Price Action
Since last week, Golem Network Token’s price went up by 2.91%. It is above its 20 day moving average by 3.17%, so it’s slightly away. 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 50% of coins in our index, so it’s volatilty is about what you’d expect for a cryptocurrency in our index. If volatility over the past three weeks is any indication of what’s to come, we can expect Golem Network Token to bounce between 0.08371097 and $0.108141 US dollars per coin.
Where to trade Golem (symbol: GNT): Gate, Yobit, Binance, Ethfinex
Volume Update
In the week prior, the daily volume for Golem has ranged between 3,618,128 and 35,123,239 currency units. In the three weeks prior, 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 2%. This turnover rate is higher than approximately 47.96% of the cryptocurrencies we monitor, which means 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 101,147 to 101,278 over the past week — a change of 0.13%. In terms of blockchain-recorded transactions made by these wallets since their inception, that number changed from 905,904 to 908,235, which translates to growth of 0.26% for the week. Golem Network Token’s combined growth rate — meaning the sum of its growth rate in holders and transactions — is 0.39% which puts it ahead of 14.71% of the coins in our index. One interpretation of this may be that the coin’s usage is not growing much at all.
Technology Development Status
Golem currently has 30 public repos on GitHub, with the oldest one clocking in at 3.58 years young. Its most recent public update was within the past day, which is pretty good, as it suggests the coin is still under active and rapid technical development. Golem’s repos that are visible to the public collectively have 2826 watchers — that’s more than 90 % of the top 100 coins we compare it to. The coin has 577 total outstanding issues across all 30 of its public repositories on GitHub. In comparison 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
