Price Analysis

Golem Price Analysis: Will Short-Term Bull Momentum Continue for Golem (GNT)?

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  • Short-term momentum appears to be bullish for Golem coin.
  • GNT coin is listed on many prominent exchanges

Launched in 2016, Golem is an Ethereum based network that makes use of GNT token to operate a system for idle computing. GNT is easily transferable and listed on many prominent exchanges. Graphene release in July 2019 is as per plan. Launched a Beta product recently. Short-term momentum appears to be picking up for the coin. GNT is showing stability in the current phase after some price oscillations, which had been happening over the past few months.

Latest Statistics From Golem Price Chart:

As on June 21, 2019, at 5:13:04 UTC, statistics as below:

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Golem Price Chart - 21 June
Golem Price Chart
  • The current price of GNT is $0.09261913
  • Current Market Cap is around $88,904,085
  • 24-hour volume is at $1,835,596
  • GNT has a huge ROI of 512.97 %, indicating that it has continually given returns on investments higher than expectation
  • Circulating supply is at 963,622,000 GNT
  • 90 Day High/Low is $0.118075 /$0.065322

Golem Price Comparison:

As per the 3-month comparison, the price took a high of $0.10633832 on April 3 but spiraled downwards to a low of $0.06867425 on May 10 after a gap of 36d 19h, showing the downward movement to the tune of 37.08%. The price again rallied to $0.10722009 on May 16 after a gap of 5d 21h showing an upward movement of 56.31%. The price volatility continued, and the price was again low on June 4 at $0.08353833 after a gap of 19d 16h, the movement being to the extent of 22.56%. It shot up again on June 12 to $0.10961345, the movement being 31.21%. Today’s price being $0.09261913, the downward movement has been 15.51%. The price movements have been in the range of $0.06-$0.10, which indicates that Golem has been slowly picking up.

Golem Coin Price Prediction:

In the current phase, things seem to be looking positive for GNT. The cryptocurrency market is based on speculation, but one cannot ignore the price uptrend in GNT over the past months. Looking at the past track record and current momentum, Analysts feel investors/traders have much to gain from the coin and target the price between $0.3 – $0.4 for the year-end.

Conclusion:

Investors should consider all events into consideration before investing, as GNT is a great investment for the long-term. Speculative short-term investors may not gain much because of slow and stable price movements taking place in the coin. It has to be seen whether these developments in the coin will take the coin to greater heights.

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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