Price Action
Over the past week, Golem Network Token saw its price go down by -1.24%. It is above its 20 day moving average by 1.28%, so it’s fairly close. Golem Network Token’s bullish momentum, if assessed by its distance from its 20 day moving average, is pretty far negative compared to the other coins we’re covering, and thus may be due for a correction upwards or some kind of a period of low volatility. Regarding volatility, Golem Network Token is more volatile than roughly 39% of coins in our index, so it’s notably less volatile than the other cryptocurrencies we’re monitoring. Based on volatility over the past three weeks, we can expect Golem Network Token to experience a price range in US dollars between 0.08543196 and $0.106653.
Where to trade Golem (symbol: GNT): Gate, Yobit, Binance, Ethfinex
Volume Update
In the week prior, the daily volume for Golem has ranged between 2,597,898 and 17,318,069 currency units. Looking back over past 21 days, the trend in volume is not clear, though price is marching upwards. Over the past week, Golem saw its trading turnover — which we define as average daily trading volume divided by circulating supply — register at 1.25%. Its trading turnover percentage is higher than about 48% 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
The number of wallets holding Golem Network Token went from 101,249 to 101,350 in the past week, marking a change of 0.10%. As for overall transactions, they increased from 907,928 to 910,677 — an increase of 0.30%. The combined engagement growth rate (growth rate in holders plus growth rate in transfers) of Golem Network Token is thus at 0.40% which, relatively speaking, is ahead of 21.21% of the cryptocurrencies we’re tracking. 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 3.6 years young. Its most recent public update was within the past week which is not bad, as the coin is still being updated routinely. Golem’s public repositories collectively have a total of 2834 watchers, which is very impressive; that’s more than 87 % of the top 100 coins we compare it to. The coin has 577 outstanding issues in the backlog awaiting to be addressed by the core development team. Relative to the number of watchers it has, though, 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.
Where to Buy
You can trade Golem, listed under the symbol GNT, through the following exchanges: Gate, Yobit, Binance, Ethfinex.
Article by SixJupiter
