Why The Graph Is Going To Explode In 2023

Learn the significant factors that drive GRT to explode in 2023

Last Updated January 5th 2023

8 Min Read

Originally launched on the Ethereum blockchain, The Graph is one of the newest cryptocurrencies that has gained massive traction from retail and institutional investors. Thanks to its innovative technology and robust protocols, GRT has seen a significant rise recently. Let us now see why analysts predict that The Graph is going to explode in 2023.

The Graph cryptocurrency helps people search and access information stored on blockchains. The asset has already positioned itself as a major attraction among its investor community. Let us learn more about this unique cryptocurrency and its features that would make GRT explode in 2023.

Looking At 2023: Is GRT Price Set For A Massive Rally?

With ongoing technological and software upgrades, The Graph holds promising growth in the future.

Both retail and institutional investor interest in cryptocurrencies has been rising since the beginning of 2021. The Graph comes in with a viable solution to several crucial issues like the development of decentralized applications (dApps) in the blockchain space. This crypto is a decentralized protocol for indexing and querying data from blockchains. Let us take a deeper look into this digital currency and its features.

#1: GRT’s Tremendous Rally

The Graph allows users to build and share open APIs that make data widely accessible. The Graph protocol has successfully positioned itself as the Google of Web 3.0 that allows users to index and query networks like Ethereum, IPFS, Celo, and Avalanche.

The Graph has been the most innovative and valuable technology in the blockchain space so far. It has ensured data indexing and security by eliminating the need for any centralized intermediaries.

Since its inception, The Graph usage has been growing at over 50% MoM. It hit over 7 billion queries in September 2020. Thanks to its positive network growth and increasing interest from investors, the GRT token reached an all-time high of $2.88 in February 2021. By overcoming all hurdles and with further developments in its network, the price of GRT is all set to hit record highs.

#2: Unique Features Of The Graph Cryptocurrency

The Graph cryptocurrency stands apart from its competitors as it strives to bring reliable decentralized public infrastructure to the mainstream market. A significant feature of The Graph network is the assurance of its speed. By offering safety with speed, The Graph has become one of the top platforms for developers and has gained trust from the masses.

By deploying The Graph network, anyone can contribute to decentralization, at the same time, create an accessible data economy. GraphQL is one of the unique features of the network that helps in performing data-oriented operations across applications by employing simple queries. As the Graph network requires a simple engineering and hardware resource for storing and operating data, there is no need to develop and maintain servers.

The GRT token is the fuel behind The Graph network. Users use the GRT token to ensure the economic security of The Graph network. GRT also ensures the integrity of the data secured within its network. Moreover, regardless of being an indexer, curator, or delegator, any user must stake GRT to perform their roles. In return, they earn fees from the network. This will drive the adoption of GRT eventually, pushing its value higher. The token can also be traded on major exchanges like Global, Coinbase, Binance, Kraken, Huobi, and many more.

#3: Ease Of Indexing Blockchain Data

The Graph cryptocurrency has introduced a seamless solution for indexing blockchain data. Before its introduction into the blockchain space, it was difficult to retrieve correct query results from blockchain data. In addition, it included some tedious and time-consuming processes like chain reorganizations, finality, or uncle blocks.

With a decentralized protocol that indexes and boosts the performance and efficiency of querying blockchain data, The Graph network has introduced an innovative solution for the issue.

#4: Why is GRT Going To Explode In 2023?: Expert Predictions

Analysts and crypto enthusiasts see substantial future potential for the GRT token. Here are some of the predictions.

The News Crypto:

“Based on our GRT price predictions, the coin price will continue to rise, and in the near future, it will surpass its all-time high price ever. It may reach $2.17 soon, and it might even reach high heights, however, reaching $3.5 if investors have planned that GRT is a profitable investment in 2021.”

Digital Coin Price:

“The GRT price is expected to grow significantly in six years, showing a bullish GRT price prediction, say by 2026, the GRT price should have a clear rally around $0.75, making it a profitable investment. For the crypto and blockchain industry as a whole, this bullish trend would be a landslide victory as much as for the GRT ecosystem.”

Check Out: The 5 Best Ways To Buy The Graph (GRT)

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The Graph - Major Partnerships And Features

Thanks to its use cases and numerous coalitions, GRT would likely explode in 2023.

A Viable Solution To Issues With dApps

The Graph has gained colossal traction lately because of its significant role in Web 3.0. The network has emerged as a major leader in offering high fluidity and scalability to several decentralized applications by acting as a middle layer.

Earlier, developers had to compromise either efficiency or software decentralization while creating dApps. Therefore, the blockchain apps were not able to achieve proper balance. However, The Graph network has brought in a viable solution for enhancing the process of dApp creation.

It creates a global API called subgraphs that developers deploy to simplify their activities. Anyone can query these subgraphs by using GraphQL without compromising decentralization. By using smart contracts and adding data to the Ethereum blockchain, The Graph enhances dApps. This is one of the many reasons why GRT is one of the top cryptocurrencies to buy now.

Moreover, the network has also introduced a Web 3 protocol stack that helps in bringing maximum scale in decentralization. This will eventually create new waves in the development of dApps globally.

The Graph Protocol’s Integration With Polygon Network

Earlier this year, the Graph protocol entered into a significant partnership by integrating with Polygon’s ecosystem and choosing it as the basis for a new billing system. By building this unique billing technology on Polygon, querying data through The Graph has become more seamless. This will eventually fuel the development of new dApps by reducing the extra costs.

By enhancing its network abilities, The Graph protocol has positioned itself as the Google of Web3.0. Moreover, the protocol has also unlocked the supposed ‘blue-chip’ status among Web 3.0 products with the coalition.

Partnership With NEAR Blockchain

The Graph network has partnered with NEAR in February 2021 to bring indexing and querying to the NEAR blockchain. The coalition will allow developers to seamlessly build powerful applications on NEAR, using The Graph protocol. This integration will also help The Graph network in accelerating the project’s goal of growing overall Web 3 development and helping developers build interoperable applications. The network will eventually see more adoption rates, pushing the price of GRT to record highs.

Illia Polosukhin, The Co-Founder of NEAR, said, “NEAR is excited to work with The Graph ecosystem. The Graph Protocol provides the essential infrastructure for developers to build and query required representations of blockchain data. Tools like The Graph empower NEAR developers to build decentralized applications faster, which will attract more builders and users to the Open Web.

The Graph To Integrate With Arweave

The Graph Foundation has recently announced its plans to integrate with the leading decentralized protocol, Arweave. It allows users to store data permanently and sustainably for a one-time upfront fee. With this integration, subgraphs of The Graph protocol can read data stored on the Arweave protocol, enabling quicker and more efficient access. Furthermore, it will help Arweave decentralize its gateway and add an incentive layer for the actual data retrieval by utilizing The Graph’s economics and query fee system.

Moreover, the integration will allow The Graph protocol to better support dApps building in the booming NFT sector.

Why The Graph Is Going To Explode In 2023?

The Graph is one of the fastest-growing cryptocurrencies in the market today.

The GRT token has grown in leaps and bounds since its inception within a very short span. Several catalysts have taken the price of GRT to greater heights this year. Moreover, with the expansion of its protocol to Bitcoin and other cryptocurrencies, along with further software developments, The Graph could likely explode this year, making GRT a good buy now.

What makes The Graph one of the best innovative cryptocurrencies to buy now is its ability to solve real-world problems by decentralizing and retrieving part of the blockchain data. Therefore, the crypto is slowly dominating the indexing space and has already become the preferred solution for building dApps and products on Ethereum and IPF.

Moreover, GRT’s indexing protocol has become a crucial component of the global decentralized finance (DeFi) infrastructure, which would raise the value of GRT significantly in the coming years.

The Bottomline

The team behind The Graph network started its journey in 2017 by launching the first blockchain-based prototype. To get even closer to its goal, the Graph launched its mainnet in 2020 with a decentralized query protocol for accessing data of blockchain and storage networks. With further developments and enhancements, the cryptocurrency would become the best tool for developers. Considering all these factors, we can say that The Graph could likely explode in 2023 and beyond.