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.
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.
— Groestlcoin (GRS) (@GroestlcoinTeam) 26 октября 2017 г.
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 comments towards Groestlcoin
The coin is considered undervalued by Reddit.com 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.