Price Analysis

Golem Price Analysis: GNT Coin May Face 35% Price Decline on Short Term Basis

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  • The Golem price has been showing an upward trend since April 2019
  • Golem coin started the day with 0.104355 USD and dropped by 3.65% to 0.100543 USD

Golem (GNT) is a network on the blockchain platform that deals with cloud-computing. It is a cryptocurrency based on the Ethereum blockchain. It is called the Airbnb of computing and is a two-sided computing marketplace. GNT has been consistently performing well over the past few months and is a coin with great potential. Let’s have a look at the statistics to see how the coin has been performing.

GNT/USD 1 day Chart by TradingView

Golem Coin Price Analysis

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On June 14, 2019, current statistics at 13:53:22 UTC is mentioned below:

GNT Price Statistics:

  • The current market Golem price is $0.09768425
  • Current market cap is $95,632,179 and 24 Hour volume is $4,158,826
  • For a Circulating Supply of 963,622,000 GNT, ROI is a huge 559.36% indicating that GNT has been trading well and its investors are getting a healthy return on their investment.
  • Yesterday’s High / Low was $0.111458 / $0.101115

Golem Coin Comparison:

Yesterday, there was a price fluctuation in GNT in the range of high of $0.11 to a low at $0.10 at different UTC’s. Compared to yesterday’s close, there has been only a very negligible downward movement in price. This indicates that the price of Golem coin has been stabilizing and slowly showing an upward movement. This is a good sign for the future prospects of the coin.

Golem Price Prediction:

GNT is currently traded on many exchanges. Developers are working hard on making the platform more viable in terms of transaction speed and flexibility. GNT has been in the news for all the right reasons since inception, being one of the well-funded crypto projects. A well balanced and stable coin, which has withstood market fluctuations. Analysts are bullish on the coin and feel that the coin has a lot in store for the future. Golem coin will not hit 1 USD in a year, as the current price is 0.09768425, and in few weeks it may drop to 0.0640 with the change of -35%. By end of 2019 we may see Golem coin to rise around $0.0540.

Conclusion:

Golem is in the right place at the right time. Investors should grab this opportunity and buy the coin as at the current rate as the coin has been continually moving upwards. The saying “ Make hay while the sun shines” is apt for Golem. A very good investment from a long-term perspective.

Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

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