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The Graph Price Prediction 2022-2031: Is GRT a Good Investment?

the graph

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. 

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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.

Today’s The Graph price is $0.102950 with a 24-hour trading volume of $28,177,224. The current CoinMarketCap ranking is #59, with a live market cap of $710,354,732. 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.

Also Read:

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
CoinSymbolPriceMarketcapChangeLast 24hSupplyVolume (24h)
the-graph
The Graph
GRT
GRT$ 0.096710$ 716.36 M3.29%7.40 B$ 28.86 M


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.

The Graph Price Prediction 2022-2031: Is GRT a Good Investment? 1
GRTUSD: TradingView

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 Price Prediction 2022-2031: Is GRT a Good Investment? 2

GRT 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.

The Graph Technical Analysis

The Graph has been on a sharp drop from April, slowing in momentum in the last two months. The Graph has little price momentum to the downside; the William Alligator trendlines are heading south. The indicators suggest a bear run with little price action, and there is no sign of an impending price reversal.

The Graph Price Prediction 2022-2031: Is GRT a Good Investment? 3

The Graph Price Predictions by Authority Sites

Walletinvestor

The site uses machine learning and artificial intelligence (AI) to provide a GRT price forecast. The AI rates GRT’s historical data index C and adds that it would make a bad one-year investment. GRT will sell at an average trading price of $0.0183 in one year, 82.15% down from the current price.  The GRT tokens price will drop in the coming two weeks, a bearish trend. The GRT trades will fall from the current price to $0.08025 at the end of the period. The GRT return on investment in 2024 will be -96.30%; in 2025, it will be -95.43%; in 2026, it will be -97.98%; in 2027, it will be -99.26%.

Coincodex

According to Coincodex, GRT will surge more than 50% to reach $0.1864 in October. Their technical indicators show the current sentiment is Bearish, while the Fear & Greed Index shows 20 (Extreme Fear). The Graph recorded 13/30 green days with 13.11% price volatility over the last 30 days. According to The Graph forecast, it’s now the wrong time to buy The Graph. Over the last 7 days, The Graph price positively correlated with the price of Gnosis (GNO), Qtum, Basic Attention Token, Ethereum Classic, and SuperNovaTron. The Graph will be bullish for the next week.

Digital coin price

GRT has lost more than half its value, a sentiment shared by many altcoins in the crypto space this year. Data from the price forecast indicate that GRT has a bright future and will experience price growth from 2023 to 2031. GRT will sell at an average trading price of $0.15 in October.  It will then have little price action for the rest of the year. In 2023, GRT will trade at an average price of $0.23, reaching a maximum price of $0.25 and a minimum price of $0.22.  In 2025, GRT will trade at an average price of $0.41, reaching a maximum price of $0.44 and a minimum price of $0.39. In 2030, GRT will trade at an average price of $1.43, reaching a maximum price of $1.45 and a minimum price of $1.41.

Cryptopolitan

The Graph Price Prediction 2022-2031: Is GRT a Good Investment? 4
The Graph Price Prediction 2022-2031: Is GRT a Good Investment? 5

GRT Price Prediction 2022

The GRT price prediction for 2022 is $0.11. The Graph Foundation recently announced that Gnosis Chain (GNO) would be the first chain beyond Ethereum to be supported on The Graph Network, whose token is GRT. The foundation also announced a $9 million \fund to help bootstrap the network. GRT will sell between $0.11 and $0.12 for the rest of the year.

GRT Price Prediction 2023

The GRT price prediction for 2023 is $0.23. Subgraphs can be composed of a global graph of all public information. This information can be transformed, organized, and shared across applications for anyone to query with just a few keystrokes. 

The coin will mark a maximum price value of $0.22 and a minimum price value of $0.26.

GRT Price Prediction 2024

The Graph price prediction for 2024 is $0.33. The Graph does not require custom servers; before, teams had to develop and operate proprietary indexing servers. The servers required significant engineering and hardware resources and broke the vital security properties required for decentralization. 

The expected GRT maximum price is $0.38, and the minimum price is $0.32.

GRT Price Prediction 2025

The Graph coin price prediction for 2025 is $0.48. All data in the protocol is stored and processed on open networks with verifiable integrity. The Graph makes querying the data fast, reliable, and secure. 

GRT will reach a high price of $0.56 and a low price of $0.46.

GRT Price Prediction 2026

The Graph price prediction for 2026 is $0.69. Entrepreneurs and developers are creating next-level apps to scale human coordination on the internet. It’s a new frontier, and the Graph is just getting started. 

GRT will reach its highest price at $0.81 and lowest price at $0.67.

GRT Price Prediction 2027

The Graph price prediction for 2027 is $0.97. The Graph Foundation provides developers with tools to easily transition into the blockchain, and The Graph library consists of integrations, a learning center, and SDKs. GRT trades will reach a high price of $1.15 and a low price of $0.93.

GRT Price Prediction 2028

The Graph grt price prediction for 2028 is $1.45. The GRT foundation provides developers with grants to boost their projects. The GRT utility token will reach a high price of $1.67 and a low price of $1.41.

The Graph Price Prediction 2029

The Graph GRT price prediction for 2029 is $1.96. By combining web3 protocols, the Graph enables developers to build dapps with powerful new features to solve the world’s most significant challenges. The GRT trading volume will rise, marking a high price of $2.42 and a low price of $1.91.

The Graph GRT Price Prediction 2030

The Graph GRT price prediction for 2030 is $2.83. In addition to Ethereum, The Graph is adding support to The Graph Network with EVM and NEAR compatible chains. The compatibility means that subgraphs can be built across chains, giving developers more choices for where to deploy their smart contracts.

The GRT coin price bullish trend will see it reach a high price of $3.29 and a low price of $2.75.

GRT Price Prediction 2031

The Graph crypto price prediction for 2031 is $4.03. The list of hosted services on the Graph is growing, including XDAI, Near, Polygon, Celo, Aurora, Moonbeam, and Optimism. The list should grow as the blockchain ecosystem expands. 

The coin will reach a high of $4.71 and a low of $3.92.

The Graph Price Predictions by Industry Influencers

Clinix Crypto Youtube channel analyzes the GRT resistance and support levels. The presenter places the next price target between $0.115 and $0.1175 and notes that Bitcoin’s performance will likely affect GRT. In the worst-case scenario, GRT will drop to $0.09.

Conclusion 

The value of the Graph is likely to keep going up since scarcity tends to increase prices. Please keep in mind that every investment comes with its risk. Just invest in what you can lose, and do as much research as possible before concluding on investment decisions.

The Graph has a high probability of reaching new heights in terms of price. Experts and business analysts say that the price of Graph is expected to be at a minimum of $3.92 in 2031. According to our estimates, the GRT price might reach a high of $4.71, with an average projected price of $4.03.

As observed in the analysis above by other authority sites, there is no agreement on whether GRT prices will rise or drop in the future. Indeed, future potential growth is based on various factors, including news, new technology solutions for The Graph projects, the overall crypto market, etc.

As observed in the analysis above by other sites, there is no agreement on whether GRT prices will rise or drop in the future. Indeed, future potential growth is based on a variety of factors, including news, new technology solutions for The Graph projects, the overall crypto market, and so on.

GRT is finding support at an incredibly oversold level, making it a fairly decent entry point for a trade. Altcoins have been viciously targeted since early April when $GRT lost 70% of its value in such a short period of time.

Nonetheless, The Graph coin price prediction indicates that the GRT cryptocurrency has a promising future. With the GRT market 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.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

FAQs

Is the Graph (GRT) an ERC-20 cryptocurrency?

Yes, GRT is an ERC-20 cryptocurrency that runs on the Ethereum network.

Where are GRT tokens traded?

GRT can be traded on a variety of exchanges, such as Binance, Coinbase Pro, Kraken, KuCoin, and Huobi Global. 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.

Will GRT surpass its current ATH?

Is the Graph Network Token (GRT) a good investment?

GRT is considered one of the top-rising cryptocurrencies this year. Also, along with the recorded achievements of GRT in the past few months, we can say that GRT is indeed potentially good crypto to invest in this year.

The Graph (GRT) offers solutions to real-life data querying problems on the blockchain. It has continued to gain massive traction in the DeFi space while also engaging in new partnerships and upgrading its offerings. Also, the Graph issues reward to participants on the network using its utility - GRT. 

Is The Graph legit or scam?

With the rising level of memes, hit-and-run schemes, and projects in the cryptocurrency ecosystem, it has become essential to question the validity of a utility or token. The legitimacy of a cryptocurrency or project, in general, is tied to its road map, real-world use cases, demand & supply, and level of adoption.

Can GRT be mined?

GRT cannot be mined, and the system leverages the Proof-of-Stake consensus algorithm.

Shawn Du'Mmett

Shawn Du'Mmett

Former IT development and consultant, remote team and collaboration expert, PM, CCO, writer, dreamer, idealist looking to collaborate with global teams on a global teal/turquoise organisation. Shawn's dream is working together openly, to get what writers need and want, and to solve biggest global problems. He is building a collaboration system from the start that everyone can own and define, allowing them to work together, to decide how it works and to their highest ideals.

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