A massive spike in trading activity has occured!
Coinmarketcap overview sorted by 24hr % change
Further Gridcoin analysis
- $625k 24hr trading volume! Usually GRC has a trading volume of a few thousand per day, this is a significant increase in daily trading!
- Poloniex appears to be the primary exchange where trading is occuring, however users are buying cheap coins off the less used exchanges (Bittrex/C-Cex).
- Only a couple days ago GRC had a market cap of approx $2 million, now it's sitting around $5 million. Cryptocurrencies are crazy volatile!
There have only been two spikes like this in the history of Gridcoin (as you can see above), these are:
- Oct-Nov 2015: When we first advertised Gridcoin on Boincstats - we were recruiting 30-50+ users per day to team Gridcoin through a single month long advertising campaign.
- Approx 21st Mar 2016: When a Gridcoin reached the front page of reddit due to a /r/futurology post - it was quickly hidden from public view though by disgruntled /r/futurology mods.
So, these are exciting times! Let's hope this brings new users to both Gridcoin & BOINC!
Do you know why the spike in trading of Gridcoin/Foldingcoin & Curecoin occured today? Don't hesitate to reply below, I'll upvote your posts! :)
Happy crunching,
CM!