In this post, we will bring you an in-depth look at The Graph (GRT) price prediction in 2021 and beyond to answer the question: Is GRT a good investment or not?
In addition to providing GRT price prediction for 2021 and onwards, we will attempt to answer the following questions. What is the Graph? Why is Graph known as the Google of Blockchain applications? Does the Graph (GRT) have a solid potential to flourish in the future? What kind of token is GRT? What are the potential benefits and risks of investing in the GRT token? How do crypto analysts and experts think about GRT prices in the future? What will be the maximum and minimum GRT price levels in the short and long term?
Therefore, if you have the same questions, you are at the right place to have your questions answered. We have provided a comprehensive guide to answer all these questions.
What is Graph (GRT)?
Graph (GRT) is used to gather, process, and store data generated by blockchain applications. It is an indexing protocol, meaning the network indices the data collected into various subgraphs, thereby facilitating retrieval. Applications can send queries to the network and retrieve relevant data conveniently. As a result, Graph eliminates the technical barriers to querying. In other words, data is the key to the future. And the Graph provides data in a format that allows developers of dApps to use it for insights and improvements. Thus, the Graph seeks to facilitate the smooth exchange of data between blockchains and applications. In the same way that Google indexes the web, The Graph indexes blockchain data. Any user can build subgraphs, known as APIs that can index and store data pulled from Ethereum or other blockchains without needing a third party.
Meanwhile, GRT, the native token of the platform, ensures the integrity of data. More precisely, GRT is an ERC-20 token working on the Ethereum blockchain, and it is central to the Graph’s economy. Users must stake GRT to play their roles and earn fees. GRT has a limited supply of 10,057,044,431.
The Graph platform has been attracting increasing attention. The Graph had been integrated by various projects, including Kyber and Optimism. Moreover, 1,700 subgraphs have been deployed for dApps like Aragon, Uniswap, Synthetix, Balancer, Gnosis, Balancer, Livepeer, and Decentraland. This increasing interest and the network’s high activity level with various partnerships and integrations have resulted in a bullish market outlook for the Graph. This bullish market outlook is likely to continue as Graph becomes more relevant to the blockchain ecosystem.
The Graph’s Team
The team behind the Graph Network includes several industry veterans, and the founding team includes Yaniv Tal, Brandon Ramirez, Jannis Pohlmann, and David Lutterkort are among the team’s members. They started working on the Graph back in 2017, and the project finally came to fruition a few years later. In October 2020, the Graph Foundation sold roughly $12 million worth of GRT during its initial public sale at the price of $0.03 per token. The Graph protocol launched in December 2020, giving GRT utility.
Some Benefits of Investing in GRT
- Think of blockchain as the internet but without a search engine. GRT aims to act as a search engine. Thus, developers can get the information they need at a much quicker rate. If so, the Graph would represent a significant and crucial step forward in the blockchain industry, further connecting the technology to mainstream applications. And that’s at least the fundamental reason why GRT may skyrocket in the future.
- The GRT value is currently down. But there is potential for it to go up in the future, depending on the adoption of the network in the future. Additionally, if the group develops new blockchain integrations, GRT may well go up and potentially break its prior price records.
- If Graph continues its roadmap successfully, it will establish its role as a cornerstone technology in the sector.
The Risks of Investing in the GRT
- GRT is a young token, with short and volatile price history. In other words, currently, GRT is a highly speculative investment after Bitcoin cloud mining.
- There are other competitors in this way. The Graph’s top competitors include Tatum, Alchemy, StreamingFast, and QEDIT.
A Review of GRT Price History
One of the best methods to predict the future price of a cryptocurrency like The Graph (GRT) is to examine its price history.
Source: TradingBeasts (GRT Price Performance at a Glance)
GRT first entered the crypto market on 18 December 2020 at the cost of $0.17. The token surged to $0.68 within a few days after entering the market, representing almost a %425 increase within just three days. Shockingly, the price fell to $0.35 on 26 December. Later GRT jumped to $0.45 in a day or two. As bears took control of the market, the price dropped to a support level of $0.36 by the end of December.
Source: CoinMarketCap (GRT Price Performance in 2020)
The GRT token traded on a bearish note with a price of $0.35 in early January 2021. Later, the token started to recover and marked its ATH at $2.88 on February 12, 2021. Later, on May 19, when the market crashed, the GRT price dropped from $1.23 to $0.75. Afterward, GRT tried to recover from the crash. However, as of July 2021, GRT fluctuated around $0.66 per token.
GRT Price Performance in 2021
Currently, according to CoinMarketCap, the GRT price is $1.02, showing a %1.76 increase in the last 24 hours. GRT’s current ranking is 34, with a live market cap of $4,895,250,596.
Source: WalletInvestor (GRT Technical Analysis)
GRT Price Prediction in 2021 and Onwards
Providing cryptocurrency price predictions can be challenging, given the volatility of the market. In addition, GRT has a relatively short price history so far. In this regard, it is essential to remember that these price predictions are just speculations. Therefore, remember it is impossible to predict the market precisely and with total certainty.
WalletInvestor GRT Price Prediction
The WalletInvestor forecast system thinks that GRT is a bad long-term (1-year) investment. However, as this virtual currency has a positive outlook, WalletInvestor recommends it as a part of your investment portfolio. According to WalletInvestor’s algorithm-based forecast, the GRT price could be as high as $2.334 at the end of 2021 and, by 2026, the token can rise to $10.315.
Source: WalletInvestor (Short-term GRT Price Prediction in 2021)
Long-term GRT Price Prediction
TradingBeasts GRT Price Prediction
As reported by the platform, The Graph price is forecasted to reach $1.30272 by the beginning of September 2021. The expected maximum price is $1.64367, and the minimum cost is $1.11770. The Graph price prediction for the end of the month is $1.31494.
By the end of the year, the Graph price is to reach $1.39350. The expected maximum price is $1.36448, and the minimum value is $0.92785. The Graph price prediction for the end of the month is $1.09158.
The Graph Price Prediction for the Coming Months of 2021
TradingBeasts predicted GRT price for 2022 is at least ($1.82401), for 2023 ($2.38665), and for 2024 is ($2.76868). Thus, according to their forecasts, GRT is going to increase.
Coinpedia GRT Price Prediction
According to Coinpedia, the GRT coin price can blow a high at $1.607 by the end of 2021. This GRT price prediction is based on the launching of a software development company- Edge & Node- aiding blockchain protocol development. Accordingly, if the bullish trend continues to take the GRT coin price to higher ends, the new year may start bullish. In this case, GRT might trade at $1.612 in 2022. In the worst-case scenario, if this year closes at the minimum price level, the coming year might resume bearishly at $0.241.
Regarding GRT price prediction in 2022, Coinpedia adds: Earlier this year, the Graph network announced it would expand its blockchain protocol to Bitcoin and many other cryptocurrencies. If it happens, its new integrations can draw new investors to drive GRT coin price up to $2.87. On the other hand, if things don’t work out as planned, GRT prices can drop significantly. In this scenario, the price may drop to $0.580 by the end of 2022.
In the next five years, GRT might be considered the currency to build a new decentralized generation. GRT can reach a new high at $5.414 if the community invests in other projects and enhances the blockchain infrastructure. On the other hand, in the long run, if GRT continues with high volatility levels, then the price may drop to $4.707. Moreover, if the altcoin manages to reverse the downside pressure, it might move in linear ranges of $3.912.
Digital Coin Price GRT Price Prediction
According to the platform, the lowest price of GRT in the future will be up to $4.31, and its maximum price will be up to $5.24. As shown in the diagram below, the GRT price will increase in the short and long term. So it is considered a profitable investment for making money. As such, the GRT price will be $2.09 after one year, up to $2.55 after two years, almost $2.57 after three years, and up to $4.09 in the next five years.
Source: Digital Coin Price
Gov Capital GRT Price Prediction
Gov Capital is pessimistic concerning the future of Graph. The Gov Capital crypto predictions consider several variables such as volume changes, price changes, market cycles, and similar coins. Accordingly, the website predicts that the future price of the asset will be $0.47173863729412 after a year (representing a %55.454 decrease). This means that if you invested $100 now, your investment may be worth $44.546 on August 23, 2022.
Source: Gov Capital (14 Days GRT Price Prediction)
One year GRT Price Prediction
The Economy Forecast Agency (EFA) –known as Long Forecast- predicts that GRT will be $1.18 in December 2021. It will be $2.24 by the end of 2022, $2.74 at the end of 2023, and finally $1.39 in 2024. Therefore, the Economy Forecast Agency (EFA) does not see a very bright future for the GRT token.
Pick A Crypto GRT Price Forecast
According to Pickacrypto.com, the predicted GRT price could reach somewhere around $1 to $2 in the next few months.
From 2022 to 2025, they think GRT price will visit the $4 – $10 area as its team continues to develop their products and they gain popularity with their target audience. As such, fundamental analysis of the Graph is crucial when predicting the price of the GRT token in the long run.
Cryptocurrency Price Prediction
The platform predicts the following figures for GRT:
December 2021 $2.5410
December 2022 $4.2711
December 2030 $43.2515
Accordingly, the GRT will increase, making its holders and traders happy in the short and long term. Based upon predictions, GRT will be worth at least $15 in 2030.
With multiple partnerships and the DeFi world booming, the Graph network sounds like a promising project and has a high potential to reach new heights. Seemingly, GRT will appreciate based on the fundamentals of the Graph project and the team’s progress towards their roadmap goals and milestones. However, The Graph Network and its token, GRT, are a very new type of cryptocurrency. Thus, the Graph has a long way ahead to approve its value and utility in the crypto sector. Moreover, you may have noticed, price analysts are giving mixed signals as to how the token might perform in the long run. Therefore, in deciding whether the Graph (GRT) is a good investment or not, you had better take into account possible risks and rewards.
In this way, you have to monitor GRT and its team’s progress very closely. Taking both technical and fundamental analyses into account is essential in deciding to invest any amount of funds in the Graph. As such, you had better add the utility token to your portfolio as a long-term investment alternative. But try to invest the amount of money that you can afford to lose.