GRASS Price Analysis: From $0.64 to $1.94, Will It Reach $7 in 2024?

Bittime - GRASS Price Analysis: From $0.64 to $1.94, Will It Reach $7 in 2024? The GRASS token, which is based on the Solana network, has attracted the attention of the crypto market since its launch on October 28. 

The Grass project leverages DePIN technology which allows users to generate passive income through the use of unused internet bandwidth. 

With such promising prospects, many investors are curious whether GRASS can reach a price of $7 in the near future.

Also read $GRASS Price Prediction in 2025: Potential to reach $20?

What is Grass (GRASS)?

Grass Network (GRASS) is a decentralized platform that allows users to earn extra income by sharing their unused internet bandwidth. 

Built on Solana, Grass operates on a secure and privacy-preserving system, leveraging zero-knowledge (ZK) technology to ensure data integrity. 

Through the Grass application, user devices become nodes that collect data anonymously, helping train AI models with transparent and ethical data.

Also read: $GRASS Price Fails to Break $2, Is It Time to Buy Now?

Current GRASS Market Analysis

GRASS has seen a significant price increase since its launch, rising from a low of $0.6415 to a high of $1.94 on November 2, recording a weekly gain of 140%. 

Currently, GRASS is trading around $1.53 with a market cap of $376.75 million. 

Despite the decline from its highs, the high trading volume of $318.14 million indicates strong market interest in the token.

Also read How to Withdraw $GRASS Airdrop Tokens

GRASS Price Technical Analysis

Bollinger Bands

Bollinger Bands analysis on the 4-hour chart shows that GRASS is currently approaching the upper line, with the $1.92 level being the overbought area. 

Meanwhile, the center line (SMA) around $1.49 provides potential support in case of a correction.

Relative Strength Index (RSI)

GRASS 4-hour RSI is at 58.26, indicating moderate bullish momentum but not reaching overbought levels. 

This indicates that there is room for further upside movement before reaching the resistance level.

Moving Average Convergence Divergence (MACD)

The MACD shows bearish pressure, with the MACD line below the signal line, indicating potential downward pressure.

GRASS Price Prediction 2024

With technical indicators showing a strong bullish trend, the GRASS price is projected to reach around $4.02 by the end of this year. 

However, if there is a change in market sentiment, the price could return to the lowest support level at $0.6415.

GRASS Price Prediction 2025 Able to Reach $7?

According to long-term projections, the GRASS token could reach $7.25 by 2025, mainly driven by the momentum after the 2024 Bitcoin halving. 

However, market fluctuations may cause a correction down to the $3.80 range, reflecting volatility and profit-taking from investors.

Conclusion

With the positive developments in the Solana network and the traction of Grass Network, GRASS has the potential to reach the $7 price target in the long term. 

For investors looking for long-term opportunities in the crypto ecosystem, GRASS could be an interesting asset to consider. 

Reference: *coinedition.com/grass-price-prediction*

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