GRASS Token Faces Price Dip, Analysts Predict Potential Breakout
Today, the price of GRASS, a decentralized web crawling and AI infrastructure token, fell by over 9%, now trading at $1.96. However, experts believe this could be a temporary setback.
GRASS aims to make internet-scale data accessible to everyone. It does this by creating a decentralized network with over 3 million active nodes. Users share their unused bandwidth to help scrape and index the web. This builds an open, user-owned knowledge graph.This data is then used for AI training and other applications,challenging big tech’s control over web data.
The project has made significant progress. The recent Sion upgrade improved its ability to process various types of web data, including text, images, and 4K video. This upgrade introduced advanced scraping algorithms and increased the network’s data handling capacity to over 1 petabyte per day.
Technical analysis suggests that GRASS may be entering a consolidation phase before a potential breakout. Despite the recent price dip, the project’s fundamentals remain strong. The network has indexed 4.47 billion URLs since its launch. Additionally, 30% of claimed tokens are staked, showing the community’s long-term commitment.
