During the crypto revolution with emerging technology, many countries quickly established themselves as a hotspot for blockchain, showing how high digital coins could fly. Even during the pandemic, there has been an increase in the volume of cryptocurrencies. According to popular platforms of cryptocurrencies, one of the promising cryptos is The Graph Token (GRT), hosted on the Ethereum blockchain. GRT is the token of The Graph. It is an ERC-20 token containing transfer value accepted globally. Impressively, the current token supply stands at 4,715,735,200 GRT. Let us understand what The Graph is, and see if The Graph Price Prediction seems promising.
To ensure the network’s security and the authenticity of queries on it, participants use Graph Token (GRT). GRT is an ERC20 token on the Ethereum blockchain. It is the main utility of The Graph and a medium of exchange to allocate resources in the network. Active Indexers stake GRT to provide indexing services and Curators to select/validate the subgraphs to be indexed on this web network.
What Makes It Unique to Maximize the Scope in the Market?
The network is dedicated to establishing a secure decentralized public infrastructure in the industry. The Graph is a user-friendly, cost-efficient, and secure API for developers. Many popular Decentralized Applications (DApps) and Decentralized Finance (DeFi) platforms are leveraging The Graph’s APIs to improve data responsiveness, including Aragon, Balancer, DAOstack, Synthetix, and Uniswap. There is continually growing adoption. Since its launch in 2019, it has encountered over a billion queries.
The Graph provides a much-needed service to an industry and fuels further innovation and development of the decentralized sector. As the industry flourishes, expect more DeFi platforms to leverage this secure technology for acquiring Ethereum blockchain data.
Many countries, including the EU, the UK, and other Asian countries, support The Graph. Hence, more traders can participate in GRT trading.
This is what you should know to understand the growth prospect of GRT. Let us move to The Graph Price Prediction and market analysis.
GRT Price Statistics
GRT has recorded an intraday high at $2.99, a day before the Edge & Node launch to continue with The Graph protocol. Though, it was a short-lived peak. GRT formed a boost at $0.35 at the start of the year and soared significantly to $2.84 (approx 571% rise) in February 2021. Later, the token was bearish and traded between $0.5 – $1.00.
(Statistics as of 14th December 2021 from Coinmarketcap)
|GRT Current Price||$ 0.6042|
|Market Cap||$ 2,865,491,767|
|Circulating Supply||4,715,735,200 GRT|
|Maximum Supply||10,057,044,431 GRT|
|All-time high||$2.84 (in February 2021)|
|All-time low||$0.43 (in late June 2021)|
GRT is traded at the price of $ 0.6042 as of 14th December 2021 (as per data on Coinmarketcap) with a market capitalization of $ 2,865,491,767.
It is circulated at a quantity of 4,715,735,200 with a maximum supply of 10,000,000,000. This ranks the crypto as 50 in trading. GRT is at a supply rate of 47% of its maximum supply.
It hit an all-time high of $2.84 in February 2021, contrary to an all-time low of $0.43 in late June 2021.
Technicals of 30 days price and 7-day price of the Graph Crypto till December 14th 2021:
- 30 day low / 30 day high of $0.5853/$1.11
- The GRT price has fallen by 14.38% in the past 7 days.
The Graph Price Prediction by Popular Platforms
According to DigitalCoin’s GRT coin price prediction, the price will increase and it will be a profitable investment. For GRT price prediction 2022, the price can roughly be up to $1.05, a 2X boost from the current price. After five years, the worth of one GRT is estimated at up to $2.33.
CoinArbitrageBot data on The Graph price prediction shows that the GRT price could be $1.02041 (+65.32%) in one year. The Graph Price December 2021 Prediction is estimated at $0.32387 (-47.53%). At the end of 2023, investors expect the GRT crypto price around $1.65102 that can rise to $2.67135 at the end of 2024. As per its GRT coin price prediction 2025, the growth may surprise you. Its estimates show a remarkable value of $4.32224 (+600.28%).
According to Wallet Investor, the coin may start at $1.289 in 2022, but there is a negative assertion for GRT price prediction. Based on the current data, its crypto analyst indicates that there will be a negative trend. It may be hard to trade the coin in bear markets if you are not a crypto veteran.
According to the longforecast, it is predicted to be a profitable long-term investment. As per its data for the Graph price prediction for December 2021, the maximum price can be $0.95, and the minimum price level may decline to $0.36. The average for December may be recorded at $0.66, and at the end of the month, it may decrease to $0.39 (-58.9%). For January 2022, the maximum and minimum prices may be $0.44 and $0.31, respectively. For the average for the month, it is forecast at $0.37.
Considering the ongoing developments and upgrades within the GRT ecosystem, it could experience a great future in 2022. It may reach approx $2 soon, and investors can plan for a long-term investment portfolio. For GRT price prediction 2030, a few platforms forecast show the average trading value of GRT to be around $20.31.
How to Trade GRT Crypto
Among various cryptocurrency exchanges that offer trading GRT tokens include –
Steps to Trade the Graph Tokens
You can follow these step-by-step guidelines to buy GRT Token:
Set an Account at a Fiat-To-Crypto Exchange
You cannot buy and mine the GRT directly. Therefore, first, you need to buy LTC, Ethereum (ETH). As fiat money cannot be used to acquire GRT, get registered at a Fiat-to-Crypto exchange. One example of fiat-to-crypto exchanges is Coinbase. You can research and find any other exchange. Go through the set of policies, charges, and features. To register, the exchange needs your email ID. It will verify your ID, and you can proceed with the registration process. You could set an account in the name of an individual or business as per your requirement. The verification process is secured with a two-factor verification (2FA).
Also Read: Top Five Cryptocurrencies to Invest in 2022
Buy Ethereum (Eth) Using Fiat Money
Now you need to complete the Know Your Customer (KYC) process. After successful KYC verification, you need to choose the payment mode from credit/debit card, e-wallet, bank transfer to add funds to your wallet. After verification and adding money, you need to click on the Trade button to make your first purchase of ETH. It will charge a fraction of the trade as the GRT cost. This is the cost you need to pay to be eligible to buy GRT coins. You should note that bank transfer transactions can take time to reflect on the trading account. It should also be noted that card transactions generally come with a higher fee than bank transfers while buying crypto.
Altcoin Exchange Registration
A GRT token is a token other than Bitcoin, called Altcoin. Therefore, you need to register at an Altcoin exchange, like KuCoin. Now, you can transfer your ETH to the Altcoin exchange and buy the token after going through two-factor authentication. You can use cash (USD or EUR) after providing additional supporting documents.
Deposit Eth to Exchange Grt Token
Once you get registered on the Altcoin exchange and your account is funded with ETH, you can exchange it for a GRT token. It is as easy as an online transfer of money that takes only a few minutes to process. In one step, you can add the ETH address of the fiat-to-crypto exchange to the altcoin exchange and send crypto from the wallet safely.
Now, you are all set to trade GRT tokens with The Graph Price Prediction by various platforms, helpful when you research on your own to decide on crypto investing. Just click on the Exchange button to buy GRT at the crypto exchange once you are done with the above-explained registration.
For more finance-related concepts you can have a look at the FinanceShed, and stay tuned for more updates.