Price Action
Since last week, Golem Network Token’s price went down by -4.05%. It is above its 20 day moving average by 2.52%, so it’s fairly close. Golem Network Token’s bullish momentum, based on 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 33% 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 0.08316981 and $0.1047562.
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 1,360,062 and 21,748,163. Looking back over past 21 days, the trend in volume is not clear, though price is marching upwards. The past 7 days saw Golem’s trading turnover — meaning the percentage of its available supply that was traded — come in at 1.27%. Its trading turnover percentage is higher than about 37.89% of the coins we’re tracking, 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 100,952 to 101,007 in the past week, marking a change of 0.05%. In terms of blockchain-recorded transactions made by these wallets since their inception, that number changed from 901,226 to 903,592, which translates to growth of 0.26% for the week. The combined engagement growth rate (growth rate in holders plus growth rate in transfers) of Golem Network Token is thus at 0.31% which, relatively speaking, is ahead of 19.44% of the cryptocurrencies we’re tracking. 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 3.54 years young. The last recorded update to its public repositories 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 2817 watchers, which is very impressive; that’s more than 90 % of the top 100 coins we compare it to. The coin has 609 issues reported across its public repositories. 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 32% of the coins we group Golem in.
Golem News and Commentary
We found one link over the past week about Golem that we thought was especially worth sharing. If available, we added an excerpt from the article to help give a taste of what it is about.
Web 3.0 solutions for game development: Golem and Hoard — partners
Snippet:
The Hoard Code Compiler powered by Golem Unlimited will be, after it’s stabilized and in production, connected to the main Golem network….At first, Golem will enable a compilation of currently developed code using teammates joint desktop processing power.
Where to Buy
You can trade Golem, listed under the symbol GNT, through the following exchanges: Gate, Yobit, Binance, Ethfinex.
Article by SixJupiter
