Groestlcoin (GRS) Achieves Market Capitalization of $45.10 Million

Groestlcoin (CURRENCY:GRS) traded up 2% against the U.S. dollar during the one day period ending at 15:00 PM ET on February 12th. Groestlcoin has a total market capitalization of $45.10 million and $1.01 million worth of Groestlcoin was traded on exchanges in the last day. During the last seven days, Groestlcoin has traded 31.1% higher against the U.S. dollar. One Groestlcoin coin can now be purchased for approximately $0.65 or 0.00007355 BTC on exchanges including Bittrex, Cryptopia, Livecoin and LiteBit.eu.

Here is how related cryptocurrencies have performed during the last day:

  • Bitcoin (BTC) traded 6.2% higher against the dollar and now trades at $8,870.38 or 1.00000000 BTC.
  • Ethereum (ETH) traded up 4.1% against the dollar and now trades at $872.11 or 0.09871960 BTC.
  • Bitcoin Cash (BCH) traded 1.7% higher against the dollar and now trades at $1,280.35 or 0.14493200 BTC.
  • Litecoin (LTC) traded up 5.9% against the dollar and now trades at $162.54 or 0.01839880 BTC.
  • Monero (XMR) traded 6.2% higher against the dollar and now trades at $251.02 or 0.02841410 BTC.
  • Ethereum Classic (ETC) traded up 15.4% against the dollar and now trades at $29.62 or 0.00335265 BTC.
  • RaiBlocks (XRB) traded up 32.3% against the dollar and now trades at $18.58 or 0.00186028 BTC.
  • Bitcoin Gold (BTG) traded down 10.9% against the dollar and now trades at $113.90 or 0.01289350 BTC.
  • Zcash (ZEC) traded 0.9% higher against the dollar and now trades at $462.31 or 0.05233210 BTC.
  • Nano (XRB) traded up 10.5% against the dollar and now trades at $9.77 or 0.00110585 BTC.

About Groestlcoin

GRS is a proof-of-work (PoW) coin that uses the Groestl hashing algorithm. Its genesis date was March 22nd, 2014. Groestlcoin’s total supply is 69,415,524 coins. The Reddit community for Groestlcoin is /r/groestlcoin and the currency’s Github account can be viewed here. Groestlcoin’s official Twitter account is @GroestlcoinTeam and its Facebook page is accessible here. Groestlcoin’s official message board is www.groestlcoin.org/forum. The official website for Groestlcoin is www.groestlcoin.org.

According to CryptoCompare, “It is a cryptocurrency utilizing Proof of Work – No ASIC currently exists for Groestl & it is unlikely that one will be developed for it anytime soon. GroestlCoin will be ASIC-free for the foreseeable future. – Through these features GroestlCoin embodies the fairly distributed & decentralized nature of Cryptocurrency. Anyone can mine effectively, with minimal resource consumption and nuisance. – With the influx of ASICs we thought decentralized mining will soon be dead, with GroestlCoin it is reborn and taken to another level. – The extra added value of Groestl is that the “richer advantage” (owning several GPU) is less interesting with Groestl; so fairer. – Stands for democratization of currency and mining, the ability to send and receive money immediately anywhere in the world, to not pay expensive banking fees, and to transact in an environment that is secure and anonymous. – Through an innovative algorithm, the Groestlcoin network consumes far less energy, maintains stronger security, and rewards miners in more sustainable ways than sha256, scrypt, x11 and x13 based coins. – Grostl will be the new greener home of GPU miners as it offers greater hashing results with less energy and heat. – They strive to make groestlcoin available to the masses. Innovative and user friendly, accessible for everyone. They highly value integrity and transparency. Digital currencies are the future and Groestlcoin will be one of the leaders in this revolution. The name “Grøstl” is a multilingual play-on-words, referring to an Austrian dish usually made of leftover potatoes and pork, cut into slices. These are roasted on a pan together with onions and butterfat. The dish is often seasoned with salt, pepper, marjoram, cumin, and parsley, and served with a fried egg or kraut (cabbage). Hence, gröstl is somewhat similar to the American dish called hash. The letter ‘ö’ was replaced by ‘ø’, which is a letter in the Danish alphabet that is pronounced in the same way as ‘ö’. This way, the name, like the hash function itself, contains a mix of Austrian and Danish influences. The pronunciation of Grøstl may seem challenging. If you think so, then think of the letter ‘ø’ as the ‘i’ in “bird”. This letter is a so-called close-mid front rounded vowel. Groestl Specifications White Paper “

Buying and Selling Groestlcoin

Groestlcoin can be bought or sold on these cryptocurrency exchanges: Livecoin, Bittrex, CoinExchange, C-CEX, Cryptopia and LiteBit.eu. It is not possible to buy Groestlcoin directly using US dollars. Investors seeking to acquire Groestlcoin must first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Groestlcoin using one of the aforementioned exchanges.

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