GRT is one of the promising cryptocurrencies whose technology allows decentralized applications (DApps) and other blockchains to interact seamlessly together. Omitting all its achievements let’s proceed to the Graph live price chart!
What’s the Graph current price?
Today, the Graph crypto price is trading at $0.09 with a 24-hour trading volume of $45,275,776 according to CoinMarketCap data. The value of GRT has risen by 8% in the last 24 hours.
In addition, the asset’s circulating supply is 6.90 billion GRT. The top cryptocurrency exchanges that trade the Graph live price chart are:
At the time of writing, GRT is ranked 61st in the CoinMarketCap ranking. Will updates, developments, positive Graph coin news, and changes in the blockchain help the asset rise in price?
Brief Graph price charts analysis
The above chart represents a period of consolidation that can lead to an immediate breakout or fall in the Graph current price. A break from the lower trendline means the start of a new bearish trend, and a breakout from the upper trendline means the start of a bullish one.
As shown above, the GRT to USD chart changed from bearish to sideway earlier this month. This is the result of the high trading volume that took place during that period.
Since the beginning of 2021, the Graph crypto price has undergone many bullish moves that have been higher than previous ones. In addition, they were immediately followed by fluctuations, consolidation, and correction in the Graph price charts. With that in mind, GRT will have a competitive market in 2022.
What is the Graph price prediction?
Given the popularity of the DeFi space today, it is becoming clear that it is extremely important for developers to be able to freely access blockchain data. The easier and faster this process becomes, the greater the potential for the efficient use of this space, and in addition, the reliability and safety indicators increase.
According to the Graph coin news, the founders are trying to build an information bridge between blockchain data and decentralized applications, so the platform is a promising tool for empowering all community members. This in turn will greatly impact the GRT USD cost.
GRT to USD forecast
If the bearish trend changes to the bullish one, GRT will reach $1.5 by the end of 2023. Moreover, in the first half of 2023, rapid growth is expected – up to $3.5. Then the GRT USD growth will slow down, but no serious drops are expected. With ongoing partnerships and developments, reaching $1.5 is quite optimistic, but still achievable in the near future.
Specialists’ Graph price prediction is mainly based on the chart’s “relationship” with the 200-MA. If GRT holds the support level near this indicator, buyers will have enough time and stability to prepare the next raising mission up to the $3.5 vital level, which will make it stable instead of fast.