Analyst and trader Michaël van de Poppe is laying out his predictions and targets for four crypto assets. Starting with Ethereum (ETH) scaling solution Polygon (MATIC), Van de Poppe tells his 580,800 Twitter followers that the crypto asset is “getting close to a long.” When paired against Bitcoin (BTC), the crypto analyst and trader says […]
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A top analyst is looking at five popular altcoin crypto assets for potential entry points into the market. In a new video, pseudonymous crypto analyst Altcoin Sherpa says he likes the trading volume around THORChain (RUNE) but plans to wait for a price drop before taking a new position. “Insane volume coming in. The most […]
The post Here’s What’s Ahead for Terra, Algorand, THORchain and Two More Altcoins, According to Top Crypto Analyst appeared first on The Daily Hodl.
GRT gets a double-digit boost in price after its catalog of subgraphs expands and Web3 becomes a trending discussion topic among crypto and tech sector experts.
The ongoing digital revolution and rise of the internet have upended the old global value structure over the past 30 years, and big data has become the new "gold" or "oil" — a fact demonstrated by the money-making capabilities of platforms like Google and Facebook.
One blockchain project focused on the future of retrieving and managing data is The Graph (GRT), an indexing protocol designed for querying networks like Ethereum and IPFS through the creation of open APIs called subgraphs.
Data from Cointelegraph Markets Pro and TradingView shows that since hitting a low of $0.34 on Jan. 24, GRT has made several attempts at a sustained breakout above the major support and resistance level at $0.48.
Three reasons for the building momentum of GRT include the addition of new subgraphs supported by GRT, increased attention on the capabilities of The Graph network due to community engagement and outreach efforts and the ongoing rise of Web3 which is heavily dependent on oracle and data providers.
One of the main reasons for the recent increase in attention for The Graph is the growing list of subgraphs offered by the network for popular decentralized applications and blockchain protocols.
Subgraphs are open application programming interfaces (APIs) that can be built by anyone and are designed to make data easily accessible. The Graph protocol is working on becoming a global graph of all the world’s public information, which can then be transformed, organized and shared across multiple applications for anyone to query.
The protocol is currently hosted on the Ethereum (ETH) network and is adding support for Ethereum virtual machine (EVM) compatible networks including Binance Smart Chain, Avalanche, Fantom, Arbitrum, Polygon and Moonriver, to name a few.
Subgraphs can also be made for individual projects as well, such as the recent migration of the gaming subgraph for NiftyLeague, a community-led game studio
A gaming subgraph has migrated to The Graph Network!
— The Graph (@graphprotocol) February 11, 2022
@NiftyLeague is a community-led game studio known for its “Nifty Smashers” NFT-infused fighting game.
In-game NFT data is fetched using Nifty League's subgraph in a decentralized way. Read on ⬇️ pic.twitter.com/g7Frnuv35e
Another notable addition that highlights the usefulness of subgraphs was the integration with Juicebox Protocol, the fundraising protocol behind ConstitutionDAO and AssangeDAO, a project that utilizes a subgraph to power the analytics displayed on each project page.
A second reason for the increase in attention on The Graph has been efforts to increase community outreach and engagement through events like the ongoing ETHDenver conference where the project has a booth.
Aside from the ETHDenver conference, where The Graph has sponsored a chess tournament hosted by Nifty Chess, the project has also been supporting the growth of the developer community through the release of grants, including a $1 million grant to the Nomic Foundation to support the development of critical Ethereum devex tooling.
The Graph Grants initiative is also working with the SimpleFi data analytics platform to provide funding for the creation of subgraphs for multiple decentralized finance protocols, including Alpha Finance Lab, Frax Finance, Convex Finance and Ribbon Finance.
We're excited to launch a new initiative designed to help you learn more about The Graph in a fun way: The Graph Academy Certificates. Discover our new courses and master @graphprotocol. Plus, you'll get a fancy certificate for completing a course https://t.co/ELziU3lEt1
— The Graph Academy (@graph_academy) February 8, 2022
The Graph has also sponsored a new initiative through The Graph Academy that aims to help community members learn more about the protocol through a course listed at freeCodeCamp.org. The course will teach participants how to build dApps using The Graph protocol.
Related: Crypto patent-sharing marks a step in democratizing knowledge ownership
A third factor helping boost the prospects for GRT is the rising popularity of Web3, a topic and sector that has increasingly begun to make its way into mainstream conversations.
Web3 as defined by Wikipedia is an “idea of a new iteration of the World Wide Web that is based on blockchain technology and incorporates concepts such as decentralization and token-based economics.”
The overall goal of Web3 is to move beyond the current form of the internet where the vast majority of data and content is controlled by big tech companies, to a more decentralized environment where public data is more freely accessible and personal data is controlled by individuals.
The Graph protocol's ability to create a global grid of public information helps eliminate the need for projects to develop and operate proprietary indexing servers, which saves time and money typically spent on engineering and hardware resources that only work to centralize information.
VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for GRT on Feb. 14, prior to the recent price rise.
The VORTECS™ Score, exclusive to Cointelegraph, is an algorithmic comparison of historical and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity.
As seen in the chart above, the VORTECS™ Score for GRT reached a high of 72 on Feb. 14, around two hours before the price increased 26% over the next day.
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.
Analytics firm Santiment is highlighting possible entry points for half a dozen altcoins amid a general downtrend which has given the crypto markets an extended pullback throughout January. In its weekly Insights newsletter, Santiment says that while most crypto investors are feeling pain, opportunities exist for those with patience and some handy cash. The data […]
The post XRP, Uniswap (UNI), the Graph (GRT) and Three More Altcoins Approaching ‘Opportunity Zones’: Santiment appeared first on The Daily Hodl.
The second-largest Ethereum whale in existence is accumulating millions of dollars worth of two ETH-based altcoins. According to whale-watching platform WhaleStats, the deep-pocketed crypto investor collected $4.2 million worth of layer-2 scaling solution Polygon (MATIC) and $3 million worth of blockchain indexing protocol The Graph (GRT). The massive address holds just above $3.8 billion in […]
The post Second-Largest Ethereum Whale on Record Just Executed a Massive Altcoin Purchase: WhaleStats appeared first on The Daily Hodl.
The Guild will join the Web 3.0 network as a core developer in a four-year partnership to facilitate the expansion and development of The Graph's existing 31,000 subgraphs.
The Graph Foundation has announced a $48 million funding grant to open-source API platform The Guild in a bid to advance usability and performance of the networks subgraphs.
Joining as a core network developer, The Guild will provide vast experience from its time managing and contributing to the growth of components within the GraphQL ecosystem — a programming language initially established by Meta, formerly Facebook, in 2012 — to focus on enhancing subgraphs features such as "composition, analytics and mutations" on The Graph.
The Graph, a Web 3.0 indexing and querying infrastructure platform, has invested $248 million into their core developer network over the last twelve months, the most recent of which was last week’s $60 million investment in infrastructure service, Semiotic AI, to accelerate research and development initiatives in cryptography and artificial intelligence.
Related: The Graph Foundation taps protocol infrastructure developer for $60M grant
Director of The Graph, Eva Beylin, shared detailed insights into the potential impact the networks latest core developers, The Guild, could have on a multitude of sectors in the Web 3.0 sphere, including decentralized finance (DeFi), the metaverse and decentralized autonomous communities (DAO’s) among others, stating:
“The Guild will collaborate with developers in The Graph ecosystem throughout the course of this four-year funding to develop new subgraph features and improve The Graph Node's querying capabilities, allowing developers to more quickly construct feature-rich apps using The Graph.”
This is an emerging story which will be updated soon.
Semiotic AI will become the third core protocol developer to join the Web 3.0 network this year and is set to enhance the platform's security, scalability and economic efficiency through the use of emerging technologies.
The Graph Foundation has announced a $60 million eight-year funding grant to Semiotic AI in a bid to expand the start-up software firm's research and development capacity in the sectors of cryptography and artificial intelligence.
Specifically, the partnership will focus on building the architecture required for automated and verifiable indexing and querying on the Graph, in addition to developing micropayments functionalities utilizing zero-knowledge proofs such as ZK-SNARKs.
Over the course of 2021, Semiotic AI has worked alongside the Graph to contribute to the growth of the ecosystem with a litany of initiatives, such as the construction of a beta query prediction service, serving in an indexing operation role, supporting zero-knowledge proof infrastructure design as well as receiving an initial grant in March this year, among others.
With this news, Semiotic AI follows in the footsteps of two infrastructure platforms in becoming a core protocol developer on the network. StreamingFast acquired a $60 million funding grant from the Graph in June, while blockchain service provider Figment was granted $48 million in late July.
Co-founder of the Graph, Brandon Ramirez, shared insights into how Semiotic AI will pursue greater scalability and economic efficiency on the Graph through the usage of artificial intelligence and cryptography, stating:
“They specialize in the same AI toolkit Google Deepmind used to beat the world's best Go player and to then solve the age-old protein folding problem. The Graph is all about data, and just as AI plays a central role in all web2 products, this partnership will contribute to the convergence of AI and the decentralized internet.”
Incepted on mainnet in December 2020, the Graph quickly gained prominence as one of the leading indexing and query platforms in the Web 3.0 sphere. At the time of writing, the network supports indexing data from 22 networks, including Ethereum, Arbitrium and Avalanche as well as facilitating over 22,000 subgraphs, including ENS Domains, Compound V2, and Uniswap V2, among others.
In early September, the co-founder of Ethereum, Vitalik Buterin touted ZK-SNARKs as a potential major technological adoption over the coming decades.
I expect ZK-SNARKs to be a significant revolution as they permeate the mainstream world over the next 10-20 years.
— vitalik.eth (@VitalikButerin) September 2, 2021
Related: The Graph explores integrations for Bitcoin, Polkadot and other layer-one blockchains
Co-founder and chief technology officer of Semiotic AI, Sam Green, also commented on the recent partnership, using telephone and web searches as prime examples of how a plethora of innovations can blossom from foundational technologies, stating:
“R&D efforts on these utilities resulted in countless inventions that improved communications and access to knowledge for the entire world. As a result of this collaboration, we will similarly invent new, open-source technologies that will benefit both users of The Graph and the larger Web 3.0 community.”
A closely followed crypto market trader thinks the Bitcoin (BTC) bull market remains in full swing while predicting an early altseason for one crypto asset in particular. The pseudonymous trader known as Altcoin Sherpa is bullish on the decentralized streaming platform Theta (THETA). He tells his 145,900 Twitter followers that THETA may be gearing up […]
The post Analyst Predicts One Altcoin Will Rally Ahead of the Pack, Says Bitcoin Pullbacks Likely To Be Shallow appeared first on The Daily Hodl.
Digital asset analyst Jason Pizzino thinks a handful of altcoins have the potential to surge to new peaks. In an interview with the YouTube channel Crypto Tips, Pizzino says he’s bullish on DOT, the native asset for smart contract platform Polkadot. DOT is trading at $40.48 at time of writing and hit its all-time high […]
The post Analyst Jason Pizzino Unveils Top Altcoin Picks, Says Several Cryptos Primed To Hit All-Time Highs appeared first on The Daily Hodl.
