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Grid+ (GRID) Analysis

Market Cap

$6,368,225 USD

Volume (24h)

$120,413 USD

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4.4
SAFETY

Ranking factors:

  • Markets

    How many exchanges are there to trade this coin?

    Grid+ Markets Rank: 2/100

  • Volume Ratio

    How actively is this asset being traded on the market?

    Grid+ Volume Ratio Rank: 2/100

  • Market Cap

    The total cost of all coins available.

    Grid+ Market Cap Rank: 88/100

  • 24h Change

    Is the price moving up or down?

    Grid+ 24h Change Rank: 48/100

  • Social Following

    How many users are following this coin?

    Grid+ Social Following Rank: 54/100

  • Google Trends

    How many users are searching for the coin?

    Grid+ Google Trends Rank: 51/100

  • Twitter Citation

    How many users are talking about this coin in Twitter?

    Grid+ Twitter Citation Rank: 50/100

  • User Voting

    How popular is this coin among Cointobuy community?

    Grid+ User Voting Rank: 96/100

Grid+ investment analysis

Using IoT with blockchain technology has become a trending concept. Electrical frameworks are one of the most sophisticated yet simplified systems which still suffer from severe mismanagement manhandling especially when it comes to parsing them through latent technologies.

The purpose behind Grid+ investment is to create a platform where systematic operation and management of electricity supply chains can be efficiently coordinated through the leverages blockchain technologies provide. The developers are strongly behind the EVM with the perception that their product is a deployable-ready solution to the technical control and administrative coordination of electricity layouts.

Their product is basically both a hardware and a software solution pack. The ultimate goal will be an ecosystem built within an already established system of electricity users, such that they can control, buy and sell their electricity as a valuable asset. A further Grid+ analysis would suggest that the opportunities being presented here are definitely long-term oriented.

Grid+ investment price
$0.162304
Grid+ expected Profit

The tool analyzes each currency for the 6-month historical price data, searches for possible patterns and showing possible profit rate in the coming months.

+70.6%
Grid+ Potential Price

The tool analyzes each currency for the 6-month historical price data, searches for possible patterns and showing the possible price in the coming months.

$0.276908
Grid+ Rating

The current coin position in cryptocurrency rankings by Safety Rank and Potential Profit.

89/3518
by Safety
1904/3518
by Profit
historical data

How to buy Grid+?

The coin is currently traded on 3 exchanges and is being traded with Ethereum alone. This isn’t such a good news, especially when the trading volume and the limiting trade base is considered. More so, the exchanges are not so popular. They are somewhat those types of exchanges where undervalued coins’ target and where very low budget coins are being dumped.

To buy Grid+ you may want to consider creating an Ethereum based wallet first and buy ETH from the exchanges that accept fiat. A second option would be to buy from any of the exchanges where the asset is currently trading, assuming you have a tradable asset paired to ETH trading there. This way you will buy the token with the Ethereum you purchased. In order to store the coin, you would need to have an Ethereum ERC-20 wallet. This wallet is compatible because the token itself is an ERC-20 based token.

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Is it safe to invest in GRID now?

Electricity will always be an important aspect of human civilization and tokenized assets built on this premise will eventually be worth something, especially for developers who know their way around this form of asset. The token is one of those rare asset types out there addressing relative problems with electric power infrastructures. This in itself puts them as an objective platform.

The overall concept is wowing, and therefore, the time it takes to develop something of this nature requires quite the experiential advantages and which is what members of the team are bringing to the table. To invest in GRID is to believe in the abilities of the team members to bring to life their ingenious skills with electricity and the infrastructural layout of deployable products.

Moreover, they intend to use existing infrastructures and by doing so, it means their approach is a pragmatic one as against the dependence on resource-gulping micro-networks.

Two sets of tokens are deployed on the platform. BOLT serves as a tether on the network to keep the value of electricity back by USD. The other serves as a more functional utility within the system, used for fees and purchasing of items on the network.

The special features to be expected from the platform include the incentivizing of the support community and the market players to drive up demand and adoption of renewable energy resources and their components.

They will indirectly play a role in the distribution of solar panels and ensure that there are enough distributed batteries to be used for storage. Their plan to make the energy market more efficient is a truly good concept and would go a long way to create a niche for their products.

The different products and services to be offered on their platform have interwoven roles to enhance the overall outlook of the project. The platform’s smart agent is a product that helps to control electricity buying and selling at the most affordable rates possible on behalf of their owners, the mobile app makes the platform’s UX a little bit handier to operate, and the smart meter service helps to monitor and manage electricity usages wirelessly.

Surprising, the asset seems to be undervalued. This is seen in their community support structure. Telegram has barely 1,200 members, and their twitter community barely crossed the 5,000 mark as the time of writing.

As for the trading of the currency on exchanges, the token has dropped by about 41% from its listing price which can serve as a good entry point in the market. Moreover, it has had over 1,200% profit potential during the course of trading.

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