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The Graph Fundamental Analysis
The Graph (GRT) is an ERC-20 utility token on The Graph Network, which is the indexing service for the blockchain (starting with Ethereum) and IPFS. This project was launched in 2020 by a team with some serious technical background and has already been called “Google for blockchain”.
Blockchain is, at its core, a database. However, for all its advantages over most of the traditional databases – like immutability and decentralization – it lacks one of their most important features: the way to easily and quickly retrieve the data stored inside. This is especially glaring if a query requires a combination of methods. Enter The Graph – a decentralized protocol that solves this problem by utilizing the subgraphs – a kind of an open API that can be created by any developer to retrieve the data needed for their dApp. The Graph Nodes then process, index, store, and serve this data back to the users.
There are three types of roles in the network, besides developers: Indexers, who index subgraphs; Delegators, who delegate their coins to Indexers; and Curators, who signal which subgraph should be indexed. All of them must stake their GRT tokens to secure the network. GRT also acts as a reward currency.
The Graph Live Price Chart
The Graph token (GRT) has started trading in December 2020 on a somewhat uncertain note, its price rising to ~$0.75 in its first days on the market but then dipping under $0.3 by early January. GRT’s utility in the DeFi space didn’t go unnoticed, though, and The Graph began trending upwards together with the whole sphere. In early February GRT price soared to $2.88, which is its all-time high. This surge can likely be attributed to The Graph’s rising public profile, including publications in large media outlets like Forbes and adding support for some well-known blockchains. After this, however, The Graph’s price started slowly trending down, with some pumps along the way: for example, the mainnet migration starting in late April 2021 propped the price up, from ~$.1.25 to ~$1.55. By the summer of the same year, GRT’s price dipped again, but this time there are fewer wild swings. After stabilizing around ~$0.5 for a while, it seems like The Graph’s price is slowly heading up to ~$0.75 and beyond.
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
#1. WalletInvestor GRT Price Prediction for 2021, 2023, 2025
#2. TradingBeasts GRT Price Prediction for 2022
#3. DigitalCoin GRT Price Forecast for 2021, 2022, 2023, 2025
#4. LongForecast GRT Price prediction for 2021-2022
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).
Is The Graph coin a good investment?
Yes, The Graph coin is a good investment in 2021 for long-term gains, according to the unanimous agreement from several sources. It’s expected to appreciate upwards of 200% in the next few years.
What is The Graph coin?
The Graph coin (GRT) is a token powering The Graph Network – a revolutionary indexing protocol designed to help users to query and process data on the blockchain quickly and efficiently through custom APIs called subgraphs. This makes dApps work at speeds close to the regular web apps, which facilitates further adoption of blockchain.
How important is The Graph coin?
The Graph coin is important in that it makes The Graph protocol work. This protocol is a much-needed solution for dApp and DeFi space, providing the UX that mass users are comfortable with.
How high will The Graph crypto go?
The Graph crypto is expected to go at least 2x higher than its price in mid-2021 in the 5-year timeframe. Note that its team is also continuously upgrading the solution and getting new partnerships, so some disruption that can send GRT token price flying may be on the way.
What will The Graph be worth in 2025?
The Graph is expected by most experts to be worth more than $2 in 2025. This might depend on some factors like the new features rollouts and the pace of blockchain adoption.
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