Roughly 7 hours ago, and coinciding with the generation of the new superblock, GRC started a uniform 3 hour climb across the exchanges. This climb happened while the rest of the markets saw no significant movement, and resulted in GRC making an 8.4% gain relative to Bitcoin.
We are now trading at an average 1350 sats, or around USD$0.035, with a 24h volume of just over 40 BTC.
Can we maintain this price? Who knows! One thing is for sure though - with the continuing influx of new users into the network, Gridcoin is never going to be this easy to mine again. We have seen almost 100 new CPIDs registered over the past 5 days, and the registration rate is still increasing. As the network has now identified and prepared fixes for all remaining scaling issues we will see the coin climb back up to its all time high in the foreseeable future. GRC is still hugely undervalued!
Keep crunching!
UPDATE: We have just witnessed a volume spike as another investor threw their weight behind Gridcoin to the tune of USD$38,000. Welcome on board with the currency that advanced science!
Image credit:
Banner, @joshoeah
Footer, @me-shell
I just noticed that the guy in your bottom banner blinks and its tripping me out.
Very Observant @alpineginant - and very clever gif @joshoea
The footer is by @me-shell, @joshoeah did the banner. =)
Haha @krytonika, thanks for the complement!
Hah! I never spotted that before :D
Now is the time to start researching and minting those rewards as it's going to get harder rapidly. It will be like a snowball rolling down a mountain of snow getting bigger, quicker and quicker.
Exactly. You know all those people lamenting not mining BTC when it was profitable on a CPU? One day people are going to say that about GRC - and that day is coming!
Besides mining rewards, Gridcoin also pays 1.5% interest on your holdings. Despite this climb, price is still far below the last all-time high, so it's still a nice opportunity to purchase a good share :)
I love this post and always have been an advocate and holder of GridCoin
I'll check it out. Thanks
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