• The Graph experienced significant ecosystem growth in Q4 2022, according to a report from Messari titled “State of The Graph Q4 2022.”
• Participants on the network, including Indexers, Curators, and Delegators all increased within the three-month period under review.
• GRT’s price might be due for a reversal with a bearish divergence spotted on the daily chart.

The Graph Experiences Ecosystem Growth In Q4 2022

According to a recent report from Messari titled „State of The Graph Q4 2022,“ the open-source and decentralized indexing protocol for blockchain data The Graph experienced growth in key ecosystem metrics during the fourth quarter of 2022. The Graph is an open-source, decentralized protocol for collecting, processing, and storing data from blockchain applications for easy information retrieval. Deployed on the Ethereum blockchain, it helps developers to increase the efficiency of their decentralized applications (dApps) by using relevant data. The Graph analyzes and stores blockchain data in indices called Subgraphs which allows quick responses to queries sent to its protocol.

Growth Of Active Subgraphs On Mainnet

As of December 2022, there were 618 active subgraphs on the mainnet – representing a 25% increase from the previous quarter and 151% increase from the previous year. According to Messari, this growth is expected to continue over time as more people use and build upon it.

Participants On Network Increase

The ecosystem comprises Indexers who operate graph nodes to process and store on-chain data; Curators who signal which subgraphs are worth indexing; and Delegators who may lack technical know-how or resources to index but can delegate GRT tokens towards Indexers instead. As of December 2022, curators were signaling over 26 million GRT towards active subgraphs while query fees are further distributed among Delegators and Curators as rewards for their efforts on network. During Q4 2022 alone there was an 33% increase in Indexers while Curator count went up by 2%. Delegator number rose by 9% during same period too.

GRT Price Reversal Anticipated

GRT’s price might be due for a reversal with a bearish divergence spotted on its daily chart according to analysts predictions with realiable sources proving correct at times too..

Realistic Prospective Of GRT Market Cap

A second look reveals that ETH terms reflect realistic prospective regarding GRT market cap although no one knows what results lies ahead as markets can sometimes surprise us unexpectedly!

• Decentraland’s [MANA] price has rallied by over 8% in the past seven days due to the increased adoption of the token and the launch of various partnerships in the metaverse and NFT domain.
• According to CoinMarketCap, MANA is currently trading at $0.7781 with a market capitalization of more than $1.44 billion.
• Decentraland recently premiered the Domino’s Originals: DjMaRiiO documentary and announced its new musical metaverse mixer on Decentraland Metaverse.

Decentraland’s [MANA] token has been making headlines in the crypto space recently, as its price has been rallying over the last seven days. This surge has been fueled by the increased adoption of the token, as well as the launch of various partnerships in the metaverse and NFT domain.

CoinMarketCap data shows that MANA is currently trading at $0.7781 with a market capitalization of more than $1.44 billion. This represents an increase of over 8% in the token’s price over the last seven days.

The increased adoption of Decentraland’s token is the driving force behind this price surge. The company has recently announced various partnerships in the metaverse and NFT domain, which have been positively received by investors and enthusiasts.

For instance, Decentraland recently premiered the Domino’s Originals: DjMaRiiO documentary and announced its new musical metaverse mixer on Decentraland Metaverse. This new mixer will give participants the chance to win custom gaming PCs, limited edition Doritos wearables, and more.

The increased attention and adoption of Decentraland has also been reflected in the data from Polygon Daily. According to their latest report, Decentraland was the second most-mentioned Polygon project on Twitter in the last seven days.

CryptoQuant’s data also showed that the exchange outflow for Decentraland has spiked recently, indicating that the token is being actively traded on various exchanges. This, along with the other metrics, suggests that the token will continue to perform well in the coming weeks.

Overall, the recent developments in the Decentraland space are positive news for investors and enthusiasts alike. The increased adoption of the token and the launch of various new initiatives are helping to drive the price of MANA higher. As such, it will be interesting to see how Decentraland continues to perform in the coming weeks.

• Litecoin (LTC) has outperformed many top coins in the last few months, including Bitcoin (BTC) on key metrics.
• The number of Litecoin addresses has grown steadily in the last 12 months despite a rough bear market.
• Investors are more likely to flock towards a coin perceived as undervalued and one that has more potential gains ahead.

The crypto market has been extremely volatile over the past 12 months, with many coins struggling to maintain their value. However, one coin that has managed to outperform the competition is Litecoin (LTC). Over the past few months, Litecoin has seen impressive growth, outpacing Bitcoin (BTC) on key metrics.

This growth has been largely driven by strong address growth. Despite a volatile market, the total number of Litecoin addresses has steadily grown over the past 12 months, reaching 171,530,374 by 24 January. This means roughly 51 million addresses were created during this 12-month period. Comparatively, Bitcoin added a little over 88 million new addresses in the same period.

The impressive growth of Litecoin has been supported by large investors, or “whales”, who have been buying up large amounts of the coin. This has helped to reduce sell pressure and support the coin’s price. As a result, Litecoin has managed to rally by 146% from its 2022 lows to recent levels, while Bitcoin has only managed to rally by roughly 49%.

The strong growth in Litecoin has also been bolstered by its relatively undervalued status. Despite its impressive gains, the coin is still trading under $100, giving investors the opportunity to capitalize on potential gains. This has made Litecoin a popular choice for investors looking for a coin with a higher potential for growth.

Overall, the impressive growth of Litecoin has been driven by strong address growth and support from whales. This has enabled the coin to outperform many of its peers and remain relatively undervalued, making it an attractive option for investors looking for potential gains.

1. Ethereum (ETH) recently dropped below its $1,600 mark after Bitcoin (BTC) lost the $23k zone.
2. ETH is currently stuck in the $1,540 – $1,560 range and could fluctuate in this range for the short-term.
3. A move to the $1,700 zone could be possible if BTC moves beyond $23K, especially if the FOMC announcement next week triggers the markets positively.

The cryptocurrency market is always in flux, and Ethereum (ETH) is no exception. Recently, ETH dropped below its $1,600 mark after Bitcoin (BTC) lost the $23k zone. This drop occurred on 24 January, with BTC sharply declining to below $22.5k, pulling down ETH to $1,518. As of press time, ETH is struggling to break above the $1,560 mark, while BTC is hovering below the $22,800 level.

The short-term outlook for ETH is not looking too positive, as BTC’s loss of traction and velocity could force ETH into a short-term range before bulls attempt to target the green zone. On the 12-hour chart, ETH’s Relative Strength Index (RSI) and On-Balance Volume (OBV) are both declining, showing that the altcoin is in a mild bullish momentum and close to a neutral market structure. This could mean that ETH could fluctuate in the $1,540 – $1,560 range in the short term before attempting a retest of the $1,600 zone in the next couple of days/weeks.

However, there is a potential for ETH to move to the $1,700 zone if BTC moves beyond $23K. This could happen if the markets are positively triggered by the FOMC announcement next week. But overall, ETH’s weak fundamentals could delay any immediate price reversal and short-term Ethereum holders‘ profits could be cut to size. Therefore, investors should be watchful of the market movements and tread carefully when making any decisions.

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