GRT is The Graph cryptocurrency, based on Ethereum’s network. GRT is the driving force of the Graph’s economy. Users swap the tokens to keep the network running smoothly.
What Is GRT and How Does It Work? Graph is a decentralized protocol for organizing and querying blockchain data on the Ethereum, POA, and IPFS networks. The activity of organizing this blockchain data is known as indexing. Users are unable to query and read data stored on blockchains due to a lack of capability. Data from Ethereum, IPFS, and POA is now indexed in the Graph, with support for more networks on the way. This is basically how Google works. Graph arranged Blockchain data into subgraphs over open application programming interfaces (APIs) that anybody can query using GraphQL, Graph’s programming language.
Subgraphs can then be combined to generate a global graph containing all publicly available data. Users can search using GRT tokens because this data can be processed, organized, and shared across applications. Subgraphs can be used to produce a global graph that contains all of the world’s public data. Subgraphs are APIs that allow anyone to create and publish data. With just a few keystrokes, this data can be converted, categorized, and distributed across applications for anybody to query using GraphQL.
Ethereum, CELO, BS and Polygon are among the nine networks that the Graph now supports.
The native cryptocurrency of the Graph, GRT, is employed to guarantee the data integrity stored on its network. Users must use GRT to execute their tasks and earn money from the network, whether they are indexers, curators, or delegators. The network is made up of people who want their queries handled and are ready to pay for it. On the back end, there are indexers, curators, and delegators who actually get things done.
A few of these individuals operate as GRT stakers, assisting others in running nodes and processing queries. Users must own a particular number of GRT tokens in order to run nodes; this is where the need to own a token comes into play. GRT distributes resources inside the Graph Network and serves as a driving factor for users to keep the network up and operating. This could entail processing requests, improving APIs, and so forth.
Just like on the Ethereum network, where users use the network for their own activities, the GRT tokens can also be used to facilitate network transactions. Outside of the Graph’s ecosystem, GRT has some value, though not much. Its value comes from the network’s utility, which is why crypto traders and investors might want to add it to their wallets.
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Graph (GRT) Overview and History
In 2018, the Graph was created by Jannis Pohlmann, Yaniv Tal and Brandon Ramirez, after previously working together on a number of developer tool startups.
They began working on The Graph in 2017, and it was only a few years later that the project was completed.
During its maiden public sale in October 2020, The Graph Foundation decided to sell around $12 million worth of GRT tokens, totaling 400 million tokens. In December 2020, to provide the utility it really needs, the Graph protocol was launched. Its purpose is to fulfill this need.
Ten people are in charge of more than half of GRT’s supply. Because it is a new currency, some traders and investors may not be familiar with it, but it has been gaining popularity with larger investors.
GRT Price History
GRT’s price history is brief, yet turbulent. It is a relatively new coin since it was just released into the market in 2021.
Its value quickly climbed to over $0.65 when it was newly introduced by crypto platforms. When the value of several other cryptocurrencies began to climb in February 2021, GRT’s did as well—though not to the same dizzying heights as other cryptocurrencies.
GRT prices peaked in mid-February 2021, when they reached over $2.70 per token. Ever since, prices have steadily decreased, staying around $0.66 per token as of July 2021. GRT’s value had risen dramatically in just a few months before plummeting by more than 75%.
Graph (GRT) Overview
| The current Graph Price | $0.15 |
| Price Change (24hrs) | $0.0007562 (up 0.55%) |
| 24h Low / 24h High | $0.132 / $0.1464 |
| Trading Volume (24hrs) | $89,213,060.05 (up 3.70%) |
| Volume / Market Cap | 0.09377 |
| Market Dominance | 0.08% |
| Market Rank | #52 |
| Graph Market Cap | $951,443,369.28 (up 0.70%) |
| Fully Diluted Market Cap | $1,386,769,309.91 (up 0.70%) |
| All Time High (ATH) | ) $2.88 (a year ago) |
| All Time Low (ATL) | No recorded data |
| Circulating Supply | 6,900,000,000 GRT |
| Total Supply | 10,000,000,000 GRT |
| Max Supply | 10,057,044,431 GRT |
GRT Price Forecast
Many cryptocurrencies have clearly not yet returned to their all-time highs, and The Graph is one of them.
However, at its current levels, it is still garnering a lot of price support. Will The Graph touch its all-time high price again later this year? As we talk about the coin forecast, we might receive some insight.
Fundamentals
The value of the GRT cryptocurrency comes from its capacity to guarantee the proper execution of smart contracts based on the The Graph protocol.
The Graph debuted at 10 billion GRT in 2020; the overall supply is expected to grow at a rate of roughly 3% per year, with about 1% of tokens being pulled from circulation every year.GRT is also the only coin used for critical network functions. Users must, for example, pay a query cost in GRT when submitting queries to indexers.
Now here’s the point: any new and positive advancements or enhancements in the technology or software supporting The Graph could drive the GRT price upward.
Any more positive news about Graph Crypto from these software firms could also increase the price even more.
In a recent news report, Graph announced a $2.5 million prize for developers and ethical hackers who can find and fix flaws in its protocol. Any upgrades to The Graph software that result from this endeavor could raise the price of GRT.
The Graph has grown stronger as a critical component of the DeFi infrastructure, which plays a large role in the future of the GRT token, despite the token’s price drop in recent months.
Technical
Since November 20, 2021, when it was valued at $1.21 on November 9, GRT has been in a downward trend. Most analysts believe a variety of variables, including broader cryptocurrency market pessimism, could have pushed the price lower.
Compared to comparing the prices of BTC, ETH, and GRT, crypto history charts reveal that over about the same time periods, the prices of all coins rose and fell. For instance, all cryptocurrencies fell between May and August 2021, followed by a brief bull run.
There was a huge market fall in May, but the crypto markets are currently showing signs of resurrection.
It’s obvious that several coins have yet to return to their all-time highs, and the graph is one of them.
At its current levels, though, it is still garnering a lot of price support, and analysts believe The Graph could touch its all-time high price ($2.88) again later this year.
GRT Price Predictions
GRT Price Prediction for 2022
Technical analysts forecast future values for a variety of digital coins, including The Graph. One of them is the Walletinvestor, who believes GRT could be a terrible, high-risk 1-year investment option. If you’re looking for a high-return virtual currency, The Graph’s price is currently $0.15, but depending on The Graph’s forecast, your present investment may depreciate in the future. A more optimistic prediction from Price Prediction put the value of GRT at $0.8 by the year’s end.
GRT Price Prediction for 2023
Investors are excited about the Graph cryptocurrency because its features have the potential to enable the GRT coin achieve considerable future growth.
Therefore, what will the GRT coin be worth in 2023?
If the push for operational crypto continues into 2023, the price might witness a fundamental change in the first half of the year, hitting $0.99.
GRT Price Prediction for 2025
According to our GRT pricing forecasts, new innovations could push the GRT price up to $1.27 by the end of this year.
GRT Price Prediction for 2030
Investors should expect a turnaround by the end of 2030, when The Graph’s acceptance will have increased significantly and the GRT coin will no longer be a rookie to the world of cryptocurrencies, but rather a seasoned player.
According to our GRT price predictions, in 2023, the GRT token will be worth $2.5.
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Frequently Asked Questions (FAQs)
What is the current price of the Graph (GRT) token?
As at the time of this writing, the current price of The Graph is $0.15.
Should I buy the Graph Coin? Is it a good investment?
The ideal opportunity to buy The Graph token may potentially register a substantial increase. Analysts believe that despite the coin showing some bearish signals in the past few weeks, it has the potential to regain its lost momentum and may potentially register a substantial increase.
Where can I buy Graph (GRT) tokens?
GRT tokens are available for purchase on major exchanges, including Binance, Coinbase, Huobi Global, Kraken, and many others.
Because the graph is such a volatile coin, it is important that investors perform their own calculations based on market predictions while trading digital assets, particularly The Graph cryptocurrency.
With a solid background, knowledge and certifications in blockchain, fintech and technical content writing. Gabriel has researched, written and developed several SEO-driven articles, press releases, financial technical documents, litepapers and whitepapers in the blockchain niche. He also specializes in taking rough business ideas and making sure they are both financially and technically feasible (with a focus on blockchain, tokenomics advisory, DeFi, AI and the finance industry).