Why I'm not mining anymore but BOINCing instead - GRIDCOIN Weekly Report & Analysis: Week 46-2017

Hello fellow GRIDCOINERS, BOINCers and Crunchers!

Hope you are enjoying the nice rise of GRIDCOIN as well as the rise of the majority of the most important coins at the Cryptosphere during this week.

First of all…

…If you are newbie or newcomer to GRIDCOIN, please, read the following two points as a preamble:

• What is GRIDCOIN?
• Introductory post (Don’t upvote it, just read it) and also have a look to this one.

GRIDCOIN performance in the Market and current expectations

• Let's have a look at the general charts of the last 7 days:

GRIDCOIN is performing very well these days, behaving as forecasted and demonstrating a good strength in volume as well as in price increase of 30%.

• GRC vs USD 4h-chart:

After reaching 0.0645 USD yesterday, GRIDCOIN is now correcting classically by means of what is commonly known as “abc” correction subcycle in Elliot-Waves Terms, something like this:

If my Elliot Wave counts are fine, in a wider Time-frame (1D-charts) we should expect another Bullish subcycle starting next week , since I think we are in the 2nd-correcting wave according to the Bullish cycle drawn at the chart below (wave (iii) in dark blue):

As summary, the forecast of 0.1 USD for mid-term is still valid , (representing 130% more from my first call last week), being the current moment a good chance to buy some GRC.

More information:

• GRIDCOIN is currently ranked as number 200 of the Coin Market Cap.
• It is now traded at $ 0.052472 or 0.00000480 BTC.
• Its ATM (All Time high) was reached on mid-June this year when it reached 0.11 USD ( 0.00003830 BTC)
• It is trade on BITTREX, POLONIEX and Openledger between others
• It has a very healthy community here in steemit, always willing to help you in case you get lost or need some information.
  http://www.gridcoin.us/
  https://boinc.berkeley.edu/
  http://wiki.gridcoin.us/Main_Page
  https://twitter.com/GridcoinNetwork
  https://www.reddit.com/r/gridcoin/
  https://www.grcpool.com/
  https://steemit.com/gridcoin/@toofasteddie/update-on-my-boinc-steem-engine-a-new-computer-added

*If you are thinking on Mining some cryptos with your computer, bear in mind that there is one choice that will give you not only money but also moral satisfaction.

Keep on BOINCing!!

@toofasteddie