. Thus, it remains to be seen whether holding GRT would be a good idea for its investors in the future., the revenue generated by stakers depreciated by 21% in the last week. However, the number of stakers continued to grow and stood atIn terms of on-chain metrics, The Graph Protocol witnessed a decline in its activityAnother indicator of declining activity would be the Protocol’s depreciating velocity.
However, even though there were a lot of bearish indicators against GRT, its MVRV had been climbing steadily over the last few days. Even so, the reading of MVRV was still negative. Thus, implying that if most holders were to sell their positions, they would do it at a massive loss. If the MVRV goes into positive territory, holders could be tempted to sell their holdings and exit their positions.That said, it’s very important to assess your risk appetite before deciding to invest in GRT. In a bear market, such as the ongoing one, investors shouldn’t forget to cut losses.Subscribe to get it daily in your inbox.