Having a look on The Graph token

By DR-9 | DR-9's look on crypto | 14 Feb 2023


What is The Graph?

"The Graph is an indexing protocol for querying networks like Ethereum and IPFS. Anyone can build and publish open APIs, called subgraphs, making data easily accessible." - thegraph.com

The normal person will think. Oh, wait what does that mean? In simple terms, The Graph network acts as Google, however for blockchain. Just like Google indexes websites. Graph network indexes blockchains. So this makes it pretty interesting. Many have already called it the 'The Google of Crypto'.

What about the price and ROI?

I think currently the token itself is undervalued. I can see its usability very clearly and when it comes to price, I see it hitting $1 - $2 the next year. Already, 2 months of the new year have gone by, so I do not think we will have to wait much longer before the 'Hold tight boys, we are going parabolic.'... 

On the other hand, the market will be very unpredictable the next 3-6 months and I think short term investors and day traders should be cautious. If you plan on hodling, then I think this current price is pretty okay. However, you might want to save up some money in case the price will dunk down. Then you can DCA. 

So the returns in my opinion will be pretty high. By 2026 I think we could see it at $8, however it could way way more... The best way you can help the network grow is to either develop for Web3.0, delegate your GRT or use it to query data from API's... By using the token the value will grow. 

This token is a hidden gem if you ask me. Invest at your own risk however. 

 

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DR-9
DR-9

Hi all. My name is Daniel.


DR-9's look on crypto
DR-9's look on crypto

In this blog I talk about cryptocurrencies, their usability and possible future ROI.

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