The Graph (GRT) is a token that powers The Graph, a decentralized indexing protocol used by blockchains such as Ethereum.
Similar to how search engines such as Google index the Internet, Graph protocol indexes blockchain data, grouping it into subgraphs on open application programming interfaces (API) that anyone can query via GraphQL, Graph’s programming language.
Subgraphs can then be formed into a global graph of all the public information. This data can be transformed, organized, and shared across applications, enabling users to do a search using GRT tokens.
The Graph platform makes it effortless to search for blockchain data through simple queries.
“Before The Graph, teams had to develop and operate proprietary indexing servers,” Graph says on its website. “This required significant engineering and hardware resources and broke the important security properties required for decentralisation.”
Currently, The Graph supports nine networks, including Ethereum, Polygon, CELO, and BSC.
Below we will give you a complete analysis to get your answer whether The Graph (GRT) is a good investment or not?
The Key Risks Of The Graph token (GRT)
Volatility in cryptocurrency markets
The broader trends can influence the GRT price in cryptocurrency markets. For instance, broader crypto market sentiment or regulatory crackdown could spark or dampen investor enthusiasm.
All coins witnessed prices go up and down over approximately the same period. For example, between May and August 2021, all cryptocurrencies were dipping, followed by a short-lived bull run. Since September, the sentiment has shifted again, and all coins are suffering a slight reversal.
Adoption of The Graph protocol
The Graph is a somewhat new initiative, founded in 2018. While some of the most extensive blockchain networks, such as Ethereum, already use The Graph protocol, there may be barriers to adoption by other extensive networks.
2021 Price History Of The Graph GRT
GRT started 2021 with a solid boost – the $0.35 price on 1 January soared to $2.24 on 13 February, a 586% rise. GRT achieved a record intraday high of $2.99 a day prior on the back of the Edge & Node launch.
Yet the peaks were short-lived. After sideways to lower action that lasted till May, the token entered a bearish phase. After that, GRT traded below $1.20.
The Pros Of The Graph GRT
Market Cap
GRT’s market capitalization reached $1,937,552,985 on 4 February, according to the data from CoinMarketCap, making it the 54th largest cryptocurrency.
Functionality
The Graph’s indexing protocol powers nine blockchain networks, including Ethereum, and has established itself as a crucial component for decentralized finance.
The Cons Of The Graph
Volatility
Its current Price is roughly one-quarter of the all-time-high, and GRT could have a long way to go before recovery. There is much to believe before deciding to invest in The Graph crypto.
New Token
GRT is a relatively new token that creates additional barriers to its adoption. Ethereum now uses it, but it is unclear whether Bitcoin or other extensive networks will adopt the protocol in the future.
The Graph (GRT) Price Prediction By Experts
The GRT price has had a historic voyage throughout, which could be the main reason for its popularity. Today, the Graph price stands at $0.4047 with a market cap of $1,937,552,985 with a 24 hours trading volume of $59,226,766 with a circulating supply of 4.72B GRT.
Following are some of the experts giving their GRT price predictions.
The Graph coin price prediction forecast an optimistic price of GRT coin reaching around $0.80 by 2022 and may rise to $1.19 before next year. The predicted GRT cost could increase by 1087% the current Price in 5 years climbing up to $5.58 in 2027.
Price Prediction
If you are looking for virtual currencies with good returns, GRT can be a bad, high-risk 1-year investment option as per our GRT price prediction 2022. The Graph price today equals $0.566, but your current investment may be devalued in the future based on The Graph forecast.
Wallet Investor Forecast
Based on our GRT price predictions, the Price of the coin will continue to rise, and in the near future, it will surpass its all-time high Price ever. It may reach $3.5 soon, and it might even reach high heights, however, reaching $3.5 if investors have planned that GRT is a profitable investment in 2022.
The News Crypto
The Graph has been showing a rising tendency. According to our The Graph cryptocurrency price forecasts, the future Price of the GRT token is predicted at $0.748817 after a year.
GOV Capital
Our long-term The Graph price prediction 2022 is bullish. If the uptrend continues, The Graph price might run along with the bulls, overtaking its $0.86 resistance level and move higher.
CoinQuora
At the beginning of December 2022, the GRT price might trade around $0.31. Maximum Price $0.39, minimum Price $0.31. The average for the month is $0.34. The GRT price prediction 2022 at the end of December is $0.36, a change for December -45.5%.
Long Forecast
The Graph is still a developing project in the market. The GRT trades in a bearish trap and is still under $1 currently. Based on our GRT price prediction 2022, the Graph price may wipe down to a minimum $0.580.
Coinpedia
The Graph (GRT) price, going by what it was in August 2020, sounds highly bullish as it has shown a reliable consistency. By the end of January 2022 end, the maximum Price of the GRT token should easily swing around $2.42 to 3.52, making it a long-term good investment.
Trading Beasts
Is The Graph Crypto A Good Investment?
According to Tim Frost, the chief executive and founder of DeFi-focused fintech Yield App, The Graph token plays a useful role in the DeFi ecosystem, making it a good investment.
However, there are also some downside threats to investing in GRT. It’s a somewhat new token, and it’s ambiguous how much it will be welcomed in the blockchain industry.
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