Grin is currently trading at $ 1.09. The token has a 24-hour trading volume of $ 48.45M combined across 23 exchanges. The price of GRIN has been up by 10.00% over the past 24 hours. The all-time price of Grin was on January 28, 2019, at $ 14.92.
Grin 3.0 Changes
The second hard fork update was completed successfully on January 16, 2020. “The grin team requested their users to upgrade their nodes and wallets software to new version v.3.0.0 as soon as possible.”
The upgrade facilitates Inter-wallet Compatibility, Node compatibility, command-line changes, TOR support, TRO troubleshooting, Wallet State Updating, payment proofs, Owner API changes, Slate Changes, and Transaction Log Entry Changes.
The previous version of the wallet is set to close soon. In the past upgrade, there was an improvement in decentralization and availability in the system.
Grin Hard Fork at 524160 Price Reactions
In response to the Grin Hard Fork, the prices began to move steadily. The price went high from less than a dollar to $1.17, up by 23%. A pullback occurred, and the token prices went back to $1.00. The fear of missing out on the forking is already decreasing. The market capitalization of Grin is at $31 million
Despite network improvements, the tokens with low market capitalizations have suffered a liquidity crisis. Ongoing work in developing on the project is also a reason for the liquidity crisis.
On January 18, 2020, Inputspike tweeted: “BTC/GRIN (Poloniex) gained 5.81% in the last 20 min. 1.02831723USD, 0.00011989Ƀ”
Quentin Le Sceller, Grin core developer and software engineer, tweeted:” “it’s not the forking ASICs from the network but also ensuring that no one is going to build the AISC’s for the GPU friendly mining algorithm.”
GRIN Funding
Sydney Ifergan, Crypto Expert Tweeted: “Reportedly, Grin Funding was launched free of ICO, founders reward or pre-mine though the development runs from donations and Swag. Good for investors.”
Most cryptocurrency hard forks facilitate a bullish run. They are mostly executed to improve the performance of the network. Thus, the new fork offers equivalent tokens held on the original chain.
Grin is a privacy-focused project on a significant upgrade. The market pump for the Altcoin lessened before the fork. However, many of them were holding it bullish. The Grin got launched about a year ago, and it has performed well ever since.
To provide for privacy, Grin was built around the MimbleWimble. The token is focusing on becoming a “stable and storage-intensive” privacy coin. To ensure improved privacy, Grin removes the address based system and references to the transaction amount. The transactions on the Grin Network are based on the interaction between two wallets that exchange information with each other.
