The Grass (GRASS) token has experienced a notable surge, increasing by 40% within a single day, and reaching an all-time high of $2.89 on Nov. 7, 2024.
The Grass (GRASS) token has experienced a notable surge, increasing by 40% within a single day, and reaching an all-time high of $2.89 on Nov. 7, 2024.
This rise follows a week of impressive gains, with the token appreciating 134.40% overall. As of the latest reporting, GRASS is trading at $2.64, with a market capitalization of approximately $629.60 million.
The recent price surge is attributed in part to a successful airdrop conducted on the Solana network which distributed GRASS tokens to a broad audience. The airdrop has significantly enhanced the token's visibility and has been a crucial factor in its recent price increase.
On Oct. 28, GRASS reached an all-time low of $0.6415, making the recent price escalation particularly striking. The token's increasing popularity has also been bolstered by its listing on several major crypto exchanges, including BYDFi, contributing to heightened trading volumes and user engagement.
Grass operates as a decentralized platform that utilizes unused internet bandwidth from node operators. This bandwidth is employed to collect and process public web data, which is then organized into datasets for artificial intelligence (AI) training.
The platform aims to support the development of AI models by providing structured data derived from the internet.
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