Grin Price Analysis – Cruising at All-Time Lows
Grin (GRIN) is currently listed on only a few exchanges, which may hinder short-term speculation. Additional exchange listings would be extremely positive for the currency pair, but are unlikely due to the cryptocurrency's standard privacy features. Grin is a standard privacy cryptocurrency that uses MimbleWimble to obscure transaction data.
The MimbleWimble whitepaper was first published in August 2016 by an anonymous developer, and the first implementation in Rust was released shortly thereafter. Since its mainnet launch in January 2019, Grin has not conducted an ICO, pre-mining, or offered founder rewards.
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"The inflation rate currently stands at 68% per year and has rapidly decreased over the past year after an initially aggressive emission schedule."
The network's difficulty has continuously decreased since its inception, and the emission rate is set to decline to 10% after 10 years, 5% after 20 years, and 4% after 25 years, with an unlimited supply. The average transaction fees have also dropped to $0.00316, which is lower than all other privacy-focused blockchains.
In terms of developer activity, the GRIN repository recorded over 300 commits from 100 developers in the past year, funded by donations exceeding $1 million. The development is decentralized, and four hard forks are planned within the first two years to introduce new features.
| Emission Rate | Current Inflation | Average Transaction Fee |
|---|---|---|
| 10% after 10 years | 68% per year | $0.00316 |
The trading volume for GRIN is primarily led by Tether (USDT) and Bitcoin (BTC) on exchanges like Bittrex, Poloniex, and KuCoin. However, GRIN is not currently listed on major exchanges such as Binance, Bitfinex, or Coinbase, which limits its market exposure.
Technical analysis indicates that GRIN has a market capitalization of $20 million, with the GRIN/BTC pair showing a historical price trend that has remained below the 50-day EMA. The 200-day EMA is currently at $0.79, which may serve as a target for potential mean reversion if an upward trend develops.
Overall, GRIN's inflation is higher than most cryptocurrencies, aiming for broad distribution. The current market conditions suggest that the spot price may regain momentum after breaking the 11,000 Sats mark, as it currently sits at an all-time low.
In summary, while GRIN faces challenges due to limited exchange listings and high inflation, its unique privacy features and decentralized development model may provide opportunities for future growth.
Key Takeaways:
- Grin is currently at all-time lows with a market cap of $20 million.
- Average transaction fees are significantly lower than other privacy-focused cryptocurrencies.
- Future growth may depend on additional exchange listings and market conditions.
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