The Golem Effect from psychology is different from the Golem crypto, which is a flexible, open-source platform for democratized access to digital resources. You can rent your idle resources and get paid in $GLM tokens. This might be worth your time as the token has been listed in many exchanges and recently in KuCoin.
The price of Golem crypto was up 68 percent sometime in the last week of February and trading at US$ 0.475 per token. Since its launching, its volume soared over 8000%.
Today’s Golem price is $0.277677 with a 24-hour trading volume of $8,504,061. Golem is up 1.60% in the last 24 hours. The current CoinMarketCap ranking is #124, with a live market cap of $277,676,831. It has a circulating supply of 1,000,000,000 GLM coins and a max. supply of 1,000,000,000 GLM coins.
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What is Golem cryptocurrency?
Golem has created the first global market for idle computing power. The Golem team excitedly announced this March’s GLM Rewards Program awardees. No doubt, future applications being built on Golem are worth the watch. Golem Gained 15.41% a month ago and is leading the charts. Let’s see what’s in store for this coin.
GLM is an ERC-20 token (based on Ethereum). GLM is a utility token used to gain access to the Golem Network. It is the money utilized in peer-to-peer transactions for renting idle digital resources such as spare computing power. GLM is currently available on big centralized exchanges, Uniswap, and other exchanges.
What is the GNT to GLM migration process?
GNT is being replaced by GLM. The contract address has been modified from: 0xa74476443119a942de498590fe1f2454d7d4ac0d to 0x7DD9c5Cba05E151C895FDe1CF355C9A1D5DA6429.
GNT, the old coin of the Golem Network, started its transition to GLM towards the conclusion of 2020. The migration is continuing and has no set end date. Users may switch from GNT to GLM at a 1:1 ratio. The transition is gradual and will eventually lead to the same maximum total supply of 1,000,000,000 tokens.
Source: Blog.Golem
How does GLM function?
The two most important nodes in the Golem network are the requestor and the supplier. A Golem network member that provides hardware resources in exchange for Golem tokens is known as a provider. Almost any computer may act as a provider.
Source: Coincentral
After a provider has placed their available computing power in the marketplace, Golem employs an identical approach to find requestors.
When compared to Amazon Web Services, developers get more straightforward access to the network. Because of Golem’s low entry-barrier policy, developers may pay per usage rather than long-term subscriptions.
Golem in 2022
For a smooth experience with the GLM token, the focus on visibility on various fronts:
- Oracles for GLM
- Support for GLM on different platforms (e.g. Compound)
- Applications for playing with GLM
- Staking mechanisms (which would likely require a new type of token in the Golem ecosystem)
- More chain integration.
By 2022, they aim to give more power to the developers in their DApp creation. In addition, Thorg has plans to grow his features. The new features for Thorg planned for 2022 include CPU tasks, gamification, more mining engines, an affiliation program, an income & usage dashboard in the Thorg UI, extended customization, and experimental features (e.g. generic GPU task). Look out for updates on Thorg’s Twitter!
Golem as a DApp Stack will be implemented in two steps. Part 1 Proof-of-Concept (PoC) is slated to be ready around late June / July 2022. Part 2 will be a bit more interactive with the community where they hope to organize a workshop with DApp creators in November.
Golem Price History
The cryptocurrency’s present value has dropped by -0.19 percent in the last 24 hours. When we compare the current market capitalization of the GNT to the previous day’s market cap, we can observe that the market cap is likewise down.
The GNT rising trend during the previous seven days made it increase by 1.99 percent. Golem has recently portrayed a lot of promise, and now may be an excellent time to get in and invest.
Source: CoinGecko
GNT’s price has dropped by -90.401 percent in the previous month, removing a substantial average amount of $0.49 from its present worth. This abrupt drop indicates that the currency is now slumped, suggesting that it might be an excellent purchase opportunity for a quick investment.
The price was between a minimum price of $0.12 and a maximum price of $0.12 during the last 90 days, resulting in a -54.92 percent price change.
In the last four months, Golem has dropped by -54.92 percent, with the most excellent average price of the currency being around $0.12 and the minimum price around $0.12.
Roadmap for Golem
Source: Twitter
Technical analysis of the Golem network token
Even though 100 percent correct technical analysis for Golem Network Token is unlikely based on historical data, you can check the real-time summed GNT buy-and-sell rating for a specified period on this sophisticated technical analysis tool by TradingView. The analysis for GNT/USD is derived from the most often used technical indicators, which are Moving Averages, Oscillators, and Pivots.
Source: Tradingview
Golem Technical Analysis
Golem has been on a downward trend this month, but the momentum has been slowing down. The William Alligator trend lines seem to be moving into the sleeping position. The 14-day relative strength index indicated a very stable position with no sign of price reversal. The MACD histogram indicates increasing price momentum to the upside.
Golem Price Predictions 2022 – 2030
Walletinvestor
GLM token historical data index rates an ‘A+’ and would make an ‘awesome’ one-year investment according to Wallet investor machine learning and AI analysis. GLM coin has the outstanding potential to go up 3.7% in one year, raising from its current value to $0.288. Golem will be on a downward trend in the coming two weeks and will fall from its current price to a future price of $0.23 at the end of the period. Golem will trade in bullish markets for the entire period until 2027. Golem’s forecast return on investment (ROI) for 2024 will be 14.1%, 2025 will be 25.8%, 2026 will be 33.8% and 2027 will be 44.7%.
TradingBeasts
Trading Beast analyzes historical data using various tools to give a price forecast of the crypto market. Golem’s average trading price in the crypto market will rise from its current price to $0.383 in July. It will then fall gradually towards the end of the year reaching $0.378 in December. In 2023 the Golem market status will be dominated by bears who will push prices from $0.377 in January to $0.316 in December. The trend will change in 2024, and the average trading price will rise from $0.323 in January to $0.455 in December. In 2025 Golem will have a mixed trend with the average trading value ranging from $0.383 to $0.467.
Digitalcoin Price
The value of Golem fell drastically in May after Luna crashed and sent altcoins tumbling. Golem will recover to an average price of $0.39 in June and remain relatively stable for the rest of the year. According to DigitalCoin price analysis, Golem’s value is expected to be bullish for the entire period between 2023 and 2031 despite high volatility on cryptocurrency exchanges. Golem’s average price in 2025 will be $0.56 and will reach a maximum price of $0.62 and a minimum price of $0.48. Golem’s average price in 2030 will be $1.29 and will reach a maximum price of $1.33 and a minimum price of $1.23.
Cryptopolitan
Golem Price Prediction 2022
The Golem price prediction for 2022 is $0.24. The market crash by Luna sent the cryptocurrency market tumbling and Golem was not spared. Golem has so far lost over 25% of its value but is slowly recovering. Golem is expected to trade higher this month and be less volatile for the remaining part of the year.
Golem Price Prediction 2023
The Golem price prediction for 2023 is $0.36. In 2022, the Golem team released Golem Beta 5.0. The release makes mid agreement payments possible and includes an update that makes the debug experience easier. More releases can be expected from the Golem factory. Golem will reach a maximum value of $0.40 and a minimum value of $0.35.
Golem Price Prediction 2024
The Golem price prediction for 2024 is $0.51. Golem is developing a dApp stack for its network. This is possible by bringing innovative minds through hackathons and paid experiences. The stack will act like lego code to plug oracles and decentralized exchanges into the Golem network. Golem will reach its highest price at $0.60 and its lowest price at $0.50.
Golem Price Prediction 2025
The Golem price prediction for 2025 is $0.75. Golem code is open source. What this means is any developer can use the platform to market their products or build on the network. This helps attract brilliant minds to the team. Golem will reach its highest price at $1.25 and the lowest price at $1.08.
Golem Price Prediction 2026
Golem Cryptocurrency price prediction for 2026 is $1.12. Despite the continuous growth, it will take Golem four years to get back to its all-time high of $1.25 set on 8 January 2018. Golem will set a new resistance level and probably attract more crypto speculators on achieving the milestone. The Golem’s future price will range from $1.25 to $1.08.
Golem Price Prediction 2027
Golem Cryptocurrency price prediction for 2027 is $1.58. Golem leverages the robustness and trustless nature of blockchain technology to build stable projects. Golem will provide future enterprises with an easy transition into Blockchain technology. Golem will trade between $1.86 and $1.52 for the year in the cryptocurrency market.
Golem Price Prediction 2028
Golem GLM price prediction for 2028 is $2.20. With the ever-evolving IoT and technology trends, Golem is expected to keep pace. Golem will invest its resources into NFTs, metaverse, and the gaming industry. Golem will offer more utility for its users increasing its value. Golem will reach a maximum level of $2.63 and a minimum level of $2.12.
Golem Price Prediction 2029
Golem GLM price prediction for 2029 is $3.23. Golem will continue to soar, reaching new heights having created a resourceful platform. Crypto regulation will assist digital coins to navigate the financial markets. Golem will reach a maximum level of $3.75 and a minimum level of $3.12.
Golem Price Prediction 2030
Golem GLM price prediction for 2030 is $4.88. While Golem continues to be profitable it remains to be a high-risk investment. Negative news, hacks, and market crashes in the crypto world could send Golem to its knees. Golem forecast suggests it will trade between $5.43 and $4.72 for the year.
Golem Price Predictions by Industry Influencers
Crypto Vault Youtube channel goes through Golem’s plans and provides a price prediction. This could be the best time to buy Golem.
Conclusion
The development of the Golem token has always depended on innovations, partnerships, the crypto ecosystem, and many other things. Considering Golem developers were busy in 2021 and made a couple of advancements. Plans are already in motion to create more innovations and developments this year, and we can say that we expect Golem (GLM) to make significant improvements soon. If the crypto ecosystem is favorable, the progress might be geometric.
With the rewrite of Golem, they’re migrating from the GNT token to the new ERC-20 compliant GLM token that enables Golem to leverage layer 2 solutions for payments, decentralized exchanges, and DeFi. They are in contact with major exchanges and the Golem team is supporting them through the migration process.
Golem has had a rather better performance when compared to other altcoins this year. As the market recovers from its drop in May, we expect Golem to get back to $0.35 in 2023. Golem offers good utility for its users and should remain feasible in the next ten years.
Always carry out enough research before buying cryptocurrencies, this is not investment advice but just a guide.
Listed here are the places where you may trade Golem (GNT) for other currencies.
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