As Solana breaks through the crucial resistance level of $180, excitement spreads within its ecosystem, with tokens experiencing rapid double-digit gains. But one name stands out: Project Grass, which recently launched on October 28 as a Solana-based DePIN, is making waves, with GRASS being the forefront token that has captured market attention with its record from Green Day in 2019 and zero price volatility.

With the arrival of November, GRASS may lead the Solana rebound, positioning itself as a decisive force in the ecosystem.


Is now a good time to invest?

What is Grass (GRASS)?

Imagine earning passive income just by sharing unused internet bandwidth while contributing to a more transparent and ethical AI ecosystem. This is the vision of Grass Network (GRASS), a decentralized platform built on Solana that allows individuals to monetize their idle internet resources.

Grass does not allow companies to exploit your bandwidth; rather, it allows you to convert it into income, providing rewards through Grass points, token airdrops, and staking opportunities. By running the Grass application, your device becomes a node, securely collecting public network data, which is then anonymized and structured to train AI models.

Grass's unique zero-knowledge (ZK) processor ensures data integrity, tracking the source of each dataset to prevent AI bias and ensure transparency. Additionally, with its robust privacy-first architecture and regular security audits, Grass is setting new standards for decentralized data processing.

Current Market Status of Grass

Over the past week, GRASS has experienced significant growth, with a sharp upward trend on its 7-day chart indicating this. Starting from a historical low of $0.6415 on October 28, it has steadily risen and reached a historical peak of $1.94 on November 2, with a weekly increase of about 140.79%.

Despite the obvious surge, the cryptocurrency still exhibits some volatility, leading to a drop to $1.53, a decrease of 20.47%. On a daily scale, GRASS remains volatile but shows a strong upward trend overall. Currently, the price of GRASS is $1.53, up 15.41% within 24 hours, fluctuating between a low of $1.31 and a high of $1.81.

Following this positive price outlook, the token's intraday market capitalization is approximately $376.75 million, with a 24-hour trading volume of $318.14 million, indicating high liquidity and a volume-to-market cap ratio of 84.81%. However, GRASS has slightly retraced from a daily high of $1.81 to the current price, suggesting that short-term traders have taken some profits.

Grass (GRASS) Price Analysis

GRASS's self-reported circulating supply is 243.91 million of the 1 billion GRASS tokens, providing ample room for expansion and opening doors for potential future growth.

The 4-hour Bollinger Bands for GRASS highlight volatility, with the current price around $1.63, close to the upper band of $1.92. This upper limit typically signals an overbought area, indicating potential corrections or consolidations.

The simple moving average (SMA) is around $1.49, close to the 61.8% Fibonacci level, which could serve as potential support if a retracement occurs. Meanwhile, the lower bound of $1.06 indicates strong support within a high volatility range.

If GRASS maintains momentum above the SMA, it may retest the highs, but the resistance around $1.94 previously triggered a retracement, indicating that bullish traders should proceed with caution.