The Graph (GRT) is an ERC-20 utility token on The Graph Network, which is the indexing service for the blockchain (starting with Ethereum) and IPFS. This project was launched in 2020 by a team with some serious technical background and has already been called “Google for blockchain.”
Blockchain is, at its core, a database. However, for all its advantages over most of the traditional databases — like immutability and decentralization — it lacks one of their most important features: the way to easily and quickly retrieve the data stored inside. This is especially glaring if a query requires a combination of methods. Enter The Graph — a decentralized protocol that solves this problem by utilizing the subgraphs — a kind of an open API that can be created by any developer to retrieve the data needed for their dApp. The Graph Nodes then process, index, store, and serve this data back to the users.
There are three types of roles in the network, besides developers: Indexers, who index subgraphs; Delegators, who delegate their coins to Indexers; and Curators, who signal which subgraph should be indexed. All of them must stake their GRT tokens to secure the network. GRT also acts as a reward currency.
The Graph token (GRT) has started trading in December 2020 on a somewhat uncertain note, its price rising to ~$0.75 in its first days on the market but then dipping under $0.3 by early January. GRT’s utility in the DeFi space didn’t go unnoticed, though, and The Graph began trending upwards together with the whole sphere. In early February GRT price soared to $2.88, which is its all-time high. This surge can likely be attributed to The Graph’s rising public profile, including publications in large media outlets like Forbes and adding support for some well-known blockchains. After this, however, The Graph’s price started slowly trending down, with some pumps along the way: for example, the mainnet migration starting in late April 2021 propped the price up, from ~$.1.25 to ~$1.55. By the summer of the same year, GRT’s price dipped again, but this time there are fewer wild swings. After stabilizing around ~$0.5 for a while, it seems like The Graph’s price is slowly heading up to ~$0.75 and beyond.
The Graph has been experiencing a continuous downtrend since failing to break out of the resistance area between ~$2.3 — $2.9 in February 2021 until mid-June the same year, when the price started to consolidate, mostly in the ~$0.5 — $0.8 range. On the smaller scale, one might notice a bullish flag beginning around June 20, when GRT coin price bounced off the new low of $0.43 (possibly a new support level, or just an outlier for now) and hit ~$0.79 before reversing. By mid-July, it went down to ~$0.6. It might be argued, though, that this flag is not large enough to call for any action, so many investors choose to wait and monitor The Graph’s price movements for the time being.
Below we have collected the most reliable price projections for The Graph (GRT) from popular forecast platforms.
According to WalletInvestor, The Graph price will grow from $0.5492 to $0.859 in one year. That makes GRT an awesome investment. The long-term earning potential is 56.41%. Predicted price for the end of 2026 is $2.022.
Answering the question about if The Graph is a good investment, TradingBeasts say a resounding yes. In the 2021 perspective, this coin price is predicted to reach $0.8998295 with a growth to $1.5983006 by the end of 2022.
In DigitalCoin analysis, the price of The Graph cryptocurrency will rise in the next 5 years starting from $0.0000186 as of today’s price to $0.0000603. It will go up to $0.0000311 by 2022 and continue its growth in 2023–2024. Based on this forecast, The Graph is a profitable long-term investment.
In 2021, the average The Graph price will go up to $0.5508333. In 2022, The Graph’s price will rise significantly to an average of $0.7704167.
As it can be clear from the analysis cited above, The Graph (GRT) projections are rather contradictory. There is no universal consensus either about positive or negative future GRT price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the The Graph projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
Yes, The Graph coin is a good investment in 2021 for long-term gains, according to the unanimous agreement from several sources. It’s expected to appreciate upwards of 200% in the next few years.
The Graph coin (GRT) is a token powering The Graph Network — a revolutionary indexing protocol designed to help users to query and process data on the blockchain quickly and efficiently through custom APIs called subgraphs. This makes dApps work at speeds close to the regular web apps, which facilitates further adoption of blockchain.
The Graph coin is important in that it makes The Graph protocol work. This protocol is a much-needed solution for dApp and DeFi space, providing the UX that mass users are comfortable with.
The Graph crypto is expected to go at least 2x higher than its price in mid-2021 in the 5-year timeframe. Note that its team is also continuously upgrading the solution and getting new partnerships, so some disruption that can send GRT token price flying may be on the way.
The Graph is expected by most experts to be worth more than $2 in 2025. This might depend on some factors like the new features rollouts and the pace of blockchain adoption.
Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
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