Groestlcoin moving upwards

GRS cryptocurrency grew up by more than 587,53% within past week 
31 October 2017   5174

Groestlcoin (GRS) rose and gained 587,53% during last 7 days, adding 113,80% in the past 24 hours as the total market capitalization touched levels above $47 million and it is moving up forward.

Groestlcoin Charts october 2017
Groestlcoin Charts

GRS is a currency launched in 2014 and based on an encryption algorithm Grostl, which is a cryptographic hash function.

The coin 5-times price rise may be explained by the interest of investors in ASIC-resistant and technologically developed coins. Groestlcoin has over 80 Electrum servers and it also has Ubuntu PPA available. Groestlcoin is SegWit and Lightning Network ready.

Moreover, the coin seems to have a decent amount of wallets, including 11 different Android Wallets, 10 Blackberry wallets and 2 IOs wallets, which also can be quite appealing to investors.

What we know so far about Groestlcoin is that it has ported Samourai. Also, it lets users send GRS over SMS, which may have also attracted positive attention to it.

Reddit Groestlcoin comments screenshot
Reddit comments towards Groestlcoin

The coin is considered undervalued by users who mostly see it as growing and fast developing and are satisfied with newly appearing features. Nevertheless, it is difficult to predict the direction of its price development in the future.

Old Korean Social Network to Close After Tokensale

Cyworld platform started operating back in 1999 and it conducted an IEO at CoinZest this year
14 October 2019   49

Investors who acquired the clink cryptocurrency issued by the South Korean social network Cyworld are worried about the status of their investments due to the company's sudden closure, reports Korea Times. Some of them are ready to go to court.

The Cyworld platform was launched in 1999 and was especially popular among the country's population until the mid-2000s. The company, however, failed to see the trend towards the development of mobile solutions on time and as a result lost its position in the market. On October 1, it closed her platform without posting any warnings to users.

At the same time, the Clink site was unavailable, and Cyworld management continues to ignore the numerous requests of investors. The Korean exchanges CoinZest and BitSonic, where Clink is still being traded, are considering delisting the asset. Industry officials say Clink's investor losses will be at least 1 billion won ($ 845,000).

Clink's primary distribution was through IEO through the CoinZest platform earlier this year and, according to the Korea Times, it was the company's attempt to bring a fading social network back to life. A total of 24 million Clink tokens were sold for a total of 480 million won ($ 400,000).

In the second half of 2019, employees who have not received salaries since the end of 2018 began to leave the company en masse. Since the start of trading, the Clink price has fallen from 26 won to 0.19 won. According to the Coingecko portal, Clink's current capitalization and revolving volume are unknown, while the marginal issue volume is 10 billion units.