Price Analysis

Golem Price Analysis: Will Golem (GNT) Reap Profits in The Long Run?

  • GNT is listed on many exchanges – An indicator of its immense popularity
  • Golem projects to spearhead the change in cloud computing
  • Price fluctuations over the past 24 hours indicate volatility within a stable price range.

Golem (GNT) network is a decentralized sharing platform of computing power, where anyone can make money out of renting their computing power or developing and selling software. It makes it easier for users to decide how much of their unused resources they would like to rent out. Golem is rightly called the’ Airbnb’ of the computing world. Golem projects are expected to revolutionize the computing space. Golem price is known for its stable run even in a bear market. Let’s have a look at the statistics to have a better insight into the price of Golem.

Latest Statistics Of Golem Coin:

On June 25, 2019, at 5:29:10 UTC, current statistics are as below:

Golem Price Chart - 26 June
Golem Price Chart
  • The market price of GNT is $0.09742754
  • Market Cap is around $95,657,512
  • 24-hour volume is at $2,829,044
  • Circulating supply is at 964,450,000 GNT with a high ROI of 558.97 %
  • 24-hour High/Low is $0.101853 /$0.094455

Golem Price Comparison:

Over the last 24 hours, the price of GNT was at $0.09717273 during the early hours of June 25. It rallied to 0.09928569 within a span of 4h 29m indicating a jump of 2.39%. The price then slid to $0.09457746 within 7h 10k, showing a downward movement of 4.65%. It again went up after 5h 40m to $0.09611625 indication upward trend to the extent of 1.68%. The price was again low at $0.09446262 in 5h 1m, showing a downward movement of 1.72%. Current day’s price is $0.09742754, which is marginally up by 3.18%, indicating that the altcoin’s price fluctuations have been happening within a stable price range.

Golem Price Prediction:

Though 2019 began on a low note for Golem, the coin has been slowly getting into the bull mode over the past few months. Golem aims to provide real-life solutions to harness processing power and change the way cloud computing works. Its projects are being developed with this mission in mind. The price stability of Golem over time also adds to its value. Investing now in GNT has the potential for enormous returns in the future. Analysts feel Golem should be considered as a serious investment for the long-term and based on past and current developments, predict the year-end price to be around $0.2.

Conclusion:

Long-term investors can go all ahead and buy the coin. Short-term investors looking for gains should watch the market and take the plunge.

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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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