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The Graph Price Prediction 2024-2033: Is GRT a Good Investment?

The Graph Price Prediction 2024-2033

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. 

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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.

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 $0.3132 USD with a 24-hour trading volume of $157,232,378 USD. We update our GRT to USD price in real-time. The Graph is down 0.71% in the last 24 hours. The current CoinMarketCap ranking is #49, with a live market cap of $1,717,561,453 USD. It has a circulating supply of 9,364,025,346 GRT coins and the max. supply is not available.

The Graph price analysis: GRT retraces support after a strong bearish movement at $0.3132

TL: DR Breakdown

  • Graph price analysis shows a bearish trend
  • The resistance for GRT/USD is present at $0.3295
  • Support for GRT/USD price is at $0.3129

The Graph price analysis reveals that the GRT/USD depreciated to $0.3132 after a bearish run. The coin has lost 4.85 percent  in the last 24 hours as the bearish momentum continues. Although the cryptocurrency was under bullish influence earlier this week, bears have taken control and dragged GRT/USD levels down to $0.3132 at the time of writing. 

The current support level of $0.3129 for the altcoin may serve as a pivot point for future price moves. On the upside, GRT’s first resistance level was established at $0.3295. The overall market shows a bearish sentiment, as the price momentum is still bearish.

Graph price analysis 1-day chart: GRT market turns bearish after a selling spree

The Graph price analysis on a 24-hour basis indicates that the token started the day at $0.3279 and hovered around the same level for most of the day but started to take a downward trajectory in the hours. The price currently trades around the $0.3132 level, with bearish pressure still affecting the token’s price movement.

GRT/USD 1-day price chart, Source: TradingView

The RSI (Relative Strength Index) is also bearish and is currently trading at 35 levels. Moreover, the MACD histogram has been declining for the past few days, indicating bearish momentum. All these technical indicators suggest that Graph will continue to trade in a bearish zone in the short term.

GRT/USD 4-hour price chart: Price action remains bearish

The 4-hour Graph price chart shows that the token had a bearish start to the day,  opening at $0.3279  and gradually falling throughout the day, closing at its current price of $0.3132. The red candlestick pattern indicates bearish pressure in the market. The short-term trend line has been descending, and the bears have been showing control over the market for the past few hours. The last four hours have been detrimental to cryptocurrency value, with the price falling noticeably.

GRT/USD 4-hour price chart, Source: TradingView

The technical indicator analysis for Graph shows that the market sentiment is bearish and bears are in control. The RSI is bearish and trading at 26 levels, indicating that the bulls are struggling to take back control of the market. The MACD line is below the signal line, and the MACD histogram is declining, indicating bearish momentum. 

What to expect from Graph price analysis next

The Graph price is currently in a bearish zone as the technical indicators weakly point to some downward pressure in the market. The next support level for the GRT/USD pair is at $0.3129, and the first resistance level is at $0.3295. The market sentiment is bearish, and if the current pressure continues, the price could test the support level soon. The downward trend could either persist or the bulls could stage a comeback, depending on market conditions.

The Graph Price Predictions 2024-2033

Price Prediction By Cryptopolitan

YearMinimumAverageMaximum
2024$0.2070$0.2148$0.2519
2025$0.3222$0.3308$0.3709
2026$0.4675$0.4807$0.5561
2027$0.6812$0.7052$0.8079
2028$1.04$1.07$1.20
2029$1.52$1.56$1.78
2030$2.21$2.27$2.57
2031$3.24$3.33$3.81
2032$4.67$4.84$5.66
2033$6.70$6.90$8.22
The Graph price prediction

The Graph Price Prediction 2024

According to the technical analysis of Graph prices expected in 2024, the minimum cost of GRT will be $0.2070. The maximum level that the Graph price can reach is $0.2519. The average trading price is expected around $0.2148.

The Graph Price Prediction 2025

Based on the price fluctuations of Graph at the beginning of 2025, crypto experts expect the average GRT rate of $0.3308. Its minimum and maximum prices can be expected at $0.3222 and $0.3709, respectively.

GRT Price Forecast for 2026

The Graph price is forecast to reach a lowest possible level of $0.4675 in 2026. As per our findings, the GRT price could reach a maximum possible level of $0.5561 with the average forecast price of $0.4807.

The Graph (GRT) Price Prediction 2027

The price of The Graph is predicted to reach at a minimum value of $0.6812 in 2027. The The Graph price could reach a maximum value of $0.8079 with the average trading price of $0.7052 throughout 2027.

The Graph Price Prediction 2028

According to our deep technical analysis on past price data of GRT, In 2028 the price of The Graph is predicted to reach at a minimum level of $1.04. The GRT price can reach a maximum level of $1.20 with the average trading price of $1.07.

The Graph Price Prediction 2029

After the analysis of the prices of Graph in previous years, it is assumed that in 2029, the minimum price of Graph will be around $1.52. The maximum expected GRT price may be around $1.78. On average, the trading price might be $1.56 in 2025.

The Graph (GRT) Price Prediction 2030

According to our deep technical analysis on past price data of GRT, In 2030 the price of The Graph is forecasted to be at around a minimum value of $2.21. The Graph price value can reach a maximum of $2.57 with the average trading value of $2.27.

The Graph Price Forecast 2031

As per the forecast price and technical analysis, In 2031 the price of The Graph is predicted to reach at a minimum level of $3.24. The GRT price can reach a maximum level of $3.81 with the average trading price of $3.33.

The Graph (GRT) Price Prediction 2032

The price of The Graph is predicted to reach at a minimum value of $4.67 in 2032. The The Graph price could reach a maximum value of $5.66 with the average trading price of $4.84 throughout 2032.

The Graph Price Prediction 2033

Every year, cryptocurrency experts prepare forecasts for the price of Graph. It is estimated that GRT will be traded between $6.70 and $8.22 in 2033. Its average cost is expected to be around $6.90 during the year.

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 $0.36 and potentially reach a maximum of $0.40 by the end of the year, with a minimum price of $0.16.

Looking ahead to 2033, DigitalCoinPrice anticipates a significant surge in the price of GRT. It is predicted that the token’s value will surpass $, 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 2033, CryptoPredictions.com predicts that the Graph token will have an average trading value of $3.46. The minimum value is expected to be $3.37, while the maximum value is projected to reach $3.48.

Read Also  Siacoin Price Prediction 2024-2033: Will SC break the $1 resistance?

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 $0.0025.

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 2024.

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.

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 (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 $0.31 by the end of 2024 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.

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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?

The Graph's all-time high is $2.84. This ATH was reached on February 11th, 2021. According to our on-chain analysis, this may be surpassed by 2030.

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.

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.

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