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Is The Graph (GRT) a Good Investment?

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Blockchain investors looking to maximize their profit are constantly searching for hidden gems and undervalued altcoins which can skyrocket soon. The Graph is exactly that – a promising project built on strong technologic fundamentals with a lot of room for growth. But what is The Graph really, and is GRT a good investment to make in 2021?

Cryptocurrency SybmolGRT
Market Cap$1,621,681,891
Circulating Supply4,715,735,200 GRT
Total Supply10,000,000,000 GRT
All Time High$2.88
All Time LowNo data
Official Websitehttps://thegraph.com/

What Is The Graph?

The Graph (GRT) is an innovative blockchain project aiming to make decentralized public infrastructure more accessible to the general public. Technologically speaking, the main point of The Graph is building a data indexing protocol for various ecosystems such as the Ethereum network and IPFS, which would be able to power both blockchain-based DeFi solutions as well as more traditional Web3 applications.

The main advantage of The Graph is the fact that it empowers developers with a very easy way to create and release subgraphs – custom open-source APIs built with GraphQL and used to efficiently retrieve data stored on the blockchain.

One of the reasons why The Graph is quickly gaining popularity is that it turns developing subgraphs into a really easy process, regardless of the type of data infrastructure used. Currently, The Graph supports IPFS, POA, and ETH, with the support for more protocols to be introduced in the near future.

Who Is Behind The Graph?

The Graph co-founders left to right: Jannis Pohlmann, Brandon Ramirez, Yaniv Tal

The Graph co-founders left to right: Jannis Pohlmann, Brandon Ramirez, Yaniv Tal

The Graph was founded by three veteran blockchain developers named Yaniv Tal, Jannis Pohlmann, and Brandon Ramirez, who have previously worked on renowned projects such as Ethereum, Decentraland, MuleSoft, Orchid, and many others.

The Graph Foundation was able to conduct a very successful public sale, which enabled the team to raise over $25 Million from individual investors in almost 100 countries. Due to its strong technologic potential, The Graph was also able to gain significant institutional financing from organizations such as ParaFi Capital, Reciprocal Ventures, Coinbase Ventures, Tally Capital, CoinFund, and Framework.

The Graph Price History & Tokenomics

The Graph Network is powered by its native digital asset called The Graph Token (GRT). GRT is a utility token used to incentivize the economic security of the entire The Graph ecosystem and to reward the providers of curating and indexing services to The Graph Network.

The Graph Token has a max supply of 10,000,000,000 GRT (10 Billion). However, most of the tokens were not released yet, and the currently circulating supply is 4,715,735,200 GRT, with 3% of the supply issued to the market each year.

The Graph price has appreciated remarkably since the token’s launch in December 2020 and has reached its current all-time high of $2.88 on February 12th, 2021. Even though The Graph is already one of the top 50 cryptocurrencies by market capitalizations, many blockchain investors are firmly convinced that GRT still has a lot of room for growth and that The Graph Token is a good investment.

The Graph Price Predictions for 2021

The Graph Network is one of the most technologically advanced and innovative projects in the blockchain ecosystem, and it fulfills numerous important use cases. Because of that, it’s not surprising that the general outlook regarding The Graph price is decidedly bullish.

What’s also interesting is the fact that the crypto community seems to be very univocal when it comes to The Graph price predictions for 2021. While crypto enthusiasts can often be divisive, in the case of The Graph most of them seem to agree that The Graph price will reach $10 by the end of the year.

The $10 GRT price forecast for 2021 was the most popular option in a Twitter survey created by user gag3. Exactly 60% of the respondents believe that The Graph price will reach $10 by the end of the year, and some people are of the opinion that GRT might soon be worth even more than that.

A similar survey was also created by the Twitter user going by the name Crypto Wook. This time, the $10 The Graph price prediction was again the most popular answer: over 32% of the surveyed people agree that The Graph will reach $10 in 2021.

Numerous members of the Twitter crypto community have also given the $10 price level as their GRT price prediction for 2021. For example, a forecast like that was shared by the user duacrypto.

Of course, not everyone agrees on the $10 GRT price prediction for the end of the year. Some people are slightly less bullish, for example, the user CryptoGraph is convinced that the GRT price won’t surpass $8 in 2021.

The Graph Price Forecasts According to the Experts

When it comes to The Graph price predictions for 2021, analysts and experts fully agree with the crypto community at large. Almost every researcher agrees that $10 is the next price target for The Graph Token.

For example, the popular channel Good Morning DeFi has posted a $10 GRT price forecast recently. According to the channel, The Graph may reach $10 sooner than people think since GRT is one of the most advanced digital assets in the blockchain ecosystem.

The $10 GRT price prediction for 2021 was also published by the channel Crypto Brains, which points out the fact that the demand for blockchain integration solutions such as The Graph will likely rapidly increase in the near future, which can easily send The Graph price to $10 or more.

Can The Graph Price Reach $10?

Most analysts and experts agree that The Graph can reach $10 in 2021. The Graph Token is a valuable asset that has been appreciating at price ever since its launch, but most members of the crypto community are convinced that the GRT token still has a lot of room for growth due to its massive technologic potential.

Where to Buy GRT Tokens?

The Graph Token can be purchased on a large number of popular exchanges such as Binance or Coinbase. Since GRT is an ERC-20 token, it can also be bought on almost all Ethereum-based DEXs (decentralized exchanges) like Uniswap and SushiSwap.

Is The Graph a Good Investment?

The Graph is a good investment according to a large number of blockchain investors. It is a technologically advanced project created by an experienced team, it fulfills important use cases and it has gained impressive financing. Because of that, The Graph price is expected to continue growing in the foreseeable future.

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