Price Action
Over the past week, Golem Network Token saw its price go up by 12.3%. It is above its 20 day moving average by 18.26%, so it’s a bit of a ways off. Golem Network Token’s bullish momentum, based on its distance from its 20 day moving average, is above average relative to our index of cryptocurrencies. Now when considering volatility, Golem Network Token is more prone to sizable price moves than 76% of coins in our index, so traders can expect a bit more volatility than usual. Based on volatility over the past three weeks, we can expect Golem Network Token to experience a price range in US dollars between 0.06368995 and $0.1064421.
Where to trade Golem (symbol: GNT): Gate, Yobit, Binance, Ethfinex
Volume Update
Over the past week, Golem saw its daily volume range between 3,248,768 and 50,476,313 units of its own currency. In the three weeks prior, 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 2.01%. Its trading turnover percentage is higher than about 48.48% 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
Golem Network Token saw the number of wallets holding its coin go from 100,839 to 100,952 over the past week — a change of 0.11%. As for overall transactions, they increased from 898,856 to 901,226 — an increase of 0.26%. The combined engagement growth rate (growth rate in holders plus growth rate in transfers) of Golem Network Token is thus at 0.37% which, relatively speaking, is ahead of 27.78% of the cryptocurrencies we’re tracking. This growth rate suggests 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 3.52 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 repositories collectively have a total of 2810 watchers, which is very impressive; that’s more than 88 % of the top 100 coins we compare it to. The coin has 626 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.
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.
Top 5 crypto coins to Buy in 2019 – Crytosonic
Where to Buy
You can trade Golem, listed under the symbol GNT, through the following exchanges: Gate, Yobit, Binance, Ethfinex.
Article by SixJupiter
