The Graph Price Prediction 2023-2030: Will GRT Reach $10?

The latest Price of The Graph

The Graph, Latest News

  • Key updates from the The Graph Builders Newsletter 6:
    • Graph-node and graph-cli Updates: The graph-node 0.31.0 now supports Substreams-powered subgraphs, currently in testing. Full-text searches can be combined with where filtering for precise results. The graph-cli version 0.51.1 also has new features.
    • The Graph Subscriptions Preview: The Graph’s Subscriptions, an alternative to the Pay As You Go billing system, allows subscribers to lock-in a fixed number of queries monthly. A Beta Program is currently testing this feature.
    • Inaugural Post on The Graph Builders Blog: Denver Baumgartner of Rubicon made the inaugural post, introducing Event-Driven Development for improving dapp and subgraphs development, design, and functionality.
    • Upcoming Events: The Graph will participate in EthCC and EthGlobal Paris, providing support to developers and hackers. They also highlighted the Eth Seoul and EthGlobal Waterloo hackathon winners.
    • The Graph’s L2 Scaling Journey: At The House of Web3, teams from Arbitrum, Rubicon Finance, Banxa, Livepeer, and Edge & Node presented their efforts to scale web3 beyond current limitations.

GRT Price Prediction for the Next 6 Hours

UTC: Oct 2nd, 2023 06:33 PM

  • The Graph Price Prediction in the next 24 hours is between $0.0882 and $0.0923
  • The Graph Price Prediction this week is between $0.0920 and $0.0932

GRT Price Prediction: Technical Analysis, July 3rd

  • The Relative Strength Index (RSI) has a value of 66.196, indicating a buy signal.
  • The Stochastic RSI (STOCHRSI) has a value of 100.000, suggesting an overbought condition
  • The Moving Average Convergence Divergence (MACD) has a value of 0.000, indicating a buy signal.
  • The Average True Range (ATR) has a value of 0.0075, indicating high volatility.
  • The Commodity Channel Index (CCI) has a value of 252.5119, suggesting an overbought condition.
  • The moving averages analysis indicate a strong buy signal.

The overall technical analysis for GRT indicates Strong buy signal.

The Latest Crowdwisdom360 Outlook is detailed below, this is updated every 12 hours

The Graph Price Prediction Today

UTC: Oct 2nd, 2023 01:07 PM
Overall OutlookBullish
1. Market's WisdomPartially Bullish
1a. Market DataNeutral
1b. Technical RecommendationBuy
2. Crowd's WisdomBullish
2a. Social Media BuzzHigher
2b. Social Media SentimentHigher

The Graph Price Prediction? Is The Graph a Good Investment?

The Graph is a decentralized network that allows developers to build APIs called subgraphs. The Subgraphs are open APIs that enable access to blockchain data and are powered by indexing nodes that process and organize the data in a way that is easy to query.

The Graph’s technology is based on three core components

  • The Graph Node, processes and indexes data from the blockchain
  • The Graph Explorer, which allows users to search for and discover subgraphs
  • The Graph Protocol governs how subgraphs are created, curated, and deployed

Use Cases for the Graph

The Graph has potential use cases in DeFi, gaming, social networks, and NFT marketplaces. Current users include Uniswap, Aave, and Synthetix, while potential users include developers and organizations requiring efficient access to blockchain data.

Who are The Graph’s Main Competitors?

  1. Amberdata: Amberdata is a blockchain data platform that provides real-time insights, data analytics, and monitoring tools for various blockchain networks, including Ethereum, Bitcoin, and Binance Smart Chain. Amberdata has a user-friendly interface and offers both a free and paid version of its platform.
  2. Etherscan: Etherscan is a widely-used blockchain explorer that provides access to data and analytics for Ethereum and other Ethereum-based networks. Etherscan offers a wide range of features, including transaction tracking, address lookup, and contract verification.

None of these platforms have a token of their own.

What is the Role of The Graph Token?

The Graph Token (GRT) is the native ERC-20 cryptocurrency of The Graph network

  • GRT is used to pay for indexing and query processing services on the network, as well as for curating and signaling on subgraphs
  • GRT is also used as a governance token, allowing holders to participate in decision-making processes regarding the network’s development and direction.

Overall, the Graph appears to be a moderate case for Investment.

The Graph Q1 Update

One of the key metrics for The Graph’s performance is the growth of its active subgraphs. As of March 2023, there are 776 active subgraphs on mainnet, which is a 26% increase QoQ.

The growth of Indexers, Delegators, and Curators continues to increase QoQ as more mainnet subgraphs are deployed. The number of Indexers increased by 58% QoQ, with 460 Indexers actively staking GRT. Delegators received over 44 million GRT in Q1’23 alone, roughly $5.7 million, which amounted to approximately 62% of the total indexing rewards distributed.

Revenue from indexing rewards increased by 48% QoQ in USD terms, while revenue from query fees increased by 41% QoQ, reaching an all-time high in Q1’23. Indexing rewards came from a 3% annual inflation in the GRT supply, and rewards are distributed to staked Indexers in return for providing indexing and querying services on The Graph’s open marketplace.

The ongoing migration of The Graph’s protocol smart contracts to Arbitrum aims to bring a seamless and gas-efficient decentralized data experience to The Graph’s users. The migration entails three phases, with indexing rewards gradually increasing from the current level of 5% to 100%. The Graph also offers support for subgraphs on theBase testnet, a Layer-2 by Coinbase, which will be a part of the Optimism Superchain.

To enhance efficiency and cost-effectiveness within The Graph’s ecosystem, the GraphOps team launched three tools for Indexers and developers: Graphcast Network, Proof-of-Indexing (POI) Radio, and Graphcast SDK. The Graph also held several sessions at ETH Denver on topics including zk Computational Workloads, L2 Scaling, DAO Constitutions, and The Graph Outlook.

GRT Price Prediction: Will GRT reach $10?

To reach $10, GRT will have to rise 70 times higher. At $10, the Graph’s Market Cap would be $88.5 Billion. If GRT were to rise at 25% every year, it would take 20 years to reach $10. Given that the Graph is a moderate case for investment, here is the feasibility

  • Growth required to reach $10 – Not Feasible
  • Market Cap at $10 – Feasible
  • Time required to reach $10 at 25% Growth – Not Feasible

What happens in 75% of the Tokens were burnt?

To reach $10, GRT will have to rise 18 times higher. At $10, the Graph’s Market Cap would be $22 Billion. If GRT were to rise at 25% every year, it would take 13 years to reach $10. This looks more feasible but ideally, more coins will have to be burnt.

The Graph Price Prediction 2023, 2025 and 2030

  • The Graph Price Prediction 2023: $0.26
  • The Graph Price Prediction 2025: $0.47
  • The Graph Price Prediction 2030: $2.18

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.

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