Golem Price Analysis: Will Current Stable Price Trend Continue For Golem (GNT)?

  • Aims to change the Cloud Computing landscape
  • Future releases to boost its marketability
  • Current price movements on track to achieve a year-end target of $0.03

Golem (GNT), based on the Ethereum platform, is the first of its kind marketplace for utilizing idle computing resources which can also be monetized on the blockchain network. Developers form the backbone of Golem’s ecosystem. Future releases of Golem are awaited with a lot of anticipation across the Golem community. Though the 5-day price movements have shown short-term fluctuations, the price is still stable and moving upwards slowly and steadily.

Latest Statistics of Golem Coin:

On June 22, 2019, at 6:21:04 UTC, current statistics are as below:

Golem Price Chart - 22 June
Golem Price Chart
  • Market price of GNT is $0.09488763
  • Current market cap is around $92,196,784
  • Current market rank is 84
  • 24h volume is at $ 2,632,970
  • ROI is a good 535.68% at a Circulating supply is at 963,622,000 GNT.

Golem Coin Price Comparison:

Over the last five days, GNT price has seen a lot of oscillations. From a high of $0.10211632 on June 18, the price plummeted to $ 0.09345063 on the same day after a gap of 19h 10m showing a downward movement to the extent of 8.49% in a day. The price again went up to $0.09773279 on June 20, showing a marginal rise of 4.80%. It again plunged to $0.09198101 on June 21 in the morning showing a downward movement of 5.86%. In the same day, the price went up to $0.09932911 after a gap of 9h 10m showing an upward movement of 7.99%. Today’s price is $ 0.09488763, which is a negligible increase to the extent of 1.08%. This indicates that the price has been oscillating in the range of $0.09 – $ 0.10, indicating that the slow and steady uptrend has begun for the coin.

Golem Price Prediction:

A fundamentally sound coin which stably braved the 2018 bear market, has lots to offer. Investors and users are eagerly awaiting the releases of Golem, which will increase the transaction speed. Hailed as the future of the internet, Golem has much to prove. The price movements have been positive of late, considering the bearish phase at the beginning of the year. Known to be a stable coin, according to Analysts, the price should be able to maintain its current momentum and reach a target of $ 0.3 to $0.4 by the year-end.

Conclusion:

Investors can take hold of this opportunity and buy the coin at the current price. Golem is a great investment option for the long-term investor. Golem has taken on the mighty challenge of competing Cloud Computing industry bigwigs again. It has to been seen whether it would be able to withstand the heavyweights and live up to its expectations.

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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