Graph Coin: A Smart Investment Decision?

The Graph (GRT) is a cryptocurrency that powers a decentralised protocol for indexing and querying blockchain data. It has been described as a good opportunity to dig right in and invest. However, it is important to note that the value of cryptocurrencies is highly unpredictable, and investors are advised to practice sound risk management before making any financial commitments.

The Graph's price history and future predictions

The Graph (GRT) is the native cryptocurrency of The Graph, a decentralised protocol for indexing and querying blockchain data. It is built on the Ethereum blockchain and was launched in December 2020.

GRT's price history has been volatile, with an all-time high of $2.88 in February 2021. It experienced a sharp correction after this peak, with its price fluctuating throughout 2021 and 2022. In 2023, GRT started the year positively, climbing to $0.20 in February after a prolonged period of underperformance.

The Graph's price has seen an upward trend in 2024, with a high of $0.44 in March. However, it has since exhibited a downward trend, indicating potential market exhaustion or a shift in investor sentiment.

As of August 2024, GRT's price is $0.158748, with a 24-hour trading volume of $20.55 million. Its market cap is $1.38 billion, and it has a circulating supply of 9.55 billion tokens.

Looking at future predictions, Wallet Investor forecasts that GRT could plummet over the next year, falling to $0.0157 in April 2024. In contrast, PricePrediction.net predicts a more positive outlook, with GRT potentially reaching $0.18 in 2024, $0.27 in 2025, and $0.39 in 2026. By 2028, they predict GRT could be trading at $1.14, and by 2030, it could reach $2.52.

Other predictions for 2024 place GRT's price between $0.117 and $0.441, with an average of $0.2368. For 2025, GRT is predicted to trade between $0.441 and $0.550, maintaining an average of $0.492.

The Graph's price predictions for 2030 vary, with some forecasts stating it could trade between $1.48 and $2.00, while others predict a higher range of $3.712 and $4.782.

It is important to remember that cryptocurrency markets are extremely volatile, and price predictions often turn out to be wrong. Investors should always conduct their own research and carefully consider their risk tolerance before investing in cryptocurrencies.

The Graph's market cap and its potential growth

The Graph's market capitalization is a crucial factor in evaluating its potential growth prospects. Market capitalization, or "market cap," is calculated by multiplying the current market price of a cryptocurrency by its circulating supply, providing an estimate of the project's total value.

As of August 2024, The Graph's market cap is approximately $2.258 trillion, with a circulating supply of around 9.5 billion GRT tokens. This market cap places The Graph within the top 60 cryptocurrencies in terms of market capitalization, according to CoinGecko.

The Graph's market cap has seen significant fluctuations since its launch in December 2020. The token reached an all-time high of $2.88 in February 2021, benefiting from a bullish crypto market. However, it experienced a sharp correction and considerable price volatility throughout 2021 and 2022.

In 2023, The Graph showed signs of recovery, with its price climbing to $0.20 in February. This momentum continued into 2024, and by March, the token reached a yearly high of $0.44. Despite a subsequent correction, The Graph maintained some price support and exhibited an upward trend, indicating potential growth.

According to various crypto analysts and price prediction models, The Graph's price is expected to continue its upward trajectory in the coming years. Here are some specific predictions for the short and long term:

• In the short term, for the remainder of 2024, The Graph's price is predicted to fluctuate between $0.117 and $0.441, with an average of around $0.2368 by the end of the year.
• In 2025, The Graph is forecast to surge by approximately 20%, with a potential low of $0.441 and a peak of $0.550.
• By 2026, the maximum price of The Graph is expected to reach $0.723, maintaining an average trading price of $0.624.
• In 2027, The Graph may reach around $0.850, with a baseline of $0.724 and an average trading price of $0.785.
• For 2028, the maximum price prediction is $1.010, with an average price of $0.932, indicating a bullish outlook.
• By 2030, The Graph is projected to surge to a maximum price of $2.009, with an average price of $1.748, suggesting a bullish cycle.
• Looking even further ahead, by 2050, The Graph's price could surpass $19.220, according to long-term growth projections.

These price predictions for The Graph highlight the potential for significant growth and appreciation in the token's value over the coming years. However, it is important to remember that cryptocurrency markets are highly volatile, and price predictions can often be incorrect. Investors should always conduct their own thorough research and carefully consider their risk tolerance before investing in cryptocurrencies.

The Graph's use cases and its advantages

The Graph's use cases and advantages are numerous and varied. Here are some key examples:

Use Cases

• Recommendation Engines in E-commerce: The Graph's ability to map networked objects and provide relationships between different objects makes it ideal for e-commerce recommendation engines. It can provide customers with accurate recommendations, maximising online sales and customer satisfaction.
• Master Data Management (MDM): The Graph can be used to link all critical data to one location, providing a single point of reference for all data within an organisation. This streamlines data sharing among personnel and departments, improving efficiency and data consistency.
• Regulatory Compliance Systems: The Graph is well-suited for tracking and storing contextual connections between vast amounts of heterogeneous data points, making it useful for maintaining compliance with regulations such as GDPR and HIPAA.
• Social Media Analysis: The Graph can be used to analyse vast amounts of real-time data generated by social media platforms, helping to identify trends, sentiment, and key influencers. This is valuable for marketing, customer service, and reputation management.
• Network Monitoring: The Graph can monitor network traffic in real-time, allowing administrators to identify potential bottlenecks, security threats, and other issues. This ensures the smooth operation of complex networks.
• Financial Trading: The Graph can analyse real-time financial data, such as stock prices and market trends, helping traders identify patterns and make informed decisions. This is particularly advantageous for high-frequency trading.
• IoT Management: By analysing data from IoT devices, The Graph can identify patterns, optimise performance, and detect anomalies in large-scale IoT deployments.

Advantages

• Visualisation: The Graph provides a highly visual representation of data, making complex information and relationships clear and concise. This facilitates better communication and understanding of the data.
• Representing Complex Data: The Graph is effective at representing complex data, particularly when relationships between data points are not straightforward. It helps uncover patterns, trends, and insights that may be difficult to identify using other methods.
• Efficient Data Processing: The Graph can efficiently process large datasets using graph algorithms designed specifically for graph data structures. This enables the performance of complex operations quickly and effectively.
• Network Analysis: The Graph is commonly used to study relationships between individuals or organisations and identify important nodes and edges within a network. This is valuable in social sciences, business, and marketing.
• Pathfinding: The Graph can be used to find the shortest path between two points, a common problem in computer science, logistics, and transportation planning.
• Machine Learning: The Graph can be used in machine learning to model complex relationships between variables, such as in recommendation systems or fraud detection.

The Graph's team and their experience

The Graph was founded by a team including Yaniv Tal, Brandon Ramirez, and Jannis Pohlmann. Yaniv Tal is the CEO of Edge & Node, a new software development company founded by the core protocol team behind The Graph. Tegan Kline is the Head of Business at Edge & Node. Tal and Kline have also been described as the CEO and Head of Business & Field Marketing at The Graph, respectively.

The Graph's team also includes developers who created a way for anyone to become an indexer by creating a manifest for the events to be listened to, then automatically generating a data store and a GraphQL-based query mechanism from the subset of transactions according to the manifest. These are called subgraphs, and The Graph's directory includes 2811 subgraphs.

The Graph's core protocol team has experience in building and running queries to get data more efficiently and decentrally. The Graph protocol made the rapid development and deployment of DeFi (Decentralized Finance) possible, which exploded to a value of $24 billion in 2020 alone. The Graph also has experience in creating an incentive system on top of its protocol with the GRT token, which was released into the Ethereum Mainnet in December 2020. This incentive system allows for the payment of people for their efforts and the resistance to malicious participants, including Sybil resistance.

The Graph team has also established a governance structure with the creation of The Graph Foundation, an independent network that governs the network. The Graph Foundation is funded by tokens and runs the governance piece.

The Graph's competition and its differentiation

The Graph's competitors include:

• Unmarshal
• Covalent
• Blockdaemon
• Anyblock
• API3
• Band Protocol
• Infura
• Bitquery
• Etherscan
• ICObench
• Blockchair
• Coinpath
• Coin Metrics
• Amberdata
• WatchData
• Stocra
• Vezgo
• BlockSpan
• Tokenview
• Onmeta
• SoChain
• Crypto APIs
• Coinbase
• Ponto
• NOWNodes
• Cardano
• Zero Hash
• Zerion
• Coinbase Cloud
• Codefi Orchestrate
• Sequence
• Figment
• Nxyz
• Dune Analytics
• Amazon Managed Blockchain
• Zabo
• Presearch
• GraphQL
• Sepana
• Apibara
• Basement
• Hot Contracts
• Spice AI
• Envio
• SubQuery
• SQD

Frequently asked questions