The Graph forecast

 

The Graph Coin (GRT) 

For the right investment, a fundamental analysis of the asset is urgently needed these days. We live in a time of globalization. Data and information can be spread all over the world in a matter of seconds via the Internet.

The reach of such messages can lead to extreme hype on the one hand, but also to regression or even to the complete demise of an asset or institution or similar on the other. The scope of analytical data or information is therefore very large.

It is all the more important to know and use reliable news sources and data analysis platforms. The Graph Coin has specialized in one of these areas . The Graph acts as a platform on which interfaces can be created in the Web3 to simplify the analysis of data.

The founding trio, who have already made a name for themselves in the crypto space, have been working on the development of the ERC-20 token since 2018. The individuals are Yaniv Tal, the CEO in charge of management, Research and Development Officer Brandon Ramirez and API (digital interface) specialist Jannis Pohlmann.

The Graph's ICO took place in October 2020. Around 12 million dollars could be collected here. In addition to the ICO, in which users could invest in the GRT token before the project was launched, private financing was sought. The concept convinced well-known venture capitalists such as Coinbase Ventures and Multicoin Capital, which financed the project with a further 7.5 million dollars. The official launch followed in December.

At the time, Kyle Samin, Managing Partner of Multicoin, stated:

Over the past two and a half years, The Graph has become the gold standard for indexing and querying data from Ethereum and IFPS.

GraphQL as the main player in the ecosystem

As mentioned above, The Graph has specialized in offering interfaces in Web3. In concrete terms, GRT offers a decentralized interface in order to be able to query blockchain data independently of a central instance.

This interface is called subgraph in the GRT ecosystem. Websites and dApps can access these subgraphs via GraphQL, the heart of the project, and thus retrieve the appropriate data connected to the interface.

Let's look at this again with an example for the sake of simplicity. There is even a well-known example that everyone interested in crypto knows – Etherescan. The platform uses a subgraph to display a wide variety of information from blocks and the associated transactions to the current market data of the Ethereum network. For this purpose, it was only necessary to specify beforehand in the subgraph which data should be retrieved and which should not be retrieved.

The Graph Coin Prognose

Each developer has the opportunity to create their own subgraph on the platform, perfectly adapted to their needs. The smooth operation and safety of the system is carried out by the following six operators:

Consumer

"Consumers" in German are the dApps or websites that access the subgraphs in order to be able to display the relevant data in a bundled and always up-to-date manner. In addition to Etherscan, this also includes Coingecko, Aave, Decentraland and many others. Consumers pay a fee in GRT to indexers to use the interface

Indexer

The nodes represent the indexers. Only node operators can be an indexer. GRT must be staked for this. To keep the data available, indexers are rewarded in the form of GRT.

Curator

The curator's job is to decide whether a source is trustworthy or not. This information is then forwarded to the indexers by backing the selected subgraphs with GRT. The curators receive a share of the fees for this task.

Delegator

This operator increases the security of the system. Delegators can deposit GRT with indexers in order to be able to earn from the income of the indexers without a node. The security in the system is strengthened by the larger sum that the indexers then have. (Proof of Stake)

Fisherman

The fishermen check the requests and the correctness of the answers that follow.

Arbitrator

This operator, in turn, serves to ensure the security of the system. The arbitrator decides whether an indexer is benign or malicious.

Similarity to Chainlink

Anyone who is somewhat versed in the crypto area has already noticed that the system is an oracle. An oracle is responsible for exchanging data between a blockchain and an external data store.

Here, The Graph has a big competitor in Chainlink - one might think. While The Graph only deals with data transmissions from decentralized storage servers such as the blockchain, Chainlink also targets central data.

For this reason, the two projects have no direct competition, on the contrary, the two projects even work together. Other major technical collaborations by The Graph include Ethereum and Binance *.

The Graph forecast from experts

In the following section we have summarized the The Graph forecasts from well-known analysts for you so that you can get a long-term picture of the expectations of The Graph Coin.

PricePrediction

The analysts at PricePrediction expect the price to increase to up to $0.19 by the end of this year. They see such tremendous potential that they estimate the price at $4.10 by 2030.

The Graph forecast by StormGain experts sees the price of The Graph Coin rising to $0.225 by the end of 2022. It is projected to be worth $0.41 by 2025.

Capital's algorithms are less optimistic about the price development of the Graph Coin. The algorithm calculated an increase in value to USD 0.22.

When looking at The Graph forecast by the experts from CoinPriceForecast, you can also see a rather moderate growth of the token. A price increase to USD 0.17 is expected by the end of the year. In 2030, the course should stand at USD 0.52.

The Graph (GRT) is still in a clearly visible downtrend. This continues to be confirmed with declining volume, lower highs and lower lows.

Right now we're trading at around $0.09. Most recently, we were rejected at the 200-SMA (last 200 moving averages/purple). This resistance is crucial for an uptrend.

So we can summarize in the short term, as long as we don't break through this, we are still in a downtrend and have to expect lower prices.

However, on the daily chart, a bullish divergence is slowly but surely building up in the RSI. This could ensure the final trend reversal if the above-mentioned 200-SMA breaks out.

However, for this move we also need a strongly increasing trading volume. This is also in short supply on the larger timeframes and needs to increase significantly for a breakout.

The chances of a final dip in the $0.08 area are significantly higher. Here we could get the necessary liquidity for a trend reversal.

At the end of this The Graph forecast I give my personal opinion about the supposed development of the GRT coin. With its platform, The Graph has created a decentralized way to easily transfer data from the blockchain to other decentralized applications. The decentralized aspect should be emphasized here, since no central authority can make changes to the data and the correctness is guaranteed by the system.

We are moving strongly towards Web3. In my opinion, the future will provide us with many innovations. But no matter which area I envision in this direction, safe and secure data transmission is of enormous importance for everyone. Since well-known government institutions such as Homeland Security and the US Department of Defense have already entered into partnerships with The Graph, I can imagine that partnerships will be further expanded and the project will continue to gain popularity and market capitalization.