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Groestlcoin price

Groestlcoin priceGRS

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Price of Groestlcoin today

The live price of Groestlcoin is $0.4629 per (GRS / USD) today with a current market cap of $40.08M USD. The 24-hour trading volume is $5.92M USD. GRS to USD price is updated in real time. Groestlcoin is 5.66% in the last 24 hours. It has a circulating supply of 86,578,650 .

What is the highest price of GRS?

GRS has an all-time high (ATH) of $2.79, recorded on 2021-04-09.

What is the lowest price of GRS?

GRS has an all-time low (ATL) of $0.{4}6022, recorded on 2014-11-17.
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Groestlcoin price prediction

When is a good time to buy GRS? Should I buy or sell GRS now?

When deciding whether to buy or sell GRS, you must first consider your own trading strategy. The trading activity of long-term traders and short-term traders will also be different. The Bitget GRS technical analysis can provide you with a reference for trading.
According to the GRS 4h technical analysis, the trading signal is Buy.
According to the GRS 1d technical analysis, the trading signal is Neutral.
According to the GRS 1w technical analysis, the trading signal is Buy.

What will the price of GRS be in 2025?

Based on GRS's historical price performance prediction model, the price of GRS is projected to reach $0.7382 in 2025.

What will the price of GRS be in 2030?

In 2030, the GRS price is expected to change by +3.00%. By the end of 2030, the GRS price is projected to reach $1.42, with a cumulative ROI of +229.37%.

Groestlcoin price history (USD)

The price of Groestlcoin is -23.48% over the last year. The highest price of in USD in the last year was $0.8877 and the lowest price of in USD in the last year was $0.2389.
TimePrice change (%)Price change (%)Lowest priceThe lowest price of {0} in the corresponding time period.Highest price Highest price
24h+5.66%$0.4320$0.4757
7d-5.68%$0.3964$0.4994
30d+10.42%$0.3502$0.7247
90d+33.72%$0.2998$0.7247
1y-23.48%$0.2389$0.8877
All-time+10738.36%$0.{4}6022(2014-11-17, 10 years ago )$2.79(2021-04-09, 3 years ago )

Groestlcoin market information

Market cap
$40,080,841.84
+5.66%
Fully diluted market cap
$48,608,848.11
+5.66%
Volume (24h)
$5,921,801.73
+69.95%
Market rankings
Circulation rate
99.00%
24h volume / market cap
14.77%
Circulating supply
86,578,650 GRS
Total supply / Max supply
86,578,648.89 GRS
105,000,000 GRS
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Groestlcoin ratings

Average ratings from the community
4.4
100 ratings
This content is for informational purposes only.

About Groestlcoin (GRS)

What Is Groestlcoin?

Groestlcoin is a decentralized, peer-to-peer cryptocurrency that was launched in 2014. It emerged as a solution to address some of the limitations of Bitcoin, particularly in terms of transaction speed and fees. The name "Groestlcoin" is a play on words, linking to an Austrian dish similar to the French "hash," and it reflects the cryptocurrency's use of a unique hashing algorithm, Groestl-0. This algorithm, inspired by the US Advanced Encryption Standard (AES), was initially part of a submission in the National Institute of Standard Technology hash function competition. Although it didn't win, the Groestl-0 algorithm became the foundation for Groestlcoin.

The development team behind Groestlcoin is truly international, with roots in the Netherlands and members spread across the United States, the United Kingdom, Russia, Belarus, China, and Germany. This diverse team has been instrumental in developing various components of the cryptocurrency, including its wallets for different platforms.

Resources

Whitepaper: https://www.groestl.info/groestl-implementation-guide.pdf

Official Website: https://www.groestlcoin.org/

How Does Groestlcoin Work?

Groestlcoin's blockchain is unique, with its blocks containing a higher number of hash functions compared to Bitcoin's SHA256 algorithm. This design choice is particularly significant for mining: Groestlcoin's Groestl-0 hashing algorithm is resistant to ASIC (Application-Specific Integrated Circuit) mining, promoting a more equitable mining environment by favoring GPU (Graphics Processing Unit) miners. This ASIC resistance also contributes to energy efficiency in mining operations.

The network rewards miners with 5 GRS coins for each block mined, a significant decrease from the initial 512 GRS coins, reflecting the cryptocurrency's evolving economic model. Groestlcoin prides itself on its continuous improvement, with a dedicated team of over 20 developers working to enhance the network's privacy, speed, and efficiency in transaction processing.

A key feature of Groestlcoin is its integration with SegWit (Segregated Witness) and the Lightning Network, which significantly boosts transaction speeds while keeping fees remarkably low. When a Groestlcoin payment is initiated, it is first routed through a private TOR server for enhanced privacy, then processed via the Lightning Network on the Groestlcoin blockchain, ensuring near-instantaneous transactions.

What Is GRS Token?

GRS is the native token of the Groestlcoin network. It has a maximum supply of 105 million tokens, creating a balance between scarcity and availability. GRS tokens have seen significant price fluctuations since their inception, reflecting the volatile nature of the cryptocurrency market. However, key developments like the integration of SegWit in 2017 led to a dramatic increase in the token's value, highlighting its potential as an investment and its responsiveness to technological advancements.

What Determines Groestlcoin’s Price?

The price of Groestlcoin, like other cryptocurrencies, is influenced by a complex interplay of factors, chief among them being supply and demand dynamics within the blockchain and cryptocurrency markets. The capped supply of Groestlcoin, set at 105 million GRS tokens, inherently creates scarcity, which can drive up the price as demand increases. This scarcity is a fundamental principle in the cryptocurrency world, mirroring the supply constraints seen in Bitcoin and other digital currencies. Additionally, investor sentiment plays a crucial role. Positive developments in the Groestlcoin network, such as technological advancements, integration with SegWit, and improvements in transaction speed and privacy, can boost investor confidence and demand, thereby elevating the token's value. Conversely, negative news or market trends can lead to decreased demand and lower prices.

Market adoption and utility are also critical factors in determining Groestlcoin's price. As more users embrace GRS for transactions, its real-world utility increases, potentially driving up its value. The efficiency of Groestlcoin in processing transactions, its ASIC-resistant mining algorithm, and its commitment to low transaction fees make it an attractive option for users and investors alike, contributing to its market adoption. Furthermore, the broader cryptocurrency market trends and global economic factors can significantly impact GRS's price. Fluctuations in the value of major cryptocurrencies like Bitcoin and Ethereum, regulatory changes, and shifts in investor sentiment towards blockchain technology and digital assets can all have a ripple effect on Groestlcoin's market value. By understanding these factors, investors and users can gain insights into the potential price movements of Groestlcoin in the dynamic and evolving landscape of cryptocurrencies.

Groestlcoin Social Data

In the last 24 hours, the social media sentiment score for Groestlcoin was 3, and the social media sentiment towards Groestlcoin price trend was Bullish. The overall Groestlcoin social media score was 0, which ranks 1227 among all cryptocurrencies.

According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,058,120 times, with Groestlcoin being mentioned with a frequency ratio of 0%, ranking 1008 among all cryptocurrencies.

In the last 24 hours, there were a total of 46 unique users discussing Groestlcoin, with a total of Groestlcoin mentions of 2. However, compared to the previous 24-hour period, the number of unique users increase by 92%, and the total number of mentions has decrease by 60%.

On Twitter, there were a total of 0 tweets mentioning Groestlcoin in the last 24 hours. Among them, 0% are bullish on Groestlcoin, 0% are bearish on Groestlcoin, and 100% are neutral on Groestlcoin.

On Reddit, there were 40 posts mentioning Groestlcoin in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 5% .

All social overview

Average sentiment (24h)
3
Social media score (24h)
0(#1227)
Social contributors (24h)
46
+92%
Social media mentions (24h)
2(#1008)
-60%
Social media dominance (24h)
0%
X
X posts (24h)
0
0%
X sentiment (24h)
Bullish
0%
Neutral
100%
Bearish
0%
Reddit
Reddit score (24h)
72
Reddit posts (24h)
40
-5%
Reddit comments (24h)
0
0%

How to buy Groestlcoin(GRS)

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FAQ

What is the current price of Groestlcoin?

The live price of Groestlcoin is $0.46 per (GRS/USD) with a current market cap of $40,080,841.84 USD. Groestlcoin's value undergoes frequent fluctuations due to the continuous 24/7 activity in the crypto market. Groestlcoin's current price in real-time and its historical data is available on Bitget.

What is the 24 hour trading volume of Groestlcoin?

Over the last 24 hours, the trading volume of Groestlcoin is $5.92M.

What is the all-time high of Groestlcoin?

The all-time high of Groestlcoin is $2.79. This all-time high is highest price for Groestlcoin since it was launched.

Can I buy Groestlcoin on Bitget?

Yes, Groestlcoin is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy guide.

Can I get a steady income from investing in Groestlcoin?

Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

Where can I buy Groestlcoin with the lowest fee?

Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders. You can trade on the Bitget exchange.

Where can I buy Groestlcoin (GRS)?

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Cryptocurrency investments, including buying Groestlcoin online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy Groestlcoin, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your Groestlcoin purchase. This page and any information included are not an endorsement of any particular cryptocurrency. Any price and other information on this page is collected from the public internet and can not be consider as an offer from Bitget.

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GRS
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1 GRS = 0.4629 USD
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GRS resources

Tags

Mineable
PoW
Groestl
Medium of Exchange
Links
Groestlcoin WebsiteGroestlcoin WhitepaperGroestlcoin TwitterGroestlcoin Github

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