Price Action
In the week prior, the price for Golem Network Token went up by 0.3%. It is below its 20 day moving average by 1.35%, so it’s fairly close. Golem Network Token’s bullish momentum, determined by its distance from its 20 day moving average, is roughly middle-of-the-pack relative to the cryptos we’re tracking. Regarding volatility, Golem Network Token is more volatile than roughly 4% of coins in our index, so this coin might not move much — something traders and investors will certainly want to keep in mind. If volatility over the past three weeks is any indication of what’s to come, we can expect Golem Network Token to bounce between 0.08913749 and $0.1001825 US dollars per coin.
Where to trade Golem (symbol: GNT): Gate, Yobit, Binance, Ethfinex
Volume Update
Over the past week, Golem saw its daily volume range between 1,624,725 and 19,963,748 units of its own currency. Looking back over past 21 days, the trend in volume,like the trend in price, is choppy and does not reveal a clear direction. Over the past week, Golem saw its trading turnover — which we define as average daily trading volume divided by circulating supply — register at 1.02%. Its turnover rate is more than approximately 39.22% of the cryptocurrencies in our index, so it’s below average, and so there may be some risk that traders/investors have difficulty in getting in and out of positions.
Engagement Update
The number of wallets holding Golem Network Token went from 101,256 to 101,769 in the past week, marking a change of 0.51%. As for overall transactions, they increased from 912,484 to 915,832 — an increase of 0.37%. The combined engagement growth rate (growth rate in holders plus growth rate in transfers) of Golem Network Token is thus at 0.88% which, relatively speaking, is ahead of 29.41% 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 repos on GitHub, with the oldest one clocking in at 3.64 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 repos now have 2842 which is very impressive; that’s more than 90 % of the top 100 coins we compare it to. The coin has 553 total outstanding issues across all 30 of its public repositories on GitHub. 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 32% of the coins we group Golem in.
Golem News and Commentary
Over the past week, we found one link about Golem that we thought was particularly interesting. If possible we included a brief excerpt from the article — be sure to click through for the entire piece.
gWasm in answers — some things you need to know about our latest
Where to Buy
You can trade Golem, listed under the symbol GNT, through the following exchanges: Gate, Yobit, Binance, Ethfinex.
Article by SixJupiter
