Gridcoin experiencing stability & uptrends!

The last 24hrs

24hr chart

On the 6th May Gridcoin spiked 20% in marketcap from approx $0.014 to $0.019645, this took us to new All Time Highs!

Past ATH:
last ATH

New ATH:
new ATH

EDIT: New ATH:
2nd new ATH

7 day analysis

7day

For approx 7 days prior to the 20% spike, there was a period of stable trading between $0.013 and $0.016.
After the 20% spike, are we going to see another stable floor between $0.017 and $0.02 or are we in for additional spikes in value?

1 month analysis

1 month

So after the last spike in mid April, there was not a large dump but rather a period of stability where a new floor between 0.012 and 0.013 was established (highlighted in purple).

Arbitrage opportunities?

Unlike the last spike there are less blatant arbitrage opportunities; the trading value for Gridcoin across all exchanges seems to be equal however the majority of the trading activity is taking place on Poloniex. With the recent addition of OPEN.GRC support on BTSBOTS we're seeing additional trading pairs on the BTS DEX being made liquid, I recently began trading ALTCAP.SDR against OPEN.GRC!

arbitrage

Past analysis

chart

April 16th trading activity analysis thread/
Between Oct and Dec 2015, we began advertising to BoincStats and we implemented DPOR which ceased relying on a centralized statistics server for the reward mechanism. We experienced a surge of up to 50 new team members per day.
March 2016 - Gridcoin got onto the front page of Reddit which brought thousands of new users to the Gridcoin community.
September 2016 - All science based cryptocurrencies experienced a large surge in trading volume, potentially several whales giving the scientific cryptos some love?
March 2017 - Gridcoin required an emergency mandatory upgrade, and whilst exchanges/services wallets are in maintenance the trading volume surged. The mandatory upgrade was successful, we're currently awaiting confirmation from exchanges and services that their upgrade has been successful.

Relevant posts

Gridcoin vs Golem/SONM/iEX

Have any questions about Gridcoin? Ask away in the comments below!

Best regards,
CM.

5th May - New All Time Highs for Gridcoin!