Groestlcoin Market Cap Reaches $47.73 Million (GRS)

Groestlcoin (CURRENCY:GRS) traded 5.4% higher against the US dollar during the 24 hour period ending at 16:00 PM ET on February 14th. During the last seven days, Groestlcoin has traded up 23.7% against the US dollar. Groestlcoin has a market capitalization of $47.73 million and $4.04 million worth of Groestlcoin was traded on exchanges in the last 24 hours. One Groestlcoin coin can now be bought for about $0.69 or 0.00007416 BTC on popular cryptocurrency exchanges including Cryptopia, LiteBit.eu, Bittrex and C-CEX.

Here’s how related cryptocurrencies have performed during the last 24 hours:

  • Bitcoin (BTC) traded up 7.1% against the dollar and now trades at $9,313.76 or 1.00000000 BTC.
  • Ethereum (ETH) traded 7.2% higher against the dollar and now trades at $909.82 or 0.09776480 BTC.
  • Bitcoin Cash (BCH) traded up 7.5% against the dollar and now trades at $1,336.06 or 0.14356700 BTC.
  • Litecoin (LTC) traded 31.3% higher against the dollar and now trades at $209.19 or 0.02247800 BTC.
  • Monero (XMR) traded 13.4% higher against the dollar and now trades at $268.79 or 0.02888320 BTC.
  • Ethereum Classic (ETC) traded up 1% against the dollar and now trades at $34.36 or 0.00369218 BTC.
  • RaiBlocks (XRB) traded up 32.3% against the dollar and now trades at $18.58 or 0.00186028 BTC.
  • Bitcoin Gold (BTG) traded up 5.3% against the dollar and now trades at $127.14 or 0.01366200 BTC.
  • Zcash (ZEC) traded up 5.5% against the dollar and now trades at $478.12 or 0.05137640 BTC.
  • Nano (XRB) traded down 1.4% against the dollar and now trades at $8.91 or 0.00095782 BTC.

Groestlcoin Coin Profile

GRS is a proof-of-work (PoW) coin that uses the Groestl hashing algorithm. Its launch date was March 22nd, 2014. Groestlcoin’s total supply is 69,429,534 coins. The official website for Groestlcoin is www.groestlcoin.org. The official message board for Groestlcoin is www.groestlcoin.org/forum. 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.

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

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