- Bullish GRT price prediction forecast 2021 and 2022 is from $2.17 to $4.
- Bearish The Graph price prediction forecast 2021 is $1.11.
|Cryptocurrency||The Graph (GRT)|
|All-Time High||$2.84 -50.0% Feb 12, 2021|
|All-Time Low||$0.103254 Dec 17, 2020|
The crypto world is on fire as it continues to boost its market position despite the economic chaos. As a result, more investors around the world are now getting interested in the technology that the blockchain and crypto world brings.
The Graph (GRT) cryptocurrency is one of the busiest digital assets in the crypto world lately. In fact, the network recently launched its thegraph.academy. This academy is created for educational content, and an open-source library of resources for developers and network participants.
Is The Graph a good crypto to invest in this year? Let’s check it out in this CryptoNewsLand prediction and analysis article. But before anything else, let us know more about the technology and features of GRT.
What Is The Graph (GRT)?
GRT is a cryptocurrency based on blockchain technology. It is an indexing protocol that is designed for querying networks such as Ethereum and IPFS. In addition, all users of the network can build and publish open APIs like subgraphs which make data easy and accessible.
In terms of technology, GRT enables all the data stored and processed on open networks to have verifiable integrity. With this, querying data on the GRT network is made faster, reliable, and secured.
The Graph (GRT) Market Position
In terms of market standing, GRT market capitalization amounts to almost $2 billion. It has an estimated 24-hour trading volume of over $330 million. Furthermore, GRT has a circulating supply of 10 billion GRT tokens.
For traders and investors that are interested in the GRT token, the crypto is available at several exchanges. Specifically, GRT can be purchased, bought, and sold to exchanges such as Binance, Coinbase Pro, and Digifinex.
Now that we already have an idea about GRT cryptocurrency, do you think GRT is a profitable investment from 2021 to 2022? Are you interested already? Therefore, come and join me in this CryptoNewsLand’s GRT price prediction 2021 – 2022 and GRT price analysis article.
The Graph Price Analysis 2021
GRT is one of the most active digital assets in the crypto space. In fact, GRT ranks as one of the top 100 cryptos in CoinGecko in terms of market capitalization.
Do you think this is enough to make GRT a profitable crypto this year? Let’s take a closer look at the GRT Fibonacci Retracement chart.
The graph above displays the uptrend position of the crypto in the past months of the year. Specifically, the current trading price of the crypto positions itself above the Fibonacci golden ratio level (.618), a bullish position.
If GRT maintains this position, it might have a chance to climb above the Fibonacci level .5 and regain its $2.17 bullish position. Best of all, the crypto might even smash its $2.67 resistance and head further above. If it does, the crypto might be able to attract new investors to its network that could help GRT price surge further.
On the other hand, the relative strength index (RSI) points to level 42.34. In other words, the crypto is neither oversold nor overbought. For this reason, traders and investors can still trade GRT without worrying about any major price reversal.
However, if GRT breaks neither the RSI level 30 or 70, traders and investors must trade with caution and be ready for a possible price correction or reversal.
The Graph Price Prediction 2021 – 2022
So far, GRT continues to maintain its uptrend position against the bearish market in the past months. However, is this enough to make the crypto a profitable cryptocurrency this year? Let us review the GRT ALMA Indicator to draw more insights.
As shown in the chart above, GRT entered the year 2021 with a bang as it manages to keep its bullish position. Today, GRT trades at a decent price of $1.54 within the Arnaud Legoux Moving Averages (ALMA), a bullish position. If this trend goes on, the crypto might rapidly raise its market position and overtake the $2.17 resistance level.
Furthermore, GRT might even extend its bullish rally toward the skyrocketing price of $2.89. In this case, the doors towards the high price of $3 to $4 will open, a position that GRT would gladly embrace. This skyrocket price of $3 to $4 may likely happen in the last quarter of 2021 or within 2022. Of course, all this is possible if the bullish market continues to favor the crypto.
However, if the bullish market turns against GRT, the price of the crypto may decline. In other words, GRT trading price may experience a price fall amounting to $1.11. In this case, the bulls must quickly recover and climb back to their uptrend position.
Otherwise, the bears might take advantage of the dip and convert the current resistance level to their new support level. Indeed, this is an event that could cause FUD among investors.
Meanwhile, the Moving Average Convergence/Divergence (MACD) continues to reside above the Signal indicator. For this reason, traders and investors can expect more bullish days ahead of the crypto. On the other hand, if the MACD indicator points toward a downward direction and performs a bearish crossover against Signal, it will be a different story.
The crypto world along with Bitcoin and altcoins continues to surge its market standing despite the market chaos. As a result, the GRT bullish price prediction 2021 to 2022 is from $2.17 to $4 while the bearish price can reach up to $1.11.
Market Prediction for The Graph (GRT) Price
Digitalcoin is one of the trusted names in the crypto world as the firm claims. It has already established accurate crypto analyses and the latest news stories over time. For this reason, the 2021 forecast of Digitalcoin for GRT amounts to $2.22.
TradingBeasts is one of the crypto networks that based its prediction and analysis using historical data with the combination of linear and polynomial regressions. As a result, the price forecast of TradingBeasts for GRT price prediction 2021 will reach the maximum price of $2.15. In addition, the maximum GRT price prediction 2022 is $3.45.
By using their latest technical analysis, the platform updates its network prices and predictions every three minutes. For this reason, the 1-year forecast of Wallet Investor for GRT amounts to $5.5.
GRT crypto may reach the skyrocketing price of $100 in the future but not this year. Also, GRT needs to increase its market capitalization to over $10 billion to make the $100 price come to life.
GRT is one of the freshest and active cryptocurrencies in the crypto world today. Based on the crypto’s recent performance, we can say that GRT is a good buy this year.
Traders and investors can buy, sell, trade and store GRT tokens on exchanges such as Binance, Coinbase Pro and Digifinex.
Disclaimer: The technical analysis expressed in this article does not necessarily reflect the views of CryptoNewsLand (CNL). Readers of this article should not take this as financial advice. CNL strongly recommends that all users do their own in-depth research before investing in cryptocurrency.
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