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Price Analysis

Golem Price Analysis: Will Golem (GNT) Continue To Be A Profitable Investment?

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  • One of the more ambitious blockchain project launched in recent times
  • GNT price seems to be moving towards stability

Golem released in 2016 aims to provide an alternative to big data solutions on the blockchain platform. The system works by exchanging computing power for GNT through an interface. Golem aims to solve real market problems with its advanced technology features. Based on the Ethereum network, has been one of Ethereum’s most ambitious apps to date. The price of GNT over the past 5 days was in the range of $0.09-$0.10, showing a stable trend.

Golem Coin Latest Statistics:

As on June 25, 2019, at 5:20:07UTC, statistics as below:

Golem Price Chart - 25 June
Golem Price Chart
  • The current market price of GNT is $0.09938960
  • Current market cap is around $94,750,795
  • 24 h volume is at $1,349,002
  • ROI is growing at 552.72 %
  • Circulating supply is at 964,450,000 GNT

Golem Coin Price Comparison:

The 5-day price comparison for Golem coin shows a lot of variations. Still, the price has been steadily showing an upward swing. From a low of $0.09187138 on June 20, the price shot to $0.09930244 on June 21 within a span of 21h 40m to the extent of 8.28%. It fell to $0.09377316 on June 22 within a gap of 9h; price movement is to the extent of 5.64%. The price rallied to a high of $0.10307080 on June 23 within 1d 17h 5m to the extent of 9.95%. On June 24, the price fell to $0.09553408 to the extent of 7.31%. Today the price has moved up to $0.09938960, showing a slight movement of 4.19%.

Golem Price Prediction:

An analysis of the price movements during the bear phase of 2018 showed great price volatility for most cryptocurrencies, but Golem was one of the few coins which managed to hold ground. 2019 also did not begin on a positive note, but things seem to have changed now, the price movements of the past few months being an indication. The current price momentum seems to be working in favor of Golem. Present developments taking place on the platform will further contribute to the strength of the platform and an indicator of bigger things to come. Analysts expect the present momentum to continue and price to further stabilize, setting the year-end target to the extent of around $0.2 – $0.3.

Conclusion:

Though the long-term price prediction for Golem (GNT) is pretty bullish, investors should wait and watch the developments carefully before making any investment. Speculative investors better wait for the market to show some more stability before speculating.

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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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