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Possible bearish downtrend on Genstake Downside
Genstake's price has performed poorly over the past weeks. Buying GENSTAKE at this time may lead to loss of capital.
| GENSTAKE Price | $0.0324 USD |
| Price Change 24hours | $0.0003 USD (0.91%) |
| 24h Low / 24h High | $0.0319 / $0.0325 USD |
| Trading Volume 24hours | $0 USD |
| Market Cap | $0 USD |
Genstake Analysis
1. People have become accustomed to 'Mining Periods' of hyper inflation where the initial coinbase is established, after which mining becomes impossible and the network relies entirely on holders to stake in order to maintain the network and process transactions.
2. Developers walk a fine line between coding high interest percentages to entice holders to stake to support the network while trying to keep the interest percentages low enough that inflation doesn't kill the coin.
3. With Genstake, staking blocks doesn't give you interest on the coins you already have; staking blocks gives you a full block reward.
4. Staking was designed originally to yield a percentage of a coinholder's total coins over time, every year, in exchange for supporting the network.
5. Effectively, each of your coins becomes a little mining rig on the network, working diligently to mine you more coins.
6. Gone are the days of 0.02 coins for staking a block.
7. Staking a block with Genstake produces 20 Gencoins.
8. Genstake is about trying something different with staking.
9. The official Genstake ticker is “GEN” and trades under that name on all the exchanges where it has been listed.
10. Genstake aims to change all that.
11. The designation “GENSTAKE” is for CryptoCompare.com only.
12. Want to invest in Genstake? you may also like other coins like
 |
Future price prediction
| Date | Price | Possible movement |
|---|---|---|
| Apr 26, 2024 | $0.0325 | Neutral |
| May, 2024 | $ 0.0324 USD | Downside |
| June, 2024 | $ 0.0324 USD | Downside |
| July, 2024 | $ 0.0324 USD | Downside |
| October, 2024 | $ 0.0324 USD | Downside |
| April, 2025 | $ 0.0324 USD | Downside |
GENSTAKE Crypto Price Forecast: Frequently Asked Questions
| Question | Answer |
|---|---|
| What will be the highest price of Genstake (GENSTAKE) in future? | Our analysis shows Genstake is already past it's immediate all time high, indicating a bearish signal! |
| Will Genstake (GENSTAKE) price increase in future? | No. Our algorithms indicate that Genstake (GENSTAKE) will experience a significant decline in future. As low as $0.0324/GENSTAKE |
| Will an Investment in Genstake (GENSTAKE) be profitable or make a loss? | Probably Loss making. |
| What will be the lowest price of Genstake (GENSTAKE) in future? | $0.0324 USD |
| Will the price of Genstake (GENSTAKE) move downward in future? | Down only |
| At the end of the year, what will be the price of 1 Genstake? | Our analysis shows an end of year prognosis of 1GENSTAKE = $0.0324 USD. |
| Where do I buy Genstake? | We have curated some great options. Buy GENSTAKE coin here → |
Historical Price Data (USD)
Poor volume like GENSTAKE could be an indication of short term bearishness.
| Date | Price | Volume |
|---|---|---|
| February 13, 2020 | $0 | $0 |
| February 13, 2020 | $0 | $0 |
| February 13, 2020 | $0 | $0 |
| February 13, 2020 | $0 | $0 |
| February 13, 2020 | $0 | $0 |
| February 13, 2020 | $0 | $0 |
| February 13, 2020 | $0 | $0 |
| February 13, 2020 | $0 | $0 |
| February 13, 2020 | $0 | $0 |
| February 13, 2020 | $0 | $0 |
| February 13, 2020 | $0 | $0 |
| February 13, 2020 | $0 | $0 |
| February 13, 2020 | $0 | $0 |
| February 13, 2020 | $0 | $0 |
| February 13, 2020 | $0 | $0 |
| February 13, 2020 | $0 | $0 |
| February 13, 2020 | $0 | $0 |
| February 13, 2020 | $0 | $0 |
| February 13, 2020 | $0 | $0 |
| February 13, 2020 | $0 | $0 |
| February 13, 2020 | $0 | $0 |
| February 13, 2020 | $0 | $0 |
| February 13, 2020 | $0 | $0 |
| February 13, 2020 | $0 | $0 |
| February 13, 2020 | $0 | $0 |
| February 13, 2020 | $0 | $0 |
| February 13, 2020 | $0 | $0 |
| February 13, 2020 | $0 | $0 |
| February 13, 2020 | $0 | $0 |
| February 13, 2020 | $0 | $0 |
Steps to buy Genstake (GENSTAKE) in 2024
- Buy Bitcoin directly on Coinbase, Binance or Paypal
- Send the BTC to an Exchange that supports GENSTAKE/BTC pair.
- Now, Buy Genstake with BTC: Below is a detailed breakdown of exchanges that support Genstake and their trading.