In the statement made from the official X account of The Graph (GRT), one of the most popular among artificial intelligence altcoins, it was stated that a big announcement will be made.
In the announcement made by the developers, it was stated that The Graph will enter a “new era” on November 7, 2023.
Following the announcement, there was a sudden increase of approximately 10% in the price of the altcoin. GRT, which was traded at $ 0.1053 before the announcement, reached $ 0.1176 at its peak after the climb and is trading at $ 0.1164 at the time of writing this article.
No details were given about what kind of innovation would be introduced in the announcement. In the cryptocurrency world, such “announcement announcement” posts are frequently used by developers to attract attention and create an increase in price. We do not yet know if there will be a “sell the news” type of event for The Graph.
The Graph introduces itself as a decentralized data marketplace that offers access to blockchain data. GRT also saw a similar price increase, especially during the period when the artificial intelligence trend was experiencing strong increases. GRT, which is not a very new altcoin, is trading at a 95.98% lower level than its peak at the beginning of 2021, when it was first launched.
*This is not investment advice.