The Graph Price Prediction 2023-2032
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. The Graph price prediction could be the light that shines in this crypto winter.
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.
10-15 layer one blockchain networks and 100s dApps use 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.
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.
How much is GRT worth?
The live The Graph price today is $0.08202, with a 24-hour trading volume of $27,567,299 USD. We update our GRT to USD price in real-time. The Graph is down 1.33% in the last 24 hours. The current CoinMarketCap ranking is #44, with a live market cap of $790,688,187 USD. It has a circulating supply of 9,238,972,804 GRT coins and the max. supply is not available.
The Graph Price analysis: Bearish spell lowers the price of GRT to $0.08202.
TL;DR Breakdown
- The graph shows a bearish trend
- GRT/USD is facing resistance at $0.08451
- The Graph faces support at $0.08193
The Graph price analysis shows a downtrend in the past 24 hours as GRT made an intraday low of $0.08193, which was observed in the early hours of today’s trading session. The bears seem to be dominating the market, as the Graph price has been continuously depreciating. The market sentiment has shifted from bullish to bearish over the past 24 hours, with the GRT/USD pair declining significantly. At the time of writing, the price of GRT stands at $0.08202, a 1.33% decrease from its previous close. The overall market sentiment seems bearish, with a decreasing trading volume and market capitalization.
The Graph price analysis 1-day chart: GRT remains bearish as price slips to $0.08202
On the 24-hour chart for Graph price analysis, the price can be seen continuing along an extended downtrend trendline. As the price has been on the decline for over a week, the overall market sentiment has turned bearish. The bulls have been unable to push the price past resistance at $0.08451, and as a result, the bears seem to be dominating the market.
GRT/USD 1-day price chart, Source: TradingView
The MACD indicator confirms the bearish trend as it shows a significant decrease in buying pressure. The histogram is at -0.0001, indicating that the bears are still in control of the market. The RSI indicator is currently at 42.85, showing a slight decrease in selling pressure, but it is still below the overbought region.
GRT/USD 4-hour price chart: Bears continue to dominate the market
On the 4-hour price chart, the Graph shows a similar bearish trend. The price has been on a steady decline and is currently facing resistance at $0.08301. The bears seem to be in control of the market, as they have consistently pushed the price down since yesterday’s high of $0.08956.
GRT/USD 1-day price chart, Source: TradingView
The RSI indicator is currently at 49.54, indicating that the market is neither oversold nor overbought. However, it should be noted that the indicator has been gradually increasing, showing a possible weakening of the bearish trend. The MACD also shows decreasing buying pressure, with the histogram hovering just below the zero line.
What to expect from Graph price analysis next?
Based on the Graph price analysis, it can be concluded that the bears are currently in control of the market. Both 4-hour and 1-day timeframe analysis suggests that the GRT/USD pair could remain bearish in the near future, with further downside likely before any potential reversal is seen. The bearish trend is expected to continue in the market as the selling pressure remains high, and the technical indicators suggest that a bottom could soon be reached. Traders should approach this market cautiously, as sudden moves could lead to unexpected losses.
The Graph Price Predictions 2023-2032
Price Prediction By Cryptopolitan
Year | Minimum | Average | Maximum |
2023 | $0.12 | $0.13 | $0.14 |
2024 | $0.19 | $0.19 | $0.22 |
2025 | $0.27 | $0.27 | $0.32 |
2026 | $0.39 | $0.40 | $0.46 |
2027 | $0.59 | $0.61 | $0.68 |
2028 | $0.82 | $0.85 | $1.03 |
2029 | $1.15 | $1.19 | $1.43 |
2030 | $1.60 | $1.65 | $1.98 |
2031 | $2.38 | $2.45 | $2.78 |
2032 | $3.36 | $3.45 | $4.12 |
The Graph Price Prediction 2023
By the time we reach 2023, the GRT crypto might have reached the maximum price of $0.14, while the minimum price may be around $0.12, based on our Graph prediction.
The Graph Price Prediction 2024
Based on our The Graph prediction, the minimum, average, and maximum prices for the year 2024 are anticipated to be around $0.19,0.19 and 0.22.
GRT Price Forecast for 2025
According to our deep technical analysis on past price data of GRT, In 2025 the price of The Graph is predicted to reach at a minimum level of $0.27. The GRT price can reach a maximum level of $0.32 with the average trading price of $0.27.
The Graph (GRT) Price Prediction 2026
According to the Graph forecast for 2026, the GRT cryptocurrency market will see a maximum value of $0.46and a minimum value of $0.39. The market sentiment and further GRT price prediction reveal that the average price of the Graph maybe $0.40.
The Graph Price Prediction 2027
The price of The Graph is predicted to reach at a minimum value of $0.59 in 2027. The The Graph price could reach a maximum value of $0.68 with the average trading price of $0.61 throughout 2027.
The Graph Price Prediction 2028
As per the Graph price forecast, the price may trade at an average of $0.85 for the year 2028. While the minimum and maximum Graph prices are expected to be $0.82 and $1.03, respectively.
The Graph (GRT) Price Prediction 2029
The Graph price is forecast to reach the lowest possible level of $1.15 in 2029. As per our findings, the GRT price could reach the maximum possible level of $1.43 with an average forecast price of $1.19.
The Graph Price Forecast 2030
Based on our Graph price forecast, the price is estimated to reach the maximum level of $1.98 by 2030 and a minimum level of $1.65.The average forecast will be expected to be $1.65.
The Graph (GRT) Price Prediction 2031
The Graph price is forecast to reach the lowest possible level of $2.38 in 2031. As per our findings, the GRT price could reach the maximum possible level of $2.78 with an average forecast price of $2.45.
The Graph Price Prediction 2032
According to our deep technical analysis on past price data of GRT, In 2032 the price of The Graph is predicted to reach a minimum level of $3.36. The GRT price can reach a maximum level of $4.12 with an average trading price of $3.45.
The Graph Crypto Price Prediction By DigitalCoinPrice
According to DigitalCoinPrice’s price prediction, the GRT token is expected to experience a bearish trend in the near future. The website forecasts that the price of GRT will be $0.11 and potentially reach a maximum of $0.17 by the end of the year, with a minimum price of $0.15.
Looking ahead to 2032, DigitalCoinPrice anticipates a significant surge in the price of GRT. It is predicted that the token’s value will surpass $4.59, with a minimum price of $4.43 throughout the year. Additionally, there is potential for GRT to reach a maximum value of $5.24.
The Graph Price Prediction By CryptoPredictions.com
According to CryptoPredictions.com, the GRT token is expected to see a gradual increase in value. The website forecasts that in April, the Graph price will start at $0.42 and end the month at $0.52. The projected maximum price for April is $0.24, while the minimum price is predicted to be $0.16.
Looking further into the future, by the end of 2027, CryptoPredictions.com predicts that the Graph token will have an average trading value of $0.71. The minimum value is expected to be $0.0.69, while the maximum value is projected to reach $0.80.
The Graph Price Prediction By Wallet Investor
Based on Wallet Investor’s analysis, they do not consider the Graph (GRT) token a favorable investment choice. Their prediction suggests a negative trend for the token’s future, indicating a potential price drop to $0.00879 by the end of 2024. Looking further ahead, Wallet Investor predicts that by the end of 2027, the GRT token could have an average trading value of $0.005, with a maximum value of $0.006 and a minimum value of $0.002.5.
The Graph Price Prediction by Industry Influencers
The Graph (GRT) token has gained significant attention in the cryptocurrency market since its inception, leading experts to make predictions about its future price trends. These predictions take into account several key factors, including market sentiment, adoption rate, technology updates, and regulatory changes.
The adoption rate of the Graph protocol plays a crucial role in driving the price of the Graph token. As more developers and projects integrate the protocol into their decentralized applications (dApps), the demand for the Graph token increases, thereby positively impacting its price. This trend is expected to continue as more developers embrace the Graph protocol. For instance, prominent crypto analyst Rovic predicts a 100% gain for the Graph token, forecasting that GRT will reach $0.32 by the end of March 2023.
The volatility of the GRT token has attracted the attention of numerous crypto analysts and strategists, who have shared their perspectives on its future price movements. One popular analyst and YouTuber, Crypto with James, predicts a potential spike of 24x for the GRT token, projecting a price of $1.5 by the end of 2024.
Another analysis from the Clinix Crypto YouTube channel focuses on the resistance and support levels for GRT. The presenter identifies the next price target to be between $0.115 and $0.1175, while acknowledging that Bitcoin’s performance may also influence GRT. In a worst-case scenario, the price of GRT is predicted to drop to $0.09.
It’s important to remember that cryptocurrency price predictions are speculative and subject to various factors. Investors should conduct thorough research and consider multiple sources of information before making any investment decisions.
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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 billion of data queries. In April 2021 alone, the Graph 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
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The Graph (GRT) Price History
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 Network Developments
The Graph’s Multichain Incentive Program
On 25 August 2022, the Graph Foundation announced its next incentivization program for Indexers: Migration Infrastructure Providers (MIPS). The MIPS program bootstraps Indexers to add support for new chains on the decentralized network, enabling the migration of multi-chain subgraphs.
The program allocated 0.75% of the GRT supply (50M GRT), with 0.5% to reward Indexers who contribute to bootstrapping the network and 0.25% to migration grants for subgraph developers using multi-chain subgraphs. The program builds on the success of Mission Control, which introduced the first generation of Indexers to the network by accelerating infrastructure and network readiness.
The Graph’s Hosted Service Integrates First Cosmos Chain
The Graph’s hosted service has completed the beta integration of its 35th chain and third non-EVM network: Cosmos Hub. The implementation marks The Graph’s expansion into the Cosmos ecosystem and paves the way for many more. Beta support for the Osmosis zone in the Cosmos ecosystem is also underway!
Blockchain Devs can now query Cosmos Hub data with subgraphs easily using GraphQL. The Graph enables the developers to access blockchain data without requiring custom indexing infrastructure or relying on expensive and inefficient data indexing services that employ the value extraction and user monetization commonly found in web2 platforms.
Conclusion
The developing team behind the Graph project is constantly acquiring partnerships and actively working on adding more integrations to the network. According to some experts, the Graph token will likely bring a ray of optimistic hopes to its long-term investors as it has a bright future ahead due to its robust fundamentals in the crypto space. The Graph token may even surpass $10 if it follows positive market sentiments and brings more use cases to the crypto community.
However, the future price movement of GRT coins will solely depend on the market’s favorability and users’ adoption of the network worldwide. Cryptopolitan advises investors to do their own research and conduct experts’ opinions and investment advice before investing in the highly volatile crypto market.
The Graph network provides developers with a convenient and quick way to establish a cost-effective path to decentralized applications. According to the crypto community, the Graph token may build a revolutionizing web3 structure as several analysts believe that the GRT token may even exceed the level of $15 if massive developments occur within the network. Due to its bright roadmap, the GRT token may trade above $0.25 by the end of 2023 and continue to bring investors significant ROI.
With the general crypto market gaining positive momentum and all virtual currencies reaching new heights, we may see GRT prices climb in the future. Please do your own diligence before investing in any cryptocurrency, including GRT.