The Graph Price Prediction – The Graph Forecast 2021, 2022, 2025 & 2030

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The goal of blockchain technology is to be decentralised and trustless, which means that specific processes that would typically be used cannot be applied in blockchain-based systems. Retrieving data from the third party is one of these processes – yet The Graph (GRT) offers a simple solution that looks to have incredible value in the future.

In this article, we’ll explore our The Graph Price Prediction in depth. We’ll touch on how The Graph works and the token’s outlook before highlighting where you can buy The Graph today – with no commissions!

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the-graph

The Graph (GRT)

Price
$ 0.704981

The Graph Price Prediction 2021 to 2022

In this The Graph stock forecast will explore what this cryptocurrency does and the coin’s prospects over the short and long term. However, if you’re just looking for a brief overview of our findings, the bullet points below highlight our estimations for the months ahead.

  • One Month – The Graph price today is trading around $0.86, following a push from the bottom of the range just over a week ago. We estimate that this bullish momentum will continue, giving The Graph a value of $1 within the next month.
  • Three Months – Once The Graph reaches $1, there will likely be some consolidation since this level represents a solid psychological barrier. However, once the upwards momentum starts once more, we could see The Graph head towards $1.50 over the next three months.
  • Early 2022 – The early part of the year is traditionally relatively slow for cryptos, so momentum may die down a little here. With that said, our The Graph forecast estimates that the coin will look to reach $1.70 by the early part of 2022.

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The Graph Price History – the Story of 2021 So Farthe graph logo

If you’re looking to buy cryptocurrency today, then it may be worth considering The Graph. This cryptocurrency has a unique use case that seems set to become increasingly popular as blockchain-based technology grows in prevalence. With that in mind, let’s discuss what The Graph is and how the price reached this point.

The best way to think about The Graph is as a sort of ‘search engine’ for the blockchain. This cryptocurrency has been described as ‘the Google of blockchains’ due to how it operates, as it works as a decentralised indexing protocol that works with blockchain data. Data is organised into subgraphs, which users can then search for the desired information that they need.

Although this may seem a little confusing, the process is relatively simple. Before The Graph existed, users of the Ethereum (ETH) blockchain would have to build their own indexing protocols to find the required data. Now, through the use of subgraphs (which are APIs that work for various applications), users can send queries easily and retrieve the information they seek.

The Graph protocol

The Graph’s native token, GRT, is central to the network running properly. Firstly, node operators can stake their GRT holdings, which is integral to the indexing and querying processes – these operators will then receive a return on their ‘investment’. Alternatively, users can ‘delegate’ their holdings to node operators and receive a smaller return, yet won’t have to run their own node.

Curators are another member of The Graph ecosystem, as they signal which subgraphs should be indexed (which is essentially them saying that a particular subgraph is of high quality). Again, curators are rewarded in GRT for their services. Finally, consumers pay GRT to receive the information they seek. Thus, the four stakeholders mentioned here represent how GRT is used in this cryptocurrency’s ecosystem.

the graph price chart

Turning our attention to the price chart, we can see that The Graph has shown a lot of volatility this year (which is to be expected when investing in cryptocurrency). An increase of around 1144% in the early part of the year was followed by a sharp decline, which saw The Graph price live hit a low of $0.43 in June 2021. After this, the price trickled sideways for the next few months, trying to find some impetus.

However, since September, things seem to be picking up for The Graph. Price closed past the $1 mark once in August and once in September, yet immediately retreated once this point had been reached. Right now, The Graph is trading in a tight range just below the $1 level – meaning that we may soon see another push to try and break this resistance.

The Graph Price Forecast

Now that you have a brief overview of how The Graph works, let’s take a look at the token’s outlook. Much like when you buy stocks, it’s essential to do your due diligence and research the factors that may affect the price. With that in mind, let’s look at the technical and fundamental elements of our The Graph prediction 2021.

Technical Analysis

As the price analysis below highlights, the current price of The Graph is trading between $0.64 and $1.05. The bottom of the range represents a support level propping the price up, whilst the top of the range amounts to a strong resistance level. Thus, the price seems to be trading in between these two points and has been since early August.

GRT technical analysis

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Notably, the price of GRT is trading above the 50-day EMA, which is a measure of the medium-term trend. Furthermore, EMAs such as this can often be used as a support level to prop price up. This is what seems to be happening with the GRT coin price, providing optimism to investors.

However, the price of The Graph is currently below the 200-day EMA, which signifies the long-term trend. If the GRT price is to push out of this range, we’ll need to see a test and close above this trendline. Ultimately, we’d recommend being patient and waiting for a strong close on the daily or 4H chart above this EMA before considering an investment.

Fundamental Analysis

According to CoinMarketCap, The Graph currently has a market cap of $4.1bn, making it the 46th largest cryptocurrency in the world right now. Trading volume has increased over 170% in the past 24hrs, reaching a total of $330.8m. There are 4.72bn GRT tokens in circulation, with a max supply of just over 10bn.

From a fundamental level, we believe that The Graph will continue to grow in stature in the years ahead. The growth of the DeFi space, combined with more and more decentralised apps (dApps) springing up, means that data gathering will become increasingly prevalent. Furthermore, developers may not have the time (or the knowledge) to obtain the data they require – meaning The Graph will be in high demand.

The Graph Price Prediction 2025 – Long Term Outlook

Now let’s turn our attention to our The Graph price prediction over the long term. When you buy Bitcoin (BTC), you’re investing in a cryptocurrency that is already well established and has a solid community backing. In the case of The Graph, this cryptocurrency is still finding its footing in the crypto market, meaning that having a long-term investment horizon may be the best path to take.

Right now, The Graph is the only protocol that offers this type of service. Thus, the platform has a ‘first mover advantage’ in this area, which will stand them in good stead in the future. Furthermore, The Graph is already being used by many applications on the Ethereum blockchain, such as Uniswap, Decentraland, and Aragon.

GRT market cap

Another element that goes in The Graph’s favour is that the token has a utility and isn’t just there for the sake of it. GRT is used to pay for queries and is also used to reward those who operate on the network. Therefore, as The Graph becomes more popular, the value of GRT will naturally rise.

The one thing that investors must be aware of is that the supply of GRT tokens is incredibly high, meaning that there is significant dilution going on. Put simply, this means that there are so many tokens flooding the cryptocurrency market that they aren’t deemed ‘scarce’, and therefore the price of GRT will struggle to appreciate. Although this will sort itself out in the long term once more of the supply is circulating, this may stop us from seeing considerable gains in the short term.

GRT price prediction

So, putting it all together, our The Graph price prediction 2025 has high hopes for this coin. The Graph is designed to be ‘blockchain agnostic’, meaning it will work on other platforms aside from Ethereum. If that happens, we may see The Graph head to $3 by 2025.

Looking further ahead, our The Graph price prediction 2030 is similarly hopeful. By this point, we’d expected there to have been an explosion in DeFi protocols and dApps, necessitating a service such as the one offered by The Graph. Due to this, we estimate that GRT will be worth $6 by 2030.

The Graph Price Chart

As you can see from our The Graph prediction, we are pretty bullish on this token. Combining a valuable use case and proper utility for the GRT token means that any investment in The Graph will be rooted in logic. Although the amount of tokens in circulation is an issue (as more are being released regularly), this will even out over time.

GRT price chart

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So, if you are thinking about investing in cryptocurrency UK, then The Graph may be worth considering. If you scroll out on the price chart, you can clearly see the all-time high made in February 2021. Ultimately, the fact that these highs have been printed before means that price will always gravitate back there if we experience a bull run – which is excellent news for speculative investors!

Where to Invest in The Graph

Before we finish this The Graph forecast, let’s discuss the process of investing in the token. The great news is that The Graph has recently been listed on eToro, one of the most popular online brokers globally. The fact that users can now access The Graph on this platform makes investing in the token much more accessible than before.

eToro is one of the most trusted CFD brokers in the industry, thanks to oversight from numerous top regulators. Furthermore, eToro has over 20 million users worldwide, adding to the platform’s credibility. eToro is even covered under the FSCS, meaning users are insured by up to £85,000 if eToro goes bankrupt.

One of eToro’s best features is that they allow commission-free trading on cryptos. This is at odds with many other platforms, which usually charge a fee just for placing a trade. eToro uses a spread-based structure, meaning that their fees are included in the spread – which can fluctuate depending on market conditions.

etoro buy crypto

Users can deposit as little as $50 (£37) in their accounts, with deposits free to make if they are made in USD. In terms of deposit methods, eToro accepts credit/debit cards, bank transfers, and e-wallets, such as PayPal and Skrill. You can even use eToro’s free demo account first if you wish to gain some experience.

Finally, eToro offers a variety of handy features – including a free crypto wallet! This wallet keeps your holdings safe and utilises advanced encryption technology to do so. Furthermore, you can even exchange one crypto for another directly within the wallet, making the investing process very streamlined!

The Graph Price Prediction – Conclusion

In summary, this The Graph forecast has explored what the protocol does and how it can benefit users. We’ve also highlighted the future of GRT and our analysis over the short and long term. Overall, we feel very bullish on this token, as the protocol has exceptional value to developers across various chains. Due to this, the ability to purchase GRT at a low price now may be an appealing factor to speculative investors.

So, if you’d like to buy The Graph today, we’d recommend using eToro. You’ll be able to create an account in minutes and deposit from as little as $50. What’s more, eToro will allow you to invest in GRT completely commission-free – making the whole process extremely cost-effective!

 

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About Connor Brooke PRO INVESTOR

Connor is a Scottish financial expert, specialising in wealth management and equity investing. Based in Glasgow, Connor writes full-time for a wide selection of financial websites, whilst also providing startup consulting to small businesses. Holding a Bachelor’s degree in Finance, and a Master’s degree in Investment Fund Management, Connor has extensive knowledge in the investing space, and has also written two theses on mutual funds and the UK market.