Gridcoin Price Down 37.38%
The price of Gridcoin lost today the support level that for weeks was very active at 300 Satoshi, loosing 37.38% of the value. This movement is on serious volumes, giving me the feeling that a big player is probably exiting Gridcoin.
The current price is 195 Satoshi, and volumes are poing up:
Does anyone has any hints about what is happening?
The following #coins are being delisted from the #Poloniex #exchange.
#KingXChain #KXC
#BitcoinDark #BTCD
#Bitmark #BTM
#Einsteinium #EMC2
#GridCoin #GRC
#NeosCoin #NEOS
#PotCoin #POT
#VeriCoin #VRC
#BitcoinPlus #XBC
Based on Slack discussions, it is related to the delisting of GRC on Poloniex by 25 September. Traders are selling their GRC, which causing a short-term liquidity crunch driving down the price.
This also means that when you still have GRC on this exchange it is important to withdraw soon.
Many thanks for this info! I was not aware of the Poloniex decision to remove GRC...
Indeed, 48.96% of volumes are coming from Poloniex, where GRC is trading for 180 Satoshi, recovering from a minimum 71 Satoshi. Wow!
Thanks for the heads up!
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