The Graph (GRT) Price Prediction 2023-2030: Will GRT Price Hit $0.5 Soon?
- Bullish The Graph (GRT) price prediction ranges from $0.13 to $0.21
- Analysis suggests that the GRT price might reach above $0.2.
- The GRT bearish market price prediction for 2023 is $0.056.
The Graph (GRT) Price Prediction 2023-2030 Overview
| Year | Minimum Price | Average Price | Maximum Price |
| 2023 | $0.09 | $0.2 | $0.3 |
| 2024 | $0.25 | $0.3 | $0.4 |
| 2025 | $2.85 | $3.2 | $4.5 |
| 2026 | $0.25 | $0.9 | $1.55 |
| 2027 | $1 | $1.6 | $2.25 |
| 2028 | $1.85 | $2.25 | $3.75 |
| 2029 | $2 | $5 | $8 |
| 2030 | $1.22 | $2.8 | $3.25 |
| 2040 | $3 | $4.76 | $7.5 |
| 2050 | $4 | $6.5 | $9 |
What is The Graph (GRT)?
The Graph serves as an indexing protocol that enables efficient querying of data from various networks like Ethereum and IPFS using GraphQL. Open API Subgraphs allow anyone to create and publish open APIs called subgraphs. These subgraphs enable applications to query data from blockchain networks, making it easier for developers to build decentralized applications (DApps).
Furthermore, the project offers a hosted service that simplifies the process for developers to start building on The Graph. This service likely provides tools and infrastructure to help developers create and deploy their subgraphs. The Graph is planning to launch a decentralized network. This network would likely provide greater decentralization and security for data indexing.
The Graph supports indexing data from Ethereum, IPFS, and POA networks, with hopes of adding more networks in the future.
The Graph protocol gained significant adoption, with over 3,000 subgraphs deployed by thousands of developers. Popular DApps like Uniswap, Synthetix, Aragon, AAVE, Gnosis, Balancer, Livepeer, DAOstack, and Decentraland have used The Graph for data querying. The growth rate for The Graph’s usage was impressive, with over 7 billion queries in September 2020.
The Graph (GRT) Market Overview
The Graph (GRT) Current Market Status
The maximum supply of The Graph (GRT) is unknown, while its circulating supply is infinite, according to CoinMarketCap. At the time of writing, The Graph is trading at $0.08891 representing 24 hours increase of 0.17%. The trading volume of The Graph in the past 24 hours is $25,804,437 which represents a 21.60 % increase.
The Graph (GRT) could be traded on some of the top exchanges such as Binance, Coinbase, Kucoin, Kraken, etc.
Now that you know The Graph and its current market status, we shall discuss the price analysis of The Graph (GRT) for 2023.
The Graph (GRT) Price Analysis 2023
GRT lost its way after the dramatic spike it had during the beginning of 2023. It has been a mixture of slow consolidation that has eventually brought The Graph’s prices down. Currently, when looking at the chart, the downtrend seems to have changed as GRT is on the verge of touching the upper Bollinger band. However, the budding red candlestick may prevent GRT from touching the upper band.
When scrutinizing the Accumulation/Distribution Line (ADL) indicator reads a value of 2.55B and the line seems to be going down. This means that the sellers may be entering the market and once they set their dominance, the ADL could go down even further.
The historic volatility indicator at the bottom of the chart shows a value of 68 and the line seems to be heading downwards. This means that there could be more consolidation for GRT in the future. As such, any price fluctuation in the future could be minimal for GRT.
The Graph (GRT) Price Prediction 2023
The above chart shows the showers of a spike in the beginning of 2023 turned into a crash. Just after the spike, GRT started to fall down and lose value. It fell below the 2:1 Gann fan line, while at times testing it. Currently, GRT has touched the upper trendline of the falling wedge, hence, we could expect it to ricochet off it and travel toward the lower trendline before breaking.
However, if GRT breaks out from the falling wedge, then there is a high probability that GRT could reach the resistance at $0.21. This motion could be hindered by the resistance levels at $0.13 and $0.17. Moreover, the fixed volume profile which shows the prices at which most trading happens shows that GRT had a greater volume from $0.12-$0.17. As such, once GRT reaches a value close to $0.12, there will be more trading, and thereafter the prices could rise.
On the contrary, if GRT starts to crash it may seek support from the lower trendline which is also close to support $0.078. If $0.078 gives out then, GRT could seek assistance from $0.056.
The Graph (GRT) Price Prediction 2024
As there will be BTC halving in 2024, the masses will expect a positive trend in the market and there is a high chance that investors could accumulate more of the coin. However, the year of BTC halving didn’t yield the maximum spike for BTC. Hence, GRT also could trade at a price, not below $0.3 by the end of 2024.
The Graph (GRT) Price Prediction 2025
The Graph may harvest the after-effects of The Graph halving and is intuitively expected to trade much higher than its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, GRT will continue to rise in 2025 forming new resistance levels. It is expected that GRT will trade beyond the $3.2 level.
The Graph (GRT) Price Prediction 2026
After a long period of bull run, the market may start to correct the price of BTC. During this period there could be a bearish sentiment, as such BTC could tumble into its support regions. During this period of price correction, GRT could lose momentum and be way below its 2025 price. As such, it could be trading at $0.9 by 2026.
The Graph (GRT) Price Prediction 2027
There is a tendency for traders to expect a bullish market sentiment after the crypto industry was affected negatively by the bears’ claw. Moreover, the build-up to the next The Graph halving in 2028 could evoke excitement in traders. As such, this excitement may be reciprocated in GRT’s prices and we could expect The Graph to trade at around $1.6 by the end of 2027.
The Graph (GRT) Price Prediction 2028
As the crypto community’s hope will be re-ignited looking forward to The Graph halving, there will be a positive sentiment in the market. As such, this may be reflected in the price of BTC. Hence, GRT would be trading at $2.25 after experiencing a considerable surge by the end of 2028.
The Graph (GRT) Price Prediction 2029
2029 is expected to be another bull market as the BTC halving takes effect. In tandem with the stable market sentiment, GRT could be trading at $5 by the end of 2029.
The Graph (GRT) Price Prediction 2030
After witnessing a bullish run in the market, BTC and many altcoins would show signs of consolidation and might trade sideways and move downwards for some time while experiencing minor spikes. Therefore, by the end of 2030, GRT could be trading at $2.8.
The Graph (GRT) Price Prediction 2040
The long-term forecast for BTC indicates that it has the potential to reach a new all-time high(ATH). As this will be the year of BTC halving people would be excited and the buyers would be accumulating ENJ. Hence, the price of ENJ could be trading at $4.76.
The Graph (GRT) Price Prediction 2050
Since Cryptocurrency will be revered and widely accepted by most people during the 2050s, we will see the masses believe more in it. As such GRT could reach $6.5.
Conclusion
If investors continue showing their interest in GRT and add these tokens to their portfolio, it could continue to rise. GRT’s bullish price prediction shows that it could reach the $0.2 level.
FAQs
The Graph serves as an indexing protocol that enables efficient querying of data from various networks like Ethereum and IPFS using GraphQL.
The Graph is one of the few cryptocurrencies that has retained its bullish momentum in the past seven days. If this momentum is maintained, The Graph might reach $0.2 soon.
Data not available.
The Graph can be stored in a cold wallet, hot wallet, or exchange wallet.
The Graph is expected to reach $0.3 by 2024.
The Graph is expected to reach $3.2 by 2025.
The Graph is expected to reach $0.9 by 2026.
The Graph is expected to reach $1.6 by 2027.
The Graph is expected to reach $2.25 by 2028.
The Graph is expected to reach $5 by 2029.
The Graph is expected to reach $2.8 by 2030.
The Graph is expected to reach $4.76 by 2040.
The Graph is expected to reach $6.5 by 2050.
Disclaimer:
The information and analysis are intended for informational purposes only. All views and opinions expressed should not be considered as financial, investment, or trading advice. Readers are strongly encouraged to conduct their own research before making any investment decisions. Any actions taken based on the information presented by Bits Logics are at the reader’s own risk. The author or any affiliated parties shall not be held liable for any direct or indirect damages or losses resulting from such actions
