The Graph (GRT) is a relatively new cryptocurrency and has gained around 14% in the last 24 hours. Forecasts expect an increase to up to 4 dollars. We introduce The Graph (GRT) and say: What is The Graph (GRT)? Why is The Graph (GRT) special? What are the analysts ‘ predictions, such as the forecasts for 2021 to 2028?

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What is The Graph (GRT)?

The Graph (GRT) is an indexing protocol for querying networks such as Ethereum and IPFS. GRT already supports numerous applications in both DeFi and the broader Web3 ecosystem. Anyone can create and publish open APIs called subgraphs to make data easily accessible. Simply put, The Graph provides data that can be transformed, organized, and shared across applications so users can query it with just a few clicks.

Simply put: Similar to how, for example, Google indexes the web, The Graph aims to index blockchain data on networks such as Ethereum and Filecoin. These data are called subgraphs and can be conveniently queried by developers via the GraphQL API. The Graph thus provides decentralized financial applications (DeFi) such as decentralized exchanges with information relevant to their operation.

Why is The Graph (GRT) special?

The Graph has the vision of a decentralized public infrastructure. To ensure the economic security of The The Graph network and the integrity of the queried data, participants use Graph Tokens (GRT). GRT is locked by indexers, curators, and delegators to provide indexing and curating services to the network.

In addition to APY rewards, indexers get the right to edit queries and select subgraphs to index for staking their GRT tokens. Curators help by checking the quality of partial graphs on the network.

The pseudonymous crypto analyst of “Coin Bureau” anticipates great opportunities for GRT, as he explains in this video:

The decentralized live streaming platform Livepeer.org was the first dapp to launch on The Graph network. Doug Petkanics, founder and CEO of Livepee, explains why he thinks The Graph is special:

“The Graph solves a real problem that every dapp developer faces, which is that we want to build our app on blockchains … filled with blockchain data.“

What is the GRT token?

GRT is an ERC-20 token on the Ethereum blockchain. On it is based The Graph. It is used to allocate resources on the network. Active indexers, curators and delegators can earn an income from the network. That, in turn, is in proportion to the amount of work you do and your GRT staking. Indexers earn indexing rewards (new issues) and query fees, while curators earn a portion of the query fees for the subgraphs they signal. Delegators earn a portion of the indexer’s income to which they delegate.

Who invented The Graph (GRT)?

The Graph was founded in 2019 by Yaniv Tal (Project Manager), Brandon Ramirez (Research Manager) and Jannis Pohlmann (Technical Manager). Tal and Ramirez studied electrical engineering and worked together at MuleSoft, an API developer tools company. Previously, you were a co-founder of a developer tools startup. First time on Coinmarketcap.com the cryptocurrency was listed on December 17, 2020.

The Graph has a large global community. To finance the development, capital was raised from community members, venture capitalists and influential people in the blockchain community. These include: Framework, Coinbase Ventures, CoinFund, DCG, ParaFi Capital, Reciprocal Ventures, DTC, Tally Capital, Multicoin or SPC.

The Graph (GRT – – what Traders expect

The Graph (GRT) has retreated steadily since a run in February. At $ 0.92, GRT is currently trading more than 68% below its all-time high of $ 2.88 reached on February 12, 2021 (date of this article). The coin therefore has ample potential for short-and medium-term price increases.

For example, the popular trader “ShardiB2” stipulate a breakout at GRT, and pseudonymous analyst @CryptoNewton writes to his more than 200,000 Twitter followers: He expects another cycle for GRT. To do this, he shows a chart with a price target: 2.20 dollars. This represents an increase of 144%, based on the current rate of $ 0.90.

Even the much-quoted trader @ SmartContracter expects a great movement: He admits that it has caught the coin hard after the decline from the all-time high, but writes: The coin goes to the moon. To do this, he shares a chart on which GRT rises up to 4 dollars.

The Graph (GRT) Price Forecasts 2021 – 2028

  • CoinCodex.com is generally neutral on price prediction at The Graph: while 20 indicators of technical analysis signal bullish signals, the opposite is 7 bearish signals.
  • WalletInvestor.com thinks The Graph is a bad 1-year investment: As Gov. capital also thinks WalletInvestor.com at GRT a crash for possible-up to 0,26 dollar.
  • Gov. Capital is surprisingly bearish on The Graph: The deep learning-based forecast model sees The Graph drop to as low as $ 0.53 within the next year. GRT will halve its current price until August 2022.
  • The otherwise known for conservative forecasts portal LongForecast.com gives a bullish GRT forecast: so GRT does not rise significantly until the end of 2021 and closes the year at 1,11 dollars. By the end of 2022, however, The Graph has already doubled its value. in 2023, the GRT price is predicted to decline slightly again. Expected in September 2025 LongForecast.com at GRT then, however, 3,86 dollars. This represents an increase of 328% based on current prices.
  • DigitalCoinPrice.com is bullish on The Graph (GRT): The coin is a profitable investment. Thus, by the end of 2021, a price of $ 1.37 is predicted for The Graph. Over the course of the next year, The Graph then rises to $ 1,63, and in 2023 GRT then cracks the $ 2 mark. in 2024, 2025 and 2026, the GRT forecast continues to show solid price growth. 2026 then again a milestone: GRT exceeds 3 dollars for the first time. By the end of 2028, The Graph finally manages to rise to $ 4.13, according to the forecast.

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Last updated on August 13, 2021

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