Thursday, December 8, 2022
 

The Graph (GRT) Price Prediction: Will GRT Price Hit $0.1799 in 2022?

  • Bullish The Graph (GRT) price prediction ranges from $0.0941 to $0.158.
  • Analysis suggests that The Graph (GRT) price might reach above $0.1799 soon.
  • The Graph (GRT)’s bearish market price prediction for 2022 is $0.1599.

Aside from Bitcoin (BTC) and Ethereum (ETH), there are other digital currencies worth considering for people looking to diversify their portfolios and get experience with new cryptocurrencies. The Graph (GRT) is one of them.

The Graph (GRT) is an open-source and decentralized blockchain data indexing platform. Notably, it was intended to facilitate querying on the Ethereum network. The Graph network also enables developers to create subgraph-based APIs for distinct queries.

If you are interested in the future of GRT and want to know its predicted value for 2022, 2023, 2024, 2025, and 2030, keep reading!

What Is The Graph (GRT)?

The Graph (GRT) is an open-source and decentralized blockchain data indexing platform. The network’s purpose is to allow querying on Ethereum and enable developers to create several APIs known as subgraphs for different queries. The Graph now indexes data from Ethereum, IPFS, and POA, with support for other networks on the way.

The Graph gathered funding from community members, strategic VCs, and influential persons in the blockchain world, including Coinbase Ventures, DCG, Framework, ParaFi Capital, CoinFund, DTC, Multicoin, Reciprocal Ventures, SPC, Tally Capital, and others, to fund network development. 

The Graph network was the first blockchain project of its sort to launch. The Graph offers a distinct utility as the first decentralized market for querying and indexing data for dApps. This makes it an intriguing initiative in the blockchain and cryptocurrency space, which may reflect in the price of The Graph.

GRT will be an ERC-20 token on the Ethereum blockchain to allocate network resources. Active Indexors, Curators, and Delegators can earn from the network based on how much work they do and how much GRT they stake. Curators receive a part of query fees for the subgraphs they signal on. In contrast, indexers receive indexing incentives, and query fees receive a share of the Delegators from the assigned indexers.

Thanks to The Graph, blockchains now have an open data layer, which allows indexers to operate Graph Nodes on top of them using either their Ethereum archive nodes or node operators like Infura or Alchemy. Any analytics firm can create a program that allows users to search through subgraph data stored in The Graph’s index. The most seamless and practical approach to extracting data from the blockchain is to use subgraphs, which are open APIs.

The Graph (GRT) Current Market Status

According to CoinMarketCap, The Graph (GRT) is hovering at $0.1063 at the time of writing, with a total of 6,900,000,000 GRT in circulation. GRT has a 24-hour trading volume of $143,635,088.06, with a 45.69% increase. And during the past 24 hours, the price of GRT decreased by 0.43%. 

The most popular exchanges to trade The Graph (GRT) are Binance, BTCEX, OKX, BingX, and Bybit. Let’s continue with our GRT price research for 2022.

The Graph (GRT) Price Analysis 2022

Currently, The Graph ranks 59th on CoinMarketCap’s list of the biggest cryptocurrencies by market capitalization. Will GRT’s most recent improvements, additions, and modifications help its price rise? First, let’s focus on the charts in this article’s GRT price forecast.

The Graph (GRT) Price Analysis – Keltner Channel

GRT/USDT 1-Day Chart Showing Keltner Channel (Source: TradingView)
GRT/USDT 1-Day Chart Showing Keltner Channel (Source: TradingView)

When volatility bands are positioned on either side of an asset’s price, it is possible to determine the direction of a trend with the help of the Keltner Channel. The price of The Graph (GRT) can be predicted using the Keltner Channel indications for GRT/USDT. It may keep following a downward trend since the price is still in the first half of the channel from the bottom. It is often recommended to wait for a downturn or a better entry point to improve the reward-to-risk ratio.

The Graph (GRT) Price Analysis – Relative Strength Index

GRT/USDT 1-Day Chart Showing Relative Strength Index (Source: TradingView)
GRT/USDT 1-Day Chart Showing Relative Strength Index (Source: TradingView)

In technical analysis, the relative strength index (RSI) is a momentum indicator. The RSI examines the speed and amplitude of a security’s recent price swings to determine if it is overvalued or undervalued. The RSI value of the 1-Day chart is 41.80. A movement below 50 indicates that more traders are selling GRT rather than buying, driving the price down. 

The Graph (GRT) Price Analysis – Moving Average

GRT/USDT 1-Day Chart Showing 200-MA and 50-MA (Source: TradingView)
GRT/USDT 1-Day Chart Showing 200-MA and 50-MA (Source: TradingView)

Above is a daily chart of The Graph’s (GRT’s) 200-day, 100-day, and 50-day Moving Averages (MAs). Looking at the chart above, GRT is now running sideways. The GRT 50-day MA is below the 200-day MA (long-term), indicating that the market is entirely bearish. Also, there is a wide gap between 50 MA and 200 MA, meaning the current downtrend will continue. 

The Graph (GRT) Price Prediction 2022

GRT/USDT 1-Day Chart  (Source: TradingView)
GRT/USDT 1-Day Chart  (Source: TradingView)

By looking at the daily chart of GRT/USDT, the GRT price was swinging from $0.0941 to $0.1584 after touching the support level of $0.0984-$0.0833. Bouncing back from the support level, GRT is now going sideways in the market and is expected to return bullish after breaking out of the current resistance level.

Meanwhile, our long-term GRT price prediction for 2022 is bullish since it cannot break the support level. We can expect GRT to reach $0.1599 this year. 

The Graph (GRT) Price – Resistance and Support Levels

GRT/USDT 1-Day Chart (Source: TradingView)
GRT/USDT 1-Day Chart (Source: TradingView)

The chart above shows that the price of GRT has decreased in the past few months. Moreover, the price of GRT has been down by 2.07% in the past 24 hours after a small pump during the week. If this continues, GRT might keep running bulls, breaking its $0.1599 resistance 1 level and eventually increasing to $0.1734.

If GRT cannot break the $0.3092 resistance 1 level, the bears may seize control and dethrone GRT to a downtrend stance. In simple terms, the price of GRT might fall to almost $0.0828, indicating a negative signal given by the previous support level.

The Graph (GRT) Price Prediction 2023

If The Graph (GRT) ends at $0.1799 or more in 2022, this will signal to investors that the effect of the recent crypto winter is over. This is because the price is above the current 90-day high price of GRT, which stands at $0.2805 at the time of writing. We expect the GRT price to rise to $0.3843 by the end of 2023.

The Graph (GRT) Price Prediction 2024

The cryptocurrency market is known to repeat history, and most cryptocurrencies follow the Bitcoin trend. With 2024 as the year of the Bitcoin halving, there will be many sentiments toward the market, which is always bullish. We can expect the price of The Graph (GRT) to react positively to the news and trade at around $0.7181 by the end of 2024.

The Graph (GRT) Price Prediction 2025

The effect of any Bitcoin correction is experienced in the following year from recent history. If GRT ends in 2024 for $0.9103 or more, we can expect the price of GRT to grow in 2025. This could make GRT trade in 2015, considering investors will be bullish.

The Graph (GRT) Price Prediction 2026

With the rise in cryptocurrency adoption in the mainstream, we can expect a possible market reversal in 2026 to have little impact on the recent gains in the price of GRT. Hence, GRT could end in 2026 at around $1.1024 or more. 

The Graph (GRT) Price Prediction 2027

The most bearish market is followed by market consolidation in the next year. If the year 2026 turns out to be bearish for GRT, we could expect the market to stabilize in 2027 and even trade higher. Hence, it is possible to see GRT trade at around $1.3761 in 2027.

The Graph (GRT) Price Prediction 2028

The Graph is likely to trade above its 2025 price prediction of $1.3761 in 2028 due to the Bitcoin halving. With the powerful sentiment of investors to buy more cryptocurrencies, a buy pressure could be seen in the market, which will make GRT trade at around $1.7246 in 2028.

The Graph (GRT) Price Prediction 2029

The most impact of a bullish sentiment resulting from Bitcoin halving is mainly experienced in the coming year. We can expect the price of GRT to break more psychological resistance and trade around $2.7311 by the end of 2029.

The Graph (GRT) Price Prediction 2030

The impact of cryptocurrency adoption could stabilize the market by 2030, sustaining the bullish gains of the previous years. Hence, we can expect the price of GRT to trade above $4.3598 by the end of 2030.

Conclusion

As said above, it may reach over $5 if investors have decided that GRT is a good investment along with mainstream cryptocurrencies.

FAQ

What is The Graph (GRT)?

The Graph (GRT) is an open-source and decentralized blockchain data indexing platform. Its purpose is to allow querying on the Ethereum network and enable developers to create several APIs known as subgraphs for different queries. The Graph now indexes data from Ethereum, IPFS, and POA, with support for other networks on the way.

How to buy GRT tokens?

Like other digital assets in the crypto world, GRT can be traded on many exchanges. Binance, BTCEX, OKX, BingX, and Bybit are currently the most popular cryptocurrency exchanges for trading GRT. 

Will GRT surpass its current ATH?

Since GRT provides investors with several opportunities to profit from their crypto holdings, it seems to be a good investment in 2022. Notably, GRT has a high possibility of surpassing its current ATH in 2030.

Can GRT reach $0.5 soon?

GRT is one of the few active crypto assets that continue to rise in value. As long as this bullish trend continues, GRT might break through $0.3 and reach as high as $0.5. Of course, if the current market favoring crypto continues, it will likely happen.

Is GRT a good investment in 2022?

GRT is expected to continue its upward trend as one of the fastest-rising cryptocurrencies. We may also conclude that GRT is an excellent cryptocurrency to invest in this year, given its recent partnerships and collaborations that have improved its adoption.

What is the lowest price of GRT?

The lowest GRT price is not stated yet on CoinMarketCap.

Which year was GRT launched?

GRT was launched in December 2017.

Who are the co-founders of GRT?

The Graph (GRT) was co-founded by Yaniv Tal, Jannis Pohlmann, and Brandon Ramirez.

What is the maximum supply of GRT?

The maximum supply of GRT is 10,057,044,431 GRT.

How do I store GRT?

GRT can be stored in a cold wallet, hot wallet, or exchange wallet.

What will be the GRT price in 2023?

GRT price is expected to reach $0.1799 by 2023.

What will be the GRT price in 2024?

GRT price is expected to reach $0.7181 by 2024.

What will be the GRT price in 2025?

GRT price is expected to reach $0.9103 by 2025.

What will be the GRT price in 2026?

GRT price is expected to reach $1.1024 by 2026.

What will be the GRT price in 2027?

GRT price is expected to reach  $1.3761 by 2027.

What will be the GRT price in 2028?

GRT price is expected to reach $1.7246 by 2028.

What will be the GRT price in 2029?

GRT price is expected to reach $2.7311 by 2029.

What will be the GRT price in 2030?

GRT price is expected to reach $4.3598 by 2030.

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and affiliates will not be held liable for direct damage or loss.

More Crypto Price Predictions:

  • Bullish The Graph (GRT) price prediction ranges from $0.0941 to $0.158.
  • Analysis suggests that The Graph (GRT) price might reach above $0.1799 soon.
  • The Graph (GRT)’s bearish market price prediction for 2022 is $0.1599.

Aside from Bitcoin (BTC) and Ethereum (ETH), there are other digital currencies worth considering for people looking to diversify their portfolios and get experience with new cryptocurrencies. The Graph (GRT) is one of them.

The Graph (GRT) is an open-source and decentralized blockchain data indexing platform. Notably, it was intended to facilitate querying on the Ethereum network. The Graph network also enables developers to create subgraph-based APIs for distinct queries.

If you are interested in the future of GRT and want to know its predicted value for 2022, 2023, 2024, 2025, and 2030, keep reading!

What Is The Graph (GRT)?

The Graph (GRT) is an open-source and decentralized blockchain data indexing platform. The network’s purpose is to allow querying on Ethereum and enable developers to create several APIs known as subgraphs for different queries. The Graph now indexes data from Ethereum, IPFS, and POA, with support for other networks on the way.

The Graph gathered funding from community members, strategic VCs, and influential persons in the blockchain world, including Coinbase Ventures, DCG, Framework, ParaFi Capital, CoinFund, DTC, Multicoin, Reciprocal Ventures, SPC, Tally Capital, and others, to fund network development. 

The Graph network was the first blockchain project of its sort to launch. The Graph offers a distinct utility as the first decentralized market for querying and indexing data for dApps. This makes it an intriguing initiative in the blockchain and cryptocurrency space, which may reflect in the price of The Graph.

GRT will be an ERC-20 token on the Ethereum blockchain to allocate network resources. Active Indexors, Curators, and Delegators can earn from the network based on how much work they do and how much GRT they stake. Curators receive a part of query fees for the subgraphs they signal on. In contrast, indexers receive indexing incentives, and query fees receive a share of the Delegators from the assigned indexers.

Thanks to The Graph, blockchains now have an open data layer, which allows indexers to operate Graph Nodes on top of them using either their Ethereum archive nodes or node operators like Infura or Alchemy. Any analytics firm can create a program that allows users to search through subgraph data stored in The Graph’s index. The most seamless and practical approach to extracting data from the blockchain is to use subgraphs, which are open APIs.

The Graph (GRT) Current Market Status

According to CoinMarketCap, The Graph (GRT) is hovering at $0.1063 at the time of writing, with a total of 6,900,000,000 GRT in circulation. GRT has a 24-hour trading volume of $143,635,088.06, with a 45.69% increase. And during the past 24 hours, the price of GRT decreased by 0.43%. 

The most popular exchanges to trade The Graph (GRT) are Binance, BTCEX, OKX, BingX, and Bybit. Let’s continue with our GRT price research for 2022.

The Graph (GRT) Price Analysis 2022

Currently, The Graph ranks 59th on CoinMarketCap’s list of the biggest cryptocurrencies by market capitalization. Will GRT’s most recent improvements, additions, and modifications help its price rise? First, let’s focus on the charts in this article’s GRT price forecast.

The Graph (GRT) Price Analysis – Keltner Channel

GRT/USDT 1-Day Chart Showing Keltner Channel (Source: TradingView)
GRT/USDT 1-Day Chart Showing Keltner Channel (Source: TradingView)

When volatility bands are positioned on either side of an asset’s price, it is possible to determine the direction of a trend with the help of the Keltner Channel. The price of The Graph (GRT) can be predicted using the Keltner Channel indications for GRT/USDT. It may keep following a downward trend since the price is still in the first half of the channel from the bottom. It is often recommended to wait for a downturn or a better entry point to improve the reward-to-risk ratio.

The Graph (GRT) Price Analysis – Relative Strength Index

GRT/USDT 1-Day Chart Showing Relative Strength Index (Source: TradingView)
GRT/USDT 1-Day Chart Showing Relative Strength Index (Source: TradingView)

In technical analysis, the relative strength index (RSI) is a momentum indicator. The RSI examines the speed and amplitude of a security’s recent price swings to determine if it is overvalued or undervalued. The RSI value of the 1-Day chart is 41.80. A movement below 50 indicates that more traders are selling GRT rather than buying, driving the price down. 

The Graph (GRT) Price Analysis – Moving Average

GRT/USDT 1-Day Chart Showing 200-MA and 50-MA (Source: TradingView)
GRT/USDT 1-Day Chart Showing 200-MA and 50-MA (Source: TradingView)

Above is a daily chart of The Graph’s (GRT’s) 200-day, 100-day, and 50-day Moving Averages (MAs). Looking at the chart above, GRT is now running sideways. The GRT 50-day MA is below the 200-day MA (long-term), indicating that the market is entirely bearish. Also, there is a wide gap between 50 MA and 200 MA, meaning the current downtrend will continue. 

The Graph (GRT) Price Prediction 2022

GRT/USDT 1-Day Chart  (Source: TradingView)
GRT/USDT 1-Day Chart  (Source: TradingView)

By looking at the daily chart of GRT/USDT, the GRT price was swinging from $0.0941 to $0.1584 after touching the support level of $0.0984-$0.0833. Bouncing back from the support level, GRT is now going sideways in the market and is expected to return bullish after breaking out of the current resistance level.

Meanwhile, our long-term GRT price prediction for 2022 is bullish since it cannot break the support level. We can expect GRT to reach $0.1599 this year. 

The Graph (GRT) Price – Resistance and Support Levels

GRT/USDT 1-Day Chart (Source: TradingView)
GRT/USDT 1-Day Chart (Source: TradingView)

The chart above shows that the price of GRT has decreased in the past few months. Moreover, the price of GRT has been down by 2.07% in the past 24 hours after a small pump during the week. If this continues, GRT might keep running bulls, breaking its $0.1599 resistance 1 level and eventually increasing to $0.1734.

If GRT cannot break the $0.3092 resistance 1 level, the bears may seize control and dethrone GRT to a downtrend stance. In simple terms, the price of GRT might fall to almost $0.0828, indicating a negative signal given by the previous support level.

The Graph (GRT) Price Prediction 2023

If The Graph (GRT) ends at $0.1799 or more in 2022, this will signal to investors that the effect of the recent crypto winter is over. This is because the price is above the current 90-day high price of GRT, which stands at $0.2805 at the time of writing. We expect the GRT price to rise to $0.3843 by the end of 2023.

The Graph (GRT) Price Prediction 2024

The cryptocurrency market is known to repeat history, and most cryptocurrencies follow the Bitcoin trend. With 2024 as the year of the Bitcoin halving, there will be many sentiments toward the market, which is always bullish. We can expect the price of The Graph (GRT) to react positively to the news and trade at around $0.7181 by the end of 2024.

The Graph (GRT) Price Prediction 2025

The effect of any Bitcoin correction is experienced in the following year from recent history. If GRT ends in 2024 for $0.9103 or more, we can expect the price of GRT to grow in 2025. This could make GRT trade in 2015, considering investors will be bullish.

The Graph (GRT) Price Prediction 2026

With the rise in cryptocurrency adoption in the mainstream, we can expect a possible market reversal in 2026 to have little impact on the recent gains in the price of GRT. Hence, GRT could end in 2026 at around $1.1024 or more. 

The Graph (GRT) Price Prediction 2027

The most bearish market is followed by market consolidation in the next year. If the year 2026 turns out to be bearish for GRT, we could expect the market to stabilize in 2027 and even trade higher. Hence, it is possible to see GRT trade at around $1.3761 in 2027.

The Graph (GRT) Price Prediction 2028

The Graph is likely to trade above its 2025 price prediction of $1.3761 in 2028 due to the Bitcoin halving. With the powerful sentiment of investors to buy more cryptocurrencies, a buy pressure could be seen in the market, which will make GRT trade at around $1.7246 in 2028.

The Graph (GRT) Price Prediction 2029

The most impact of a bullish sentiment resulting from Bitcoin halving is mainly experienced in the coming year. We can expect the price of GRT to break more psychological resistance and trade around $2.7311 by the end of 2029.

The Graph (GRT) Price Prediction 2030

The impact of cryptocurrency adoption could stabilize the market by 2030, sustaining the bullish gains of the previous years. Hence, we can expect the price of GRT to trade above $4.3598 by the end of 2030.

Conclusion

As said above, it may reach over $5 if investors have decided that GRT is a good investment along with mainstream cryptocurrencies.

FAQ

What is The Graph (GRT)?

The Graph (GRT) is an open-source and decentralized blockchain data indexing platform. Its purpose is to allow querying on the Ethereum network and enable developers to create several APIs known as subgraphs for different queries. The Graph now indexes data from Ethereum, IPFS, and POA, with support for other networks on the way.

How to buy GRT tokens?

Like other digital assets in the crypto world, GRT can be traded on many exchanges. Binance, BTCEX, OKX, BingX, and Bybit are currently the most popular cryptocurrency exchanges for trading GRT. 

Will GRT surpass its current ATH?

Since GRT provides investors with several opportunities to profit from their crypto holdings, it seems to be a good investment in 2022. Notably, GRT has a high possibility of surpassing its current ATH in 2030.

Can GRT reach $0.5 soon?

GRT is one of the few active crypto assets that continue to rise in value. As long as this bullish trend continues, GRT might break through $0.3 and reach as high as $0.5. Of course, if the current market favoring crypto continues, it will likely happen.

Is GRT a good investment in 2022?

GRT is expected to continue its upward trend as one of the fastest-rising cryptocurrencies. We may also conclude that GRT is an excellent cryptocurrency to invest in this year, given its recent partnerships and collaborations that have improved its adoption.

What is the lowest price of GRT?

The lowest GRT price is not stated yet on CoinMarketCap.

Which year was GRT launched?

GRT was launched in December 2017.

Who are the co-founders of GRT?

The Graph (GRT) was co-founded by Yaniv Tal, Jannis Pohlmann, and Brandon Ramirez.

What is the maximum supply of GRT?

The maximum supply of GRT is 10,057,044,431 GRT.

How do I store GRT?

GRT can be stored in a cold wallet, hot wallet, or exchange wallet.

What will be the GRT price in 2023?

GRT price is expected to reach $0.1799 by 2023.

What will be the GRT price in 2024?

GRT price is expected to reach $0.7181 by 2024.

What will be the GRT price in 2025?

GRT price is expected to reach $0.9103 by 2025.

What will be the GRT price in 2026?

GRT price is expected to reach $1.1024 by 2026.

What will be the GRT price in 2027?

GRT price is expected to reach  $1.3761 by 2027.

What will be the GRT price in 2028?

GRT price is expected to reach $1.7246 by 2028.

What will be the GRT price in 2029?

GRT price is expected to reach $2.7311 by 2029.

What will be the GRT price in 2030?

GRT price is expected to reach $4.3598 by 2030.

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and affiliates will not be held liable for direct damage or loss.

More Crypto Price Predictions:

 

Latest news