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    Groestlcoin

    GRS

    Rank #759

    $0.7046

    +0.28%
    24H Low$0.6835
    $0.733424H High
    24H Volume
    $12.28 M
    All-Time High(ATH)
    $2.74
    All-Time Low(ATL)
    $0.00007701
    Market Cap
    $59.6 M
    Fully Diluted Valuation
    $73.86 M
    Market Cap/FDV
    80.7%
    Circulating Supply
    84.73 M GRS
    Total Supply
    105 M GRS
    Max Supply
    Market Sentiment
    Neutral
    * Data from 3rd parties

    Groestlcoin (GRS) Price Trends

    Time period
    Change amount
    % Change
    1H
    $-0.001691
    -0.24%
    24H
    $+0.001973
    +0.28%
    7D
    $-0.03685
    -5.23%
    30D
    $+0.1740
    +24.7%
    1Y
    $+0.5251
    +74.53%

    Credibility Indicators

    68.41

    Reliability Score

    Rank #1

    # 2283

    Percentile

    TOP 15%

    Live Groestlcoin (GRS) Price Update

    Groestlcoin price today is $0.7046 with a 24-hour trading volume of $12.28 M, and as such Groestlcoin has a market cap of $59.6 M, giving it a market dominance of 0.0025%. The Groestlcoin price moved 0.2800% in the last 24 hours.

    Groestlcoin reached its highest price on 2021-04-09 when it was trading at its all-time high of $2.74, while its lowest price was recorded on 2014-11-28 when it was trading at its all-time low of $0.00007701. The current lowest price since the last cycle high was $0.00007701, and the highest price since the last cycle low was $2.74. The social sentiment of Groestlcoin is currently Positive.

    The current circulating supply of Groestlcoin is $84.73 M GRS. In terms of market cap, Groestlcoin is currently ranked 759.

    About Groestlcoin (GRS)

    What is Groestlcoin? Groestlcoin is a proof of work cryptocurrency created in 2014. Designed for everyday use, Groestlcoin features an average block time of one minute, as opposed to Bitcoin's ten. As a consequence, it has a maximum total supply that will cap out at 105 million coins, as opposed to the 21 million for Bitcoin. The main idea of creating Groestlcoin was to establish an electronic payment model that was purely based on mathematical proof. It uses the proof of work system (POW) to facilitate secure online money transactions. This is a system that is independent of influence from centralized authorities. How does it work? Groestlcoin is mined using the Groestl algorithm. Groestl was chosen as one of the five finalists of the NIST hash function competition. It uses the same S-box as AES in a custom construction. The cryptocurrency operates as open source software on a peer-to-peer model (transactions take place directly between the payer and payee). This means that no trusted intermediary such a bank or PayPal is required to verify the details of the sender and receiver. Rather, the transactions are verified by nodes (the network of computers/users spread globally) and recorded in an open ledger. What does it aim to solve? With a shorter block period than Bitcoin, Groestlcoin aims to be more functional for everyday payments. Merchants don’t need to wait 10 minutes to confirm whether or not they have received their payment. The reduction in hashrate intensity also gave Groestlcoin an opportunity to be mined by individuals with less computing power. However, companies and teams have created ASICs for Groestlcoin, albeit at a higher cost than creating ASICs for Bitcoin. Rather than just a simple fork, Groestlcoin also works to adopt developments and additions inspired from discussions surrounding the Bitcoin network, and was actually one of the first adopters to several key features such as Segregated Witness (SegWit) and the Lightning Network.

    FAQs

    1. What determines the price movement of Groestlcoin?

    There are two schools of thought in determining the price of Groestlcoin.
    By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of Groestlcoin, collectively known as fundamental analysis. The law of supply and demand, tokenomics, use case, project roadmap as well as regulations and governance involved would affect the value of Groestlcoin from a long term perspective.
    By way of price action: Primarily analyzed via candlestick chart patterns and technical indicators such as MACD, RSI and the bollinger bands, technical analysis forecasts the price of Groestlcoin on the basis that history tends to repeat itself. As the candlestick charts are a general representation of the emotion of the market, news announcements and community sentiment can be significant price action drivers for Groestlcoin as well.
    Investors tend to prefer the long term nature of fundamental analysis, whereas short term traders tend to rely on technical analysis more. In reality, both analyses may combine and create interesting scenarios for Groestlcoin and the cryptocurrency market as a whole.

    Groestlcoin Tokenomics

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    Groestlcoin Analysis

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