The price of The Graph's (CRYPTO:GRT) native token, GRT, has declined by 27% in the past month, currently trading at $0.19.
Despite this, an on-chain metric, the market value to realized value (MVRV) ratio, suggests GRT is undervalued, presenting a potential buying opportunity.
The negative MVRV ratios for both 30-day and 90-day moving averages indicate that GRT's market value is below the average acquisition price, historically signaling a favorable entry point.
Additionally, GRT's network activity has seen a 13% increase in daily active addresses and a 5% rise in new addresses created daily, indicating growing interest and engagement among investors.