The Graph (GRT) was founded by Brandon Ramirez, Yaniv Tal, and Jannis Pohlmann. The protocol was developed to generate immutable APIs and data access, with the use of GraphQL query language.
It works to bring trustworthy decentralized public infrastructure to the crypto market. From September 2020, The Graph has grown at over 50% MoM (Momentum Indicator) and has hit over 7 billion queries since its launch as a prototype in 2017.
Here, we show you how to buy The Graph in the most convenient way.
The Graph is powered by an Ethereum token known as GRT. The Graph is a decentralized token, and the best way to buy it is via an exchange like Pancakeswap. Being a decentralized exchange (DEX), Pancakeswap allows you to initiate and complete the buying process without a central figure, server or third party.
With the steps below, you are less than 10 minutes away from buying The Graph tokens.
Type in the amount of The Graph tokens you want to purchase and finalize the process by clicking on the ‘Swap’ icon. There you have it! You have successfully bought The Graph tokens. You can open your wallet to check them out.
Additionally, you can use your Trust Wallet to sell your The Graph tokens—or any other token—once you’re ready.
Always consider the risks involved when buying cryptocurrencies. Digital assets are highly speculative and volatile.
There is always a first time for everything. If you’re a beginner at dealing with a DEX or a Defi coin, the quick walkthrough above might seem a little bit confusing.
So, to help you out, we have provided a full walkthrough on how to buy The Graph below.
Trust Wallet is backed by Binance and it is the best option to store your cryptocurrency. It is designed for easy use and the perfect storage of digital assets.
To use Trust Wallet, download and install it on your mobile device. After installation, you’ll be required to set up your account. It is essential to provide the necessary details which will serve as your login credentials. Ensure you create a strong password to protect your account from easy hacking.
Asides from your password, you will be required to keep a record of a 12-word passphrase which would be needed in case you do not remember your login details.
After getting a Trust Wallet, the next thing to do is to make a deposit. There are two ways to fund your Trust Wallet:
One of the ways to fund your Trust Wallet is to initiate a transfer from outside the app. This will be through an external wallet where you have digital assets.
Within a maximum of 20 minutes, you should receive the coins in your wallet.
It is understandable if you don’t have any digital assets to hand currently, since this might be your first time buying. Trust Wallet will allow you to add funds through a debit/credit card with the following steps:
Using this process, the crypto purchased will show in your wallet instantly.
On reaching this step, it is believed that you already have digital assets in your Trust Wallet. So, you can move on to Pancakeswap and buy The Graph via a direct swap process.
A direct swap process is one in which a particular cryptocurrency—depending on your choice—is received in exchange for another.
Here’s how to perform a direct swap on Pancakeswap.
The amount of The Graph that’s equal to the token you want to swap with will be displayed. Click on the ‘Swap’ button to finish your transaction.
With this simple and easy process, you have successfully bought The Graph tokens using Pancakeswap.
The cryptocurrency market is largely based on demand and supply. A major strategy for many is to buy coins to hold and sell when the price pumps. So, there will come a time when your The Graph tokens would have yielded an increase and you will want to sell.
There are two ways to do this. It is either you:
If you choose to change into a different digital currency, you can use Pancakeswap to initiate and complete the process. Swapping The Graph into another cryptocurrency is just the inverse of the buying process. So, that’s an easy one there.
To trade The Graph into fiat money, you will be required to use a third-party exchange. To do this, you might consider using the main Binance platform. Simply transfer your coins into Binance and exchange them for fiat money. After, proceed to make a withdrawal through a bank account.
Because it’s Binance, you will need to submit some details before withdrawing your money. It’s called the KYC process, owing to the platform’s compliance with anti-money laundering regulations.
At the time of writing in mid-July 2021, The Graph has an average 24-hour trading volume of over $213 million. The project also shows prominent growth as it supports indexing data from Ethereum, IPFs and POA, with lots of other networks upcoming.
Even though it was launched in December 2020, which is quite recent, The Graph has gained popularity and exhibited market shifts. This accounts for why it’s listed on numerous crypto exchanges, meaning you have several purchasing options.
However, of all the available options, Pancakeswap is the best place for you to buy The Graph and here are the reasons.
Pancakeswap is a decentralized exchange that allows you to exchange tokens. It offers decentralized services which makes it fast and seamless. Having your coins there also contributes towards the exchange’s liquidity, allowing you to earn rewards even on idle tokens.
Pancakeswap is also revolutionary in the market, as it helps address some of the existing trading issues. The exchange’s high commitment level to security makes it a viable alternative for you to buy The Graph. For newbies, Pancakeswap might not be easy to access; mostly if you have not used Defi coins before.
To use Pancakeswap, you first have to get a compatible wallet. A number of crypto wallets are under this classification but as we have mentioned, Trust Wallet is the best pick. The next thing is to fund your wallet. You can do this by transferring cryptocurrency from an external wallet.
However, if you choose to use Trust Wallet, you have the option of using your debit/credit card. Additionally, Pancakeswap supports all kinds of tokens aside from The Graph. These include Ethereum, Bitcoin, DAI, among others.
To buy The Graph, there are a number of ways to do it. The option you go with will depend on your preference, such as the type of crypto exchange you want, and/or your method of payment. Here are the most effective methods to go about it.
To buy The Graph using your debit/credit card,
Note that Trust Wallet is the ideal wallet to purchase cryptocurrency as you have the option of buying with your debit/credit card directly. Additionally, you will need to complete a KYC process in order to buy crypto with your debit/credit card – which is industry standard.
The second way to purchase The Graph tokens is by using crypto.
Before you ask this question, in-depth personal research must have been made to understand the Defi coin adequately. Such informed research will help you understand the coin’s pros and cons, which will form the basis of your decision.
No doubt, doing independent research can be quite challenging. So, we have provided below some relevant considerations to put in place when buying The Graph.
The Graph network operates to improve the quality of blockchain services by making Defi increasingly accessible. The network improves querying blockchain data by combining high-end indexing protocols with impressive blockchain tech. It supplies a comprehensive data description in all APIs, making for easy understanding.
The result is that any blockchain user can leverage The Graph Explorer option to assess the subgraphs available on the platform. By making this possible, The Graph network removes all technical barriers impeding querying. This is one of the strongholds of The Graph community, making it attractive to both developers and all blockchain enthusiasts.
As mentioned earlier, a prototype of The Graph was launched in 2017 and as of September 2020, it was at over 50% MoM (Momentum Indicator). It has also hit over 7 billion queries, despite being officially launched in December 2020.
In December 2020 The Graph was worth $0.13 per token. By July 2021, the price reached $0.73. This means that those who bought the coin back in December would have witnessed a percentage increase of over 461% in just 7 months.
Additionally, the coin reached its all-time high of $2.34 in February 2021. That’s a sizable increase in value considering its 2020 price.
Taking advantage of a market dip is a good strategy. After all, the common approach in the crypto market is to enter at the bearish stage.
As of the time of writing in July 2021, The Graph had a 24-hour low of $0.72 and a 24-hour high of $0.78, with a 5.64% price change. So, it is best to carefully watch for its dip before buying into the project.
With that said, The Graph was priced at over $2.71 in February 2021 – so if you were to enter the market now while it is at sub-$1, you are able to invest at a major discount by buying the dip.
Cryptocurrencies are invariably volatile assets and The Graph is not left out. The digital assets industry is driven by market speculation, which often triggers demand from users. So, once people feel The Graph is a good buy, they will jump on it accordingly. The reverse will also happen when users get signals to sell.
Of course, you will come across speculation and price predictions. Take all of this with great caution, as they are not backed with solid proof.
There are risks involved in trading any cryptocurrency. If the price of The Graph decreases after your purchase and you choose to sell, you will make less than you initially invested. This is why your strategy towards buying cryptos should contemplate long-term possibilities.
Regardless, you can manage the risks following the tips below.
To store The Graph tokens you have bought, you will need a wallet to store them securely and safely. Although there are several wallets in the market, you need to pick one that suits the specification of the token you want to store.
Below are the best wallets for The Graph.
Trust wallet is a wallet backed by Binance; it is also one of the most popular The Graph wallets in use among investors and traders.
It is the best to use for newbies as it combines a simple interface with secured storage. Another advantage is its seamless connection with Pancakeswap. Additionally, you can buy The Graph using your debit/credit card via Trust Wallet.
Trezor Wallet is an encrypted hardware wallet, which makes it one of the best to keep The Graph. It uses a high-end encryption approach to safeguard your funds.
Its high security enables you to recover your funds through a mnemonic seed phrase in case it gets stolen, damaged or lost.
An advantage of storing The Graph tokens on Atomic Wallet is that it can be used on different platforms—Android, iOS and other desktop versions. Atomic Wallet supports several cryptocurrencies including The Graph.
It is also convenient but can be less secure. Nevertheless, if your watchword for storing The Graph is convenience, this is your wallet.
The Graph has gained wide popularity since its launch. It is one of the coins with high value in the market currently. To buy The Graph, there are several options to choose from but none matches using a decentralized exchange like Pancakeswap.
This guide has given a clear explanation on how to buy The Graph using Pancakeswap, thereby discarding the need to involve a third party. More importantly, the entire investment process takes just a few minutes to be completed.
As of July, 2021, one The Graph token is worth $0.64. Note that the price is unstable and can change at any time.
The answer to this question should be determined by your personal research. Once you do that, you will be able to know the pros and cons of the coin.
You can buy as little or as much as you want—it all depends on your choice and personal budget. Never invest more than you can afford to lose.
The Graph reached an all time high of $2.34 on February 2, 2021.
You will need to first buy crypto using an external wallet. This can easily be done on Trust Wallet. Next, you will proceed to Pancakeswap to exchange the crypto you bought for The Graph.
There are over 10 billion tokens in max supply and nearly 3 billion in circulation at the time of writing.
Forex Signals Daily