GRT’s current situation reflects the pessimism experienced by the broader market. Today total market capitalization shows a percentage decline as major cryptocurrencies return to levels investors can sustain. On the altcoin side, GRT is one of the tokens that has been hit tough by the bears.

According to CoinGecko, the token is down almost 12% since last week, showing exaggerated losses amidst continued downward pressure. While the token’s performance on the market has left much to be desired, the creators of The Graph are preparing something that could turn the tide.

More Web3 data will be handled by the graph

Chart recently published a blog post about their plans to introduce fresh indexer tools, which will further enhance the platform’s data-handling capabilities. They are introducing two specialized tools that will lend a hand grow the platform’s ecosystem, namely Firehose and Substreams. The update is part of their Modern Era Road Mapa path set out in overdue 2023, providing developers, users, and investors with a clear picture of where The Graph is headed.

Two fresh tools provide indexers with different levels of data streams. Fire hose will provide real-time data, which will augment the “immediacy and responsiveness of access to blockchain data.” This will lend a hand applications access data quickly, reducing latency and thus improving the user experience.

On the other hand, Substreams is more exact, giving developers the ability to select the data they need for their applications. This will improve data retrieval because their systems won’t have to search the database to find specific data.

Both tools will serve the platform’s data-handling niche, giving developers the flexibility to choose whether they want a real-time data stream or select, more specialized access to specific data sets. This improvement would largely benefit the platform as it seeks to expand its AI base. In May of last year, the platform announced the launch of Agentc, a “ChatGPT-like tool” built on The Graph’s Uniswap data.

Is there more pain ahead?

More pain is just around the corner for investors as bears have a stranglehold on the GRT market. With major cryptocurrencies also struggling to maintain their positions at more appropriate levels, the altcoin market is set to fall more in the first few weeks of the month.

GRT bears will maintain control of the market as long as market conditions are favorable for selling. A break of the 0.1715 line will significantly worsen the situation, which could turn it into a sell-off. GRT bulls should then try to hold on to this line as any further gains by the bears will signal a possible return to mid-February levels.

Featured image from Asia Crypto Today, Chart from TradingView