BlockWiseOn

The Graph price prediction 2024-2030: Will GRT reach $10?


Key takeaways:

The Graph offers access to competitive and cost-efficient decentralized data sets. 

The network boasts a 99.99% uptime and 24/7 availability. Central to The Graph’s operations are subgraphs, APIs that organize and serve blockchain data to data consumers and developers.

The Graph has over 100 indexer nodes, 1.23 trillion served queries, and over 70,000 hosted projects. The GRT token acts as an incentive mechanism for the Graph Network. It incentivizes network participants to provide data to end users and organize it effectively.

So, how high will GRT go? Is it a good investment? What will be its price in 2025? The following sections explore these questions and more.

Overview

Cryptocurrency The Graph
Ticker GRT
Current price $0.1613
Market cap $1,537,867,309
Trading volume $28,363,757
Circulating supply 9,548,531,509 GRT
All-time high $2.88 on Feb 12, 2021
24-hour high $0.1616
24-hour low $0.1545

The Graph price prediction: Technical analysis

Metric Value
Volatility (30-day variation) 12.07%
50-day SMA $ 0.156225
200-day SMA $ 0.229641
Fear and greed index 41 (Fear)
Green days 17/30 (57%)
Sentiment Neutral

The Graph price analysis: Cryptocurrency upgrades to $0.1613 high

Key takeaways:

On October 6, 2024, The Graph price analysis revealed an upward trend for the cryptocurrency. Coin value has advanced up to $0.1613 high during the day as the bullish momentum is on the rise. Overall, the cryptocurrency has gained up to 0.03% of its value. This creates a favorable scenario for the investors, as the buying activity is intensifying once again.

The Graph 1-day chart analysis

The 1-day price analysis of The Graph revealed an increasing trend for the cryptocurrency today. Coin value has advanced up to $0.1613 high during the past 24-hours. Side by side, the market sentiment reflects a bullish scenario as well. As the volatility is declining, there are lower chances of a reversal in the market events.

The distance between the Bollinger bands defines market volatility. As this gap is currently deteriorating, this signifies a decreasing volatility. Moreover, the upper limit of the Bollinger bands indicator, acting as the resistance band, is at $0.1964. Whereas, the lower limit of the Bollinger bands indicator, serving as support, is at $0.1381. 

GRT/USD price chart. Image source: TradingView

The Relative Strength Index (RSI) indicator is situated within the neutral region. Currently, its value is 49.45, and still moving upward, this signifies a bullish market. The ascending curve on the RSI graph marks a rising buying pressure. If the buying activities continue to dominate the selling activities, further rise in RSI value is expected.

The Graph 4-hour chart analysis

The four-hour price analysis of The Graph coin presents a highly bullish scenario regarding the ongoing price movements. The coin value has advanced up to $0.1613 in the past four hours considering the bullish tide. The bulls remained on the leading throughout the day, earning substantial recovery for the currency. 

The Bollinger bands are expanding, resulting in a rising volatility. This increase in volatility refers to a higher market unpredictability. Moving ahead, the upper Bollinger band is now situated at $0.1613, indicating the resistance point. Whereby, the lower Bollinger band is present at $0.1510, securing the support.

GRT/USD price chart. Image source: TradingView

The RSI indicator is situated within the neutral region. Currently at 51.43, and still moving upward, this indicates a bullish trend. The price movement remained on the increasing side today, leading to sufficient improvement in the RSI. The ascending curve on the RSI marks a balanced trading environment, and a positive market sentiment.

The Graph technical analysis: Levels and action

Daily simple moving average (SMA)

Period Value ($) Action
SMA 3  0.14938 BUY
SMA 5  0.159438 BUY
SMA 10  0.173888 SELL
SMA 21  0.167652 SELL
SMA 50  0.156225 BUY
SMA 100  0.170797 SELL
SMA 200  0.229641 SELL

Daily exponential moving average (EMA)

Period Value ($) Action
EMA 3  0.162074 SELL
EMA 5  0.156877 BUY
EMA 10  0.151433 BUY
EMA 21  0.152984 BUY
EMA 50  0.172371 SELL
EMA 100  0.201025 SELL
EMA 200  0.216742 SELL

Is The Graph a good investment?

The Graph rivals some Web2 data oracles for its efficiency and low costs. GRT, its native token, however, remains a victim of general market dynamics and high volatility. The current sentiment is bearish, with predictions pointing to higher price growth.

What can we expect from GRT price analysis next?

The Graph price analysis for the day confirms a bullish prediction regarding the current market events. Coin value has increased up to $0.1613 high during the day as the bullish pressure is on the rise. Side by side, the currency has gained an overall recovery up to 0.03%. The buying activities have resumed once again as reflected from the one-day price chart. Technical indicators are giving out a negative verdict, however, the price charts continue to support the bulls.

Why is GRT up?

The Graph has returned to the highest trading levels of this year, the crypto market capitalization is also at its highest. The increase in the Graph’s value could be attributed to the general bullish market sentiment. However, the past few weeks proved to support the bears, as the selling pressure remained substantially high.

Will GRT recover?

The Graph is recovering this month, and the current resistance could be crucial to sending GRT to previous highs.

Will GRT reach $1?

Yes, GRT should rise above $1 in 2027. In that year the price will range between $0.8744 and $1.03.

WIll GRT reach $10?

According to the Cryptopolitan price prediction, it remains unlikely that GRT will get to $10 before 2030.

WIll GRT reach $100?

Per the Cryptopolitan price prediction, it remains highly unlikely that GRT will get to $100 before 2030.

Does GRT have a good long-term future?

Per the Cryptopolitan price predictions, GRT is set to trade higher in years to come. However factors like market crashes or difficult regulations could invalidate the bullish theory.

Recent news/ opinions

The Graph price prediction October 2024

A break above resistance is critical to ending The Graph’s bear run this month. The price will range between $0.1321 and $0.1985 and average at $0.1653.

Month Potential low ($) Potential average ($) Potential high ($)
October 0.1321 0.1653 0.1985

GRT price prediction 2024

As the third quarter of 2024 unfolds, GRT will likely recover to previous highs. The coin will trade between $0.2409 and $0.2638. The average price will be $0.2522

Year Potential low ($) Potential average ($) Potential high ($)
2024 0.2409 0.2522 0.2638

GRT price prediction 2025-2030

Year Potential low ($) Potential average ($) Potential high ($)
2025 0.3434 0.3560 0.4256
2026 0.5030 0.5172 0.5930
2027 0.7381 0.7588 0.8832
2028 1.03 1.07 1.25
2029 1.50 1.56 1.78
2030 2.15 2.22 2.68

The Graph price prediction 2025

The Graph price forecast for 2025 sets the high at $0.4256. However, in the case of a market correction, the GRT price will rest at a minimum of $0.3434 and an average of $0.3560.

The Graph price prediction 2026

The year 2026 will experience more bullish momentum. As per the Graph GRT price prediction, it will range between $0.5030 and $0.5930, with an average trading price of $0.5172.

The Graph price prediction 2027

The Graph prediction climbs even higher into 2027. According to the prediction, it will range between $0.7381 and $0.8832, with an average price of $0.7588.

The Graph GRT price prediction 2028

The analysis suggests a further acceleration in GRT’s growth by 2028. As per the GRT price prediction, the price of The Graph will range between $1.03 and $1.25, with an average of $1.07.

The Graph price prediction 2029

According to the GRT price prediction for 2029, GRT’s price will reach a maximum and minimum of $1.50 and $1.78, respectively, with a year-round average of $1.56.

GRT price prediction 2030

The Graph for 2030 suggests a price range of $2.15 and $2.68 and an average price of $2.22. This long-term prediction hinges on GRT’s rising global adoption and recognition. Demand surges as more users and systems incorporate the GRT token, increasing its value.

The Graph Market price prediction: Aalysts GRT price forecast

Platform  2024 2025 2026
Digitalcoinprice $0.38 $0.45 $0.67
Changelly $0.41 $0.39 $0.57
Gate.io $0.26 $0.28 $0.29

Cryptopolitan’s GRT price prediction

Our predictions show that GRT will achieve a high of $0.2811 in the second half of 2024. In 2025, it will range between $0.3598 and $0.4261, with an average of $0.3702. In 2030, it will range between $2.38 and $2.81, with an average price of $2.47. Note the predictions are not investment advice. Seek independent professional consultation or do your own research.

The Graph historic price sentiment





Source link

Exit mobile version