Price Analysis

Golem Price Analysis: Is Golem (GNT) Rightly Called the Internet Of Tomorrow?

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  • Marketplace with potential earnings for idle computing resources
  • Price variations over the past few months post a stable outlook for the coin

Golem (GNT) is a decentralized blockchain platform based on the Ethereum. It is the world’s first marketplace idle computing resources. Users have full control over their usage and potential earnings. Developers are the crux of Golem’s network. Golem Coin price has been showing stable variations over the past few months. The price range has fluctuated in the range of $0.05 -$0.10. It is to be seen whether it would be able to reach its target of $0.3 by the year-end.

Latest Statistics From Golem Price Chart:

On June 20, 2019, at 6:15:53 UTC, current statistics are as below:

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Golem Price Chart - 20 June
Golem Chart by Trading View
  • The market price of GNT is $0.0952822
  • Current Market Cap is $92,126,787
  • 24-hour volume is at $1,647,168
  • ROI is at 535.19% at a Circulating supply of 963,622,000 GNT.
  • 52 Week High / Low is $0.407495 / $0.053155

Golem Price Comparison:

The price of GNT has been showing stable variations over the past few months. With a low of $0.05470493 on Feb 6, the price rallied to $0.10215419 on April 7 showing an upward movement of nearly 85.91%. It then plummeted to $0.06574298 on May 9 showing a variation to the tune of 35.24%. The price again jumped to $0.10373105 on May 28, upward movement to the extent of 60.84%. Today’s price is $0.0952822, which is lower to the extent of 7.7%, which is a good indicator of stability. These price movements indicate that Golem has been moving upwards regularly.

Golem Coin Price Prediction:

Golem is known as the “Internet of tomorrow,” and also is a well-funded blockchain network. Partnerships with major industry players have also added to its value. The releases in the coin are eagerly awaited, which should make the coin more accessible and user-friendly. Though 2019 began on a low note for all cryptocurrencies, the bull phase has begun for most of the coins. Golem has also jumped into the race, the price variations over the last few months being an indicator. Analysts are hopeful about the coin’s growth aspects and predict that it should touch its target price of $0.3 by the year-end.

Conclusion:

The bull momentum should be long term for the coin. Investors can go ahead and invest in the internet of tomorrow. The coin with a vision to change the idle computing marketplace looks all set for a bright future.

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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