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- 1 The price prediction signifies that GRT token price could attain a high of $1.418 by the end of 2028.
- 2 The Graph price gained 2.16% in the past 24 hours and was at $0.162 at press time.
The Graph is a protocol which allows users to query data from blockchains and decentralized networks using subgraphs, which are open APIs built and published by anyone.
It aims to provide reliable and secure public infrastructure for the web3 ecosystem, especially for the DeFi applications. To achieve this, the protocol uses Graph token (GRT).
It is an ERC-20 token that is stacked by network participants who provide indexing and curating services.
Also, it has a fixed supply of 10 Billion GRT, with an initial circulating supply of 1.25 Billion. The network issues new tokens as indexing rewards at 3% annually, which can be adjusted by the Graph Council, a technical governance body.
The Graph Crypto Technical Analysis
The Graph price analysis showcases a retest of the recent support and 50-day EMA, highlighting strength over the chart. The bull has control over the price trend in the long term and short term.
The daily chart shows the formation of higher highs and higher lows pattern, indicating strength. The bears are in the defensive position and are attempting to dominate near the top.
The technical indicators imply a bullish outlook in the long term. The short term indicators are signifying the continuation of the bullish trend with the buyers losing momentum.
The price may continue to form higher highs and higher lows until it is maintained above the 50-day EMA.
The Graph Price Prediction 2023
The price prediction for 2023 showcases a neutral to bullish outlook in the short term, indicating an upside potential of nearly 15.80% by the year end. The optimistic view of analysts estimates that the price could advance to a high of $0.186. However, the pessimistic view of analysts predicts that the price could drop to $0.122.
The Graph Price Prediction 2024
As per our analysts, the most optimistic target that The Graph token may achieve is $0.334; highlighting an upside potential of 106.90% from the CMP. The average analyst price target to be attained is $0.287 by the end of 2024. However, the pessimistic view of analysts expects the price to reach $0.227.
The Graph Price Prediction 2025
According to the most optimistic analysts’ projections, the GRT price could reach up to $0.556 in the next three years as its highest value. The minimum forecasted price by the end of 2025 is $0.380.
The Graph Price Prediction 2026
The price analysis for the year 2026 shows that the GRT cryptocurrency may advance to a high of $0.814. The bearish view of the analysts expects the price to reach a low of $0.633 by 2026.
The Graph Price Prediction 2027
The most bullish analysts foresee a potential value of $0.943 by 2027. A minimum price target that the GRT crypto may achieve by 2027 is $0.747.
The Graph Price Prediction 2028
The price forecast of the The Graph crypto shows that it may reach a high of $1.418 by 2028 if the most optimistic condition prevails. By 2028, the analysts’ lowest forecast for The Graph is $1.119.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
