The Graph is a decentralized protocol that allows developers to efficiently build and access data-intensive applications by querying and indexing data from blockchain networks. As the demand for decentralized applications (dApps) continues to rise, so does the value and utility of The Graph protocol. As a result, predicting The Graph’s future price has become an important topic for both investors and enthusiasts. In this article, we will look at various factors that could affect GRT’s price and make a The Graph price prediction for the near future.
What Is The Graph?
The Graph is a decentralized protocol for indexing, querying, and analyzing data from blockchains like Ethereum. The goal of the Graph is to make it easier for developers to create and access data-intensive decentralized applications (dApps).
Yaniv Tal, Jannis Pohlmann, and Brandon Ramirez created the Graph protocol in 2018 with the goal of providing a scalable and decentralized infrastructure for indexing and querying data from blockchains. The Graph team recognized that existing blockchain indexing solutions were scalability and efficiency limited, making it difficult for developers to build applications that required access to large amounts of blockchain data.
To address this issue, The Graph employs a decentralized network of nodes known as Indexers to index and store data from blockchains. Developers can then use The Graph’s Query Language (GraphQL) to retrieve the indexed data and create dApps that require blockchain data access.
To access indexed data and query the network, users must pay fees in the form of The Graph’s native token, GRT. Indexers are incentivized to provide high-quality indexing services by receiving a portion of the fees collected from users. Curators, who assist in the identification and curation of high-quality subgraphs (datasets) for indexing, also receive a portion of the fees.
Top Recommended Platforms
Cryptocurrency assets are volatile in nature. Buy and trade at your own risk.
73% of retail investor accounts lose money trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Trading with financial instruments carries high level of risks that is not suitable for all investors. Before making any investment decisions, you should seek advice from independent financial advisor to ensure you understand the risks involved.
Trading with financial instruments carries high level of risks that is not suitable for all investors. Before making any investment decisions, you should seek advice from independent financial advisor to ensure you understand the risks involved.
In summary, The Graph is a decentralized protocol for indexing and querying data from blockchains. It is based on a token economy and rewards users for providing high-quality indexing and curation services. The Graph’s utility and value are expected to grow as the demand for decentralized applications grows.
The Graph Price Prediction Technical Analysis
The Graph’s current price is $0.11, and GRT is currently ranked #42 in the entire crypto ecosystem, according to the most recent data. The Graph has a total supply of 8,951,554,263 coins and a market capitalization of $1,012,672,887.
In the last 24 hours, the cryptocurrency’s value has dropped by -4.83%. When we compare the current GRT market cap to yesterday’s, we can see that it has also decreased.
The Graph is struggling to gain traction with other crypto coins. The GRT has dropped nearly -13.67% in the last seven days. The coin has been displaying risky framing segments in recent days. Despite the coin’s solid fundamentals, we do not believe it will be a profitable asset in the near future.
GRT’s price has fallen by -26.778% in the last month, deducting an average of $0.041 from its current value. This abrupt drop indicates that the coin is currently in a trough, implying that it could be a good buy opportunity for a quick investment.
The 90-day price change is approximately 33.97%, with the price ranging in the previous 90 days from a minimum average price of $0.073 to a maximum average price of $0.082.
Over the last four months, the graph has shown an upward trend. As a result, we believe that similar market segments were popular at the time. The Graph’s trading volume has increased in the last four months, according to the most recent data. The trading volume has a large influence on the price.
The coin has increased by 50.68% in the last four months, with a maximum average price of around $0.059 and a minimum average price of around $0.054.
The Graph Price Prediction History
The Graph (GRT) was first available for trading on major cryptocurrency exchanges such as Binance, Coinbase, and Kraken on December 17th, 2020. Since then, the price of The Graph has fluctuated significantly.
The Graph’s initial price was around $0.20, and its market capitalization was around $60 million at the time of its launch. However, the price of GRT skyrocketed in the first few weeks, reaching an all-time high of $2.80 on February 12th, 2021. Since its inception, the price has more than tenfold increased, and the market capitalization has surpassed $2 billion.
The Graph experienced a significant price correction following the price surge, dropping to around $0.80 by early March 2021. However, the price recovered quickly, and by late April 2021, it had surpassed its previous all-time high, reaching $2.90.
Since then, The Graph’s price has remained volatile, ranging between $1.50 and $2.50 for the remainder of 2021. The Graph’s price as of May 9th, 2023 is around $1.86, with a market capitalization of around $1.7 billion.
The price history of the Graph has been marked by significant price surges and corrections. Its value has been influenced by a number of factors, including market sentiment, demand for decentralized applications, and network upgrades. As the use of decentralized applications grows, it will be interesting to see how the price of The Graph changes over time.
Expert Opinions
Wallet Investor
“According to Wallet Investor’s GRT price prediction, GRT can be a bad, high-risk 1-year investment option.” The Graph price today is $0.13, but your current investment may be devalued in the future based on The Graph forecast.”
Coinpedia
“The Graph is still an ongoing market development project.” The GRT is currently in a bearish trap, trading below $1. The Graph price could reach a high of $0.251 in 2023, according to our GRT price prediction.”
Coin Price Forecast
“The Graph’s forecasted price at the end of 2023 is $0.20- and the year-to-year change is +52%.” The price of GRT will increase by +112% year on year to $0.28 in 2024.”
Price Prediction
“According to Price Prediction experts, the Graph coin price forecast may reach around $0.19 by 2023 and may rise to $0.29 by 2024.” The predicted GRT price in 2027 could be $0.81.”
ICOcreed
“The Graph’s price is expected to reach a minimum of $7.75 in 2030.” In 2030, the Graph price may reach a high of $9.21 with an average trading price of $8.02.”
The Graph Price Prediction
The Graph Price Prediction 2023
According to AMBCrypto’s analysis, the Graph’s price in 2023 should be between $0.011 and $0.016 with an average price of around $0.013.
Past price data and CryptoNewsZ’s The Graph price prediction show that the crypto value will peak at $0.285, with a minimum price of $0.117 in 2023. The average price is expected to be around $0.201. If you buy GRT tokens at the right time, you could make a lot of money because their value is only going up.
The Graph’s lowest price in 2023, according to Changelly’s technical analysis, will be $0.0986105046. The highest possible GRT price is $0.121071575. The average trading price is expected to be $0.1435326453.
The Graph Price Prediction 2025
The Graph will most likely invent new ways to index and leverage its data by 2025, according to Trading Education. In 2025, the Graph is expected to rise 65.97% above its all-time high, to an annual average of $4.78. The lowest GRT price forecast for 2025 is $2.40, while the highest is $5.81.
Bitnation anticipates that The Graph will rapidly expand in 2025 as cryptocurrency gains traction in a variety of business sectors. As a result, the price may rise to $0.43053, with a mean of $0.39654. The graph showed a minimum price of $0.362551.
The Graph’s price in 2025 is expected to be around $0.35, according to Price Prediction’s in-depth technical analysis of GRT price history. The Graph’s price in USD can reach a maximum of $0.42, with an average trading value of $0.36.
The Graph Price Prediction 2030
According to The Graph, GRT will have a maximum price of $1.428 in 2030 and a minimum price of $0.992 in 2030. At the same time, according to CryptoNewsZ The Graph price prediction 2030, the GRT coin’s average price could be around $1.210.
Changelly cryptocurrency analysts are ready to reveal their The Graph price predictions. The year 2030 will be determined by the maximum GRT price of $2.97. It is possible, however, that the rate will fall to around $2.45. As a result, the average trading price will be $2.54.
According to AMBCrypto’s analysis, the Graph price for 2030 should be in the $0.3 to $0.45 range, with the average price of GRT being around $0.38.
FAQs
Is The Graph a good investment?
GRT cryptocurrency is, indeed, a wise investment. According to our projections, the best time to buy The Graph token is now. GRT’s price recently fell below $0.6, indicating a bearish signal. It has, however, regained its lost momentum and may now show a significant increase.
Can you mine GRT?
Instead of mining GRT, you can stake it to earn new tokens passively via a wallet, which aids in network security. You can also transfer your tokens to another validator or join the network to earn fees by indexing data.
What is the future of GRT?
The future of the Graph is heavily reliant on the overall performance of the cryptocurrency industry. When it comes to investing in GRT, you must make certain that you use the proper strategy. This investment is not suitable for those who have an asymmetric risk profile. It remains, however, an excellent investment for those with a high risk tolerance and a strong financial position. Apart from its speculative nature, GRT exposes investors to global technology and an ever-expanding ecosystem.
