Golem Network is an open-source and decentralized platform that enables everyone to use and share computing power without relying on centralized cloud computing corporations. This approach accelerates and powers projects across various fields, including scientific research. By connecting users worldwide, it enables the sharing of unused computing power and access to additional resources as needed, democratizing digital capabilities and fostering a community of mutual benefit.
Article Content: Read about Golem Price Prediction 2024-2030, Is Golem a Good Investment, How to and where to buy GLM Tokens?
| Last 7 Days | +69.5% |
| Last 1 Month | +70.6% |
| Last 12 Months | +40.2% |
Golem coin price is up over 65% in the last 7 days and has now cleared the $0.25 resistance level. What are the Signals and Predictions?
UTC: Feb 24th, 2024 02:45 PM
| Overall Outlook | Partially Bullish |
| 1. Market’s Wisdom | Partially Bullish |
| 1a. Market Data | Neutral |
| 1b. Technical Recommendation | Buy |
| 2. Crowd’s Wisdom | Neutral |
| 2a. Social Media Buzz | Steady |
| 2b. Social Media Sentiment | N/A |
Recent upgrades announced by Golem along with the wider market pump have helped pump Golem over the last 24 hours. With Golem reaching the $0.35 level, the next target is $0.56. Some influencers have even put out a target of $1.
However, it must be noted that 60% of the Trading volumes come from one exchange Upbit. So the current surge has all the signs of a Pump and Dump scheme. GLM is facing resistance at $0.40 price level with immediate support of $0.30.
Technically, Golem is overbought and due for reversal but with the majority of the technical indicators positive for GLM, the price is expected to reverse once again and retest the $0.40 resistance.
UTC: Feb 24th, 2024 12:09 PM
Net Buy Rating = Buy% – Sell%
Golem Network offers scalable and cost-effective decentralized computing solutions, allowing users to embark on a wide range of projects, from rendering 3D animations to running sophisticated AI models. Providers in the network can monetize their available computational power by joining the decentralized platform, contributing to various computational projects, and receiving GLM tokens in return.
The launch of the Golem GPU Beta Testing Program marks a significant step towards building a decentralized infrastructure for developers and AI companies, responding to the increasing demand for computing power in AI projects and expanding the Golem ecosystem.
The Golem ecosystem is supported by the Golem token ($GLM), which facilitates transactions between Providers, who offer computing resources, and Requestors, who utilize these resources. This economic model promotes a balanced, self-sustaining network, encouraging innovation and growth in the decentralized space.
Top 5 Exchanges where Golem tokens are available for trade on the Upbit, OKX, Binance, BtcTurk|Kripto, and Bitrue exchanges.
Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view of the likely trends in Cryptos or Stocks. Please consult a registered investment advisor to guide you on your financial decisions.
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