The price of grass encryption has recovered in the past few weeks, as investors are optimistic about its future and rewards. The distinctive code was traded at $ 2.20, an increase of 140 % over its lowest level this year.
The grass encryption price jumped for three main reasons. First, network data shows that the amount of data that is scraped continues to rise. The broken daily data rose to a record level of 1762 TB earlier this month, which means that it continued to grow.
Initially, Grass is a technology platform that collects data from knot operators from more than 190 countries. Only these users install the application on their computers, then the network cancels inactivity.
Grass then sells data to companies that build artificial intelligence models, an industry that continues to grow.
Second, the grass code jumped with the height of the return. Data He explains that the total jumping grass jumped to 35.69 million, at a value of more than $ 78 million. These holders get APY by 33.61 %, which is much higher than popular cryptocurrencies such as Ethereum and Solana.
Third, the grass code also maintained its value due to the constant demand for artificial intelligence solutions and the hope that the encryption market will return soon.
Read more: A new degree to study the grass for the development of the 2025 network
Technical analysis of grass prices
The eight -hour graph shows that the price of grass encryption has increased by 145 % of its lowest level. It has moved from a decrease of $ 0.9134 to the current $ 2.55, making it one of the best metal currencies in encryption.
The grass has already moved over the main resistance point at $ 1.9878, which is the highest swing on April 2. It also slowly constitutes the style of bullish science, which consists of a stage of vertical monotheism and monotheism.
The grass also moved above the level of decline by 38.2 %. Therefore, a less -resistant course of coin is bullish, with the next point to see its height at 3.88 dollars, which is about 72 % higher than the current level. This opinion will be confirmed when the currency rises above the resistance at $ 2.80.
Read more: Her grass encryption storms: Can it reach $ 5 soon?
