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The Graph is on the up today, up 16% in value

 


The live graph price today is $0.42 with a 24-hour trading volume of $485.7 million. The 52nd largest coin by market cap has seen an extended rally.


What is The Graph?

The Graph is a data querying indexing protocol for networks like Ethereum and IPFS that supports many applications in both DeFi and the broader Web3 ecosystem.


Anyone can create and publish open APIs called subgraphs that applications can query using GraphQL to retrieve blockchain data.


There is a hosted service in production that will make it easy for developers to start building The Graph, and the decentralized network will launch later this year.


The Graph currently supports indexing data from Ethereum, IPFS and POA, with more networks coming soon.


The graph allows querying large datasets and helps developers simplify their coding process. It has three main products: Subgraph Studio, Graph Explorer and Hosted Services.


The Graph price has recently recovered, which may be due to the ongoing migration to its platform. Graph developers are finding that many Ethereum creators are embracing its network.


Should I buy The Graph today?

Nothing can replace your own research. Any investment decision you make should be based on your knowledge of the market, your risk appetite and the characteristics and diversification of your portfolio. Also consider how you would feel if you lost money.

Analysts are divided on The Graph. Wallet Investor thinks The Graph is a bad one-year investment option. Its price is said not to increase, resulting in an investment being devalued in the future.


The News Crypto couldn't agree less. They predict that the price will soon reach $3.5 USD already this year, making it a very profitable investment.

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