The Graph Positioned for More Than 500% Gains – InvestAnswers
A cryptocurrency strategist has expressed a bullish sentiment on The Graph, an Ethereum (ETH)-based decentralized search engine altcoin.
The Graph as the dominant search engine for decentralized networks
The anonymous host of the InvestAnswers channel on YouTube has stated in a new video that The Graph (GRT) is the massively dominant search engine of decentralized networks.
The host of InvestAnswers believes that The Graph could surge by more than 500% from its current levels during the next bull run.
He predicts that The Graph could go over $1 in the next bull run, which could happen in the next six months to a year and a half from now.
Although this prediction is risky, the rewards are high as it represents a 7X increase from its current price ($0.16 at the time of writing).
Despite his bullish sentiment, the host of InvestAnswers cautions investors to avoid putting their money into the altcoin based on a fear of missing out (FOMO).
The Graph has already gone up by over 200% since November 2022, when it hit an all-time low of $0.052.
It has recently come off its euphoric run, with the other names in the space going up by 800% to 900%. The host advises to “sit tight” and not FOMO in.