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The Graph GRT Price Prediction Analysis 2021 $56 USD - "the Google of Web3"

The Graph GRT Price Prediction Analysis 2021 $56 USD 

- "the Google of Web3"

What is The Graph (GRT) token? 

The Graph is an indexing protocol and global API for organizing blockchain data and making it easily accessible with GraphQL. Developers can use Graph Explorer to search, find, and publish all the public data they need to build decentralized applications. The Graph Network makes it possible to build serverless dApps that run entirely on public infrastructure.

Who created The Graph?

The Graph was founded by Yaniv Tal (Project Lead), Jannis Pohlman (Tech Lead), and Brandom Ramirez (Research Lead)

What does The Graph do and How Does it Work?

Developers can define a subgraph which specifies how blockchain data are structured to be consumed by app and dapp developers. App and dapp developers can query The Graph network using the subgraph schema with GraphQL which are paid in The Graph token (GRT). These data are served by indexers who act as nodes, incentivized with GRT tokens to ensure that the API is always available in a decentralized manner and data are served correctly. As there can be many subgraphs out there, curators are tasked to find the subgraphs that are most useful to developers. Curators are also incentivized with GRT tokens to find the best subgraph that others would find useful.

What is the Use Case for The Graph and Who would Use it?

The Graph is already being widely used by a good number of companies. which includes data for Uniswap, Balancer, Curve, Aave, Moloch DAO, Compound, and more. Apps and dapps that are using The Graph includes CoinGecko, Uniswap Info, Decentraland, Synthetix, Aragon, and more.

What is the Token for The Graph? What is the Graph Token (GRT)?

GRT is the native token of the network that’s used to coordinate work. GRT is an ERC20 token. Node operators, called Indexers, stake and earn GRT for processing queries. Anyone can delegate GRT to Indexers to secure the network and earn rewards. Curators organize data on The Graph by signaling GRT on useful APIs, called subgraphs. Indexers, Delegators, and Curators work together to organize the data for the crypto economy and maintain a useful global API for DeFi and Web3.

How Much will The Graph Token (GRT) be worth in 2021? What is the Price Prediction? How much will it cost in the future?

The Graph Token (GRT) came out in an orchestrated manner and was listed on most of the popular exchanges on December 17, 2020. The starting price was around $0.10 to $0.13. Within 24 hours the price doubled (100% increase) to roughly $0.24. Within 48 hours of the listing, the price hit a new all time high of $0.50. Estimated 500% increase from the initial price when it was first listed on the exchanges. 

Within 36 hours of being listed, The Graph Token (GRT) reached #44 on CoinGecko and CoinMarketCap. At the time of writing, GRT is currently at $0.63. 

The Price Prediction for GRT for Q1 2021 is $3.30 (range: $1.01 to $5.60)

Analysis for Price Prediction

Presale Price = $0.03 ($12M/400M tokens) coindesk

Filecoin (FIL) has many similarities to The Graph (GRT), so for the purposes of this analysis, we are using it as a price comparison. 

Filecoin (FIL)The Graph (GRT)Adjusted Price Valuations:
Current Price:$28Current Price:$0.63
Market Cap:$1,269,809,975Market Cap:$783,964,373Adjusted GRT Price (Based on Market Cap):$17.29
Fully Diluted Valuation:$56,962,324,456Fully Diluted Valuation:$6,399,712,105Adjusted GRT Price (Based on FD Valuation):$3.15
Circulating Supply:44,000,000Circulating Supply:1,224,999,438Adjusted GRT Price (Based on Cir Supply):$1.01
Max Supply:2,000,000,000Max Supply:10,000,000,000Adjusted GRT Price (Based on Max Supply):$5.60
Average Adjusted GRT Price (Cir & Max):$3.30

2021 is going to be a massive year for Crypto. I believe The Graph (GRT) will benefit massively from this upcoming bull run. Which should catapult the price by 10x. So my price prediction by the end of 2021 for GRT is $56. Perhaps the price may never reach this range, or it may exceed it. 

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