Not sharing the same popularity as the top ten crew on the official market cap ranking list Groestlcoin (GRS) may not appear to be a “must” when it comes to investing in blockchain and digital assets, however, GRS has numerous qualities that make one blockchain project successful.
Launched back in 2014 before a handful of crypto toppers like Ethereum was introduced to the world of ICOs, Groestlcoin was presented as a zero-fee way of making blockchain-based transactions, making up for a SEGWIT and Lightning Network ready project.
However, despite tempting white paper specifications, Groestlcoin is still ranked below the top ten list, also surprisingly making one of the rare assets currently looking at increases on September 16th.
Moreover, the GRS team announced several listings during the last couple of weeks, also making continuous development updates, as well as Visa and Master Card purchases with Groestlcoin that should become available soon.
Groestlcoin (GRS) Scores Several Listings: SWAPLABS Adds Support for GRS
The level of success in a blockchain project can also be partially determined when counting in the number of listings that a certain digital asset has made it to. If we hypothetically confirm this “rule” then it can be also concluded that Groestlcoin has shown some improvement in this area for the past couple of weeks.
One of the exchanges that added support for GRS as announced by the Groestlcoin representatives on Twitter, is Coinsoda.
The team announced on September 3rd, several weeks ago, that GSR will now be available for exchanges and trading on Coinsoda with zero fees applying during trading.
Moreover, the team scored yet another listing in the course of the last two weeks, announcing that Groestlcoin will become available for live trading on SWAPLABS.
The team retweeted the announcement that was originally posted by the team behind this exchange, where it was stated that as of August 27th, GRS is to become available for live trading with over 50 digital assets as active trading pairs.
In addition to announcing the listing, the team added that Visa and Master Card purchases should become available during October of the current year.
Having GRS added for support on these exchanges should consequently trigger an improved performance in the market, which might be the reason why GRS is one of the few altcoins on September 16th showing some progress against the fiat.
Groestlcoin to Increase Adoption with GRSPay
While the majority of digital assets are either seen dropping or barely moving up below, trading in the green by under 1%, GRS seems to be progressing smoothly on September 16th with nearly 5% up against the odds in the market.
However, although Groestlcoin is seen going up against the fiat despite the sluggish market and having over 90% of currencies declining, this blockchain project is still underrated.
The fact that GRS is not being widely used, still being ranked above the top 100 cryptos as the 116th largest asset in the market might be well justified with the fact that GRS hasn’t done anything about scaling the network.
That means that ever since Groestlcoin was launched back in 2014, the team didn’t do anything to cut the block generation time, which means that GRS is only able to process around 7 transactions per second, which is pretty low when compared with top trading coins.
In order to maximize the odds of having GRS massively adopted as an alternative payment method, the team should work on scaling Groestlcoin within their continuous rounds of dev updates.
However, for now, the team announced GRSPay, which is actually a project that should provide a major push for further Groestlcoin adoption.
The announcement even caused a price pump back in mid-July when GRSPay was introduced by the GRS team, while the official campaign is yet to start.
Wirth GRSPay, the team claims that merchants will be able to create a store, manage and add products, take advantage of automatic invoicing and generate reports while GRSPay is said to offer additional features.
The team further added that the GRSPay campaign should follow after the original launch, concluding that the announced project should represent a major step towards Groestlcoin adoption.
Groestlcoin (GRS) in the Market
On September 16th despite the overall negative trends, GRS makes up for one of the few coins that are actually showing a solid progress against fiat.
That is how Groestlcoin GRS is seen going up by 4.80%, currently being traded at the price of 0.55$ with the market cap of nearly 40 million dollars.