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Since it was launched, the Golem token has existed as a network. Allowing peer-to-peer distribution of virtual assets, including idle computing power. Examples of programs are being developed by using the module network. They are machine learning, Information analysis, rendering of videos and images, and video transcode assistance among others. The Golem token is a decentralized network hence there is no primary authoritarian. Hence, there is no token holder who is more significant than the other. For one to use the GNT they are required to pay for the computations on the network. In addition, the GNT is the currency that pushes the marketplace. As an applicant, you set up an auction for an amount of Golem Token that you are prepared to pay to get your job done. Moreover, as the service provider, you gain GNT by calculating tasks for the requesters. You can define your minimal and maximum price levels in your parameters. The Golem Project was first brought to the public’s eye in 2016. However, it was officially launched in 2018.It became among the first blockchain programs to collect funds from crowdfunding to build the network. Its founders are Julian Zawistoki,Piotr Janiuik,Aleksandra Skrzypczak ajnd Andrzej Regulski.It was first built on the Ethereum layer 2 but it currently uses the ERC-20 format.
Current price prediction
Golem to USD Chart
In the 7-day chart, the token started on high trading at a price of $0.3974 and a 24-hr trading volume of $8.34M. In the next few days, the token was at a high but immediately started going on a downward trend. As of the time of writing, on the 4th of May, the coin is trading at a price of $0.341 and a trading volume of $3.86M in the last 24 hours. In the last 24 hours, overall the token has had a high of $0.3539 and a low of $0.3397.The token has recorded a down of 1.92%. The overall price of the token is $0.3413.Additionally, the token has had a 24-hour trading volume of $3,865,320 USD. The signal line is crossing the MACD slightly indicating a selling signal. Moreover, the token shows a decline in volatility this is because the bands are tightening on the 25th of April. The upper band on the 7-day chart is at the $0.47, showing the support it has for the token price however, the lower band had dropped down to $0.38 and recorded a $0.3991 on the moving average. The RSI is at 29.56 indicating a bearish trend.
Technical Analysis
On the 7-day price analysis summary, the overall summary of the token is indicating a strong sell of 12 out of 26 and a 0 out of 26 buy. Additionally, the moving average shows a strong sell of 10 out of 26 and a 0 out of 26 buy. Also in the oscillators, it shows a 2 out of 26 sell and a 0 out of 26 buy.
Financial Influencers' View on Golem price prediction
The Youtube financial influencer David, says that the token is right now good for the short-term investors. This is because there is an upward and downward trend. He says that by the end of 2022 the coin will have reached $1
Reasons Why you Should Invest in Golem
The Golem Token is making steps in the crypto ecosystem with its diverse technology. Additionally, it can be bought everywhere. It is currently marked number 147 in the coin market cap showing that it is making improvements in the market. Here are some of the reasons why you should invest in the coin:
- They have an effective team working towards the growth of the token.
- It is a global platform and has new users who will make the token grow.
- They have the first version of the brass Golem
- It is listed in almost every exchange platform.
- It secures the users' data.