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Golem

Golem priceGLM

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Quote currency:
USD
GLM
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USD
1 GLM = 0.3453 USD
Last updated 2024-02-20 22:21:03(UTC-0)

Golem price live data summary

The live price of Golem is $0.3453 per (GLM / USD) today with a current market cap of $345.28M USD. The 24-hour trading volume is $493.97M USD. GLM to USD price is updated in real time. Golem is +41.35% in the last 24 hours. It has a circulating supply of 1,000,000,000 .

What is the highest price of GLM?

GLM has an all-time high (ATH) of $1.25, recorded on 2018-01-08.

What is the lowest price of GLM?

GLM has an all-time low (ATL) of $0.008797, recorded on 2016-12-12.

When is a good time to buy GLM? Should I buy or sell now?

When deciding whether to buy or sell GLM, you must first consider your own trading strategy. The trading activity of long-term traders and short-term traders will also be different. The Bitget GLM technical analysis can provide you with a reference for trading.
According to the GLM 4h technical analysis, the trading signal is Strong buy.
According to the GLM 1d technical analysis, the trading signal is Strong buy.
According to the GLM 1w technical analysis, the trading signal is Strong buy.

Golem price performance in USD

24h7d30d90d1yAll-time
+41.35%+61.06%+53.69%+42.80%+26.33%+2194.02%

Golem price history in USD

TimeLowHigh
24h$0.2443$0.3683
7d$0.2134$0.3517
30d$0.1949$0.3683
90d$0.1949$0.3683
1y$0.1583$0.3686
All-time$0.008797(2016-12-12, 7 years ago )$1.25(2018-01-08, 6 years ago )

Golem market information

Market capCombinedShapeIcon
$345,279,298.86
+41.35%
Fully diluted market capCombinedShapeIcon
$345,279,298.86
+41.35%
Volume (24h)CombinedShapeIcon
$493,974,728.8
+2989.96%
Market rankingsCombinedShapeIcon
Circulation rateCombinedShapeIcon
+100.00%
24h volume / market capCombinedShapeIcon
1.4306
Circulating supplyCombinedShapeIcon
1,000,000,000 GLM
Total supply / Max supplyCombinedShapeIcon
1,000,000,000 GLM
-- GLM
ICO price
$0.01000 ICO details
share

Golem ratings

Average ratings from the community
4.4
100 ratings
This content is for informational purposes only.

Golem Social Data

In the last 24 hours, the social media sentiment score for Golem was 0, and the social media sentiment towards Golem price trend was Bearish. The overall Golem social media score was 114,326, which ranks 148 among all cryptocurrencies.

According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 868,703 times, with Golem being mentioned with a frequency ratio of 0.01%, ranking 278 among all cryptocurrencies.

In the last 24 hours, there were a total of 0 unique users discussing Golem, with a total of Golem mentions of 52. However, compared to the previous 24-hour period, the number of unique users decrease by 0%, and the total number of mentions has increase by 300%.

On Twitter, there were a total of 3 tweets mentioning Golem in the last 24 hours. Among them, 0% are bullish on Golem, 33% are bearish on Golem, and 67% are neutral on Golem.

On Reddit, there were 0 posts mentioning Golem in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 0% . Additionally, there were 0 comments mentioning Golem. Compared to the previous 24-hour period, the number of mentions decrease by 0%.

All social overview

Average sentiment(24h)
0
Social score(24h)
114.33K(#148)
Social contributors(24h)
0
0%
Social mentions(24h)
52(#278)
+300%
Social dominance(24h)
0.01%
Twitter
Tweets(24h)
3
0%
Twitter sentiment(24h)
Bullish
0%
Neutral
67%
Bearish
33%
Reddit
Reddit score(24h)
0
Reddit posts(24h)
0
0%
Reddit comments(24h)
0
0%

About Golem(GLM)

What Is Golem?

Golem is a decentralized marketplace for computing power, operating on a blockchain-based software system. Founded by the Golem Factory in 2016, with its network officially launching in 2018. Golem aims to democratize access to digital resources, fostering a global peer-to-peer supercomputer that resides in the cloud. This initiative has garnered a massive user base across continents, enhancing both its value and utility.

Golem facilitates the seamless buying and selling of computational power for a myriad of applications including artificial intelligence, cryptocurrency mining, and computer-generated image rendering. By leveraging blockchain technology, Golem nurtures an ecosystem where users can trade computational resources with autonomy over pricing and availability, thereby revolutionizing the traditional cloud computing sector.

Resources

Whitepaper: https://assets.website-files.com/60005e3965a10f31d245af87/60352707e6dd742743c75764_Golemwhitepaper.pdf

Official Website: https://www.golem.network/

How Does Golem Work?

Golem operates as a decentralized supercomputer, amalgamating the computational power of its users to foster more ambitious software solutions in the market. Built on the Ethereum blockchain, Golem utilizes the expansive Dapp and DeFi ecosystem to enhance user experience, maintaining network validity and security. This network connects buyers and sellers in a manner that allows them to offer computations at a reduced rate compared to conventional platforms.

The Golem network is adept at handling tasks that necessitate substantial processing power, such as rendering CGI elements. It employs a fraction of the computational power supplied by sellers in the peer-to-peer market to accomplish tasks almost instantaneously, bypassing the expensive and time-consuming processes associated with traditional cloud computing service providers.

Furthermore, Golem is equipped with developer support, encouraging creators to innovate and develop immersive Dapps. Its open-source nature and cutting-edge architecture foster efficiency and security, promoting creativity within the community. This flexible protocol stands as a viable alternative to centralized cloud computing providers, offering transparency, accessibility, and protection against data breaches.

What Is GNL Token?

The GLM token, initially introduced as the GNT token, serves as the utility token of the Golem network. Users can use GLM tokens to rent computing power or execute smart contracts on the Golem network. Moreover, individuals can earn GLM tokens by sharing their unused computational power with others, fostering a vibrant market for those seeking to sell or rent computer power. GLM has 1,000,000,000 tokens in total supply. All of them are in circulation.

Golem's Impact on Finance

Golem's inception marks a significant shift in the financial landscape, particularly in the decentralized finance (DeFi) sector. By offering a cost-effective avenue to secure returns on unused computer power, Golem has carved a niche in the market, providing users with an opportunity to profit from their computational resources. Moreover, Golem's censorship-resistant approach offers an unrestricted, proxy-free network, mitigating the prevalent issues of content censorship in the market.

However, Golem faces stiff competition in the distributed computing sector, with several projects offering similar solutions. To secure a substantial market share, Golem needs to continually innovate and develop products that surpass those of its competitors. Despite the challenges, Golem's unique value propositions and its commitment to fostering a micro-economy powered by the Golem cryptocurrency have garnered immense attention, especially among software developers.

What Determines Golem's Price?

In the dynamic world of cryptocurrencies, the Golem token price is influenced by a myriad of factors that resonate with both its technical prowess and market sentiments. The Golem (GLM) price today mirrors the decentralized architecture that empowers individuals and businesses to share unused computational resources, fostering a global peer-to-peer supercomputer. This unique proposition has been a cornerstone in determining the Golem cryptocurrency price, offering a cost-effective alternative to mainstream cloud computing services and attracting a substantial user base. Moreover, the GLM token price is closely linked to developments within the Ethereum ecosystem since Golem capitalizes on Ethereum's extensive Dapp and DeFi infrastructure to enhance user experience and network security.

As we delve deeper into the Golem crypto price forecast, it is imperative to consider the role of the GLM token, an asset adhering to the Ethereum ERC-20 standard. The Golem (GLM) price prediction is often dictated by the utility and demand for GLM tokens, which facilitate the renting of computing power or the execution of smart contracts on the Golem network. Furthermore, GLM price analysis must incorporate the increasing adoption rates since its inception in 2016 by the Golem Factory, a Swiss entity led by prominent figures such as Aleksandra Skrzypczak and Julian Zawistowski. The Golem price history reveals a trajectory of growth, spurred by its dedication to creating a censorship-resistant, transparent, and accessible platform, attracting a substantial number of developers and content creators.

Taking a broader view of the Golem GLM price in USD, it becomes clear that the Golem network's supercomputing capabilities have distinguished it in the competitive domain of decentralized cloud computing platforms. The Golem token price chart reflects the network's capacity to offer unprecedented computational power at a fraction of the cost, presenting itself as a practical option for researchers and developers pursuing ambitious software solutions. As we monitor the prospects of the Golem cryptocurrency future, the unique value propositions, vibrant community, and robust developer support appear to be central in shaping the real-time developments in the Golem (GLM) price live. Therefore, for those seeking to stay updated on the current Golem token price, it is wise to keep a close eye on the community developments and the broader Ethereum ecosystem, as they are poised to be significant indicators in the unfolding GLM cryptocurrency news and shifts in the Golem price graph.

How to buy Golem (GLM)

Buying Golem on Bitget is fast and simple.
You just have to create an account, complete identity verification, deposit funds, and your trading journey is all set!
For more information, refer to How to buy Golem (GLM) .

Trade GLM perpetual futures

After having successfully signed up on Bitget and purchased USDT or GLM tokens, you can start trading derivatives, including GLM futures and margin trading to increase your income.

The current price of GLM is $0.3453, with a 24h price change of +41.35%. Traders can profit by either going long or short onGLM futures.

Join GLM copy trading by following elite traders.

After signing up on Bitget and successfully buying USDT or GLM tokens, you can also start copy trading by following elite traders.

People are also inquiring about the price of Golem.

What is the current price of Golem?

We update our Golem to USD price in real time. Get the live Price of Golem on Bitget.

What is the 24 hour trading volume of Golem?

Over the last 24 hours, the trading volume of Golem is $493.97M.

What is the all-time high of Golem?

The all-time high of Golem is $1.25. This all-time high is highest price for Golem since it was launched.

Can I buy Golem on Bitget?

Yes, Golem is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy Golem guide.

Can I get a steady income from investing in Golem?

Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

Where can I buy Golem with the lowest fee?

We're pleased to announce that strategic trading platform is now available on the Bitget exchange. Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders.

What is use case of Golem?

Golem is a decentralized computing network on Ethereum, created in 2016. It taps into idle computer power worldwide, speeding up complex tasks. It uses Golem Network Tokens (GLM) for transactions. Golem operates without central control, letting users become providers (offering power) or requesters (needing power). GLM payments go to providers, set through auctions. In 2020, Golem transitioned from GNT to GLM for network improvement. It functions via task subdivision and parallel processing, secured by Ethereum smart contracts. Developers can use the Golem SDK to create various applications for the network, from simple tasks to complex projects.

Is Golem a good investment?

Golem is a pioneering blockchain concept that leverages global idle computing power for efficient and speedy tasks. Built on Ethereum, it benefits from Ethereum's robust infrastructure and smart contracts for secure automation. Golem caters to both individuals and businesses, offering passive income to individuals and cost-effective computing solutions for companies. Its strong community and the potential for further growth in the emerging field of decentralized computing power make it an intriguing investment prospect.

What is Golem price prediction?

The price of GLM, Golem's native token, is influenced by several key factors. Demand for Golem's services, network development and improvements, and the general sentiment in the crypto market all play a significant role in determining GLM's price. Increased demand for Golem's computing power services, ongoing network enhancements, and positive market sentiment can drive up the price of GLM.

How are the token distibuted?

Golem employs the GLM token as its internal currency, with a total supply of 1 billion tokens. These tokens were distributed in a crowdsale in 2016, with 82% going to sale participants, 12% to the Golem Factory, and 6% to the project's founders. GLM tokens are used to purchase and sell computing power within the Golem network. Providers of computing power earn GLM tokens as rewards, while users in need of computing power use GLM tokens for payment.

Can you stake Golem?

In June 2023, Golem currently does not have staking functionality available. Users can acquire GLM tokens by contributing computing power to the network. It is possible that staking features will be explored in the future to bolster network security and decentralization.

Is Golem safe?

Golem utilizes a reputation system to safeguard its network against malicious actors. Upon task completion, users are rated, contributing to the reputation of Providers and Requestors, which helps identify and deter malicious nodes. Currently, Golem relies on Ethereum's Proof of Work (PoW) consensus mechanism for network security. However, it is poised to transition to the Proof of Stake (PoS) protocol once the Ethereum 2.0 upgrade is finalized, ensuring enhanced security and efficiency.
Cryptocurrency investments, including buying Golem online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy Golem, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your Golem purchase. This page and any information included are not an endorsement of any particular cryptocurrency.

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GLM is available for trading on the Bitget Exchange, and can be held in custody on Bitget Wallet. Bitget Exchange is also one of the first CEX platforms to support GLM trades.
You can trade GLM on Bitget.

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