The cryptocurrency market has been on an upturn recently, with a majority of the cryptocurrencies seeing green across the board. This bullish rise has been fueled by multiple updates and developments coming in from a lot of cryptocurrency companies and networks.
The crypto exchange has also said that withdrawals for Grin will be enabled soon. Grin had made major news recently when it was announced that the privacy-oriented coin fell by 97% in a day. Eric Meltzer of Primitive Ventures had mentioned during the launch of Grin that:
“There is (by our conservative estimates) 100 million dollars of mostly VC money invested into special-purpose investment vehicles to mine Grin. This does a lot of weird things: it turns a bunch of people who would have been buyers of grin into sellers of it, it changes the composition of the early holder roster, and it means the chain will launch with an extremely high degree of security via high PoW hashrate.”
Grin has also captured the attention of a lot of tech bigwigs which includes Litecoin creator Charlie Lee and Mastering Bitcoin author Andreas Antonopoulos. Charlie Lee had said the currencies are able to “do privacy and scalability without sacrificing anything”.