A popular cryptocurrency strategist is expressing bullish sentiment on one Ethereum (ETH)-based decentralized search engine altcoin.
The anonymous host of the Invest Answers channel tells his 441,000 YouTube subscribers in a new video that the blockchain data indexing protocol, The Graph (GRT), is the massively dominant search engine of decentralized networks.
“Now [The] Graph got my attention over two years ago because it is the Google of blockchain and Web3 needs transparency.”
According to the InvestAnswers’ host, The Graph could surge by around 521% from current levels during the next bull season.
“I believe The Graph could go over $1 for the next bull run. And remember, that could start six months from now, 14 months from now, or a year and a half from now.
But I do believe it will go over $1 which is a 7X from the current price, which is kind of crazy to think. It’s risky, but the rewards are there.”
The Graph is worth $0.161 at time of writing.
The host of InvestAnswers, however, says that investors should avoid putting their money on the blockchain data indexing protocol based on a fear of missing out (FOMO). The Graph is up by over 200% since November of 2022 when it hit an all-time low of $0.052.
“[The Graph] took a huge run. It’s gone up to 3x in a very short window of time. It’s coming back off of that euphoria as with all the other names going up 800%, 900%.
So not financial advice, but sit tight. Don’t kind of FOMO in.”