The GRAPH Price Prediction – Will GRT Price Hit $3 in 2022?

This The Graph (GRT) Price Prediction article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our GRT price analysis and prediction.

The crypto industry continues to revolutionize its technology to stay competitive against its competitors. Despite this market decline due to the pandemic, the volume of cryptocurrencies still increases every day. One of them is The Graph (GRT) cryptocurrency. Investors in GRT in the past 30 days had received a 14.1% return of investment (ROI).

GRT is one of the promising cryptos that technology allows DApps and other blockchains to interact together seamlessly. A few days after its launch, the platform partnered with different exchanges in the crypto world. This wide exposure of GRT tokens to different exchanges triggers the mass adoption of the tokens. As a result, the trading volume of the token boosted to over $3 billion after 48 hours of its launch. A fund raiding led by Tiger Global Management, helped The Graph to raise $50 million in June 2021.

Now that we’ve seen some of the achievements of GRT, would this crypto be a profitable investment in 2022? Let’s check it out in this CoinQuora The Graph (GRT) price analysis and price prediction 2022. But before anything else, let us first understand ‘what is The Graph (GRT)?

What Is The Graph (GRT)?

The Graph (GRT) is an ERC20 token that runs on the Ethereum blockchain. It is founded by a group of developers from the Ethereum Foundation, OpenZeppelin, and Decentraland, to name some.

These teams of experts have professional experience in blockchain engineering. As for their latest project, the team aims to build immutable APIs and data access. Hence, The Graph cryptocurrency was born.

GRT technology focuses on the indexing and querying of data from blockchains. It supports indexing data from Ethereum, Interplanetary File System (IPFS), and POA technologies. Today, the GRT protocol has been deployed for different kinds of DApps such as Uniswap, Synthetic, AAVE, and more.

The Graph has support from countries such as the EU, UK, and other Asian countries. Consequently, more traders can participate and enjoy GRT trading in their respective countries.

Now that we are aware of what is GRT, let us head to our GRT market analysis and price prediction.

The Graph (GRT) Current Market Status

According to CoinMarketCap, GRT trades at $0.117 with a 24-hour trading volume of $85,751,153, as of the time of writing this GRT price analysis. The price of GRT has increased by 7.52% in the last 24 hours.

Furthermore, GRT has a current circulating supply of 6.90 B GRT. Currently, the top cryptocurrency exchanges for GRT are Binance, OKEx, Upbit, Gate.io, Kucoin, FTX, and CoinTiger Exchange.

Now, let’s proceed to the next part of this GRT technical analysis for 2022.

The Graph (GRT) Price Analysis 2022

Currently, GRT holds 59th place on CoinMarketCap. But will the latest upgrades, development, and changes in the GRT blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this GRT price prediction article.

Keltner channel is a technical analysis indicator that is used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for The Graph (GRT), it could be seen that the present uptrend could continue since the last candlestick is within the first half of curve from the top. This shows that the present increase in the price of GRT might be sustained for some days before any reversal would be expected.

The Relative Strength Index (RSI) measures the relative momentum in the magnitude of recent price changes so as to deduce oversold or overbought assets. The RSI value of the 1Day chart is 59.67.  This shows that GRT is showing a strong trend since its RSI lies between 50 and 70. This value can trigger a bullish or bearish run if investors reposition themselves either towards the buyers or sellers.

From the chart above, the 200-MA is above the 100-MA which means that long-term investors would gain. However, since the gap between the two moving averages is wide and both moving averages are above the recently formed candlesticks, the price of the coin might continue to increase.

The Graph (GRT) Price Prediction 2022

The chart below shows that GRT has performed negatively over the past few days by gaining 21.9% in the past 14 days. Moreover, the GRT price shows a bullish trend. If this trend reverses, GRT might run along with the bears, breaking its $0.0789 support level and moving lower.

Conversely, if the investors increase their buying pressure, the bulls might take over and push GRT higher from its uptrend position. In simpler terms, the price of GRT might surge to almost $0.1450 at the resistance1 level, and move higher to $1.2399 at the resistance11 level, the 2022 bullish signal.

Meanwhile, our long-term GRT price prediction for 2022 is bullish. It has a high possibility of reaching new heights. However, that will only happen if it breaks many past psychological resistances.

If this bearish trend reverses, GRT will reach $1.2399 by the end of 2022. Moreover, in July 2022, GRT is going to show fast growth, up to $0.1450. Then this rise will slow down, but no major falls are expected. With upcoming, partnerships, and developments reaching $3 is quite optimistic in the price point of view but undoubtedly feasible for the near future.

The Graph (GRT) Price Prediction 2023

If GRT holds the support level around 200-MA, the long-term moving average of 200 days firmly, buyers will then have ample time and stability to forge the next attack mission on the vital level at $4.5, making it not plummet but play consistently.

The Graph (GRT) Price Prediction 2024

As per the latest upgrades, developments, GRT price prediction, and new project forecasts of the platform, GRT investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of GRT in the crypto market, and it will be the best investment as the price can spike and reach around $7.

The Graph (GRT) Price Prediction 2025

In the next four years, GRT prices could race up to $12. However, reaching this level could not be so difficult for GRT as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that GRT has a high possibility of reaching a new ATH soon in the next five years as per the prediction.

The Graph (GRT) Price Prediction 2026

Since there has been an increase in cryptocurrency awareness, by 2026, the price of GRT could reach $20.

The Graph (GRT) Price Prediction 2027

As per the latest upgrades, developments, GRT price prediction, and new project forecasts of the platform, GRT investors could expect many partnerships and integrations around 2027. Moreover, this might boost the price of GRT in the crypto market, and it will be the best investment as the price can spike and reach around $40.

The Graph (GRT) Price Prediction 2028

In the next six years, GRT prices could race up to $80. However, reaching this level could not be so difficult for GRT as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that GRT has a high possibility of reaching a new ATH soon in the next six years as per the prediction.

The Graph (GRT) Price Prediction 2029

As per the latest upgrades, developments, GRT price prediction, and new project forecasts of the platform, GRT investors could expect many partnerships and integrations around 2029. Moreover, this might boost the price of GRT in the crypto market, and it will be the best investment as the price can spike and reach around $80.

The Graph (GRT) Price Prediction 2030

In the next eight years, GRT prices could race up to $100. However, reaching this level could not be so difficult for GRT as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that GRT has a high possibility of reaching a new ATH soon in the next eight years as per the prediction.

Conclusion

GRT has a bright future ahead of it in 2022. With the ongoing developments happening within the GRT ecosystem, as well as in the overall crypto market, we may see GRT reach new heights.

Bullish GRT price prediction 2022 is between $0.1450 and $1.2399. As said above, it may even reach its new ATH if investors have decided that GRT is a good investment in 2022, along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.

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