Graph Grt Crypto: Worth Investing Or Not?

The Graph (GRT) is a cryptocurrency that powers an indexing protocol for querying data for networks like Ethereum and IPFS. It aims to improve blockchain data access for dApps through its global API. The Graph has a native token, GRT, which fuels the ecosystem's economy and incentivizes network participants to provide data to end users and organize it effectively.

GRT has experienced significant price volatility, with an all-time high of $2.88 in February 2021 and subsequent fluctuations. As of September 2024, its price is around $0.18. Various sources provide predictions for GRT's future price, with some suggesting it may surge to $0.550 in 2025 and trade between $1.48 and $2.00 by 2030.

The Graph has a dedicated community and has secured significant funding from major players like Coinbase Ventures. Its unique value proposition and potential for growth have made it an intriguing investment opportunity for those interested in the crypto space. However, it's important to remember that cryptocurrency markets are extremely volatile, and prices can go down as well as up.

The Graph's price history and future predictions

The Graph (GRT) is the native cryptocurrency of The Graph, a Google-like information indexing service for the blockchain world. It has a total supply cap of 10 billion, with 2.9 billion GRT coins in circulation.

GRT's price history has been volatile. It was worth about $0.12 when it entered the market in December 2020. It then experienced a sustained bullish period, reaching an all-time high of $2.88 on 12 February 2021. Since then, its price has fluctuated considerably, with a sharp correction following its all-time high. In early January 2022, GRT reached a local high of $0.66. The year 2023 started positively, with the price climbing to $0.20 on 8 February 2023.

GRT experienced a notable surge during the 2023 holiday season, propelling it to a yearly high of $0.44 on 10 March 2024. However, it underwent a correction and has exhibited a downward trend since May 2024, indicating potential market exhaustion or a shift in investor sentiment.

As of September 2024, GRT's price is $0.178923. Short-term price predictions for the remainder of the year vary, with some sources forecasting an average price of around $0.191 in September, $0.244 in October, $0.305 in November, and $0.366 in December.

Long-term price predictions for GRT are more optimistic. By 2025, it is predicted to surge to a high of $0.550, with an average trading price of $0.495. This upward trajectory is expected to continue, with GRT potentially reaching a maximum of $1.487 in 2029 and $2.009 in 2030. By 2035, GRT's average price is predicted to be $4.230, and by 2050, it could surpass $19.

It is important to note that cryptocurrency markets are extremely volatile, and price predictions can often be wrong. Therefore, it is crucial to do your own research and carefully consider your risk tolerance and investment goals before investing in GRT or any other cryptocurrency.

The Graph's utility and potential

The Graph (GRT) is a cryptocurrency that powers an indexing protocol for querying data for networks like Ethereum and IPFS. It is designed to make it easier for people to access and search for data on the blockchain.

The Graph's utility lies in its ability to index data and group it into separate sub-graphs using APIs. These sub-graphs can then be combined to form a larger graph, making data collection more efficient and seamless. This is particularly useful for developers who need to access and organise blockchain data. The Graph's native token, GRT, is used to incentivise and reward network participants for providing and organising data effectively.

The Graph has gained traction in the DeFi space and has secured significant funding from major players, including Coinbase Ventures. It has a global community and over 200 Indexer Nodes in the testnet. As of October 2020, it had more than 2,000 Curators in its Curator Program.

The Graph has the potential to bring reliable, decentralised public infrastructure to the mainstream market. Its unique value proposition lies in its ability to provide a decentralised, open environment for data flow and dApps, ensuring the economic security of the network and the integrity of the queried data.

The Graph's long-term potential is promising. It has a supply cap of 10 billion tokens, with an initial circulating supply of ~1,245,666,867 GRT. As of February 2023, there were almost 8.9 billion GRT in circulation, giving it a market cap of around $1.25 billion and making it the 43rd largest crypto by that metric.

While The Graph's price has been volatile, with an all-time high of $2.88 in February 2021, it has the potential for significant growth in the future. Some predictions place its price at $2.009 in 2030 and $19.220 by 2050.

In summary, The Graph's utility lies in its ability to facilitate data querying and indexing on the blockchain, with its native token, GRT, powering the network. Its potential for growth and widespread adoption, coupled with its unique value proposition, makes it an intriguing project in the blockchain space.

The Graph's team and backers

The Graph is made up of a team of professionals with experience in the Ethereum Foundation, OpenZeppelin, Decentraland, Orchid, MuleSoft, Salesforce, Puppet, Redhat, and Barclays. The initial co-founding team includes Yaniv Tal (project lead), Brandon Ramirez (research lead), and Jannis Pohlmann (tech lead). Tal and Ramirez have engineering backgrounds and studied electrical engineering at USC.

The Graph has a global community, including over 200 Indexer Nodes in the testnet and more than 2,000 Curators in the Curator Program as of October 2020. The Graph has raised funds from community members, strategic VCs, and influential individuals in the blockchain community, including Coinbase Ventures, DCG, Framework, ParaFi Capital, CoinFund, DTC, Multicoin, Reciprocal Ventures, SPC, and Tally Capital.

In February 2022, the backers of The Graph launched a $205 million fund to provide grants to teams building dapps using The Graph's querying technology. The backers included Multicoin Capital, Reciprocal Ventures, gumi Cryptos Capital, NGC Ventures, CoinDesk parent Digital Currency Group, and HashKey. The fund aims to accelerate the development of key projects in the data-indexing network's ecosystem.

The Graph's tokenomics

The Graph is a decentralized protocol that enables easy access to blockchain data. It is similar to a B2B2C model, but it is powered by a decentralized network of participants. The Graph uses its native GRT token to coordinate data providers and consumers within the network. GRT is a work utility token that incentivizes protocol participants to organize data effectively.

There are four primary network participant roles:

• Delegators: Delegators delegate GRT to Indexers to secure the network. They earn a percentage of all query fees and indexing rewards from the Indexer.
• Curators: Curators identify high-quality subgraphs and "curate" them by signalling GRT on them. They earn curation shares, which guarantee a percentage of all future query fees generated by the subgraph.
• Developers: Developers build and query subgraphs to retrieve blockchain data. They pay for queries in GRT, which is distributed to network participants.
• Indexers: Indexers are the backbone of The Graph. They serve data to consumers based on instructions from subgraphs. Indexers can earn GRT through query fees and indexing rewards.

The initial token supply is 10 billion GRT, with a target of 3% new issuance annually to reward Indexers. The Graph is designed with multiple burning mechanisms to offset new token issuance. Approximately 1% of the GRT supply is burned annually through activities such as a 0.5% delegation tax, a 1% curation tax, and a 1% burn on query fees.

In addition, The Graph has a slashing mechanism to penalize malicious or irresponsible behaviour by Indexers. If an Indexer is slashed, 50% of their indexing rewards are burned, and their self-stake is slashed by 2.5%, with half of this amount burned.

The Graph's competitors

The Graph (GRT) is a cryptocurrency that powers a decentralised indexing protocol for querying data for networks like Ethereum and IPFS. It has a circulating supply of 9,548,531,509 GRT coins and a total supply cap of 10 billion.

As an indexing protocol, The Graph's competitors include:

• Unmarshal
• Covalent
• Tari
• Bitski
• Alchemy
• Sunscreen

Unmarshal

According to a user on Reddit, Unmarshal is the only real competitor to The Graph and is, in their opinion, leagues ahead.

Covalent

Covalent is a blockchain data API that provides a unified API to bring full transparency and visibility to assets across all blockchain networks. It is free for everyone forever, with extra features available on a Pro plan.

Tari

Tari is an open-source blockchain protocol.

Bitski

Bitski is a hosted wallet SDK (software development kit) for apps using the blockchain.

Alchemy

Alchemy is a company that provides blockchain infrastructure and developer tools.

Sunscreen

Sunscreen is a company that develops fully homomorphic encryption (FHE) technology to provide privacy in Web3.

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