Grin (GRIN) Value Drops 98% in His First Day of Trading: Here is Why

TL;DR

  • New privacy-oriented cryptocurrency, Grin (GRIN) has just recently gone live with a high price of $261 per coin after its first block was mined.
  • However, in the subsequent 24 hours, the coin lost as much as 98% of its value and currently trades around $7.5 due to the expansion of its coin supply.
  • This is a known phenomenon that has happened in the past in many other promising projects.

Grin (GRIN), a new cryptocurrency which employes the Mimblewimble protocol, has just crashed in a matter of hours. The coin managed to launch its MainNet only days ago, and while its initial value exceeded $260 per coin after its first block was mined, it lost over 98% of its value in less than a day.READ IN FULL

The post Grin (GRIN) Value Drops 98% in His First Day of Trading: Here is Why appeared first on BlockBoard.

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