The Graph token price has been riding an aggressive rally for the past six days recording 55% growth as the price jumped from $0.17 to $0.26. This surge is attributed to several factors including the network’s significant expansion in Q4 2023, the emergence of a bullish rounding bottom pattern, and the AI sector’s uplift from OpenAI’s Sora launch.
Will the ongoing momentum push GRT price above $0.3 in February?
Also Read: Top AI Tokens GRT, NEAR, AGIX Drive AI Sector Rally Amid OpenAI Sora Hype
The Graph Records Stellar Growth with 958M Queries in Q4
The Graph’s official Twitter account has revealed a significant uptick in the network’s use, with a 65% increase in queries processed in Q4 2023, reaching 958 million. This growth is supported by an expansive library of over 1,500 subgraphs. The adoption of Layer 2 has been substantial, with 83% of staked tokens now on L2, accompanied by the migration of 60% of queries and fees, and the deployment of nearly 300 new subgraphs on L
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