Groestlcoin moving upwards

GRS cryptocurrency grew up by more than 587,53% within past week 
31 October 2017   4441

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.

Most Crypto-Optimists Live in Norway, Bitflyer Study

According to bitFlyer's poll on future of crypto, europeans believes cryptocurrency has future
24 April 2019   104

Most Europeans believe that in ten years digital currencies will continue to be in demand, but they do not have the same confidence about Bitcoin. This is reported by Cryptonews, citing a study of the bitFlyer.

10 thousand people from ten European countries took part in the online survey. Of these, 63% believe in a “bright future” cryptocurrency. However, not all Europeans are confident in the future of Bitcoin - only 55% believe that the first cryptocurrency will exist in ten years.

It is also noteworthy that, despite the fall in prices of most cryptocurrencies that lasted for almost a year, the majority of respondents positively assessed the prospects for the development of the market.

Most of the “crypto-optimists” turned out to live in Norway - 73% of the inhabitants of this Scandinavian country are convinced that a decade later, digital currencies will still be in society. This is followed by Italy (68%), the Netherlands and Poland close the top four (67% each).

The percentage of consumers who believe cryptocurrencies will still exist in 10 years’ time
The percentage of consumers who believe cryptocurrencies will still exist in 10 years’ time

But the exact form of cryptocurrency will exist, almost no one knows. Only 8% believe that they will become money, and 7% - a tool for investment or a means of preserving value.

The fact that Bitcoin is not generating as much support as other cryptocurrencies is in part a symptom of the market’s volatility, but is also a direct impact of the constant media attention that is associated to its volatility.

Andy Bryant

COO, bitFlyer Europe

He also added that the study demonstrated how much remains to be done to increase public awareness of the benefits and opportunities of cryptocurrencies.