Golem Price Analysis: Will Golem’s (GNT) Price Outwit the Market’s Expectations?

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  • Aims to create a global open-sourced supercomputer for utilizing unused computing resources
  • Current price movements put the coin to track to achieve a year-end target of around $0.03

Golem (GNT), based on the Ethereum platform, is one of the better-funded crypto projects because of its useful technology and competent team, Golem’s concept is slowly gaining popularity in the Blockchain world. The price of Golem has recovered from the bear run of 2018 and is all set to consolidate its stable run in the crypto market. The YTD price movements have shown a positive curve for Golem, indicating that GNT is here to stay.

Current Statistics of Golem Coin-

On June 28, 2019, at 5:57:30 UTC, current statistics are as below:

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Golem Price Chart - 28 June
Golem Price Chart
  • The market price of GNT is $0.08605332
  • Current market cap is around $83,408,368
  • 24-hour volume is at $2,821,174
  • ROI is a good 474.59% at a Circulating supply of 964,450,000 GNT
  • 52 Week High/Low – $0.407495 / $0.053155

Golem Coin Price Comparison

The YTD price comparison of Golem shows mainly an upward price movement within between short-term price fall. As on Jan 9, the price of GNT was at $0.07522157. It fell to $0.05304154 on Feb 6 after a span of 28d, the movement being 28.23%. The price then shot up to $0.10432302 on Apr 4, showing a huge price rally of 97.57% in 60 days. It again went downwards to the extent of 35.28% on May 10 at $0.06877206 after a gap of 33 days. The price picked up again on May 29 at $0.10358110 after a span of 19 days; the movement is to the extent of a good 53.07%. It again had a brief fall on June 9 at $0.08591832 in 11 days; the downward swing was to the extent of 17.27%.  Today the price has marginally recovered to $0.08605332, showing a negligible movement of 0.11%.

Golem Price Prediction:

Getting over the bear phase of 2018 took some time, but now Golem seems to have gained the right momentum to surge ahead. Its vision of changing the idle computing market scenario by providing the services at low cost coupled with taking on the might of industry stalwarts like Microsoft, Alibaba has made investors sit up and watch the developments taking place in the coin. Analysts are also bullish about the future potential of the coin and expect GNT to reach a target of around $0.2 by the year-end.

Conclusion:

Golem is considered the future of the internet. Long term investors can expect a good bargain by investing in the coin. Short-term and speculative investors can gain by keeping track of the price movements.

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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