Grass token price rose for three consecutive days, reaching its highest level since Feb. 23 as network data activity increased.
Grass reached a new high of $2.10, which is a 122% increase from its lowest point this year. This gives it a market valuation that exceeds fifty million dollars. The primary force behind the continuous rally is the amount of data scraped every day.
The statistic reached a new high of 1.32 million gigabytes on Wednesday, continuing its upward trend that began on February 15 when it surpassed 1 million gigabytes. Considering that it began the year at 2,600 gigabytes, this data has been on a significant increasing trajectory.
Since its debut, Grass has successfully scraped more than 109.7 million IP addresses and indexed 4.47 billion URLs; hence, it is continuing to build its network. To accomplish these metrics, the network has exerted a substantial amount of effort.
At the beginning of this month, it introduced the Grass Sion upgrade, which improved its capacity to scrape and handle multimodal online data. This upgrade also included improvements to its scraping algorithms, the introduction of horizontal computer scaling, and an increase in its scaling capability to one petabyte per day.
This year, Grass intends to have a more successful year than the one in 2024, when the number of its users increased from 0.2 million to 3 million. It is the intention of the creators to offer a standalone online application in addition to the Sion upgrade, and they intend to discontinue the Chrome extension.
According to the daily data, the price of the GRASS token reached its lowest point in January at $0.9130 before climbing back up to its current level of $2. The fact that it has risen above the 25-day moving average is promising.
The most essential thing to note is that the price of grass has formed a megaphone pattern, which is characterized by two trendlines that are ascending and diverging. This pattern often indicates a strong bullish breakout, which would be confirmed in this scenario if the price rose above the upper resistance level at $2.30.
In other words, this pattern represents a strong bullish breakout. A breakout of this kind could indicate further gains, which could potentially send the price closer to its all-time high of $3.9170, which would represent a 96% rise from the level it is currently trading at. A decline below the lower support level of $1.60, on the other hand, would render the bullish prognosis meaningless.
