Groestlcoin (GRS) Analysis

Market Cap

$115,291,787 USD

Volume (24h)

$8,371,504 USD

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3.9

SAFETY

Ranking factors:

Markets

How many exchanges are there to trade this coin?

Groestlcoin Markets Rank: 7/100
Volume Ratio

How actively is this asset being traded on the market?

Groestlcoin Volume Ratio Rank: 7/100
Market Cap

The total cost of all coins available.

Groestlcoin Market Cap Rank: 94/100
24h Change

Is the price moving up or down?

Groestlcoin 24h Change Rank: 49/100
Social Following

How many users are following this coin?

Groestlcoin Social Following Rank: 98/100
Google Trends

How many users are searching for the coin?

Groestlcoin Google Trends Rank: 1/100
Twitter Citation

How many users are talking about this coin in Twitter?

Groestlcoin Twitter Citation Rank: 37/100
User Voting

How popular is this coin among Cointobuy community?

Groestlcoin User Voting Rank: 96/100

Groestlcoin investment analysis

Groestlcoin investment started way back in 2014, and this was around the time many of the altcoins began to emerge. The project has since then experienced so many changes, growth, and improvement in price and trading activities.

This coin has gained a popularity among some cryptocurrency enthusiasts and has received some commendation as a good blockchain product that serves to provide for quick and privacy-centric transaction types, which is evidently at an extremely low cost with low latency too.

Some of the technical features the platform has up to date development and this makes it an intriguing investment because it shows how the platform is reliable in keeping up with the revolutionary trend of blockchain technology in terms of privacy, the speed of transactions and almost zero platform fees.

The technology is based on GRS algorithm which uses GPU for mining operations and provides all the efficiencies required.

How to buy?

$1.49

+65.8%

$2.47

355/4324

by Safety

2171/4324

by Profit

How to buy Groestlcoin?

The coin is being traded on popular exchanges, a total of about 16 markets are currently trading the GRS asset. Which means if and when you want to buy Groestlcoin you can do so with confidence. More so, the asset is traded with a few alt pairs such as BTC, ETH, BCH, LTC, DOGE, USDT, USD, KRW, TRY and also with fiats like USD, EUR, and GBP; of these pairs, KRW seems to dominate the trade share.

If you want to buy GRS, you might want to consider trading with KRW because of liquidity factor; which means if you do not already have KRW, you might have to either buy from the exchange or exchange BTC or other alt for it before trading it for GRS.

As indicated on their website, they have different wallet types to suit various storage options such as suit desktop wallet, mobile, web-online, paper wallet, and multisig wallets.

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Why should anyone consider an investment in GRS? Well, the answers are quite obvious: while they may share certain similarities with other blockchains, like the quest for low latency and essentially scaling the whole transaction operations; but like few, it’s a platform with sufficient proof of concept and has endured some years of trials of its own and has emerged as a refined product.

Groestlcoin analysis goes beyond dictations of concept overviews and price speculations, other indicators such as historic events, as the coin isn’t new, can be insightful, moreover over the period of time changes within the blockchain industry may as well have affected it too. So we would look at all three angles to determine how safe your investment truly is at this time.

Firstly, the concept of using an ASCI-resistant mining algorithm isn’t so exclusive, however, it makes a lot of sense for miners to adopt because of the advantages it confers – so, it’s ‘miner-friendly’. Moreover, being essentially a technology designed after the bitcoin protocol had an ample opportunity to resolve most of the fundamental problems with the bitcoin protocol and emerged as a preferable alternative to bitcoin – in a manner of speaking.

Although, the project was the first to implement the segwit, and also the lightning protocol and this has given them a head start and a more experiential stack above other projects looking to scale their network and provide more efficient transaction speed.

Secondly, the price dynamics has shown from its little history so far that trading has been somewhat productive, this is shown by an estimated rise of over 34,748.13% since the coin started trading up till the time of this writing. This means that the community is well supportive of the project and more so, this can be attributed to their early stages, concept and constant development progress.

While they may not have outstandingly achieved too many things which will remain redundant or contain bugs, they have impressively maintained their objective of providing a privacy-centric cryptocurrency which has efficient transaction speeds.

Thirdly, the project has so far developed and achieved major milestones such as their own testnet, different wallet versions and also maintaining deprecated versions to help ease the transition of their customers from old versions to the new.

Finally, the support community has grown substantially since they started.

In conclusion, if you are worried about investing in this project you might want to consider that they have indeed been around for a while and while this is not a specific indicator for investment security, it does leave development trails for you to follow up on. Therefore, you should go the mile of researching more about the project become you commit your funds.

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