The Graph (GRT) Price Prediction 2024-2030: Will GRT Price Hit $1 Soon?

• The Graph’s role in accessible blockchain data could drive GRT past $0.30 in 2024.
• Market corrections could see GRT dip to $0.0750 in 2024 before a potential recovery.
• GRT may reach $12.50 by 2040, reflecting its long-term growth potential.

As Q3 closes on a bullish note with a remarkable 79.11% return, the Graph (GRT) sets the stage for an impressive finish in 2024. Early signs of a long-term uptrend are already visible, backed by a bullish pattern on the daily chart and increasing trading volumes, hinting at the influx of new investors.

With momentum building, GRT might soon break past the $0.30 mark in 2024, bolstered by its advanced role in making blockchain data more accessible. The Graph’s ability to enable anyone to create and publish open APIs, known as “Subgraphs,” adds to its appeal as a futuristic and scalable use case. 

But the real question remains: Could GRT’s growth propel it to the psychological $10 mark? To uncover the possibilities, Coin Edition delves deep into Graph (GRT) price predictions for 2024-2030 to unveil if another massive surge could be on the horizon.  Let’s explore what the future holds for GRT.

The Graph (GRT) Real-Time Market Overview

What Is The Graph (GRT)?

Graph (GRT) is a robust open-source protocol that alters how blockchain data is collected, organized, and accessed. Built on Distributed Ledger Technology (DLT) and designed to emphasize decentralization strongly, The Graph eliminates the need for third parties in data handling.

This protocol serves as a global API, enabling developers to efficiently index and query data through GraphQL, a powerful programming language initially developed by Facebook. With the launch of its mainnet, The Graph has created a fully decentralized network where decentralized applications (dApps) can thrive, regardless of external factors.

Through open and public APIs known as subgraphs, thousands of dApps can operate seamlessly, with The Graph already supporting hundreds on its mainnet. Moreover, GRT, The Graph’s native cryptocurrency, maintains the network’s integrity.

Users, including indexers, curators, and delegators, must stake GRT to perform their roles and earn fees in return. Popular Ethereum-based dApps like Aave, Curve, and Uniswap are already leveraging The Graph, making it a cornerstone of the decentralized ecosystem.

The Graph (GRT) Current Market Status

Graph’s GRT token has been on a bullish tear over the past week, with its price gaining momentum and rising by an impressive 18.16%. Starting at $0.1387, GRT experienced a brief dip to $0.1331 before launching into a strong rally, pushing the price above the $0.16 mark. 

This upward trend is visible on the daily chart, where GRT has consistently formed higher highs and higher lows, signaling robust bullish sentiment. The surge in trading volume further underscores growing investor interest, suggesting that GRT could continue its upward trajectory in the near term.

Source: CoinMarketCap

As of press time, GRT was trading at $0.164, ranking among today’s top gainers with an 8.32% increase in the last 24 hours. This rise has also boosted GRT’s intraday market cap to $1.566 billion, securing its position as the 51st largest cryptocurrency by market ranking. In tandem with this, GRT’s trading volume spiked by 30.67%, reaching $47.697 million in just 24 hours.

Despite these encouraging gains, GRT has yet to thoroughly shake off the negative price trends seen in its recent past. The monthly chart shows a downward trajectory until August 5, when the token hit a low of $0.1175.

However, GRT has since rebounded and now hovers around the $0.16 support level. Analysts believe that if GRT can rally past its monthly opening price of $0.2008, it could erase lingering bearish sentiment and establish a robust bullish outlook for the long term.

The Graph (GRT) Price Analysis 2024

With a circulating supply of 9,548,531,509 tokens out of a total supply of 10,799,706,720, GRT has room to grow as demand for the token rises. As optimism builds around GRT, the pressing question is whether the asset can maintain its current momentum and break through critical resistance levels soon.

In this section, Coin Edition delves into a detailed price analysis to uncover the future of this promising cryptocurrency. Let’s dive in without further ado.

The Graph  (GRT) Price Analysis – Bollinger Bands

The Bollinger Bands on GRT’s weekly chart are currently diverging, signaling increased price volatility for the token. After recently rebounding from the lower Bollinger Band at $0.1151, GRT shows signs of potential upward movement as it approaches the middle band near $0.2283.

However, despite this positive momentum, the Bollinger Band’s super trend indicator suggests that GRT remains under long-term bearish pressure. Analysts recommend caution when considering long positions, as further price declines are still possible.

The Graph (GRT) Price Analysis – Relative Strength Index

Like the Bollinger Band’s supertrend indicator, the RSI (Relative Strength Index) suggests that GRT is experiencing long-term bearish momentum. However, the RSI’s slight upward shift indicates that this bearish sentiment might be losing strength, hinting at a potential reversal.

This scenario isn’t unprecedented; on September 4, 2023, a similar RSI shift led to a significant uptick in GRT’s value, propelling it into the oversold region. If a similar pattern emerges, GRT could see a substantial price increase, possibly challenging the $0.2240 resistance level and even reaching higher peaks.

The Graph (GRT) Price Analysis – Moving Average Convergence Divergence

The MACD indicator, currently trending in the negative region and below the signal line at 0.0243, reflects the prevailing bearish dominance in GRT’s market. However, there are early signs of a potential shift in momentum towards a bullish direction.

The MACD histogram, which visualizes the difference between the MACD line and the signal line, shows a decrease in the size of its red bars as they approach the zero line. This contraction suggests that the bearish pressure might be weakening, potentially paving the way for a bullish reversal in the near future.

The Graph (GRT) Price Prediction 2024–2030

The Graph (GRT) Price Prediction 2024

The Directional Movement Index (DMI) indicator reveals a robust bearish trend in the GRT market, as the ADX reads 27.2456, underscoring a well-established trend. This is evident as the  -DI, standing at 28.8696, surpasses the +DI at 17.2085, further confirming the prevailing bearish momentum.

These readings indicate that sellers are currently in control, and caution is advised for those considering long positions, as the trend’s strength suggests potential continued downward movement in the long term.

Given these conditions, market experts foresee GRT possibly retesting the $0.1336 support level near the 23.6% Fibonacci mark before any meaningful recovery attempt. If this support fails, the next fundamental level to monitor would be around $0.1126, with a potential drop to $0.075, where increased selling pressure could emerge.

Conversely, if the $0.1336 support holds, GRT could rally and challenge the $0.2406 resistance at the 38.2% Fibonacci level. Yet, a successful breakthrough could propel the token to higher peaks, reaching $0.3200 or beyond by year-end. This bullish scenario would signal a significant trend reversal and renewed investor confidence in GRT’s prospects.

The Graph (GRT) Price Prediction 2025

According to our projections, GRT could peak at $1.1 in 2025, driven by post-BTC halving hype and investor confidence. Conversely, a market correction might pull the token’s value to a low of $0.27

The Graph (GRT) Price Prediction 2026

Following the 2025 market correction, GRT may continue to exhibit downward pressure as enthusiasm from the 2024 BTC halving wanes, potentially finding support around $0.1126. However, Coin Edition anticipates a recovery, with prices possibly surging toward $0.65.

The Graph (GRT) Price Prediction 2027

According to Coin Edition price prediction, GRT could surge to $1.3391 in 2027 following the previous year’s recovery and renewed optimism ahead of the 2028 BTC halving. On the downside, market fluctuations could result in a low of $0.4963.

The Graph (GRT) Price Prediction 2028

Graph price forecasts suggest GRT might surpass its all-time high and peak at $2.9300 in 2028 as the market rallies post-BTC halving. Nevertheless, profit-taking and market volatility could push prices down to $1.2246.

The Graph (GRT) Price Prediction 2029

According to Coin Edition, GRT could reach a high of $3.6000 in 2029, supported by strong community engagement. However, without significant developments, it may fall to $2.8932.

The Graph (GRT) Price Prediction 2030

GRT could peak at $4.9000 in 2030, driven by the expansion of the decentralized ecosystem and increased adoption. Conversely, market corrections and external economic factors might lead to a decline, potentially lowering its value to $3.4690.

The Graph (GRT) Price Prediction 2040

Coin Edition anticipates that 2040 GRT could soar to $12.50, reflecting the long-term adoption of decentralized data solutions. On the other hand, macroeconomic challenges could cause a decline to $5.1450.

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