Groestlcoin (GRS) Technical Analysis: The One To Watch, Recovers 100% in 24hrs

Groestlcoin is a seriously hot cryptocurrency today, surging over 100% this morning and holding on to its gains well without much correction. Right now the #108 asset is currently up 71.08% against BTC trading pair, with an impressive trading volume of $41M, which is significantly higher than a number of top 20 coins including Binance Coin (BNB), Monero (XMR) and IOTA (MIOTA).

Groestlcoin is a multi-utility cryptocurrency that boasts a number of blockchain-based features including; TOR and VPN supported private transactions, virtually zero-fees, ASIC mining resistance, major development releases every three months and it claims to be the first coin to activate SegWit.

Looking at its price action history over the last 12 months, you can also see that its community of investors is also unique. The asset has shown steady growth over the last 12 months despite the harsh bear markets we’ve witnessed so far, which exhibits a good quality community that HODL’s when the market depreciates. This is a promising sign that investors believe in the project and are not primarily interested in making fast gains, which hinders the price progress of a lot of cryptocurrencies.

As the rest of the crypto market starts to recover, can we expect Groestlcoin to continue climbing, or should we expect a late correction to chip away at this morning’s progress and send the asset tumbling back down? Let&rs…

This article appeared first on Cryptovest

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