Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Grass Token: The AI-Powered Crypto That’s Gaining Traction

Grass Token: The AI-Powered Crypto That’s Gaining Traction

CoinEditionCoinEdition2024/11/07 16:00
By:Lipika Deka

Grass Token gains Fortune 500 demand, fueling its rapid price surge. The real float of Grass Token is just $60 million, creating scarcity. Partnerships with big brands like Xbox and Roku TV drive growth interest.

  • Grass Token gains Fortune 500 demand, fueling its rapid price surge.
  • The real float of Grass Token is just $60 million, creating scarcity.
  • Partnerships with big brands like Xbox and Roku TV drive growth interest.

Grass Token has experienced a significant price increase, with its market cap now at $717 million. This surge comes as speculation grows due to increased demand from major companies. Investors and analysts are interested in the token’s unique AI-powered growth model, limited supply, and strategic partnerships, which position it as a promising player in the crypto space.

Early adopters who invested in GRASS or held Gigabuds, a related token, have amassed substantial returns. For instance, one investor’s $9,000 investment in Gigabuds has reportedly soared to $50,000, leading to additional purchases of GRASS tokens when the price was still low.

Beyond just price momentum, the appeal of the GRASS protocol also lies in its ambitious technological goals. The project reportedly handles massive data, 80 terabytes daily, and has struck key partnerships with prominent Fortune 500 companies like Xbox and Roku TV. With over 2 million active nodes and 2.5 million daily active users, GRASS is emerging as a key player in the AI and blockchain space. 

Read also: Grass (GRASS) Price Prediction 2024-2030: Will GRASS Price Hit $10 Soon?

GRASS Staking and Liquidity Model

Project insiders even revealed that GRASS has a nine-figure demand from enterprises, signaling a strong potential for real-world applications and sustained growth. Future initiatives, including a creator program and a hardware device, are expected to further strengthen its position.

Analysts also note GRASS’s low circulating supply, with only about 10% of the total tokens in circulation. This limited liquidity, along with limited monthly selling pressure and high staking rewards, has created favorable conditions for short-term price appreciation.

Market watchers believe that a combination of strong demand, strategic scarcity, and technological innovation could propel GRASS to new heights. Although scalability and competition remain concerns, the community is optimistic, with many investors anticipating further partnership announcements.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

MagicBlock open sources a16z-backed ‘ephemeral rollup’ tech

MagicBlock went through a16z’s crypto startup accelerator and began advertising its tech earlier this year

Blockworks2024/12/18 09:55

MSTR to enter Nasdaq 100? We’ll know soon.

A Nasdaq spokesperson told me changes to the index would be announced tonight at 8 pm ET

Blockworks2024/12/18 09:33

Bitwise launches solana staking ETP in Europe as US applications linger

Bitwise signaled its plans to list a solana ETF in the US less than a month ago

Blockworks2024/12/18 09:33

Ex-Grayscale CEO shifts focus to tokenization

Michael Sonnenshein thinks bringing RWAs onchain “is one of the most exciting frontiers in the broader blockchain and digital assets space”

Blockworks2024/12/18 09:23