GridCoin
Last modified on 11. October 2020
Quick Facts
GridCoin was introduced by the user Gridcoin via bitcointalk.org on 3 November 2013. The collection of real-time trading data by coinmarketcap.com began in March 2015.
Quarterly Averages
This section presents the quarterly averages (trimester) for trading volume, market capitalization and trading price for 2017, 2018, 2019 and 2020.
Trading Volume & Market Capitalization
For example, the average trading volume of GridCoin during the first trimester of 2019 equated to over US$ 2,700 per day. This figure came to nearly US$ 307 k during the same time frame in 2018. In other words, the previous/prior volume growth has almost entirely receded.
The average market capitalization during the first trimester of 2019 was nearly two m. This figure came to nearly US$ 31.9 m during the same time frame the year before. The corresponding drop down in market capitalization equated to 93.8 percent.
Trading Price
The all-time high of GridCoin in 2018
The price of the GridCoin currency reached a high in January 2018 at just above US$ 0.21. The equivalent market capitalization of the coin reached over US$ 78 million. This put GridCoin in the ballpark of certain other digital currencies, such as SaluS, I/O Coin, Matchpool, Bounty0x and Alias, among others.
GridCoins all-time high compared to Bitcoin and the most renowned companies worldwide
Bitcoin, by far the largest cryptocurrency at the time, had a market capitalization of US$ 245 billion on that day. Apple Inc., one of the most highly valued brands in the world, stood at US$ 887 billion. And Volkswagen AG, the world’s largest vehicle manufacturer as of 2018, at US$ 109 billion.
- GridCoin (GRC): 0.078 bn US dollars
- Bitcoin (BTC): 245 bn US dollars
- Apple (AAPL): 887 bn US dollars
- VW (VWAGY): 109 bn US dollars
- Date: 9 January 2018
March 2019: an interesting date following the big cryptocurrency crash
On 1 March 2019, the price of GridCoin stood at US$ 0.004885 with a market capitalization of over US$ 1.9 million. This is a drop down to approximately 2.3 percent compared with the highest trading price described above.
Around that time, Ethereum dropped to about 9.7 and Bitcoin to approximately 19.5 percent of their all-time-high trading prices.
More Details
The GridCoin is a native coin and is generated by mining. It has no maximum number of coins, unlike Litecoin, for example. Those interested in the source code should also take a look at the GitHub page.
GridCoin transactions currently in progress can be tracked using this block explorer, which also displays block height and other real-time statistics.
More information about GridCoin, including the white paper and other links to source code, community forums and social media accounts can be found on http://gridcoin.us.
Markets
BTC
The trading platforms for buying or selling GridCoin in BTC are SouthXchange and Txbit.
Social Links
You can get in touch with the GridCoin team directly by visiting the following social media channels:
1. This figure changes to 0.0019 percent when taking Bitcoin out of the equation.