This article centers around a thorough assessment of GRIN coin’s technical and fundamental attributes using data obtained from www.coinmarketcap.com . Our report aims to address vital inquiries regarding the projects associated with the cryptocurrency ; determining significant factors affecting its market value ; reviewing which are reliable exchanges for trading it ; identifying traded currency pairs ; exploring assorted key metrics that demonstrate critical aspects of performance such as highest low price values attained among other essential economic indicators. We will also provide regular weekly graphical or technical analyses aimed at assisting potential investors evaluate feasible investment risks areas while identifying prospective profits.
What is Grin (GRIN) Coin?
Grin (GRIN) is a privacy-focused cryptocurrency that was launched in 2019 . It aims to provide users with a secure and anonymous way of transacting online . Grin is based on the Mimblewimble protocol , which focuses on improving privacy, scalability, and fungibility in blockchain transactions .
One of the unique features of Grin is its implementation of “transaction cut-through,” where multiple transactions can be combined into a single compact transaction . This helps improve scalability by reducing the size of the blockchain .
Grin does not have any addresses or amounts associated with transactions, making it difficult to trace or link transactions to specific individuals . It also employs concepts like confidential transactions and CoinJoin for enhanced privacy .
As an open-source project, Grin encourages community participation and development contributions from anyone interested in advancing its mission .
If you want to know more about the GRİN(GRIN) coin , you can visit its website .
https://grin.mw/
Projects:
Grin (GRIN) has several ongoing projects and initiatives aimed at further developing the cryptocurrency and its ecosystem. Some notable projects include :
- Core Development : The Grin project has a dedicated team of developers working on improving the core protocol, enhancing privacy features , optimizing scalability , and implementing new technology to ensure the long-term viability of the network .
- Research & Innovation : The Grin community is actively involved in research and innovation within the field of blockchain technology . This includes exploring new cryptographic techniques , privacy enhancements, scalability solutions, and other advancements that can benefit both Grin and the wider cryptocurrency ecosystem .
- Wallets & Exchanges : Developers are continuously working on creating user-friendly wallets for different platforms to facilitate easy storage and transactions with GRIN coins. Additionally , efforts are made to secure listings on various exchanges to improve accessibility for users looking to trade or acquire GRIN tokens .
- Community Building : The Grin project places great emphasis on fostering an active and engaged community around its cryptocurrency . Regular meetups, conferences, online forums, social media channels, and collaborative initiatives help bring together enthusiasts who contribute ideas, code improvements , promote adoption , or simply provide support .
These projects collectively aim to enhance the usability , security,and privacy of Grin as well as drive its wider adoption within the cryptocurrency space .
Factors affecting price:
The price of Grin (GRIN) coin, like any other cryptocurrency, can be influenced by various factors . Here are some key factors that may impact the price of GRIN :
- Market Demand and Adoption : The overall demand for Grin in the market plays a significant role in determining its price . Factors such as increased adoption , partnerships with businesses or platforms , and growing user base can contribute to higher demand and potentially drive up the price .
- Supply Dynamics : The supply dynamics of GRIN coins also influence their price. If there is a limited supply of coins available on exchanges coupled with high demand , it can lead to scarcity and potentially drive the price upwards .
- Investor Sentiment : Market sentiment towards cryptocurrencies as a whole can affect the price of Grin. Positive news surrounding blockchain technology or favorable regulatory developments may attract more investors into the space, increasing demand for GRIN coins .
- Technological Developments : Progress in core protocol development or introduction of new features within Grin’s ecosystem could positively impact its value proposition and subsequently influence its market value .
- Competition : The presence of competing projects offering similar features or benefits may have an effect on investor interest in Grin and consequently influence its market performance .
6.Economic Factors : Broader economic trends such as inflation rates , global financial stability,major macroeconomic events ,and geopolitical uncertainties can indirectly impact cryptocurrency prices including that of Grin .
It is important to note that cryptocurrency markets are highly volatile and subject to sudden changes based on multiple interacting factors ; therefore , predicting specific outcomes regarding pricing is inherently challenging .
Where can I buy Grin Coin (GRIN)?
Exchange Pair Volume
Grin Coin (GRIN) Baseline Assessment :
The market cap of the GRİN(GRIN) coin is 5.210.814 and its circulating supply is 141.361.440 units. Its maximum Supply is ∞ units, with a fully diluted valuation of $3,830,648.
What is the high price point for Grin Coin (GRIN)?
GRİN(GRIN) highest price is $14.87 recorded on Jan 28, 2019. The current price is -99.74% lower than the all-time high .
What is the low point of the price for Grin Coin (GRIN)?
GRİN(GRIN) token’s lowest price was $0.03191 on Jun 30, 2023.
Grin Coin (GRIN) Technical Outlook:
Grin (GRIN) coin dropped from $6.85 on 10 Jun 2019 to $0.0301 on 05 Jun 2023 . It has started to consolidate at these levels in recent weeks . GRIN coin , which continues its movement within the falling channel , is priced close to the channel lower band . As long as it stays below the channel middle band, it will want to touch the channel bottom band . The $0.029940 level should be followed as important support. Below this level , it can fall as low as $0.019044. Our falling fibo levels in possible rises should be followed as resistance .
Our support point: $0.029940 and sequential resistances: $0.108108 – $0.2399 – $0.453685 – $0.861151 – $2.14 – $6.85
Investment information comments, and recommendations contained herein are not within the scope of investment consultancy . The content, comments, and recommendations herein are not guiding but general . These recommendations may not suit your financial situation and risk and return preferences. Therefore making an investment decision based solely on the information herein may not yield results that meet your expectations .
