GridCoin Market Report: GRC/BTC Down -21.48% on the Day

Brief:


GridCoin is down -21.48% on the day, down -0.25% on the week and up 54.19% on the month on a Poloniex last price of 0.00000976. GRC/BTC is trading between a 24hr high of 0.00001274 and a 24hr low of 0.00000946 on a 24hr volume of 38 BTC or 3538884 GRC. The weekly trend is mixed.

Last price

0.00000976 GRC/BTC

$USD

last price $ 00.01229467
one week ago $ 00.01232492
percentage -0.25%

Volume

Volume

The 24 hour volume on Poloniex is 38.24124422 BTC or 3538884.02671910 GRC.

Remarks

GridCoin saw its monthly high at about the same time bitcoin began an upwards move. The GridCoin monthly high of 0.00001535 came on a volume of about 101 BTC:

Monthly Chart

Weekly Chart
Our weekly chart showing detailed price and volume changes is the Featured Chart.

XBT LivePrice

Monthly GRC/BTC High Meets BTC/USDT Rally
In this series of two screenshots we see both the similarities and dissimilarities of Bitcoin/USDT and GRC/Bitcoin. Both screenshots show a 24 hour period in fifteen minute candles:

Bitcoin/USDT

GRC/Bitcoin

GridCoin Short Term Forecast
For the last hour GridCoin has vascillated between the daily low and 0.00001000. We’re seeing what happens after a coin tops out coincident with a bitcoin price spike. This places extra downward pressure on Gridcoin. Traders wanting to dump their now overpriced coin try to do so, as a few price bargain seekers see an attractive entry point.

With a note of caution we point out that the historical support levels are at 850 biweekly, and 510 monthly – considerably lower than today’s daily low of 0.00000946 BTC.

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Price change

Price change is the percentage change within the period:

period change
day -21.48%
week -0.25%
month 54.19%

Featured Chart

Tap or click chart to enlarge:

Data source

Poloniex is the data source for this market report.

Market capitalization

Market capitalization is the total $US dollar value of the GridCoin market calculated using the formula:

market cap = ( available supply x last price )
Market cap $ 4,785,989
Available supply 389273448
Last price $ 00.01229467

Daily High Low

daily high 0.00001274
daily low 0.00000946

Trend

The weekly trend is mixed.

trend is MIXED

Support

Support is the lowest price within the period:

period support
day 0.00000946
week 0.00000946
biweekly 0.00000850
month 0.00000510

Resistance

Resistance is the highest price within the period:

period resistance
day 0.00001274
week 0.00001535
biweekly 0.00001535
month 0.00001535

Margin trading

no

The data source Poloniex does NOT offer margin trading on this digital asset.

Range

Range is the difference in price within the period:

period range
day 0.00000328
week -0.00000012
month 0.00000343

Market sentiment

Market sentiment is bearish.

sentiment bearish

Image courtesy Pixabay.com

Summary

GridCoin is down -21.48% on the day, down -0.25% on the week and up 54.19% on the month. The weekly trend is mixed. GRC/BTC saw weekly support at 0.00000946 and weekly resistance at 0.00001535. Market sentiment is bearish.

Disclaimer

Past history is NOT an indicator of future results. Read the legal disclaimer:

http://kittybitcoin.com/docs/disclaimer.php

Printed

This report was printed on Thursday April 20 2017 17:47 hours UTC. Contact KittyBitcoin to request custom reports.

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Tags

GridCoin, GRC/BTC, Poloniex, Brief, Last price, Volume, Remarks, Price change, Chart, Data source, Market capitalization, Indicators, Daily high low, Trend, Support, Margin trading, Resistance, Range, Market sentiment, Summary, Disclaimer, Printed, Coming soon, cryptocurrency, bitcoins, BTC, altcoins, investing, trading, speculation, coins, investment, digital, assets, tags