drive true incremental development in the industry. See the original text: https://x.com/ZKwifgut/status/1853908989651948015
Today's Top 5 Hot Search Assets: DOGE has increased by 8.81% in the last 24 hours
Bitget market data, today's top 5 trending assets are GRASS, BTC, BGB, DOGE, DOGS. Among them: GRASS has increased by 5.99% in the last 24 hours and is currently priced at $1.659; BTC has increased by 0.44% in the last 24 hours and is currently priced at $68887; BGB has increased by 2.57% in the last 24 hours and is currently priced at $1.1488; DOGE has increased by 8.81% in the last 24 hours and is currently priced at $0.17; DOGS decreased by -0.49% in the last 24 hours and is currently priced at $0.0005063.
Why These Altcoins Are Trending Today — November 5
Today’s trending coins list includes a major top 10 cryptocurrency alongside two altcoins that made the list just yesterday. While some of these altcoins saw notable gains over the past 24 hours, another experienced a sharp decline. That said, the altcoins trending today, November 5, include Dogecoin (DOGE), Ethervista (VISTA), and Grass (GRASS). Dogecoin (DOGE) Dogecoin tops the list of today’s trending coins simply because it has outperformed every other cryptocurrency in the top 10. At press time, DOGE’s price is $0.17, representing a 10% increase in the last 24 hours. This increase is linked to rising speculation that a win for the US former president could boost Dogecoin’s price. On the technical side, DOGE formed a bullish flag, suggesting that the consolidation period is over and that the price might continue to climb. Read more: 10 Best Altcoin Exchanges In 2024 Dogecoin 4-Hour Analysis. Source: TradingView Should that be the case, then Dogecoin’s price could surpass the local top at $0.18. On the flip side, a breakdown below the $0.15 support might invalidate this prediction. In that scenario, DOGE’s price might drop to $0.12. Ethervista (VISTA) Yesterday, Ethervista was on the list of trending altcoins. But contrary to its performance on Monday, it is part of today’s trending coins because of a notable rebound. Over the last 24 hours, VISTA’s price has increased by 15% and currently trades at $47.86. On the 4-hour chart, the altcoins appear to be seeing an increase in buying pressure, indicated by the recently climbed Accumulation/Distribution (A/D) line. Ethervista 4-Hour Analysis. Source: TradingView This notable increase suggests that bulls are protecting VISTA’s price from going down again. If this continues, then the altcoin could rise to $61.03. However, if distribution takes over, that prediction could be invalidated, and VISTA might drop to $21.41. Grass (GRASS) Last on today’s trending coins list is Grass, which has consistently appeared here since its launch on October 28. However, unlike yesterday, the altcoin is not trending because of an increase in price. Instead, the token has been swinging sideways, suggesting the trader’s indecision. This current condition could be linked to the uncertainty in the market as Bitcoin (BTC) and other top altcoins remain range-bound. From a technical point of view, GRASS bulls need to defend the $1.55 support to prevent a notable decline. Read more: 7 Hot Meme Coins and Altcoins that are Trending in 2024 Grass 1-Hour Analysis. Source: TradingView If successful, the altcoin’s price might jump to $1.78. On the other hand, a breakdown below this support level could cause a significant correction that could send GRASS down to $1.28.
RootData Heat Index Ranking: Grass ranks first, AeroNyx has the biggest ranking increase
According to the heat index ranking data from the Web3 asset data platform RootData, as of 10:45 on November 4th Singapore time, the top five projects in the Top 100 popular Web3 projects are: Grass, Aleo, DAWN, Gradient Network, Nodepay. In addition, AeroNyx has made the biggest rise in rankings, with an overall increase of 771 places.
The performance of Grass Coin is strong, with an increase of 9.3% within 24 hours
In the DePin ecosystem, Grass coin has recently performed outstandingly, with a price increase of 9.3% within 24 hours, and its current price is $1.72. Grass focuses on providing blockchain bandwidth management solutions, and its market performance once made its market value reach $1.8 billion, surpassing IO's market value of $1.2 billion. The market fluctuates greatly, please manage your risk well.
MAGA Price Prediction: TRUMP Slumps 23% As Polls Show Tight US Election, But Experts Say This New PolitiFi Token Might 10X
The MAGA price slumped 23% in the last 24 hours to trade at $2.646 as of 11:05 p.m. EST on trading volume that surged 53% to $15.3 million, according to data from CoinGecko . This comes as opinion polls show the US presidential election is an an extremely close race between Vice President Kamala Harris and Donald Trump. Harris has a one-point advantage, 48% to 47%, over her Republican opponent in one of the latest polls, but such a lead barely even covers the margin for polling error. MAGA Price Gearing Up Towards A Bullish Trend Reversal From the end of September to mid-October, the MAGA price went through a surge from the $1.69 support to the $5.44 resistance (dotted line), as shown by the TRUMP/USDT chart analysis on the 6-hour timeframe. The resistance level then allowed the bears to take control of the price. This made TRUMP price to plunge through a falling channel pattern, as shown by a green rotated rectangle. As a result of the downward trend, the price of MAGA now trades below both the 50-day and 200-day Simple Moving Averages (SMAs). The SMAs now act as the immediate resistance levels at $3.65 and $3.365, respectively. The Relative Strength Index (RSI) is now below the 30-oversold level, a signal that the asset is under intense selling pressure. However, the RSI being below 30 is also an indication that the asset is now undervalued, which may act as a buying signal for investors. If the current bearish trend continues, the price of MAGA could fall back to the $2.313 support zone. MAGA/USDT Chart Analysis (Source: Tradingview) However, the undervalued RSI could push the bulls to buy more, which could prompt a bullish trend reversal to the $5.44 resistance. Meanwhile, investors seeking other opportunities in the PolitiFi segment of the crypto market might take a look at FreeDum Fighters ($DUM) , a new project that has blasted past $410k in funds raised in presale. According to analyst and YouTuber Jacob Bury, with over 43k subscribers, DUM has the potential to surge 10X when it launches. A Promising Alternative To MAGA FreeDum Fighters is a novel meme coin project that is capitalizing on hype around the US election. The project features a satirical approach to the current political ecosystem, with its own blockchain candidates inspired by Trump and Harris. The project sets the stage for the ultimate showdown between MAGATRON and Kamacop 9000. MAGATRON, whose name is derived from the “Make America Great Again” acronym, is inspired by Donald Trump. Kamacop 9000, or simply Kamacop, is described as an advocate for social justice. When investors buy DUM, they are asked to vote (stake) for either the passionately patriotic Magatron or the trailblazing feminist Kamacop Those who vote (stake) for MAGATRON are offered an annual staking yield of 288%, while those who vote (stake) for the trailblazing feminist Kamacop 9000 are offered a stratospheric 813% return. The staking rewards show that DUM investors favor Trump by 68% to only 32% for Harris. During the $DUM presale, token holders can also participate in lively community debates, crafting persuasive arguments for their chosen candidate. If a chosen candidate wins a debate or significant favorable events arise, they will receive airdropped rewards added to their staked balance. Only those who have voted (staked) will qualify for these rewards. Visit the official FreeDum Fighters website to buy $DUM tokens here using ETH, BNB, USDT, USDC, or SOL for $0.000065 each. Buy before a price hike in a little more than two days for the best deal. Related Articles Is It Too Late To Buy GRASS? Grass Price Soars 40% And This Might Be The Next Crypto To Explode How to Buy FreeDum Fighters – $DUM Presale Review Most Trending Cryptocurrencies on Ethereum – BuildAI, Charged Particles, Rigo Token
GRASS 24% Price Decline Could Open Doors to Extended Downtrend: Here’s Why
In the early hours of November 2, Grass (GRASS) crypto price appeared on track to reach the $2 mark. However, a 23.34% drop over the past 24 hours has halted its impressive week-long rally, pulling the price down to $1.35. This analysis suggests that GRASS’ crypto price could fall even further from this level. Here’s why. Grass Bears Take Bulls Out of the Way Grass, a layer-2 Decentralized Physical Infrastructure Networks (DePIN) project on Solana, launched its native token on October 28. Within just a few days, the altcoin’s value surged by 100%, even with tokens distributed to users through its airdrop. However, that impressive increase has now dwindled to 67% over the past week. Analyzing the daily chart, we see that the Bull Bear Power (BBP) has fallen into negative territory. The BBP measures the strength of buyers (bulls) relative to sellers (bears). When the BBP is in the green, it signifies bullish dominance, often leading to price increases. In this instance, the decline in GRASS’s crypto price coincides with a significant drop in the BBP reading, suggesting that bears are currently in control. Read more: What Is DePIN (Decentralized Physical Infrastructure Networks)? Grass Bull Bear Power. Source: TradingView Like the BBP, the Accumulation/Distribution (A/D) line reinforces the bias that bears might continue to drag the Grass crypto price down. The A/D assesses an asset’s supply and demand by examining where the price closes within a given period’s range and then multiplying that closing position by the volume. When the indicator’s reading rises, the demand increases. But in this case, the indicator’s rating has decreased to the negative region, suggesting that distribution outweighs accumulation, and therefore, the GRASS value could continue to go down. Grass Accumulation/Distribution. Source: TradingView GRASS Price Prediction: Further Decrease Ahead A further look at the 1-hour chart shows that GRASS crypto price has formed a double-top pattern. A double top is a chart pattern signaling a potential trend reversal. It’s identified by two peaks of similar height, separated by a moderate trough between them. When this pattern appears, it means that a cryptocurrency has reached its local top. This appears to be the case with the GRASS price. Considering this outlook, there is a high chance that the token might decline to $1.08. Read more: 10 Best Altcoin Exchanges In 2024 Grass 1-Hour Analysis. Source: TradingView However, if bulls can defend the support at $1.29, this prediction might be invalidated. In that scenario, GRASS might rebound to $1.63.
Is It Too Late To Buy GRASS? Grass Price Soars 40% And This Might Be The Next Crypto To Explode
The Grass price surged 40% in the last 24 hours to trade at $1.5607 as of 11:23 p.m. EST on trading volume that jumped 31% to $298 million, according to CoinGecko . Grass Price Poised For A Bullish Rally Continuation According to the GRASS/USDT price analysis on the 1-hour timeframe, the Grass price has been in a continued rally since its launch despite slightly dropping to the $0.78 support. This support allowed the bulls to push the price within a rising channel pattern, forming key support areas within the channel at $0.98 and $1.08. The Grass price now aims for a bullish rally continuation, with GRASS surpassing the upper boundary of the channel. GRASS is now trading above the 50-day Simple Moving Average (SMA), which now acts as the immediate support zone at $1.1522 and a confirmation that the asset will still rise. Furthermore, the Relative Strength Index (RSI) seems to be crossing above the 70-overbought region, currently at 80, indicating intense buying pressure from the bulls. The Moving Average Convergence Divergence (MACD) also supports the bullish stance, as the blue MACD line crosses above the orange signal, representing a bullish crossover. If the bullish rally continues, the price of Grass could surge even further, as the bulls aim for prices above $2.0. GRASS/USDT Chart Analysis (Source: Tradingview) Meanwhile, as the RSI shows overextended conditions and that the asset is overvalued, the Grass price may go through some correction to the next possible support level at $1.152, on the 50-day SMA level. As the Grass price soars, investors looking for alternatives may want to consider Crypto All-Stars (STARS) , an innovative new ICO that has raised over $2.95 million. According to ClayBro, a prominent crypto analyst on YouTube with over 130K subscribers, $STARS has the potential to soar 10X after its launch. A Promising Alternative To Grass Crypto All-Stars offers users a streamlined platform to stake multiple meme coins in one place: the MemeVault protocol. Th͏e M͏e͏me͏Va͏ult Ecosyste͏m re͏pre͏s͏en͏ts a paradi͏gm shift in h͏ow ͏investors in͏tera͏ct wi͏th m͏eme co͏ins͏ on the b͏lockc͏ha͏in.͏ MemeVault allows investors to stake popular meme coins like Dogecoin ($DOGE), PepeCoin ($PEPE), and Shiba Inu ($SHIB) to earn substantial rewards in $STARS, the platform’s native token. Initially, MemeVault will also support another eight meme coins: Brett, Floki, Mog Coin, Milady, Turbo, Toshi, Coq Inu, and Bonk, with plans to add more in the future. You can also earn passively through the project’s native staking mechanism, which offers 525% in annual rewards. Over 1.4 billion STARS tokens have already been staked. You can buy the token at a discounted price of $0.0015371 right now. With a price increase coming in less than 1 day, you should act fast to lock in the best deal. Purchase $STARS from its official website here using BNB, USDT, or a bank card . Related Articles Crypto All-Stars Storms Past $2.9M In Presale – Will This Meme Coin Lead The Next Supercycle? Best Cheap Crypto to Buy Now In 2024 – Low Cost Coins Simon’s Cat Price Prediction: CAT Leaps 8% As Pepe Unchained Rockets Past $24 Million In Presale
3 New Cryptos Launched This Week to Keep an Eye On
Coins within the Solana ecosystem are seeing notable growth, with newcomers like LUCE, GRASS, and ZEREBRO drawing attention. LUCE and ZEREBRO show potential as rising stars, while GRASS has solidified its position with a substantial user base and strong market presence. Official Mascot of the Holy Year (LUCE) Launched only four days ago, LUCE has quickly become a strong contender among the meme coins in the Solana ecosystem. Initially introduced on Pumpfun, it soon graduated to Raydium, where it has been attracting over 30,000 transactions daily. LUCE’s market cap has already surged past $40 million, and with continued attention, it could soon hit the $50 million mark as a natural next step. It currently has more than 22,000 holders. Read more: How to Buy Solana Meme Coins: A Step-By-Step Guide LUCE Price Chart and Market Data. Source: Dexscreener Additionally, its Relative Strength Indicator (RSI) currently sits at 33, signaling that the coin is nearing oversold territory. This low RSI suggests that LUCE may be positioned for a rebound, as an oversold level often precedes a price recovery in actively traded assets. Grass (GRASS) GRASS recently completed a highly anticipated token airdrop and quickly surpassed a $290 million market cap. The platform aims to reward users for their “unused internet” by applying artificial intelligence, drawing significant attention and a fast-growing user base. With over 253,000 holders, GRASS has already established a substantial presence. On October 31, its price broke the $1 mark, signaling strong demand. Read more: How To Invest in Artificial Intelligence (AI) Cryptocurrencies? GRASS Price Chart and Market Data. Source: Dexscreener Currently, GRASS’s RSI is 62.28, which, while high, remains below the overbought threshold. This RSI level suggests that GRASS may still have room for further growth before a potential correction. Despite a nearly 12% rise in the last 24 hours, the token’s momentum could continue upward before reaching an overbought condition, appealing to traders looking to capitalize on its growth potential. zerebro (ZEREBRO) ZEREBRO, a new meme coin on Solana, launched just four days ago and has already reached a market cap of $16.5 million. With over 3,000 holders, the token has experienced rapid growth, surging by about 100% in the last 24 hours. Its popularity is evident, drawing over 24,000 transactions daily as interest in the coin builds. Read more: 11 Top Solana Meme Coins to Watch in November 2024 ZEREBRO Price Chart and Market Data. Source: Dexscreener ZEREBRO’s RSI is currently at 59.64, which is below the 70 threshold that would indicate an overbought condition. This RSI level suggests that ZEREBRO may have more room to grow before facing a potential correction. Given this momentum, ZEREBRO could continue its upward trajectory and test resistance levels around $0.018 or higher.
Affected by the initiation of Stage 2, GRASS touched $1.7, with a market value breaking through $400 million
The price of GRASS has reached a high of 1.7 USD, currently quoted at 1.69 USD, with a 24H increase of 40.5%, and the market value has broken through 400 million USD to reach a new high of 411,942,754 USD. Grass previously announced on platform X that Stage 2 of the network has arrived, and more rewards and new product releases will be launched next season, including Live Context Retrieval (LCR), hardware, Grass mobile applications etc.
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