With the DeFi market booming a lot of projects are trying to reserve their place in the crypto space. Many analysts think that positive upgrades and developments can potentially push GRT to new heights. Read our GRT token prediction to make the best investment decisions.
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Table of Contents
The Graph Fundamental Analysis
The Graph is the protocol for fast, secure, and reliable data querying from blockchains like Ethereum, IPFS, and POA. The open APIs, called subgraphs, can be built and published by anyone. The Graph allows combining Web3 protocols so the developers can design dApps with more powerful features. It powers many Defi and Web3 ecosystem projects that can use GraphQL. The project has a hosted service that simplifies the process of creating and releasing the Apps.
The Graph was founded in 2018 by Yaniv Tal, Brandon Ramirex and Janiz Polhman, people with engineering backgrounds and previous experience in working together and dealing with projects like Ethereum, Decentraland, MuleSoft, Redhat, and Orchid. The main goal of the project is to bring decentralised reliable infrastructure to the public.
The subgraphs can be composed into a worldwide graph of public data that can be then transformed, reorganized, and shared across the applications so anyone can query them. They also can be built across the chains to give developers a choice where to deploy smart contracts. At the moment of publishing over 3000 subgraphs were already published by thousands of developers.
All data are stored and processed on the open networks with verifiable integrity. In December 2020 the Graph network finally went live. It is powered by the Graph (GRT) ERC-20 token. The token is used by the network participants to send the necessary resources for indexing and curation services. Indexers stack the GRT tokens to be able to process the queries, choose the subgraphs to index and earn APY rewards for the processing.
The Graph Live Price Chart
Token started a year trading for $0.35 and was increasing its value for the next 1,5 months. The first surge happened at the end of January, then it went for a correction before skyrocketing.
On February 12 GRT reached its all-time high of $2.88, but after that the price started to decline, bouncing following the bearish trend and not succeeding in rising to its highest point. The price dropped to $1.5 at the end of the month, then recovered, reaching $2, and then again went down.
GRT token was losing in value till it completely dropped to $0.7 at the end of May, then grew to $0.5 and started to stabilize the price, but already on the lower level. It was happening along with the overall crypto world crisis. In June it hit its all-time low of $0.43
At the beginning of May, though, GRT price started to recover and even reached $1 by the end of August. But then the value was reducing till the end of September when the token went up again. 2 first weeks of October were signified by the bearish tendencies. At the moment of publishing, the token is trading for $0.6 with ambiguous GRT price prediction. Some analysts think it established itself as a crucial component of DeFi infrastructure, but others don’t expect a bright future for the token.
The Graph Technical Analysis
The Graph has been experiencing a continuous downtrend since failing to break out of the resistance area between ~$2.3 – $2.9 in February 2021 until mid-June the same year, when the price started to consolidate, mostly in the ~$0.5 – $0.8 range. On the smaller scale, one might notice a bullish flag beginning around June 20, when GRT coin price bounced off the new low of $0.43 (possibly a new support level, or just an outlier for now) and hit ~$0.79 before reversing. By mid-July, it went down to ~$0.6. It might be argued, though, that this flag is not large enough to call for any action, so many investors choose to wait and monitor The Graph’s price movements for the time being.
The Graph Price Prediction
The Graph Price Prediction for 2023
The Graph Price Prediction for 2024
The Graph Price Prediction for 2025
The Graph Price Prediction for 2026
The Graph Price Prediction for 2030
Is The Graph coin a good investment?
What is The Graph coin?
How important is The Graph coin?
How high will The Graph crypto go?
What will The Graph be worth in 2025?
As it can be clear from the analysis cited above, The Graph (GRT) projections are rather contradictory. There is no universal consensus either about positive or negative future GRT price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the The Graph projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
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