1 GRT = ₿394 Satoshi -- Is it still on the prowl for prey?

_{(Chart by TradingView)}

The Graph's alligator to Bitcoin has been moving lower, like an alligator stalking its prey, until it almost caught its target at ₿350 Satoshi after early July. However, it then started moving higher again.

Also, the Moving Average Convergence Divergence (MACD) indicator is signaling a bullish trend for this asset, which suggests that the price may continue to rise.

In addition, the Stochastic Relative Strength Index (RSI) is currently in a neutral range, which suggests that the asset's price is neither overbought nor oversold.

Now, the alligator's mouth remains slightly agape, its upward tilt suggesting that it is still on the prowl for prey.

Let's keep an eye on this The Graph alligator as it goes up against Bitcoin.

About The Graph (GRT)

The Graph (GRT) is a decentralized protocol for indexing and querying blockchain data. It makes it possible to query data that is difficult to query directly, such as the data stored in smart contracts. The Graph is built on Ethereum and uses GraphQL as its query language.

Here are some of the benefits of using The Graph:

• It is decentralized, which means that there is no single point of failure.
• It is scalable, so it can handle a large volume of queries.
• It is secure, as the data is stored on the Ethereum blockchain.
• It is easy to use, as it uses GraphQL as its query language.

The Graph is used by a variety of projects, including Uniswap, Synthetix, and The NFT. It is a key component of the decentralized web, and it is likely to see increased adoption in the future.

Here are some examples of how The Graph is being used:

• Uniswap uses The Graph to index its trading data, so that developers can build applications that query this data.
• Synthetix uses The Graph to index its synthetic asset data, so that developers can build applications that trade these assets.
• The NFT uses The Graph to index its non-fungible token data, so that developers can build applications that explore and manage these tokens.

The Graph is a powerful tool that can be used to index and query blockchain data. It is decentralized, scalable, secure, and easy to use. It is likely to see increased adoption in the future as the decentralized web continues to grow.

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