Price Analysis

Golem Price Analysis: Is Golem (GNT) Rightly Called the Future of Cloud Computing?

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  • Short-term momentum bull momentum picking up
  • Year-end target maintained between $0.2 – $0.3

Released in 2016, Golem is an open source decentralized Ethereum based Blockchain platform, which enables sharing of computing power and gives developers a flexible, reliable and cheap source of computing power. Developers have a huge role to play in Golem’s ecosystem. Future releases of the network are expected to bring in major improvements in its flexibility and robustness, which will bring Golem to the forefront of cloud computing. There has been a steady upward trend in the price as seen from the 90-day price comparison.

Latest Statistics of Golem Coin:

As on June 25, 2019, at 6:02:53 UTC, statistics as below:

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Golem Price Chart - 27 June
Golem Price Chart
  • The current market price of GNT is $0.09511551
  • Current market cap is around $93,267,191
  • 24 h volume is at $3,889,312
  • GNT has a huge ROI of 542.50 %, indicating that it has continually pleased its investors
  • Circulating supply is at 964,450,000 GNT

Golem Coin Price Comparison:

As per last 90-day price comparison, the price of GNT took a high of $0.10652982 on April 3 but spiraled downwards to a low of $0.07037836 on April 26 after a gap of 22d 13h, showing the downward movement to the tune of 33.47%. The price again reached a high of $0.10678000 on May 15 after a span of 19d 13h, showing a huge upward movement of 52.97%. The price volatility continued, and the price fell to $0.08338788 on May 23 after a gap of 7d 11h, the movement being to the extent of 21.67%. It shot up again on May 30 to $0.10515381 in 6d 20h; movement is 27%. The price fell to $0.090893337 on June 20 after a span of 20d 10h to the extent of 13.56%. Today’s price being $0.09511551, the upward movement has been to the tune of 4.4%. The price movements have been in the range of $0.07 – $0.10, which indicates that Golem has shown a good and steady positive movement during the 90 days.

Golem Price Prediction:

In the current phase, things seem to be looking ahead for GNT. Future releases are expected to make it more robust and user-friendly. The price variations are also in a stable range. Investors are looking at the coin with renewed interest. The past track record and current bull momentum seem to be working for Golem; Analysts have targeted the price between $0.2 -$0.3 for the year-end.

Conclusion:

Golem is considered as the future of cloud computing. As such, a great investment for the long term. Existing investors should wait and hold the coin. Short term investors should be careful before investing.

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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