GRT Price Prediction
The Graph is a blockchain project that has a promising future in this industry. Its token, GRT, performed well for several months after its launch. However, like most cryptocurrencies, it has significantly lost value in the current bearish market. So, what does the future hold for The Graph and its GRT token? What target price can you realistically expect for GRT in 2022? And in the long term? Let us discuss it in the following GRT price prediction for the next few years.
GRT Overview
The Graph is a decentralized indexing protocol that blockchains like Ethereum and others use. It allows querying and retrieving blockchain data. The Graph protocol has been crucial for developing many decentralized finance (DeFi) applications and the Web3 ecosystem. Currently, The Graph supports indexing data from nine networks, including Ethereum, CELO, and BSC. More networks will be added in the future.
Users pay for queries using The Graph with the GRT token. The first public sale of GRT took place in October 2020, but only 4% of the total supply was sold that way. The Graph has raised a total capital of approximately $25 million from its community, VCs, and big names in the industry like Coinbase Ventures. As of June 28, 2022, each GRT token traded at around $0.10. This token reached its all-time high price on February 12, 2021, when it traded at $2.88.
There is a total supply of 10 billion GRT tokens. According to CoinMarketCap, GRT is the 59th most valuable cryptocurrency by market capitalization.
How Does GRT Technology Work?
The Graph protocol makes it easy to search for blockchain data through simple queries. It indexes blockchain data by grouping them into open application programming interfaces (APIs) named subgraphs. Other platforms can query subgraphs via the GraphQL programming language. Hence, any project wishing to use The Graph must create an API on its own platform. Subgraphs can constitute a global graph of all the blockchain information publicly available. This information can be organized and shared across applications.
How to Buy The Graph (GRT)?
Many cryptocurrency exchanges list GRT for trading. You can get this asset on LetsExchange.io quickly and without hassle. You can swap more than 710 cryptocurrencies on our instant exchange without registration and KYC checks.
GRT Price Prediction for 10 Years
Several crypto analysts have a bearish assessment of the GRT token. However, giving an accurate GRT prediction for the remainder of 2022 can be troublesome because of much market volatility. Hence, forecasts for the next months can vary greatly. We summarize a few short- and long-term predictions from reliable sources.
GRT Price Prediction 2024
According to the Digital Coin Price’s prediction, the GRT price will slightly increase in 2024, reaching an average of $0.16. However, Long Forecast does not expect any significant change in the GRT price in 2024. Hence, the average GRT price will be $0.03 throughout the year. For its part, Wallet Investor predicts the GRT price will plummet in 2024, reaching an average of $0.00276 on December 31, 2024. Crypto News Z is much more optimistic, predicting GRT will trade above $0.80 in 2024. Accordingly, this token could reach $1.12 in 2024.
GRT Price Prediction 2025
In 2025, the average GRT price will be $0.19, according to Digital Coin Price. Wallet Investor predicts further depreciation of the GRT token. According to this prediction, GRT will trade at an average price of $0.00287 on January 1, 2025. However, GRT will sell at an average of $0.00144 on December 31, 2025. This prediction indicates a depreciation of approximately 50% in just one year. In contrast, Crypto News Z forecasts a maximum GRT price of $1.27 in 2025.
GRT Price Prediction 2027
Digital Coin Price predicts the GRT price to be between $0.20 and $0.26 in 2027. Hence, the average GRT price will be $0.23 that year. Wallet Investor does not forecast a significant GRT price change in 2027. Accordingly, GRT will trade at an average price of $0.000928 on June 1, 2027.
GRT Price Prediction 2030
Predicting the price of a cryptocurrency in the distant future is challenging. Of the sources we consulted, only Digital Coin Price has a GRT coin price prediction for 2030. Accordingly, GRT will trade between $0.45 and $0.49 that year (the average price will be $0.47). In 2031, the average GRT price will be $0.53.
FAQ
Can The Graph (GRT) Be Mined?
The GRT token cannot be mined since it utilizes the Proof-of-Stake (PoS) consensus mechanism.
Is GRT a Good Investment?
It is not easy to answer this question. GRT price predictions differ significantly. If the bullish predictions are correct, GRT could be a good long-term investment if you buy this token at its current price. However, the possibility of further depreciation exists. So, please consider whether you can tolerate this investment's risk before adding this token to your portfolio.
Will GRT Grow Up?
From a technical perspective, The Graph is an impressive project. There is no question about whether or not this project will succeed. The blockchain industry needs a service like this to develop decentralized applications (DApps) more efficiently. However, the perspectives for the GRT token are not as bright. The value of this digital asset will likely grow in the coming years, but it will not be so impressive.
Disclaimer
Please keep in mind that the above information is based exclusively on our observations and is provided for informational purposes only. It doesn’t constitute any kind of financial advice nor represents an official forecast. Cryptocurrency is a highly volatile asset, and you are investing in it at your own risk.
Stay tuned for further updates, crypto guides, and market insights from LetsExchange. You can also follow us on Twitter, Facebook, Reddit, Instagram, LinkedIn, Medium, Quora, Telegram, Steemit, and Bitcointalk for first-hand information from our team.