In this article, we’ll learn about Graph, it’s price history & price prediction. We’ll also discuss if investing in Graph is a good idea for 2024 & beyond?
What is the Graph?
The Graph is a decentralized framework for indexing and searching data from blockchains, starting with Ethereum. It makes it possible to query data that is challenging to query directly.
With a decentralized system that indexes blockchain data and makes it possible for fast and effective querying, The Graph offers a solution to this problem.
Using a typical GraphQLAPI, these APIs (indexed “subgraphs“) can be queried. Today, a decentralized protocol and a hosted service both have the same capabilities. The open source Graph Node implementation supports both.
How The Graph Works?
Based on subgraph manifests, sometimes referred to as subgraph descriptions, the Graph learns what and how to index Ethereum data. The subgraph description outlines the smart contracts that are relevant to a certain subgraph, the events within those contracts that need to be monitored, and how to translate event data to information that The Graph will store in its database.
After creating a subgraph manifest, you instruct the indexer to begin indexing data for that subgraph and store the definition in IPFS using the Graph CLI.
This figure, which deals with Ethereum transactions, provides extra information about the data flow after a subgraph manifest has been deployed:
Network Overview
A decentralized indexing technique for organizing blockchaindata is called the Graph Network. Applications utilize GraphQLto get data that has been indexed on the network using open APIs called subgraphs. Developers can create serverlessapplications using The Graph that rely solely on open source hardware.
Overview
The Graph Network is made up of Indexers, Curators and Delegators that provide services to the network, and serve data to Web3 applications. The data is consumed by users of the applications.
Participants stake and use Graph Tokens to guarantee the financial security of The Graph Network and the accuracy of the data being searched (GRT).
GRT is a work token that is an ERC-20 on the Ethereum blockchain and is utilized to distribute resources inside the network. Active Indexers, Curators, and Delegators can offer services and get payment from the network in proportion to the amount of labor they do and the quantity of GRT they own.
Indexing
Indexers are node operators in The Graph Network who stake Graph Tokens (GRT) to offer indexing and query processing services. For their services, indexers are compensated with query fees and indexing bonuses. In accordance with the Cobb-Douglas Rebate Function, they also get money from a Rebate Pool that is distributed to all network contributors in proportion to their contribution.
GRT that is staked in the protocol is subject to a thawing period and can be sliced if Indexers are malevolent and deliver false data to applications or if they index poorly. In exchange for their contributions to the network, delegators grant indexers rewards for their stakes.
Indexers decide which subgraphs to index depending on the curation signal of the subgraph. Curators stake GRT to identify which subgraphs are high-quality and should be prioritized. Additionally, users (such as applications) can specify the conditions under which Indexers perform searches for their subgraphs and their preferences for query cost pricing.
Delegating
Delegators are members of the network who assign (or “stake”) GRT to a single or several Indexers. Delegators assist in network security without operating a Graph Node themselves.
Delegators gain access to an Indexer’s query costs and incentives in exchange for delegation. The number of queries that an Indexer may process depends on their personal (and delegated) stake as well as the cost that they charge for each query. Consequently, the more stake that is granted to an Indexer, the more possible requests they may be able to process.
Curating
The decentralized economy of the Graph depends on curators. They evaluate and provide signals on the subgraphs that The Graph Network should index using their understanding of the web3 environment. Curators can view network data using the Explorer to make signaling judgments. The Graph Network pays curators a portion of the query fees that good quality subgraphscreate as compensation for their signals. Curators have financial incentives to provide out early signals. Indexers can analyze or index the data from these signaled subgraphs using these cues from curators.
Curators have the option to use auto-migrate or signal on a certain version of the subparagraph while doing so. A curator’s shares are always updated to the most recent version made available by the developer when signaling utilizing auto-migrate. Shares will always remain on this particular version if you opt to signal on it.
Developing
The Graph ecosystem’s developers are its demand side. The Graph Network is the destination for subgraphs that developers create. In order to fuel their applications, they subsequently perform GraphQL queries on live subgraphs.
Why Should You Use the Graph Network?
Here are some reasons why you should use the Graph:
- 60-98% less expensive each month
- Infrastructure setup expenses are zero.
- Greater uptime
- Utilization of 224 Indexers (and counting)
- Worldwide community provides technical support round-the-clock
Graph (GRT) Price History
Graph coin entered the market at $0.2599 in December 2020. The token price began to rise rapidly over time and peaked on February 12, 2021, at $2.3465. On June 21, 2021, the coin’s price fell to $0.5063 before beginning to partially recover in the months that followed.
On January 24, 2022, the price fell to a low of $0.3594. On June 19, 2022, it struck a new low of $0.090054 as a result of more losses. Then, on July 13, 2022, GRT experienced a new record low of $0.086. Since these lows, some impetus has been regained but then it again experienced a fall. It was valued at $0.0558 as on 31st Dec 2022
As of 3rd September, GRT is trading on $0.1441, with a marketcap of $1,376,900,475.
GRT Price Prediction 2024
GRT Price Prediction 2025
GRT Price Prediction 2026
| When | Maximum Price | Minimum Price |
| January 2026 | $0.220 | $0.178 |
| February 2026 | $0.242 | $0.173 |
| March 2026 | $0.270 | $0.188 |
| April 2026 | $0.264 | $0.189 |
| May 2026 | $0.291 | $0.234 |
| June 2026 | $0.264 | $0.189 |
| July 2026 | $0.218 | $0.176 |
| August 2026 | $0.199 | $0.142 |
| September 2026 | $0.248 | $0.200 |
| October 2026 | $0.310 | $0.222 |
| November 2026 | $0.341 | $0.275 |
| December 2026 | $0.382 | $0.273 |
Graph (GRT) Price Prediction in INR
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FAQs
Will The Graph go up?
The future of the GRT coin is uncertain; it may increase or decrease. But it’s important to always keep in mind that forecasts, particularly long-term ones, should be treated as indicators rather than as absolutes.
Is the Graph a DeFi coin?
In DeFi infrastructure, the GRT is a critical element. The project’s hosted service makes it easier to build and publish Apps. Even though it doesn’t integrate with other crypto currencies, it is one of the budding crypto listed on crypto exchanges in the DeFi market.
What is Graph price prediction for the year 2025?
The maximum GRT price prediction for 2025 is expected to reach $0.224.
What is Graph price prediction for the year 2030?
Graph is expected to trade in a range between $0.698 to $1.315 in 2030.
Is Graph a good investment for 2024 & beyond?
The Graph is one of the best AI cryptocurrencies with highest marketcap. It has a healthy market valuation, and there are a number of intriguing projects that are either just getting started or are still in the works.
Never forget that investing in cryptocurrencies are extremely volatile. Do your own research and try to stay current on any changes to the the Graph ecosystem.
It’s crucial never to risk more than you can afford to lose while making investments.
