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10 days 4 times, the leader of the DePIN track GRASS: Binance contract is live! Is it a dream or a pit, should we continue to invest or take profits?
Last night, Binance announced the launch of GRASS perpetual contracts, and this news immediately ignited market sentiment, with GRASS price soaring to $3.5, setting a new historical high. The trading volume exceeded $700 million within 24 hours, and since its launch on October 29, GRASS has accumulated a rise of over 400%. So the question arises, why this coin?
The amazing GRASS: A black technology for data monetization?
What is GRASS? It is the latest darling of the DePIN track. Simply put, if you casually hang some data, GRASS rewards you (TOKEN/POINT), this model is not only fresh but also a bit interesting.
Behind it stands top VC Polychain, and investment giants like Deiphi (the promoter of the once-king project LUNA) and Hack, who have injected a lot of trust. These major institutions are directly lifting it up, and GRASS has taken off like a rocket from the starting line.
That being said, this kind of DePIN operation is not simple. The reason GRASS attracts a bunch of VCs to lift it is because it captures two words: data. Everyone knows that AI is a necessity for the future of humanity, but AI cannot exist without data, and data has always been monopolized by a few large companies.
GRASS breaks this monopoly model by decentralizing data traceability. This kind of "democratized data sharing" sounds nice, but it clearly means "giving you money for your data," and this operation has quickly captured the hearts of a large number of loyal users and investors.
Technical analysis: RSI indicator and potential retracement pressure
The surge of GRASS is dazzling, let's take a look at the technical analysis.
The RSI of GRASS has rapidly risen from 55 two days ago to 71.8 after the recent price surge, indicating strong buying pressure, and has pushed the RSI into the overbought range. Such a rapid rise shows that the market is highly focused on GRASS, and even after the official announcement of a secondary airdrop, the RSI once reached 85.
