Will GRT (The Graph) Reach $10, $500, $1000 USD?

CoinMarketCap’s “The Graph”, or GRT, is shining on the list and is aggressively moving upward in the market cap rankings. According to CoinMarketCap, GRT has a market capitalization of around $3.3 Billion USD at the time of writing this post. Let’s discuss whether The Graph coin has the potential to reach or cross milestones such as $10, $100, or $1000 USD in the near future. If so, when can we expect this to happen?

Is the graph capable of reaching $10 USD?

The Graph(GRT) coin has a background and price analysis that should help us answer this question more efficiently. The Graph protocol basically provides open APIs for querying blockchain data from Ethereum and IPFS networks, referred to as SubGraphs. There is a maximum cap for GRT coins of 10 billion tokens and currently 1.24 billion tokens are circulating on the market, accounting for around 12% of total supply and expected to grow by 3% per year.

2 months ago, the Graph was listed on CoinMarketCap with an initial price of $0.19 USD on the 18th December 2020. Now it is ranging at $2.7 USD, almost 15x of its initial price. Thus, we can say that the crypto GRT started off wonderfully and we can only hope that it will continue to grow in the near future.

Fundamentally, there’s a chance this coin – The Graph – has what it takes to climb up to $100 USD, as it meets the requirements for a good use case and limited supply. So as long as you have your answer that yes, GRT will reach $10 USD soon. As per many crypto bloggers and YouTubers, the prediction is The Graph will reach $10 USD within 6-10 weeks. However, any prediction can fail and do not treat these answers as an investment advice. Do your own research or consult any financial advisor before making any investment decisions! You’re only responsible for any profit or loss you make by not following someone’s advice.

With a complete package provided, GRT is effectively working for blockchain developers. Its market cap continues to surge as it quietly enters into the billion-dollar club and is expected to position itself within the top 30 biggest crypto projects. It has already accumulated five times the trading stats of UNI, 1inch, and ADA tokens on Binance, Kraken, and Coinbase Pro trading platforms.

Conclusions

If you are planning for long term hodl, you can choose The Graph(GRT) coin as an option. This GRT coin is fundamentally strong and firm. It will grow in popularity as big giants begin investing in it. You should make the final call. Keep visiting us for more cryptocurrency industry updates. Thanks.

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