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What happened?
The $GRASS price has broken the $2 barrier for the first time since March, with a 35% surge on the daily. Better-than-expected US inflation data and a favorable US-China trade agreement have revitalized risk-on sentiment. This movement ends a two-month consolidation phase and establishes $GRASS as a notable crypto investment option.
Who does this affect?
This development impacts investors and traders in the cryptocurrency market, especially those holding or interested in $GRASS. New investors considering crypto purchases will also find $GRASS becoming a more attractive option. Additionally, the broader retail market might experience increased activity as fresh liquidity enters the space.
Why does this matter?
The break past $2 could significantly impact the crypto market by boosting investor confidence in $GRASS and potentially driving further price increases. The movement suggests sustained growth potential, with predictions of a possible 160% surge if momentum continues. However, caution is advised as the sharp rise may lead to a market correction in the short term.
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