The Graph (GRT) is going through a significant drop, which is in line with the overall bearish direction in the market. In the past week, the token has dropped almost 12%, which shows big losses due to ongoing market pressure.
Even though it’s having a hard time right now, The Graph is getting ready for a possible turnaround by making improvements to its platform.CoinGecko says that the recent drop in the value of GRT shows how badly the market downturn has hurt altcoins.
GRT Introduces New Tools
In answer, the people who work on The Graph are putting out new tools that will make it easier to work with data on the platform. As part of the New Era roadmap that was released in late 2023, these changes add Firehose and Substreams.
Firehose will offer real-time data streams, which will make accessing blockchain data faster and more efficient. The goal of this update is to lower delay and make the user experience better. At the same time, Substreams will let coders pick specific data sets, which will speed up data retrieval and make it more accurate.
These improvements should make The Graph stronger, especially in the growing field of artificial intelligence. Uniswap data was used by The Graph to launch Agentc in May, a tool that works like ChatGPT.
But the picture for the GRT market is still bleak because bearish conditions are still present. If GRT goes below $0.1715, it could lead to more drops and maybe even panic selling. Investors will need to keep a close eye on the market because continued bearish mood could cause a significant decline that could bring GRT back to levels seen in the middle of February.
