Golem Network Token (GNT) May 20, 2019 Weekly Recap: Price Up 22.52%


Price Action

Since last week, Golem Network Token’s price went up by 22.52%. It is above its 20 day moving average by 12.35%, so it’s somewhat away. 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. Now when considering volatility, Golem Network Token is more prone to sizable price moves than 52% of coins in our index, so it’s volatilty is about what you’d expect for a cryptocurrency in our index. Based on volatility over the past three weeks, we can expect Golem Network Token to experience a price range in US dollars between 0.06181509 and $0.09380091.

Where to trade Golem (symbol: GNT): Gate, Yobit, Binance, Ethfinex

Volume Update

Over the past week, Golem saw its daily volume range between 4,095,375 and 60,896,519 units of its own currency. Looking back over past 21 days, the trend in volume is not clear, though price is marching upwards. Golem experienced a turnover rate of about 2.09% over the past week, which means that is the percent of its available money supply that is traded daily. Its trading turnover percentage is higher than about 46.39% 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 100,846 to 100,839 in the past week, marking a change of -0.01%. As for overall transactions, they increased from 895,639 to 898,856 — an increase of 0.36%. Golem Network Token’s combined growth rate — meaning the sum of its growth rate in holders and transactions — is 0.35% which puts it ahead of 20.00% of the coins in our index. One interpretation of this may be that its change in engagement is below average, at least on a percentage basis.

Technology Development Status

At the moment, Golem has 30 repositories open to the public on GitHub, with the oldest one now being 3.5 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 repos that are visible to the public collectively have 2809 watchers — that’s more than 88 % of the top 100 coins we compare it to. The coin has 635 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 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. Where available, we included a snippet of the article that we thought might be interesting.

Golem (GNT) gets listed on OMGFIN! – Omgfin Exchange

Where to Buy

You can trade Golem, listed under the symbol GNT, through the following exchanges: Gate, Yobit, Binance, Ethfinex.

Article by SixJupiter

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