Have you ever heard of Uniswap, Aave, Compound, Balancer, USDC, Synthetix, Sushiswap, MakerDAO, Yearn, Curve, or any popular dApps? They all functionally rely upon The Graph, which is like a combination of decentralized versions of Google, banking, social media, other service providers, and other industries.
There will be thousands of blockchain networks indexed by The Graph, millions of dApps/subgraphs, and trillions of daily queries in the future. Imagine everyone using their phone to transact, refresh, and interact with media/applications requiring The Graph data. Currently, there are 10-15 layer one blockchain networks (Ethereum, Avalanche, Solana, Polygon, and others) and hundreds of popular dApps using The Graph.
Before The Graph (GRT) existed, developers who wanted to create decentralized apps needed to index all of Ethereum’s data manually, which could take multiple developers months-years minimum to complete. The Graph indexes the previously unorganized blockchain data and makes it organized and more accessible for developers to create applications.
Today’s The Graph price is $0.164637 with a 24-hour trading volume of $64,687,135. The Graph is up 7.32% in the last 24 hours. The current CoinMarketCap ranking is #51, with a live market cap of $1,135,992,938. It has a circulating supply of 6,900,000,000 GRT coins and a max. supply of 10,057,044,431 GRT coins.
This guide provides pertinent information about the network, the Graph price today, its historical performance, and its prospects. Also, it gives a detailed Graph technical analysis and predictions for informational purposes.
What is the Graph?
The Graph network is a decentralized data querying and indexing protocol that allows seamless data sharing across applications and the blockchain. It is the first blockchain-based querying and indexing platform in the crypto sphere. Since its inception in 2018, it has hit several billions of data queries. In April 2021 alone, the Graph has processed over 20 billion data queries and has continued to gain more traction. It utilizes an ERC-20 token – GRT.
The blockchain, a decentralized database, is no doubt one of the revolutionary technologies of the modern age. It offers innumerable advantages over traditional database systems and finds application in every facet of our everyday lives. Some networks fail to quickly process and retrieve data from various apps on the network. This phenomenon is generally referred to as the “Blockchain Indexing problem.”
Like search engines’ webpage indexing, the Graph indexes data from supported blockchain networks like ETH, Arbitrum, Celo, XDAI, FANTOM, Avalanche, IPFS, BSC, Polygon, and PoA networks. The indexed data is grouped into subgraphs called publicly available APIs or open APIs accessible to developers. As of 2020, over 2300 subgraphs have been rolled out for several network participants.
After the institution of the Graph mainnet, the project created a viable environment for the absolute decentralization of Apps and ease of access to data on the blockchain. With its introduction of open APIs, developers and other participants on the network can easily create subgraphs to query, index, and fetch information for various DApps. Furthermore, the network’s functionality depends on Graph Nodes that execute a thorough scan of the blockchain’s database.
Indexing ensures that data structures about their use by DApps are defined. For efficient operations, the Graph requires the support of Indexers, Delegators, and Curators, all of whom make indexing services available to end-users, stake GRT tokens to protect the Graph network, and receive GRT tokens in reward payments. The incentivization of the contribution by developers and other participants to the network ensures that they provide accurate data and improve APIs. Also, end-users who query subgraphs get to pay GRT tokens to contributors via a gateway.
Indexers (yes, humans) create subgraphs and maintain them with the most accurate and up-to-date information. They are incentivized to do so because they receive both GRT rewards for indexing and a cut of the GRT query fees earned by the subgraphs they are indexing. dApps have already openly expressed that The Graph makes it easier to keep the indexes updated and maintained. The dApp developers don’t have to waste their time/resources to maintain their indexes. They prefer using The Graph versus drudging through the data themselves and maintaining their indexes.
The Graph offers developers cost-efficient, secure and intuitive APIs. Also, DApps can add data to the Ethereum network using smart contracts. Some of the fastest-growing DeFi platforms use the APIs provided by this network in the cryptosphere; Synthetix, Aragon, AAVE, DAOstack, Balancer, and Uniswap leverage this innovation to enhance data responsiveness.
The Graph Overview
Graph Overview
| Coin | Symbol | Price | Marketcap | Change | Last 24h | Supply | Volume (24h) |
|---|---|---|---|---|---|---|---|
 | GRT | $ 0.102023 | $ 755.15 M | 5.04% | 7.40 B | $ 76.43 M |
The Graph (GRT) price today
GRT is an Ethereum-based token that serves as the network’s central governance and utility token. It can be utilized for global value transfer. The holders of the tokens gain rights in the ecosystem, and rewards are issued in GRT.
The Graph price is established as GRT tokens are exchanged in the digital currency market. In addition, other specific factors that dictate the price of GRT are technical features, total supply, project roadmap, regulations, upgrades, circulating supply, mainstream use cases, investor sentiments, etc.
Use cases of the Graph (GRT) Network
The difficulty in querying data on the blockchain birthed the Graph (GRT) network, and its application is specific to this concern. The properties of the blockchain network, such as chain reorganizations, finality, and structured blocks, complicate the indexing process, making it onerous to extract accurate query outcomes from data blocks.
The Graph disentangles the process by utilizing a decentralized protocol known as subgraphs that facilitates the systematic indexing and querying of information stored on the blockchain. The Graph (GRT) creates a global API that development teams can use to streamline operations and reduce processing times. Applications built on The Graph efficiently function while maintaining their decentralization. The solution offered by this innovation has continued to gain massive traction in the crypto ecosystem, and more dApps use cases are beginning to surface.
The Graph Technical Analysis
The Graph token hit the all-time high of $1.20 in September 2021, after a continuous uptrend from the beginning of the month. There has been a continuous decline with prices making lower highs and lower lows. Currently, the GRT/USD pair is trading around $0.1542 levels and the immediate support is seen at $0.1450 levels (200- day moving averages). A break below this level can result in a further correction in prices with the next support coming in at $0.1250 levels.
The 4-hour price analysis for the GRT token reveals that the GRT/USD pair is following a descending channel pattern and is currently trading near the lower end of the channel. The RSI indicator is placed at 33 levels, which indicates that the prices may witness a minor bounce in the near term. However, the overall trend remains bearish as long as prices are trading below $02.
Graph’s price movements on a daily timeframe indicate the market is currently in a downtrend as prices are trading below the 200-day moving averages. Past performance shows the prices have been on a continuous decline since the beginning of September and have made lower highs and lower lows. The technical indicators show the MACD line is below the signal line and the histogram is also in the red, which indicates that the bears have the upper hand in the market. The RSI indicator is placed at 37 levels, which indicates that there is scope for a minor bounce on the charts and the market has no bullish signals.
However, as long as prices are trading below $0.2 levels, the downtrend is likely to continue. The next support on the downside is seen at $0.1450 levels and a break below these levels can result in a further decline in prices with the next support coming in at $0.1250 levels.
Since the start of 2022, GRT’s price has had a number of bearish fluctuations that are lower than the prior one. The other day, a few indicators signaled that the market was finally gaining traction from its slump. Most of the time, these are immediately followed by fluctuations, consolidation, and corrections. Taking all of this into account, the GRT market is competitive in 2022 due to the fact that the 60-day moving average surpasses the 20-day moving average.
Where to buy and sell the GRT?
GRT can be purchased on the following cryptocurrency exchanges: Binance, Kraken, Upbit, Huobi Global, Bitcoin.com, BitPanda, FTX, and Easy Crypto. Also, it is compatible with ERC-20 wallets, and Metamask is one of such free wallets available to users.
If, after buying GRT, you wish to HODL it for extended periods, cold storage or offline hardware wallets will come in handy. Hardware wallets ensure that your crypto holdings are not susceptible to online threats; the Ledger Nano X or Ledger Nano S wallets both support GRT.
The EU, the United Kingdom, and other countries have supported the Graph project. Thus, more traders will be able to take part in and benefit from GRT trading.
The Graph Price Prediction 2022-2030
Wallet Investor
According to Wallet Investor’s algorithm-based prediction, the price of Graph will be as high as $0.0932 by the end of 2022 from the current price. It might rise to a maximum of $0.0932, and it may fall to a minimum of $0.0311 in case of a bearish trap. Finally, by the end of 2025, GRT is expected to rise to a maximum of $0.0544 in price. The normal price may drop as low as $0.036 under the ordinary buy and sell pressure conditions. In contrast, the value could plummet to $0.0181.
Trading Beasts
Trading Beasts predict GRT’s maximum price would be $0.0635 as 2022 ends according to their deep technical analysis and price history. On the other hand, a market downturn might drop the price to $0.0432. And by 2022’s end, it would trade at $0.0508 under average buying and selling pressures.
Price Prediction
The Graph coin price prediction suggests a favorable price of $0.80 for the coin by 2022 and perhaps as much as $1.19 in ten years’ time. The projected GRT cost may rise 1087% from its present level over the next five years, reaching $5.58 in 2027. Their algorithm is based on a complex mathematical model that takes various market indicators into account such as moving averages, trends, wave patterns, cycles, support and resistance levels, as well as many other conditions.
Cryptopolitan
The Graph Price Prediction 2022
The Graph Token will likely improve to $0.50 in midyear, and the GRT may experience fluctuations throughout the year but will ultimately trade to maintain bullish support between $0.58 and $0.60 by November 2022. Given the crypto market’s lack of sharp shocks or a rocky road ahead, The Graph is prepared to strengthen its position as a major draw among its investor community.
The Graph (GRT) is expected to soar early-to-mid 2022 and will likely exceed $0.82 by December of that year. The cryptocurrency’s price may continue to rise and exceed $10 by the end of 2025. The road ahead is strewn with petals if investor confidence continues to rise, which will result in a significant boost for The Graph price as it rises towards $0.60 per GRT by our one-year price predictions.
The Graph Price Prediction 2023
The rise in the popularity of cryptocurrencies and blockchain technology may help The Graph break through the $0.7 resistance, according to technical analysis. A maximum price of $0.76 may be seen in the first half of 2023. The price is expected to find some support at around $0.64, and a potential rebound may help the token push through the $0.7 resistance and continue its upward trend.
From a long-term perspective, The Graph’s fundamentals remain strong, and the GRT is expected to continue its upward trend and reach $0.82 by the end of 2023.In the first half of 2023, if the drive for practical crypto persists, the price may rise to $0.99 during that time. According to The Graph (GRT) prediction, in the future, The graph value will achieve a new ATH milestone.
The Graph Price Prediction 2024
Looking further ahead, The Graph is expected to maintain its upward trend and reach $1.02 by 2024. The GRT is expected to continue to rise and exceed $10 by the end of 2025. The road ahead is strewn with petals if investor confidence continues to rise, which will result in a significant boost for The Graph price as it rises towards $0.60 per GRT by our one-year price predictions. The Graph has a bright future ahead of it. Still, GRT investors should do their own study before investing. At the year’s end, the price of the Graph coin may reach as high as $1.24.
The Graph Price Prediction 2025
The Graph is expected to maintain its upward trend and reach $1.02 by 2024. The GRT is expected to continue to rise and exceed $1.5 by the end of 2025. As per the predicted price and technical analysis, in 2025, the Graph’s price is expected to bottom out at $0.65 at the very least. With an average trade selling price of $0.80, the GRT price could rise as high as $1.27.
The GRT Price Prediction 2026
In 2026, Graph, or GRT, is expected to grow at a tremendous rate. As it has the potential to reach new price levels and market cap records, the Graph’s price is anticipated to rise above $0.93 in 2026. For the next five years after that, The Graph is predicted to attain a maximum of $0.93.
The Graph Price Prediction 2027
The Graph’s price is expected to bottom out at $0.65 in 2027, with an average trade selling price of $0.80. The GRT price could rise as high as $1.27 in the next five years.
The Graph Price Prediction 2028
From a long-term perspective, The Graph’s fundamentals remain strong, and the GRT is expected to continue its upward trend and reach $1.68 by the end of 2023. In the first half of 2028, if the drive for practical crypto persists, the price may rise to $1.02 during that time. According to The Graph (GRT) prediction, in the future, The graph value will reach a minimum of 1.62 in 2028.
The Graph Price Prediction 2029
Looking further ahead, The Graph is expected to maintain its upward trend and reach $2.37 by 2029. The GRT is expected to continue to rise and exceed $2.43 by the end of 2029. A minimum price of 2.37 is expected for GRT prices in the year 2029.
The Graph Price Prediction 2030
The Graph is expected to maintain its upward trend and reach $3.50 by 2030. GRT is expected to continue to rise and exceed $4.10 by the end of 2030. A minimum price of 3.08 is expected in the year 2030. Investors may anticipate a turnaround by the end of 2030 when adoption of The Graph would explode, and the GRT coin would be no longer a naive entrant in the cryptocurrency world, but a seasoned pro turning $4 per unit according to our GRT price predictions.
The Graph Price Prediction by Industry Experts
Yield App’s Tim Frost was quoted saying in an interview with capital.com that despite the fact that the token’s price has dropped in recent months, The Graph has solidified its position as a critical component of the DeFi infrastructure, which will play an important role in the future of graph crypto.
Frost added that there seems to be a lot of price support for The Graph Token at its present levels, and he thinks that The Graph might reach its all-time high price again later this year.
Conclusion
The graph crypto price prediction, as seen in the study above, is highly inconsistent. There is no consensus on whether or not future GRT prices will rise or fall. Indeed, the potential expansion in the future is dependent on a number of things: news, new technological solutions for The Graph projects, the crypto market as a whole, and so on. Nevertheless, The GRT crypto has a bright future ahead according to previous graph price analysis. With new heights for the GRT market and the entire virtual currencies, we may see GRT rise in future prices.
Source: https://www.cryptopolitan.com/the-graph-price-prediction/