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Highlights
- Founded in 2013, GeyserCoin (GSR) acts as an AMM, which focuses on providing liquidity.
- Considered to be one of the fastest and most robust protocol trading platforms, this has been developed considering the need for the security of cryptos.
- The 2789-ranked GSR token was trading at US$0.00058762 with a volume of US$0.122225, as per CoinGecko, on Tuesday.
GeyserCoin (GSR) crypto has had a miserable run on the crypto market of late. This Automated Market Maker (AMM) that provides liquidity has been down by over 50% in the past 30 days. And the bear market which has been prevailing has made it worse for the crypto to take off.
On 24 May, the 2789-ranked token was down by 3.78% according to CoinMarket Cap. Considered to be one of the fastest and most robust protocol trading platforms that is developed taking into account the need for security of cryptos.
Using the mining platform, the GSR crypto operates on both Proof of Work (PoW) and Proof of Stake (PoS) consensus.
Related read: Why is Mirror Protocol (MIR) crypto soaring today?
Why GSR crypto is trailing?
The GSR crypto is trailing largely as a result of the bear market. In fact, GSR crypto despite its recent developments has not been able to attract market participants onto its platform. Although it did show bouts of the rally, overall, for the past three months or so it has stayed in the bear phase.
The GSR ecosystem works on reducing the challenges in achieving innovation and maintaining capital at the same time. GSR crypto maintains all its trades in a database that is backed by strong security and boasts of offering liquidity to both CEX and DEXs.
How is GSR crypto’s price faring?
The 2789-ranked token was trading at US$0.00058762 with a trading volume of US $0.122225, as per CoinGecko. The GSR token was down by 3.7% over a day with a market cap of US $988.41 with a total of 1,682,053 GSR coins in circulation.
Related read: Anchor Protocol (ANC) just soared over 150%. Here's why
With the global crypto market cap still struggling to race ahead, looks like GSR too may have to wait for some time to gain some momentum. Having said that, crypto markets are often volatile, and their prices can change at any given point in time. Therefore, one must be careful and must do their research before entering the market or do a thorough trend study before investing in the cryptocurrency market.
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