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.
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.
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.
Today’s The Graph price is $0.110121 with a 24-hour trading volume of $82,575,215. The Graph is up 9.24% in the last 24 hours. The current CoinMarketCap ranking is #58, with a live market cap of $759,837,236. It has a circulating supply of 6,900,000,000 GRT coins and a max. supply of 10,057,044,431 GRT coins.
This guide provides pertinent information about the network, the Graph price today, its historical performance, and its prospects. Also, it gives a detailed Graph technical analysis and predictions for informational purposes.
Read also: The Graph price analysis: GRT rallies to $0.167 as bulls gain 12.6 percent overnight
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 billions of data queries. In April 2021 alone, the Graph has 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 Overview
Graph Overview
| Coin | Symbol | Price | Marketcap | Change | Last 24h | Supply | Volume (24h) |
|---|---|---|---|---|---|---|---|
 |
GRT | $ 0.102508 | $ 758.98 M | 2.32% | 7.40 B | $ 31.19 M |
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 Technical Analysis
As was anticipated, the price quickly removed the liquidity that was located below the support and then went back in an aggressive upward direction. The MACD is exhibiting some positive momentum, the RSI has reached an overbought level, and the EMAs are in a neutral position. Once the price reaches $0.092 and the resistance level, it is advised to establish a long position there depending on the market conditions. I am looking forward to it.
The Graph Price Predictions by Authority Sites
Wallet Investor
GRT is a poor long-term (1-year) investment, according to the Wallet Investor Forecast System. Smart technical analysis updates the graph projections every 3 minutes with the most recent prices.
Wallet Investor forecasted future prices for a wide range of digital currencies, including The Graph, using technical analysis. If you’re seeking a high-returning virtual currency, GRT may be a terrible, high-risk 1-year investment alternative. On 2022-07-17, the Graph price was 0.0989 USD, however, your present investment may be undervalued in the future.
Coincodex
According to Coincodex’s current The Graph price projection, the value of The Graph is expected to climb by 9.56 percent by July 22, 2022, reaching $ 0.107899. Coincodex technical indicators indicate that the current attitude is bearish, with the Fear & Greed Index reading 24. (Extreme Fear). Over the previous 30 days, the graph shows 19/30 (63%) green days and 7.37 percent price volatility. According to our The Graph forecast, now is not the time to purchase The Graph.
Comparing The Graph to other significant technical advancements and trends is one method of projecting where The Graph price may go in the long run. If GRT’s development trajectory mirrored that of the internet or huge tech companies like Google and Facebook in their boom period.
In the best-case scenario, GRT’s price projection for 2025 is $ 1.09 if it grows at the same rate as Facebook. If The Graph follows Internet expansion, the forecast for 2025 is $ 0.213889.
Digital Coin Price
The Graph has a chance of breaking past the $0.16 barrier and capturing the market by the end of 2023. The Graph’s lowest price will be between $0.13 and $0.16. The Graph Price Prediction, or GRT, will rise rapidly in 2026, with the potential to set new highs in terms of price points and market cap.
According to GRT prediction and technical analysis, The Graph Price Prediction is likely to cross the $0.40 average price level in 2029. The Graph will attempt to hit the lowest level of $0.48 in 2031. With an average expected price of $0.51, it may attempt to obtain the maximum and next top tier of $0.55.
Cryptopolitan
The Graph Price Prediction 2022
According to our in-depth technical analysis of GRT coin price history, the price of The Graph is expected to reach a low of $0.16 in 2022. With an average trading price of $0.17, the GRT price may reach a maximum price of $0.19.
The Graph Price Prediction 2023
In 2023, the price of The Graph is expected to fall to a low of $0.24. Throughout 2023, The Graph price might reach a maximum of $0.28 with an average price of $0.24.
The Graph Price Prediction 2024
According to the forecast price and technical analysis, the price of The Graph is expected to hit a low of $0.35 in 2024. With an average trading price of $0.37, the GRT price may reach a maximum of $0.42.
The Graph Price Prediction 2025
In 2025, the price of 1 The Graph is anticipated to fall to a low of $0.54. Throughout 2025, the GRT price might reach a maximum of $0.61 with an average price of $0.56.
The Graph Price Prediction 2026
The price of Graph is expected to go as low as $0.77 in 2026. According to our results, the GRT price might reach a high of $0.93 with an average predicted price of $0.80.
The Graph Price Prediction 2027
According to our in-depth technical analysis of GRT price history, the price of The Graph in 2027 is expected to be about $1.08. The Graph price value may reach a maximum of $1.34 in USD, with an average trading value of $1.11.
The Graph Price Prediction 2028
In 2028, the price of The Graph is expected to fall to a low of $1.62. Throughout 2028, The Graph price might reach a high of $1.92 with an average selling price of $1.68.
The Graph Price Prediction 2029
According to the projection and technical analysis, the price of The Graph is anticipated to reach a low of $2.37 in 2029. The GRT price may reach a maximum of $2.79, with an average price of $2.43.
The Graph Price Prediction 2030
The Graph’s price is expected to hit a low of $3.38 in 2030. Throughout 2030, The Graph price might reach a high of $4.10 with an average trading price of $3.50.
The Graph Price Prediction 2031
The price of Graph is expected to be at a minimum of $4.86 in 2031. According to our estimates, the GRT price might reach a high of $6.03, with an average projected price of $5.04.
Conclusion
The value of the Graph is likely to keep going up since scarcity tends to make prices go up. Please keep in mind that every investment comes with some risk. Just invest in what you can lose, and do as much research as you can before coming to any conclusion on investment decisions.
The Graph has a great chance to reach new heights in terms of price. It is thought that the value of GRT will go up. Experts and business analysts say that the price of Graph is expected to be at a minimum of $4.86 in 2031. According to our estimates, the GRT price might reach a high of $6.03, with an average projected price of $5.04.
As observed in the analysis above by other sites, there is no agreement on whether GRT prices will rise or drop in the future. Indeed, future potential growth is based on a variety of factors, including news, new technology solutions for The Graph projects, the overall crypto market, and so on.
GRT is finding support at an incredibly oversold level, making it a fairly decent entry point for a trade. Altcoins have been viciously targeted since early April when $GRT lost 70% of its value in such a short period of time.
Nonetheless, The Graph coin price prediction indicates that the GRT cryptocurrency has a promising future. With the GRT market 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.
