Will GRT token prices ever reach $100 in 10 years?
Well, different forecasters maintain highly divergent views about The Graph’s price direction for the next 10 years. The majority expect it to grow by more than 1000% to reach $10 and only a handful are confident that it could rally by more than 8650% to break above $35 in 2030.
There have also been pockets of discussions on such social media platforms as Twitter, Reddit, and Quora, where different analysts and investors argue the case for or against GRT reaching $100. While the majority do not feel like it can hit this target price in the next 10 years, if the current crypto market conditions prevail, they indicate that it will eventually get here in the long run.
On The Graph subreddit, for instance, a lot of Redditors have expressed confidence in GRT token prices eventually getting to $100 in line with increased usage over time. They believe the ERC-20 to be a diamond in the rough and are confident that it will rebound, break above the current all-time high soon, and set course for $100 in the next few years.
But just how high do different forecasters believe GRT token prices will get in the next 10 years?
The Graph (GRT) Price Prediction For 2030 - 2031
The Graph has over time been referred to as the “Google of Blockchains” in appreciation of the impact it poses for the crypto-verse and also as a depiction of its massive potential for growth. This potential was first evidenced by the fact that in its first 4 months of active trading, GRT token prices rallied by more than 9600%, jumping from the ICO price of $0.03 in October 2020 to the altcoin’s current ATH on 12th February 2021.
Most of the forecasters that we have interacted with so far are confident that GRT will eventually resume this price rally and break more price records over the next 10 years. They particularly feel that GRT will likely be trading between $1.81 and $35 in 2031.
CoinPriceForecast - a historically conservative price prediction website - indicates that GRT token prices will continue rising throughout this decade. But their analysis shows a rather marginal gain in GRT token prices over the years as it expects the altcoin to sell for $1.81 by the end of 2030 and to reach $1.71 by the end of 2031.
Fundamental analysts at Economy Watch are also confident that The Graph token prices will continue rising for the next few years. But they are quick to add that GRT’s prices will only rise as high as its adoption allows.
This implies that if The Graph’s indexing protocol is quickly taken up in the Ethereum network and eventually permeates into other popular blockchains like Bitcoin, GRT token prices will break into a run - and vice versa.
But if the moderate adoption and slow progress towards launching on other blockchains persist, they can only see GRT getting to $3 in the next four years and rising to $6 in 2030.
ICOCreed, like many other technical analysis platforms, indicates that GRT will have a slow but progressive run for the next few years that takes it to $6 within the next 5 years. But with increased adoption of the indexing protocol and a growing community, it will gather pace in the last half of the decade and end the year 2030, trading between $24 and $30.
Yet another technical analysis platform - PricePrediction.Net - shares these sentiments and indicates that The Graph will have a slow start but will eventually break out in the last half of this decade. Over the next 5 years, their analysis indicates that GRT will only gain 700% to reach $7. Its growth rate will then pick the pace and push it above $31.55 in 2030.
CryptocurrencyPricePrediction, doesn’t, however, share in these technical analysts’ views of GRT’s future price performance. Their analysis indicates that GRT will resume its early 2021 price rally in the last quarter of 2022 when it rises above $1.85. It then indicates that GRT will proceed to break above $10 after 2025 before soldiering on and hitting $23 by December 2030.
Now that you have an idea of how high GRT token prices can reach in the next 10 years, it is important to understand the price drivers that experts believe will get it here.
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Factors That Will Determine The Price Of The Graph (GRT) In 10 Years
Both the fundamental and technical analysts can’t seem to agree on how high token prices will grow in the next 10 years. But they are all convinced that it will be worth much more in 2030 than it is today and also agree on the factors that they believe will influence this uptrend. Here are a few of these factors and the impact they are expected to have on GRT prices:
Embrace of the Indexing protocol: The speed with which The Graph indexing protocol is adopted within the Ethereum blockchain and how fast it launches on other blockchains with play a crucial role in determining GRT prices for the next 10 years. If it can dominate the crypto-verse and become the de facto “Google of blockchains,” there will be an untamed demand for GRT tokens, which in effect catapults its price to unprecedented levels over the next few years.
DeFi and dApp activity: The Graph’s future price action will also be strongly correlated to the growth rates for DeFi, dApps, and NFT niches. The sooner these niches explode, the sooner GRT tokens blow. This argument is informed by the fact that DeFi, dApps, and NFT niches are the target markets for The Graph indexing protocol, and their explosion will send the demand and price of GRT tokens skyrocketing.
Crypto market direction: When the crypto market rallied in early 2021, GRT token prices followed suit and set the current all-time high of $2.88. The altcoin prices then dipped below $1 when the crypto market crashed in May. It would trade in this low-price region for months and only started rallying when the crypto market started recovering in the last quarter of 2021. For the next 10 years and beyond, analysts expect the altcoin prices to continue mimicking the overall crypto industry trends.
Blockchain technology adoption: The speed with which blockchain technology is embraced across the world will also have a huge impact on GRT token prices. Faster global adoption would mean the rise in demand for blockchain technologies like DeFi and dApps that use The Graph indexing protocol. This creates demand for the GRT tokens, which in turn spurs its value gain.
Will The Graph (GRT) Ever Reach $100?
It is highly likely that The Graph token prices will eventually rise and break above $100 - in the long run. But to get here, a few conditions must be met, key among them being the adoption of blockchain across the world and the embrace of the protocol in the crypto-verse.
In fact, optimistic forecasters had - earlier in the year - predicted that GRT token prices would appreciate by the 24900% need to get it to $100 in the next 10 years. But after considering the altcoin’s indeterminate price performance throughout 2021 and shaky crypto market conditions, they have adjusted their forecast and can only see the altcoin getting to this target price after 2031.
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Conclusion: What Will The Graph (GRT) Be Worth In 10 Years?
The truth is, no one can accurately predict what GRT will be worth in the next 10 years. But using technical and fundamental analysis of both the altcoin’s past price action and expected performance in the future, different analysts have concluded that GRT token prices will continue rising and that the ERC-20 token will most likely be selling for between $1.8 and $35 in the next 10 years.
Some of the factors that these analysts believe will influence GRT token prices throughout this period include the adoption of The Graph indexing protocol, the growth rate for DeFi and dApps, as well as the overall crypto market performance.
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