One of the easiest ways to make lots of money through cryptocurrency investing is to discover new coins with potentials and start buying in the early days. Many know this already, which is why some new coins are attracting attention regularly. But you also need to realize that not every new coin can make you rich when you invest early. You need to know the coin very well and get a picture of what it can become tomorrow before you invest.
That being said: will The Graph make you rich in ten years? For the benefit of the doubt, The Graph is a relatively new cryptocurrency that has been attracting investors recently. It doesn’t really matter how well or poorly the coin is performing at the moment, you need to consider the primary factors that can influence its feature and get a glimpse of what it can become in the next five to ten years.
Like all other cryptocurrencies on the market, The Graph has a past, a presence, and a future. Some level of understanding of these facts will help you avoid investment mistakes. If you are considering long term investment in The Graph, it is common sense that you get every important information you need about the coin.
While we are not going to offer you investment advice here, we are going to discuss exactly what you need to understand about long-term investment in The Graph. It is important that you read every part of this post carefully to get the information you need to make a sound decision and enjoy what the cryptocurrency market offers.
Content
- What Is The Graph?
- What Is The History Behind The Graph?
- What Major Problems Does The Graph Solve?
- Is The Graph (GRT) A Good Investment?
- Will The Graph Make You Rich In Ten Years?
- Price History of The Graph
- Recent Performance and Current Standing of The Graph
- The Graph (GRT) Price Prediction
- Where Will The Graph Be In The Next Ten Years?
- Weighing the Pros and Cons of Investing In The Graph (GRT)
- Should You Play The Long Term Game With The Graph?
- Are You Willing To Invest In The Graph? Do It the Smart Way
What Is The Graph?
The Graph is a decentralized protocol for indexing and querying blockchains. It is a cryptocurrency project based on Ethereum but serves as a search engine for blockchain transition. It helps developers and network participants get the data they need from a blockchain without going to a website. It saves time and money for everyone involved.
The Graph is among the first decentralized indexing and querying software. Before it was launched blockchain users depended on centralized companies for such relevant data, though everyone understands the risks involved if data could be tampered with by ill-intentioned actors along the way. With The Graph, you can be sure that you are getting accurate results at all times.
The Graph is still a very young project. However, it has attracted several important partners and many users, including established cryptocurrency platforms. Uniswap and Coingecko are prominent examples of platforms that are already using The Graph. Some of the biggest investors include Coinbase Ventures Digital Currency Group, and Multicoin.
Like other cryptocurrency projects, The Graph has a native currency that is traded as a digital asset. This native currency is also called The Graph and trades under the ticker symbol ‘GRT.’ It is an Ethereum (ERC-20) token used to power The Graph protocol. It is also the digital asset you are going to buy if you finally decide to invest in The Graph.
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What Is The History Behind The Graph?
The Graph was started by a team that comprises professionals from a number of recognized organizations like the Ethereum Foundation, OpenZeppelin, Decentraland, Orchid, and MuleSoft. The lead actors in the team were Yaniv Tal (project lead), Brandon Ramirez (research lead), and Jannis Pohlmann (tech lead).
The building of The Graph started about three years before it was launched. The project was funded by notable industry players, including Coinbase Ventures, Framework Ventures, and Digital Currency Group.
The Graph mainnet was eventually launched on 17TH December 2020. The token was launched a few months earlier through a successful ICO that saw the company raise $12,000,000. The ICO token price was $0.03 per GRT. Less than one year afterwards, the price crossed the $1 mark, and The Graph surpassed 7 billion queries.
What Major Problems Does The Graph Solve?
Before The Graph was launched, most developers had to rely on spinning up centralized servers and databases to index and query blockchains. Some were completely reliant on centralized companies to feed them with blockchain data, which is really dangerous since an intentional manipulation of data or an unintentional error could prove very costly.
With The Graph in the picture, it has become easier for everyone to access accurate data from different blockchains. The protocol eliminates the technical barriers to querying and makes the works of developers easier. By leveraging the protocol to generate accurate data, developers can build dApps with ease.
Decentralized Finance is growing at an incredible pace and there are indications that it will continue to expand and change the way we see the banking systems. The Graph has started contributing to the growth of the system by making accurate blockchain data available for everyone. This is driving innovation in the sector since it makes building dApps and executing projects easier.
Is The Graph (GRT) A Good Investment?
We’ve discussed so many good things about The Graph, as a protocol. Does that directly mean that The Graph is a good investment? Not really. There are several things to consider before declaring that a cryptocurrency is a good investment. Even big projects with big goals fail for several reasons, so you need to consider the past, the presence and the future of any asset before declaring that it is a good investment.
But before we start discussing the past, presence, and future of GRT, it is important to stress that The Graph protocol is set to remain relevant in the DeFi sector. If you believe that the future of the world’s financial systems will be decentralized, then you need to start looking at The Graph as one of the big platforms that can make you rich in years to come. It is to the blockchain industry what Google is to the internet.
As it stands, The Graph is a speculative investment. You should only buy the token if you believe that it will be worth more than what it is currently worth. In just about a year after it was launched, GRT has gained significantly. It remains to be seen what will become of it.
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Will The Graph Make You Rich In Ten Years?
It is possible for The Graph to make you rich in ten years. Actually, ten years is a lot of time - the token can make you rich in a matter of years if you are lucky. Judging by the potentials of the platform, the performance of its token, and the way the DeFi space is expanding, the future is bright.
While there are several reasons to believe that The Graph can make you rich in ten years, there are reasons to also believe that you can lose money by investing in the token. No one can accurately predict what will happen in the crypto industry in the next ten years. It is possible that a better protocol will emerge, and The Graph will be relegated.
To help you get a clearer picture of what could become of your The Graph (GRT) investment in the next decade, let us look at its past, present, and future.
Price History of The Graph
As mentioned earlier, The Graph had a successful initial coin offering last year. Specifically, it was held between the 22nd and 23rd of October 2020. The ICO token price was $0.03, and we can take that as the initial price of the token.
As hinted already, The Graph started gaining value immediately after it was launched. By December 17th, 2020, the coin was already selling for $0.120903 per token. By 21st December, it had reached $0.7497. It dropped sharply afterwards but was able to close the year at $0.37483.
By 1ST January 2021, The Graph was trading for $0.35083 per token. It dropped to about $0.2763 by January 13th. By the 19th, it had climbed back to around $0.6186. It fluctuated during the last days of January and started rising again in February. By 6TH February, GRT was trading for $0.9467 per token. By 12th February, it reached an all-time high of $2.88 before dropping to $2.25 the following day.
The price of GRT dropped significantly towards the end of February. On February 28th, it traded for $1.70 per token. March proved to be better as it rallied to $2.13 on the 10th. By 25th March, it was down to $1.38. The next time it touched the $2 was on April 17th. By April 25th, it had dipped to $1.25.
GRT fluctuated considerably in May, but towards the last week of the month, it started going down sharply. It hit $0.83 on May 22nd. It dipped further to $0.792 on June 1st. By First July, GRT traded for $0.58948. By July 21st, it was trading for a lowly $0.4963 per token.
August was a good month for The Graph as it started rising even from the very first day of the month, trading for $0.630. By August 7th, it reached $0.701. It started edging towards the $1 mark again by the end of the second week, hitting $0.924 on the 14th. By 24th August, it traded for $1.03.
Recent Performance and Current Standing of The Graph
The Graph started September 2021 at $0.857 per token. By 7th September, it reached $1.07. It fluctuated significantly throughout but was able to finish the month at $0.635. October didn't prove to be much better than September. By 24th October, the coin was trading for $0.8905. It only reached $1.08 on 27th October. Since the bearish turn in the crypto market in December, The Graph price has been trading around the $0.5.
At the time of writing this piece, GRT was trading for $0.4038 per token with a 24-hour trading volume of $79,477,760. In the past 24 hours, it has reached a low price of $0.3975 and a high price of $0.437. Its market capitalization is $1,904,131,528, making it the #55 cryptocurrency in the world. There are currently 4.72 billion GRT in circulation, which is approximately 47% of the total supply of 10 billion GRT. The maximum supply is expected to be $10,057,044,431 GRT.
The Graph (GRT) Price Prediction
Though GRT has been on the market for barely one year, many experts have predicted what the price will be in years to come. We will take a look at what a few authority prediction sites are saying about the coin.
Wallet Investor is uncharacteristically not convinced that the price of GRT will go up anytime soon. It predicts that the Graph coin will drop to about $0.120 by the end of the year. According to prediction, the coin may not reach the $1 mark again even by 2027.
Digital Coin Price disagrees with what Wallet Investor thinks of the short-term future of The Graph. Its latest prediction shows that the Graph coin can be worth around $0.51 in one year’s time. By 2023, it predicts that the coin will reach $0.62, and by 2024 it could rise to about $0.83. In the next five years (2027), the token can be worth up to $1.37.
Long Forecast is not as optimistic about the future of The Graph. It predicts that the coin can reach $0.14 before the end of December 2022. By December next year (2023), it predicts that The Graph will be worth around $0.26. The predictions also show that the coin can be worth about $0.18 by December 2025.
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Where Will The Graph Be In The Next Ten Years?
As stated earlier, ten years is a long time to estimate how far a cryptocurrency platform can go or how valuable its token can become. However, we can always expect a valuable coin to rise higher with time.
The Graph has the potentials to gain more value as networks and individuals continue to adopt it. The token. Which had a paltry ICO token price of $0.03 had previously reached $2.88 before dropping again. There is a good chance that it will break many new grounds in ten years’ time.
While it is possible for a digital coin to gain value, it is still possible to it will lose value, especially in a situation where new coins will be pushed into circulation. The Graph has only released 47% of its maximum supply into the market, and depending on how the rest is pushed into circulation, the price of the token can take a hit.
Weighing the Pros and Cons of Investing In The Graph (GRT)
There are good sides to investing in The Graph and bad sides to it too. The decentralized protocol has done something remarkable for the blockchain industry, but the current price of the token may not truly reflect the value the protocol offers.
One of the fastest ways to determine whether a particular coin is right for you is to weigh the merits and demerits of investing in it. Here, we will summarize the pros and cons of investing in GRT.
Pros of investing in the Graph:
✅ GRT is still a new coin, buying now gives you a golden opportunity to hit it big once the coin explode.
✅ The Graph is an important part of the fast-growing DeFi subsector, and most coins in the sector will become more valuable in the future.
✅ GRT is still very cheap, and you can start investing now with small capital.
✅ GRT has already gained significantly since it was launched.
✅ GRT is an Ethereum-based token.
✅ The Graph is designed for the decentralized future, and we expect that it will become even more relevant in the future.
✅ The Graph (GRT) can be staked, meaning there are ways to earn rewards other than selling your assets.
✅ The Graph has an exceptional community of investors and users – you will be joining an elite list if you invest.
Cons of investing in the Graph:
❌ The Graph is a new coin with a very little price history, it is difficult to understand its pattern in the marketplace.
❌ GRT has shown signs of extreme volatility, which can make inexperienced traders lose lots of money.
Should You Play The Long Term Game With The Graph?
Now that you understand the potential benefits and risks involved in investing in The Graph, do you feel it is the kind of coins you can buy for long-term investment?
We have stated that The Graph was created for the decentralized future. Already, it has been adopted by many, including developers and platforms in the DeFi scene. It is really an innovative protocol that will become even more valuable in the future.
If you have the stomach for the risks involved in investing in The Graph, then you should play the long-term game with the coin. The Graph can be to blockchains what Google is for the internet, and no one will reject a chance to buy Google’s shares if they were still new and cheap.
Are You Willing To Invest In The Graph? Do It the Smart Way
Making up your mind to invest in The Graph is only one piece of the puzzle. You need to be smart at every stage of cryptocurrency investing. You need to be extra careful when you want to buy any token. Take time to choose a platform that will make the experience easy and secure.
Investing smartly also means learning the cryptocurrency market and staying abreast of developments. You can take relevant courses from time to time and always read up about any move you intend to make.