The Graph Price Prediction 2022-2026-Will the Price of GRT Hit $2 by the end of 2022?
The subgraphs give easy accessibility to data in the network. Subgraphs can be composed of a global graph of all the world's public information. This data can be transformed, organized, and shared across applications for anyone to query with just a few keystrokes.
Developers have used over 3000 subgraphs in developing decentralized applications (Dapps) like Uniswap, Synthetix, Aragon, AAVE, Gnosis, Balancer, Livepeer, DAOstack, and Decentraland.
What is the Graph (GRT)?
The Graph has built an open data layer on top of blockchains: Indexers can run their own Ethereum archive nodes to run Graph Node, or they can use node operators like Infura or Alchemy.
The Graph (GRT) is multichain and can be exchanged in other blockchains like Ethereum due to the implementation of the Ethereum Virtual Machine (EVM) that allows for easy interoperability, Avalanche blockchain, and Solana blockchain.
It was co-founded Yaniv Tal, Brandon Ramirez, and Jannis Pohlmann.
Now, we shall look at the price analysis of The Graph for the coming years.
Price Analysis of The Graph (GRT)
Flashback: Fundamental analysis of The Graph (GRT)
The growing number of subgraphs in the Graph network is one of the factors that is leading to its recent increase in price. At the time of writing, there are over 3000 subgraphs in the network according to CoinMarketCap. This has led to its increase in price by 40.2% in the last 30 days according to CoinGecko data. This news indicates that there are a lot of developers that are attracted to The Graph community.
Also, the growing interest in Web3 cryptocurrencies is attracting investors to The Graph (GRT). This is due to the belief in the crypto space that Web3 is the internet of the blockchain and will serve as a good replacement for the present World Wide Web (WWW).
In addition, the migration of The Graph to its own mainnet had shown that the team is committed to the future of the project. Investors are attracted to projects that have developmental upgrades since news about such upgrades increases the positive sentiment toward the projects.
We shall look at charts to discuss the price analysis of The Graph (GRT).
https://www.tradingview.com/x/uZpsVyNy/
From the 1day chart of The Graph above, we can see that there was price action at the $0.5 resistance1 level. This saw the price of GRT be reversed. However, it seems that the price is consolidating which will lead to either a bullish reversal to the $0.76 resistance 2 level or a breakout at the $0.32 support level.
https://www.tradingview.com/x/Ku8nzSTl/
Keltner channel is a technical analysis indicator that is used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for GRT/USDT, we can deduce that the price of The Graph might get bullish in some days since the price is consolidating at the first half of the channel from the top.
https://www.tradingview.com/x/UiPYW7vG/
From the chart above, the 200-MA is below the 100-MA which means that short-term investors would gain. However, since the gap between the two moving averages is large and the 100-MA is below and also touching the recent candlesticks, there might be a bearish run before the continuation of the recent bullish run.
Now, we shall see the price prediction of The Graph (GRT) for the next five years.
Price Prediction of the Graph (GRT) for 2022
If the recent bullish in the past 4 weeks is sustained, GRT will trade at least $2 by the end of December 2022. This will be due to increased trading volume which means strong investors activities. With a positive outlook for Bitcoin in the year, The Graph has the possibility of even surpassing it since most cryptocurrencies move in the direction of Bitcoin.
Price Prediction of the Graph (GRT) for 2023
By the end of December 2023, the price of The Graph (GRT) is expected to reach at least $5. This is because of the recent performance of GRT which has seen it gain over 370% in the past 15 months according to CoinGecko. Because history repeats in cryptocurrency, we can expect at least a 250% increase in the price of GRT by 2023 if it ends the year 2022 at a price of at least $2.
Price Prediction of the Graph (GRT) for 2024
By the end of December 2024, the price of The Graph is expected to reach at least $12. This is due to the expected increase in the adoption of GRT as a result of future partnerships and upgrades in The Graph ecosystem.
Price Prediction of the Graph (GRT) for 2025
The price of The Graph will be at least $25 by the end of the last quarter of 2025. This is due to more adoption of GRT due to the inflow of more developers that uses The Graph blockchain as a result of its high speed and low cost for transactions.
Price Prediction of the Graph (GRT) for 2026
The price of GRT will be $50 by the end of the last quarter of 2026 as a result of increased market capitalization. This will be due to a positive outlook and forecast for top cryptocurrencies like Bitcoin and Ethereum since most of the markets move in the direction of the trend.
We shall now look at different media houses' price predictions for The Graph.
GRT Price Prediction: Market Sentiments
DigitalCoin
According to DigitalCoin, the price of GRT will reach $0.63 in 2022 and $2.22 in 2030. The coin is expected to rise by over 270% in the next eight years according to their long-term forecast analysis.
PricePrediction
According to PricePrediction, the price of GRT will reach $0.80 in 2022 and $5.58 in 2028. The coin is expected to rise by over 1080% in the next six years according to their long-term forecast analysis.
CoinQuora
According to CoinQuora, the price of GRT will reach $3 in 2022 and $20 in 2026. The coin is expected to rise by over 667% in the next four years according to their long-term forecast analysis.
Our The Graph Price Prediction
By the end of 2022, 2023, 2024, 2025, and 2026 the price of GRT might trade at $2, $5, $12, $25, and $50 respectively.
Decision
From the fundamental analysis and the market sentiment around GRT, we can deduce that all analyses are of the opinion that GRT would be bullish in the future which will be rewarding for long-term investors.