Price Action
Since last week, Golem Network Token’s price went up by 2.25%. It is below its 20 day moving average by 2.08%, so it’s fairly close. Golem Network Token’s bullish momentum, based on its distance from its 20 day moving average, is roughly middle-of-the-pack relative to the cryptos we’re tracking. In terms of volatility, Golem Network Token exhibits greater price volatility than approximately 37% of coins in our index, so it’s notably less volatile than the other cryptocurrencies we’re monitoring. If volatility over the past three weeks is any indication of what’s to come, we can expect Golem Network Token to bounce between 0.08208889 and $0.1050071 US dollars per coin.
Where to trade Golem (symbol: GNT): Gate, Yobit, Binance, Ethfinex
Volume Update
In the span of the preceding 7 days, Golem’s daily volume, in terms of its own unit of currency, has fluctuated between 2,876,802 and 43,584,982. Looking back over past 21 days, the trend in volume,like the trend in price, is choppy and does not reveal a clear direction. The past 7 days saw Golem’s trading turnover — meaning the percentage of its available supply that was traded — come in at 1.49%. Its trading turnover percentage is higher than about 44.33% of the coins we’re tracking, so it’s middle-of-the-pack; investors/traders may thus wish to consider their liquidity requirements to make sure the coin matches their needs and their expected trading volume.
Engagement Update
Golem Network Token saw the number of wallets holding its coin go from 101,007 to 101,147 over the past week — a change of 0.14%. And in regards to cumulative transactions logged on the blockchain, they went from 903,592 to 905,904, which amounts to a change of 0.26%. This translates to a combined engagement growth rate of 0.40% for Golem Network Token — which is higher than 20.00% of the cryptocurrencies we’re reporting on. This could indicate that its change in engagement is below average, at least on a percentage basis.
Technology Development Status
Golem currently has 30 public repositories on GitHub, with the oldest one now 3.56 years young. The last recorded update to its public repositories was within the past day, which is pretty good, as it suggests the coin is still under active and rapid technical development. Golem’s public repositories collectively have a total of 2824 watchers, which is very impressive; that’s more than 90 % of the top 100 coins we compare it to. The coin has 595 outstanding issues in the backlog awaiting to be addressed by the core development team. Its number of watchers, when viewed against its open issues count, is a bit below average, and thus potentially concerning. We view the ratio of open issues on Golem’s GitHub repos relative to the number of developers who follow its repos as a way to quantitatively assess the health of a coin’s software development processes, and for Golem we see that it fares better than only 30% of the coins we group Golem in.
Golem News and Commentary
The top theme being discussed about Golem in the past week is listed below. If available, we added an excerpt from the article to help give a taste of what it is about.
Computation Be Free! Introducing the Hoard Code Compiler Powered by Golem U
Where to Buy
You can trade Golem, listed under the symbol GNT, through the following exchanges: Gate, Yobit, Binance, Ethfinex.
Article by SixJupiter
