Ethereum has turned out to be the most prominent blockchain technology the world has ever seen. A number of projects have been joining the dots that Ethereum has left behind. One such protocol is “The Graph”, which is an indexing protocol for quaering networks such as Ethereum. The network lets anyone build and publish open APIs, which they call “Subgraphs”.
The tech employed by the protocol opens up an array of opportunities for emerging sectors like Web 3.0. Successively, The Graph is helping build Defis, governance protocols, and marketplaces, to name a few. GRT is the protocol’s native asset, which is an Ethereum token, that is used for administering resources within the network.
We have come across instances where The Graph token has portrayed a gargantuan run to its ATH. Will GRT pose another such rally you ask? Look no further, as this write-up will get all your doubts sorted. As we decode the feasible GRT price predictions for 2022 and the years to come.
|Market cap||$ 748,768,787.0000|
|Trading Volume||$ 24,116,230.0000|
|All-time high||$ 2.8400 Feb 12, 2021|
|All-time low||$ 0.0860 Jul 13, 2022|
|Year||Potential Low||Average Price||Potential High|
The Graph had walked into the year 2022, with a price tag of $0.6409. With the lack of any bullish signals, amidst heavy sell-offs. As the RSI plummeted to historical bottoms, the asset breached its 5-month low of $0.5484, by the 18th of January. Increased sell-offs, further took the price to $0.397, by the 25th of January. Ranging sideways until the 3rd of February, a leg-up took the price to $0.524.
But turbulence in the market, influenced by geopolitical tensions and soaring inflation rates, called for another downswing. Which took the asset to levels of around $0.3145. Thereafter an uptrend helped close the quarter at $0.5275. The second quarter was brutal for the broader crypto verse, and the implications were borne by GRT as well. The altcoin lost over 80% of its value in the second quarter.
If the price of the digital coin carries forward its bullish stance in the third quarter. It could claim a price tag of $0.1197. Further seeking impetus from developmental initiatives and collaborations, coming from the network’s APIs and Web 3 initiatives. The price of GRT could propel to its quarterly high of $0.1382.
Whilst a balance in trade activities could settle the price at $0.1225. The protocol losing its foothold in the business, and negative criticism, could slash the price down to $0.1039.
Earlier in 2021, the network had made announcements that they are looking forward to expanding the blockchain protocol to Bitcoin and others. If this happens in the periphery of 2022. The new integrations can draw new investors to induce the GRT coin price to hike to $0.1803.
If the protocol falls prey to negative criticism and massive liquidations, the price might as well fall to $0.1274. A linear price projection without the interference of any major catalysts will result in the price finding grounds at $0.1529.
The network has already built a faster, cost-efficient, and agile platform. If it further serves in the way to enhance the user experience of the project. Then users might turn bullish for the asset, and as a result of which, the price may hit a maximum of $0.3018. On the flip side, emerging rivals, and the users lacking the interest could result in a fall to $0.1607. That said, the average price might land at $0.2381.
Learning from the statistics of Into The Block, the lion’s share of GRT tokens is held by whales at 56.76%. Followed by the fast-rising investors, with a share of 33.99%, and lastly by retailers at 9.24%. The concentration is satisfactory for investors who are keen on relatively less risky tokens. This is further justified by the token’s average time held, which is “1 Year”.
Successively, the growing count of volumes by hodlers could push the digital token’s price to its potential high of $0.4914. On the other hand, the diminishing prominence and capabilities of The Graph could knock its price down to $0.2576. Conversely, the lack of fueling initiatives could settle the price at $0.3668.
By the next three years, GRT might be considered the currency to build a new decentralized generation. If the community focuses on investing in certain other projects and enhancing the blockchain infrastructure. Then the GRT coin’s price can smash a new peak of $0.7638, by the next three years.
On the flip side, The Graph price seemed to be slightly volatile after the previous market crash. In the long run, if the coin continues with skyrocketing volatility levels, then the price may flip down to $0.4144. Moreover, if the altcoin manages to reverse the downside pressure it might move at linear ranges of $0.5827.
According to the website’s algorithm-based GRT price prediction. The Graph’s price could be as high as $0.19, by the end of 2022. And in case of a bearish trap, it could flip to $0.16. Successively, GRT’s price is expected to soar to a maximum of $0.61, by the end of 2025. And in the case of average buy and sell pressures, the regular price could settle at $0.56. On the contrary, the price could flip down to $0.54.
Trading Beasts has revised its prediction for the GRT price. It expects the token to hit a maximum of $0.168, by the end of 2022. On the contrary, trend reversals in the market could plummet the price to $0.114. And with average buying and selling pressures, it would end up trading at $0.134 by the end of 2022.
Digital Coin Price has revised The Graph price prediction. According to the firm, the price will reach $0.16 by 2022. And rally further to cross $0.18 by the end of 2023. By the end of 2025, the price may hit a maximum of $0.23.
Click here to read our price prediction of NEM (XEM)!
The Graph (GRT) is a decentralized protocol for querying and indexing the data from blockchains. GRT indexes data from eminent networks like Ethereum, and Filecoin amongst others. The network had earlier announced possible integrations with other blockchain networks like Bitcoin and Polkadot.
The network became a dream-come-true event for the CEO of The Graph, Yaniv Tal. Working with his team, Pohlman and Brandom Ramirez and many others. He envisioned developing an indexing protocol to bridge the gap between blockchain data and the user end. As they got close to it, they realized the absence of decentralized software and shifted their vision towards the latter.
The Graph coin is an ERC-20 token powered by Decentralized Finance (DeFi). The token can be used to create smart contracts on the blockchain. Powering the network, the graph crypto, serves as an exchange medium. It is also in use for rewarding the network’s community. The maximum supply of the coin is capped at 10,000,000,000.
The Graph is a decentralized protocol for querying and indexing the data from blockchains. The protocol indexes data from eminent networks like Ethereum and Filecoin, amongst others. It was initially founded by Yaniv Tal, Brandon Ramirez, and Jannis Pohlmann. The team behind the protocol now includes prominent names such as the Ethereum Foundation, OpenZeppelin, Decentraland, Orchid, and MuleSoft. The indexing protocol was envisioned to bridge the gap between blockchain data and the end-user. The Graph is an indexing protocol and global API for organising blockchain data, making it easily accessible with GraphQL. The network acts as the middle layer between blockchains and dApps. It also makes it easier for developers to create dApps by organising smart contract data on the Ethereum blockchain called subgraphs. The protocol also intends to integrate with other blockchain networks like Bitcoin and Polkadot. Conversely, GRT is an ERC-20 token powered by DeFi. The token can be used to create smart contracts on the blockchain. The graph crypto, which serves as an exchange medium, powers the network. It is also used for rewarding the network’s community.
The Graph is an indexing protocol and global API for organizing blockchain data making it easily accessible with GraphQL. The network acts as the middle layer between various blockchains and decentralized apps. It also makes the work easy for developers to create dApps by organizing smart contract data on the Ethereum blockchain called subgraphs.
The network contains subgraphs, which contain a manifesto. That is, a subgraph will contain every data about the transactions on the blockchain. In simple words, these are open APIs, which anyone can build on the network!
The ecosystem of this network is quite complex yet not difficult to comprehend. The Graph node, also called the Indexer plays a pivotal role in indexing the data. The end users are called the Consumers and can fetch any query from the indexers. As an exchange, they pay the indexers. The Graph is not complete without its Delegators, Curators, Arbitrators, and Fishermen.
As the network addresses an extensive real-time problem, promising to resolve it, the Graph price might boom on this note. According to Coinpedia’s formulated GRT price prediction. If the community explores new blockchain integrations it may punch a new high of $0.18, this year. Conversely, being new to the crypto space, if the coin remains volatile, then the Graph’s price may whirl down to $0.125.
To read our price prediction of Kusama (KSM) click here!
A: Yes, GRT is an ERC-20 token working on the Ethereum blockchain.
A: No, GRT cannot be mined as it is a non-mineable token.
A: GRT can be traded on popular exchanges like Binance, Coinbase Pro, Kraken, KuCoin, and Huobi Global, amongst others.
A: The price of GRT is expected to hit a maximum of $6.207, by the end of the next five years.
A: Yes, if it launches the planned projects as per the plan then it would clinch a maximum of $0.8161 in 2022.
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