Will GRT Price Hit $0.5 Soon?

• The Bullish The Graph (GRT) price prediction ranges from $0.13 to $0.21.
• Analysis suggests that The Graph price might reach above $0.2.
• The Graph’s bearish market price prediction for 2023 is 0.055.

Aside from Bitcoin (BTC) and Ethereum (ETH), there are other digital currencies worth considering for people looking to diversify their portfolios and get experience with new cryptocurrencies. The Graph (GRT) is one of them.

The Graph (GRT) is an open-source and decentralized blockchain data indexing platform. Notably, it was intended to facilitate querying on the Ethereum network. The Graph network also enables developers to create subgraph-based APIs for distinct queries.

If you are interested in the future of GRT and want to know its predicted value for 2023, 2024, 2025, and 2030, keep reading!

The Graph (GRT) Market Overview

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What Is The Graph (GRT)?

The Graph (GRT) is an open-source and decentralized blockchain data indexing platform. The network’s purpose is to allow querying on Ethereum and enable developers to create several APIs known as subgraphs for different queries. The Graph now indexes data from Ethereum, IPFS, and POA, with support for other networks on the way.

The Graph gathered funding from community members, strategic VCs, and influential persons in the blockchain world, including Coinbase Ventures, DCG, Framework, ParaFi Capital, CoinFund, DTC, Multicoin, Reciprocal Ventures, SPC, Tally Capital, and others, to fund network development. 

The Graph network was the first blockchain project of its sort to launch. The Graph offers a distinct utility as the first decentralized market for querying and indexing data for dApps. This makes it an intriguing initiative in the blockchain and cryptocurrency space, which may reflect in the price of The Graph.

GRT will be an ERC-20 token on the Ethereum blockchain to allocate network resources. Active Indexors, Curators, and Delegators can earn from the network based on how much work they do and how much GRT they stake. Curators receive a part of query fees for the subgraphs they signal on. In contrast, indexers receive indexing incentives, and query fees receive a share of the Delegators from the assigned indexers.

Thanks to The Graph, blockchains now have an open data layer, which allows indexers to operate Graph Nodes on top of them using either their Ethereum archive nodes or node operators like Infura or Alchemy. Any analytics firm can create a program that allows users to search through subgraph data stored in The Graph’s index. The most seamless and practical approach to extracting data from the blockchain is to use subgraphs, which are open APIs.

Analysts’ View on The Graph (GRT)

Currently, one analyst on Twitter shared that he has been waiting for GRT to buy, but he said he will buy after a few dips after price consolidation. 

Another analyst shilled us that AI coins are loading investors with lots of money lately.

Moreover, people are saying that one of the most undervalued AI projects is GRT, which is being pumped by 300%. 

The Graph (GRT) Current Market Status

The maximum supply of The Graph  (GRT) is infinite, while its circulating supply is 9,225,315,541 GRT, according to CoinMarketCap. At the time of writing, The Graph is trading at $0.0898 representing 24 hours increase of 2.63%. The trading volume of The Graph in the past 24 hours is $26,267,558 which represents a 34.25% increase.

Some top cryptocurrency exchanges for trading The Graph (GRT) are Binance, Coinbase, Kucoin, and Kraken, etc. 

Now that you know The Graph and its current market status, we shall discuss the price analysis of  The Graph  (APE ) for 2023.

The Graph (GRT) Price Analysis 2023

Will The Graph blockchain’s most recent improvements, additions, and modifications help its price rise? Moreover, will the changes in the payment and crypto industry affect APE’s sentiment over time? Read more to find out about The Graph’s 2023 price analysis.

The Graph  (GRT) Price Analysis – Bollinger Bands

The Bollinger bands are a type of price envelope developed by John Bollinger. It gives a range with an upper and lower limit for the price to fluctuate. The Bollinger bands work on the principle of standard deviation and period (time). 

The upper band as shown in the chart is calculated by adding two times the standard deviation to the Simple Moving Average while the lower band is calculated by subtracting two times the standard deviation from the Simple Moving Average.

The chart above shows that GRT has been on a downward trend since mid-April 2023. It made lower highs and lower lows. Moreover, since late July, GRT has been residing in the lower half of Bollinger while touching the lower band quite frequently. 

Currently, the downtrend seems to have changed as GRT has moved diagonally towards the upper Bollinger band. It has kissed the band and therefore, the market may correct the prices of GRT, and the token could retrace and fall back towards the SMA.

When looking at the chart above we can see that GRT hasn’t had much movement in the upward direction. It has been more or less of a correction in the market than actually an uptrend. As GRT has currently touched the upper band, there is a chance that this could be another correction in the market, However, this doesn’t nullify the fact that this could be the beginning of an uptrend.

Moreover, the Bollinger band width percentile indicator which reads a value of 37% is rising and is pointing upwards. As such there could be more volatility in the future for GRT and the price of the token could rise or fall in value by a large margin.

The Graph  (GRT) Price Analysis- Relative Strength Index 

The Relative Strength Index is an indicator that is used to measure whether the price of a cryptocurrency is over or undervalued. For this purpose, it has two extreme regions known as the overbought and oversold regions. 

When the RSI reads a value (>70) then the crypto is overbought, which means that due to more buying the demand has increased as such the price has also increased. On the other hand, when it is oversold, many are selling, as such, its price is undervalued.

The above chart shows that the RSI reads a value of 51 and it seems to be heading downwards. If the bears keep ruling the market then the RSI may keep falling and reach the oversold region. However, it may be interrupted by the Signal line. If the RSI falls below the Signal line, then GRT could be bearish. 

Moreover, the RSI indicator could also be used to find out divergences. Usually, the RSI follows the cryptocurrency’s behavior but at some point when either of these moves in the opposite direction, it could be called a divergence.

The Graph (GRT) Price Analysis – Moving Average

The exponential moving average is not much different from the simple moving average. The EMA gives more weightage to the present prices while the SMA equally distributes the values to the frequency. Hence, when the EMA is plotted in the graph it gives a rough idea about how the cryptocurrency has been performing in the past. 

Moreover, the 50-day EMA is considered the short-term length, and the 200-day EMA is considered the long-term.  Whenever the 50-day EMA crosses the 200-day EMA from below it is called a Golden cross, while if it crosses from above, then it is a death cross. However, in this case, we will be using the 50-day EMA as the long-term length and the 10-day EMA as the short-term length. 

The Moving averages displayed in the chart above show that the short and long-term EMAs haven’t had much action in the recent past. Currently, GRT is testing the 50-day EMA after its downtrend changed. If more buyers enter the market at this stage, there is a high chance that GRT could break the 50-day EMA and reach the 200-day EMA. Moreover, the Moving Average Deviation rate indicator at the bottom of the chart reads a value of 4. It has touched the upper limit, therefore the maximum distance between the crypto and the EMA has been reached. Hence, we may see the gap between the GRT and the EMA reduce in the future.   

The Graph  Price Prediction 2023-2030 Overview

The Graph (GRT) Price Prediction 2023

When looking at the chart above, we can see that GRT has been trading inside a falling wedge since April 2023. It has been making lower highs and lower lows at times breaking the lower trendline of the wedge. Currently, GRT has touched the upper trendline of the wedge. Hence, there is a high chance that GRT could ricochet off it and fall to the lower trendline before breaking out of the falling wedge. 

If GRT goes through a conventional break, then, as per the theory it should at least rise to the $0.135 level. However, if the buyers enter the market and start to dominate it, then, there is a high chance that GRT could break the $0.135 and rise to $0.173 breaking the $0.15 level. Another possibility is that if GRT follows its February 2023 spike pattern, then, it may reach $0.21 in no time. 

In contrast, if GRT is maneuvered by bears then it may test the support at $0.08 before crashing to $0.055 for help.

The Graph (GRT) Price Prediction – Resistance and Support Levels

The chart above shows how GRT spiked above the 1:1 Gann fan line from the beginning of 2023 to the first week of February. However, this spike was followed by a period of descending where GRT started crashing between the 1:1 and 3:1 Gann lines. At times it tested the 4:1 Gann line but was rejected. Currently, GRT is testing the 3:1 Gann line. It may break it and test the 8:1 Gann line.  

The Graph (GRT) Price Prediction 2024

The cryptocurrency market is known to repeat history, and most cryptocurrencies follow the Bitcoin trend. With 2024 as the year of the Bitcoin halving, there will be many sentiments toward the market, which is always bullish. We can expect the price of The Graph (GRT) to react positively to the news and trade at around $0.7905 by the end of 2024.

The Graph (GRT) Price Prediction 2025

The effect of any Bitcoin correction is experienced in the following year from recent history. If GRT ends in 2024 for $1.1166 or more, we can expect the price of GRT to grow in 2025. This could make GRT trade in 2015, considering investors will be bullish.

The Graph (GRT) Price Prediction 2026

With the rise in cryptocurrency adoption in the mainstream, we can expect a possible market reversal in 2026 to have little impact on the recent gains in the price of GRT. Hence, GRT could end in 2026 at around $1.5020 or more. 

The Graph (GRT) Price Prediction 2027

The most bearish market is followed by market consolidation in the next year. If the year 2026 turns out to be bearish for GRT, we could expect the market to stabilize in 2027 and even trade higher. Hence, it is possible to see GRT trade at around $1.8788 in 2027 hence of reaching a new all-time high (ATH) price.

The Graph (GRT) Price Prediction 2028

The Graph is likely to trade above its 2025 price prediction of $2.2556 in 2028 due to the Bitcoin halving. With the powerful sentiment of investors to buy more cryptocurrencies, a buy pressure could be seen in the market, which will make GRT trade at around $2.2556 in 2028.

The Graph (GRT) Price Prediction 2029

The most impact of a bullish sentiment resulting from Bitcoin halving is mainly experienced in the coming year. We can expect the price of GRT to break more psychological resistance and trade around $2.6324 by the end of 2029.

The Graph (GRT) Price Prediction 2030

The impact of cryptocurrency adoption could stabilize the market by 2030, sustaining the bullish gains of the previous years. Hence, we can expect the price of GRT to trade above $3.5117 by the end of 2030.

The Graph (GRT) Price Prediction 2040

According to our long-term Shiba Inu price estimate, Shiba Inu prices could reach a new all-time high this year. If the current growth rate continues, we could anticipate an average price of $8.4280 by 2040. If the market becomes bullish, the price of Shiba Inu may increase beyond our 2040 forecast.

The Graph (GRT) Price Prediction 2050

According to our GRT forecast, the average price of The Graph in 2050 might be above $18.5417. If more investors are drawn to GRT between these years, the price of GRT in 2050 could be far higher than our projection.

Conclusion

As said above, it may reach over $3.5 in 2030 if investors have decided that GRT is a good investment along with mainstream cryptocurrencies.

FAQ

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and affiliates will not be held liable for direct damage or loss.

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