CCT - Crypto Currency Tracker logo CCT - Crypto Currency Tracker logo
Cryptopolitan 2024-12-22 15:42:00

The Graph price prediction 2024-2030: Will GRT reach $10?

Key takeaways: The Graph price prediction anticipates a high of $0.2446 by the end of 2024. In 2027, it will range between $0.710 and $0.884, with an average price of $0.736. In 2030, it will range between $2.14 and $2.70, with an average price of $2.22. The Graph offers access to competitive and cost-efficient decentralized data sets. The network boasts a 99.99% uptime and 24/7 availability. Central to The Graph’s operations are subgraphs, APIs that organize and serve blockchain data to data consumers and developers. The Graph has over 100 indexer nodes, 1.23 trillion served queries, and over 70,000 hosted projects. The GRT token acts as an incentive mechanism for the Graph Network. It incentivizes network participants to provide data to end users and organize it effectively. So, how high will GRT go? Is it a good investment? What will be its price in 2025? The following sections explore these questions and more. Overview Cryptocurrency The Graph Ticker GRT Current price $0.2119 Market cap $1.96B Trading volume $89.8M Circulating supply 9.54B GRT All-time high $2.88 on Feb 12, 2021 24-hour high $0.2138 24-hour low $0.2005 The Graph price prediction: Technical analysis Metric Value Volatility (30-day variation) 22.14% 50-day SMA $ 0.188 200-day SMA $ 0.205 Fear and greed index 76 (Extreme Greed) Green days 20/30 (67%) Sentiment Bullish The Graph price analysis: BNB upgrades to $0.2119 amidst upside Key takeaways: Binance Coin price analysis confirmed an uptrend at $0.2119. Cryptocurrency has lost up to 0.33% of its value during the day. BNB coin prices are targeting the next resistance around $0.3587. On December 22, 2024, Binance Coin price analysis revealed an increasing trend for the cryptocurrency. BNB/USD value has stepped up to a $0.2119 high in the last 24 hours. From an overall perspective, the cryptocurrency lost up to 0.33% of its value during the day. Despite the strong bearish tide in the earlier weeks, today the market trends remained bullish. The Graph 1-day chart analysis The one-day price chart of Binance Coin confirmed an upward market trend for the cryptocurrency. Cryptocurrency value has improved up to $0.2119 high in the past 24 hours. As the volatility is expanding, there is a low chance of reversal in the market events. The distance between the Bollinger bands determines the market volatility. The Bollinger bands are widening, leading to an increasing volatility. Moving on, the upper limit of the Bollinger Bands indicator has shifted to $0.358, indicating resistance. Whereas, its lower limit has moved to $0.1924, indicating the available support. GRT/USD price chart. Image source: TradingView The Relative Strength Index (RSI) indicator is present below the neutral area. Its value has stepped up to index 37.60 in the past 24-hours. The increasing curve on the indicator’s graph refers to a bullish supremacy. The buying activities remained considerably high as compared to the selling activities. Today’s upturn signifies a relatively stable market for the cryptocurrency investors. The Graph 4-hour chart analysis The four-hour price analysis of The Graph confirmed an increasing trend for the cryptocurrency. GRT/USD value has recovered up to $0.2119 high over the past few hours. Green candlesticks on the four-hour price chart signify an upward momentum. The Bollinger bands are converging, referring to a declining volatility. This decline in the volatility signals a lower market unpredictability in the approaching hours. Moving on, the upper Bollinger band has shifted to $0.2339 high, indicating the resistance point. Whereas, the lower Bollinger band has moved to $0.1920, signifying the support. GRT/USD price chart. Image source: TradingView The RSI indicator is present within the neutral area. Its value has increased up to index 42.61 in the last four hours. The buying activities intensified during the day, resulting in a considerable recovery. If the bullish momentum continues to accelerate, the market can enter a period of stability. Today, however, the bulls remained on the ruling end since the early hours of the day. The Graph technical analysis: Levels and action Daily simple moving average (SMA) Period Value ($) Action SMA 3 0.246 BUY SMA 5 0.261 BUY SMA 10 0.252 BUY SMA 21 0.231 BUY SMA 50 0.188 BUY SMA 100 0.173 BUY SMA 200 0.205 BUY Daily exponential moving average (EMA) Period Value ($) Action EMA 3 0.223 BUY EMA 5 0.205 BUY EMA 10 0.187 BUY EMA 21 0.176 BUY EMA 50 0.168 BUY EMA 100 0.175 BUY EMA 200 0.192 BUY Is The Graph a good investment? The Graph rivals some Web2 data oracles for its efficiency and low costs. GRT, its native token, however, remains a victim of general market dynamics and high volatility. The current sentiment is bearish, with predictions pointing to higher price growth. What can we expect from GRT price analysis next? The Graph price analysis gives out a bullish prediction regarding the current market trends. Coin value has climbed up to $0.2119 over the period of the past 24-hours. However, if we talk about the overall market sentiment, then it remains on the negative side. The cryptocurrency has lost 0.33 percent of its value inline with the earlier downside. Technical indicators are giving out a bearish verdict with regards to the market scenario. However, the price charts continue to give out a bullish signal as an upturn was observed today. Why is GRT up? The Graph has returned to the highest trading levels of this year, the crypto market capitalization is also at its highest. The increase in the Graph’s value could be attributed to the general bullish market sentiment. However, the past few weeks proved to support the bears, as the selling pressure remained substantially high. Will GRT recover? The Graph is recovering this month, and the current resistance could be crucial to sending GRT to previous highs. Will GRT reach $1? Yes, GRT should rise above $1 in 2027. In that year the price will range between $0.8744 and $1.03. WIll GRT reach $10? According to the Cryptopolitan price prediction, it remains unlikely that GRT will get to $10 before 2030. WIll GRT reach $100? Per the Cryptopolitan price prediction, it remains highly unlikely that GRT will get to $100 before 2030. Does GRT have a good long-term future? Per the Cryptopolitan price predictions, GRT is set to trade higher in years to come. However factors like market crashes or difficult regulations could invalidate the bullish theory. Recent news/ opinions The Graph is introducing a new data standard for web3, GRC-20. This proposed common language for web3 data aims to standardize information across different blockchain platforms, similar to how ERC-20 standardized tokens on the Ethereum network. Information is data that has been decoded and interpreted into a useful structure. Standardized structures for information helps devs know what fields to expect when sharing data, enabling them to achieve more value from the info available to them. — The Graph (@graphprotocol) December 3, 2024 The Graph Network announced that they have made another major upgrade to the protocol with the release of TAP (Timeline Aggregation Protocol.) TAP transforms payments for Indexers, driving greater scalability & decentralization. TAP also reduces reliance on trust between gateways and Indexers, improving decentralization according to the network claims. The network said that Indexers can now manage payment receipts directly, streamlining the process. Read more about it here . The Graph price prediction December 2024 A break above resistance is critical to ending The Graph’s bear run this month. The price will range between $0.170 and $0.344 and average at $0.243 as per current The Graph sentiment. Month Potential low ($) Potential average ($) Potential high ($) December 0.170 0.243 0.344 GRT price prediction 2024 As the third quarter of 2024 unfolds, GRT will likely recover to previous highs. The coin will trade between $0.215 and $0.244. The average price will be $0.237. Year Potential low ($) Potential average ($) Potential high ($) 2024 0.215 0.237 0.244 GRT price prediction 2025-2030 Year Potential low ($) Potential average ($) Potential high ($) 2025 0.346 0.355 0.399 2026 0.499 0.516 0.597 2027 0.710 0.736 0.884 2028 1.03 1.07 1.22 2029 1.53 1.59 1.82 2030 2.14 2.22 2.70 The Graph price prediction 2025 The Graph price forecast for 2025 sets the high at $0.399. However, in the case of a market correction, the GRT price will rest at a minimum of $0.346 and an average of $0.355. The Graph price prediction 2026 The year 2026 will experience more bullish momentum. As per the Graph GRT price prediction, it will range between $0.499 and $0.597, with an average trading price of $0.516. The Graph price prediction 2027 The Graph prediction climbs even higher into 2027. According to the prediction, it will range between $0.710 and $0.884, with an average price of $0.736. The Graph GRT price prediction 2028 The analysis suggests a further acceleration in GRT’s growth by 2028. As per the GRT price prediction, the price of The Graph will range between $1.03 and $1.22, with an average of $1.07. The Graph price prediction 2029 According to the GRT price prediction for 2029, GRT’s price will reach a maximum and minimum of $1.82 and $1.53, respectively, with a year-round average Graph’s price of $1.59. GRT price prediction 2030 The Graph for 2030 suggests a minimum price of $2.14 and highest of $2.70 and an average price of $2.22. This long-term prediction hinges on GRT’s rising global adoption and recognition. Demand surges as more users and systems incorporate the GRT token, increasing its value. The Graph Market price prediction: Aalysts GRT price forecast Platform 2024 2025 2026 Digitalcoinprice $0.38 $0.45 $0.67 Changelly $0.41 $0.39 $0.57 Gate.io $0.26 $0.28 $0.29 Cryptopolitan’s GRT price prediction Our predictions show that GRT will achieve a high of $0.2446 in the second half of 2024. In 2025, it will range between $0.3462 and $0.3995, with an average of $0.3557. In 2030, it will range between $2.14 and $2.70, with an average price of $2.22. Note the predictions are not investment advice. Seek independent professional consultation or do your own research. The Graph historic price sentiment Yaniv Tal, Brandon Ramirez, and Jennus Pohlman launched The Gaph on the Ethereum blockchain in 2018. In June 2020, The GRaph held its private token sale, raising $5 million. Some participants included Multicoin Capital, Digital Currency Group, and DTC Capital. The public sale, which took place in October 2020, raised $12 million. Each token sold for $0.03. The mainnet launched in December 2020. In January 2021, another sale led by Tiger Global Management raised $50 million. Looking back, GRT had its best performance in 2021, when it registered its all-time high at $2.88 on February 12, 2021. In Feb 2022, venture capital firms DCG, Milticoin Capital, NGC ventures, Gumi Cryptos Capital, and Hashkey announced the launch of a $205 million ecosystem fund, The Graph Protocol. In preceding years, GRT consistently traded below $0.7. In 203, it fell below $0.2 as per historical data. GRT started recovering in 2024, breaking above $0.4 at its highest, reaching $0.45 in March. It later corrected, and in July, it fell below $0.20. At the start of August 2024, GRT/USD dipped to $0.1280 but it spiked up to $0.1767 by August 24, before dipping once again to $0.1300 level in September. In October 2024, GRT continued a slow downfall by closing the month at $0.1470, but it’s value improved over the entire month of November reaching $0.281. In December GRT/USD pair is trading near $0.296 level.

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.