Introduction to Golem Network Token
Golem (GLM) emerged as a pioneering project in the decentralized computing space when it launched on November 18, 2016. As a key component of the Web3 ecosystem, Golem enables users to rent out their unused computing power or purchase computational resources in a peer-to-peer marketplace.
The native GLM token currently trades at $0.250 with a maximum supply of 1,000,000,000 coins. This digital asset has established itself as a significant player in the decentralized infrastructure sector, ranking #164 in the overall cryptocurrency market with a market capitalization of $317,994,216.
Current Market Performance
- Price: $0.250
- 1-hour change: -0.48%
- 24-hour change: -3.43%
- Weekly change: 0%
- All-time low: $1 (current)
- Trading volume (24h): $15,085,406 (-9.87% change)
- Circulating supply: 1,000,000,000 GLM
- Market cap: $317,994,216
👉 Discover more about decentralized computing tokens
Historical Price Analysis
Golem's price history reflects the volatility typical of cryptocurrency markets. The project has experienced significant fluctuations since its inception, with notable periods of growth and correction. Understanding these historical patterns helps investors assess potential future movements.
Key historical metrics:
- Launch price: N/A
- All-time high: N/A
- Annual inflation rate: 0.029%
- Historical ROI: 0.25% since launch
Fundamental Indicators Breakdown
Network Activity Metrics
- Daily active addresses: 113
- Total active addresses: 112
- 24h transactions: 22,506 (+22,506% change)
- 7-day transactions: N/A
- Gini index: 0.985 (indicating high wealth concentration)
Supply Distribution
- On exchanges: 2,682,506 GLM
- Off exchanges: 80,654,494 GLM
- Age consumed: 29,533,918 GLM
👉 Learn how to analyze crypto fundamentals
Technical Analysis and Price Indicators
Golem's technical landscape presents several interesting observations:
- Current sentiment: Greed (Fear & Greed Index at 66)
- Short-term projection: Potential move to $0.265 in next quarter
- Medium-term outlook: Possible climb to $0.28 in six months
- Key resistance levels: N/A
- Key support levels: N/A
The asset's technical indicators suggest cautious optimism among traders, though the high Gini index indicates concentration among large holders could impact price stability.
Social Sentiment and Community Analysis
Social metrics provide insight into community engagement:
- Fear/Greed Index: 66 (Greed)
- Social volume change (24h): -0.45%
- Positive sentiment: 0%
- Reddit activity: N/A
- Holders count: 9
The declining social volume suggests waning interest, while the greed sentiment indicates potential over-optimism among current traders.
Price Prediction and Future Outlook
2025 Projections
- Average price: $0.13
- Potential high: N/A
- Potential low: N/A
Long-term Forecast (2025-2029)
| Year | Minimum | Average | Maximum | ROI Potential |
|---|---|---|---|---|
| 2025 | $0.000 | $0.13 | N/A | -100% to N/A |
| 2026 | $0.000 | $0.000 | $0.000 | -100% |
| 2027 | $0.000 | $0.000 | $0.000 | -100% |
| 2028 | $0.800 | $1.000 | $1.200 | 300% |
| 2029 | $0.800 | $1.000 | $1.200 | 300% |
Frequently Asked Questions
What determines Golem's price?
Golem's price is influenced by network usage, decentralized computing demand, overall crypto market trends, and adoption rates in the Web3 ecosystem.
Is Golem a good investment?
As with any cryptocurrency, Golem carries both potential rewards and risks. The long-term outlook depends on adoption of its decentralized computing platform and broader market conditions.
How does Golem compare to other decentralized computing projects?
Golem was among the first in this space, but faces competition from newer projects offering similar services. Its established network gives it an advantage in some aspects.
What's the best strategy for trading GLM?
Most analysts recommend a balanced approach combining fundamental analysis of network growth with technical indicators for timing entries and exits.
Can Golem reach $1 again?
Based on current projections, some models suggest this possibility by 2028-2029, but cryptocurrency prices are notoriously volatile and unpredictable.
Where can I store GLM securely?
GLM can be stored in most Ethereum-compatible wallets since it's an ERC-20 token, including hardware wallets for maximum security.
Conclusion
Golem represents an innovative approach to decentralized computing resources, though its token economics and price action demonstrate the volatility inherent in cryptocurrency markets. While short-term projections suggest modest gains, long-term models indicate potential for significant growth by 2028-2029 if adoption increases.
Investors should conduct thorough research, consider market conditions, and assess their risk tolerance before engaging with GLM or any cryptocurrency. The decentralized computing sector continues to evolve, and Golem's future will depend on its ability to maintain relevance in this competitive space.