Golem is a decentralized network with a group of best software developers who develop software and technology solutions globally. It creates a global market for computing power, and the computing resources are accessible across the platform. It provides decentralized microservices and asynchronous task execution. Flexible tools help the developers to create and distribute, and also monetize their software solutions. All these services are available for a fee comparatively less than competitors. The Golem ecosystem aims to provide software development, machine learning, and scientific calculation, which are the future of internet blockchain available and accessible for everyone.
|Price Change 24H||-2.05%|
|Price Change 7D||+3.83%|
|Market Cap||$ 469,130,992|
|Circulating Supply||1,000,000,000 GLM|
|Trading Volume||$ 15,993,166|
Golem was introduced in Switzerland in the year 2016 by the Golem factory. It was co-founded by Julian Zawistowski, Andrzej Regulski, Piotr Janiuk, Aleksandra Skrzypczak. The network launched in 2018, and the ICO price of GNT at that time was 1 cent. When the craze of cryptocurrency was manipulated, Golem exploded from its price levels. And GNT exhibits a sudden rally to $1, which was surprising and an overbought position for a new cryptocurrency at that time. The ecosystem includes individual and professional computer programmers, Golem application registry, requestors, and providers. Golem project’s native coin is called GLM, which was migrated from GNT.
Features of Golem (GLM)
The flexible open-source Golem platform allows peer-to-peer networks, which give grants to both application owners and users to rent providers’ resources. It is characterized by accessibility, open access, censorship-resistant protocol, and flexibility. The unstoppable ecosystem is a boon for software developers. SDK helps to grip their creativity and showcase talent to the world.
The computing power can be contemplated as both infrastructures as a service and software as a service. The payment systems are easily accessible, cheap, fast, and secure. The provider installation has been set up on the Ethereum Mainnet, so when the provider launches it, he will get a GLM token as a reward. On October 11, 2021, they announced the beta three release, which supports VPN in customer usage service. The company has introduced Thorg, the first mining app built-in golem, which is expecting to provide higher-level community engagement. Golem conducts a reward management program frequently, which ensures building a huge customer base for the platform.
The roadmap of the Golem has been divided into Brass, Clay, Stone, Iron. It has collaborated with alchemy with a project called ‘get to know life @Golem.’ Golem believes in the opportunities of Web3 and partnered with Hoard, which is an expert in the game development field. They have been associated with better developments in the system. Its continued up-gradation in technology standards provides software developers to track and run with the software innovation world.
GNT to GLM Migration
Golem Network token GNT is migrated into GLM. GNT was the former token of the Golem Network, which has started to migrate into GLM by the end of 2020. GLM is an ERC20 token. Its significant transaction costs have applied the fee of migration transaction is in Ethereum because Golem’s new transaction network is constructed in Ethereum layer-2. Still, this migration process is going on.
The reason behind the migration is that the coin launched in 2016 ERC20 token was not much popular. ERC20 is now freely accessible in layer-2, DeFi, and decentralized exchanges. Increased acceptance, ease of use, and flexibility of ERC-20 have made Golem migrate into a new coin. There are mainly three options for migration, first is migrating with the web application of Golem called Metamask. The second is migration from the Golem app if you have an additional Ethereum account. The third is importing Golem keys to Metamask.
Market Status of Golem
The market cap of Golem is $470,180,282, with a circulating supply of 1,000,000,000. Currently, most of the digital coins are trading in Red and flat after a massive rally. Only certain coins are up on the week due to the positive announcements.
GLM gave an 47.7% return to their investor in the last six months and 3% negativity last week. Even though it takes another three years to cross the all-time high of GLM on Golem price prediction, it should be noted that the business model and services provided by the platform are highly demandable. The contemporary technology world is looking at the decentralized system and advanced blockchain technology platform, which also has enormous growth potential.
The Golem cryptocurrency chart has been spotted with moderate bearishness. Even though Golem GLM is slightly negative for the day, volume oscillators are not showing any strength.
Analyzing the resistance and support levels on the daily chart- the next resistance level is $0.50. If GLM Price can cross the near-term hurdle, it can test the resistance level at $0.6361. the immediate support level is $0.4510, and the major support level is $0.400. Fear and greed index is 60; traders are confused on both the options: buy Golem or sell Golem. The indecisiveness of Golem price prediction 2022 is strongly backed by global sentiments and the huge volatility of the crypto market.
Major technical indicators for short-term price predictions on the daily chart data – Relative Strength Index (RSI) is 50, which is a neutral indication. MACD line is not able to cross the Signal line. The price of Golem is moving above 200 DMA but failed to overcome the value of 20 DEMA and 50 DEMA.
Based on technical analysis and GLM price prediction, even though the current price of Golem cryptocurrency is moderately bearish, The high risk of GLM coin does not give a proper indication or confirmation on price change. Investors and traders can wait to confirm the trend above the resistance level before making a short-term investment. Based on the near-term Golem forecast, it is expected to trade in sideways for a short time if no news or cryptocurrency market bullishness is backed.
Golem Price Predictions: 2022-2026
Golem price predictions for the future show that it is a profitable investment that provides a good return for the long term. Forecasts for five years show Golem GLM be worth $2, which is around three times profitable than its current value. As per experts’ forecasts, invest in dip and wait for changes in prices.
The price-volume trend of the long-term price chart from 2018 to 2021 seems interesting. Note the significant price change on the chart. The price to volume indicator is highly volatile, which indicates some time the coin has been manipulated, and price and volume have discrepancies in behavior. Now, even if the price is trying to push high, the volume has not increased much compared to previous trading sections. The reason behind such a conflict is the high volatility of the crypto market, which fluctuates and for every single change in the economy. Over the time period, cryptocurrencies are expected to be highly demandable since they abolish the concerns, transaction time, and charge of fiat currencies.
Golem Price Prediction 2022
Golem forecast data for 2022 is moderately bullish. At the beginning of the year, prices will be trading in $0.64 ranges, and once the GLM price cross this level, Golem be worth investing to touch a maximum of $0.86 by the middle of the year. Based on the long-term forecasts, the Golem will trade with an average price of $0.72. Traders can invest in Golem for the medium-term to gain significant profits from their investment.
Golem Predictions for 2023
The price prediction Golem for 2023 from all experts anticipating that the Golem price will hit the highest price level of $1 in the beginning and crosses $1.2 in the middle of the year. The average price of Golem for 2023 is $1.11.
Golem (GLM) Price Prediction 2024
Investment in any financial avenue always expects the value of the company will increase in the long term. Similarly, traders and investors can expect a price rise in the future price of Golem. In 2024, Golem might trade with an average price of $1.25 and is expected to surpass $1.4 in the same year as per our forecast.
Golem Price Prediction 2025
Golem enthusiasts are bullish on the Golem forecast for 2025. Golem price outshines the maximum level of $1.65 by the middle of the year. Crypto is known as the future of currencies. The entire crypto market is predicted to be bullish for the year.
Golem Price Prediction 2026
Based on our forecast, it is likely that Golem will cross the $2 price mark, and it may continue the bull run for the whole year. In 2026, the price of Golem is predicted to be around a minimum price of $1.5. It can cross a maximum value of $2.12 with an average trading value of $1.64.
Frequently Asked Questions
Is the Golem is a good investment?
Golem GLM on our price forecast showing it will give a good return in future. Investing in the Golem will be profitable in a future perspective. Golem price prediction depends on various factors, so it is not necessary that the future will touch the same levels. Before investing, traders should do their own research and take investment advice from experts.
How much will Golem be worth in 2030?
Based on our forecast, Golem holds an outstanding potential to reach new heights. It is expected that the Golem price will hit the highest price of $3 by 2030.