Golem Network Profile

GLM
 Crypto
  

USD 0.22  0.01  4.35%   

Market Performance
2 of 100
Odds Of Distress
Less than 30
Golem Network is trading at 0.22 as of the 5th of December 2022, a -4.35 percent decrease since the beginning of the trading day. Golem Network has about a 30 percent probability of financial distress in the next few years of operation and did not have a very good performance during the last 90 trading days. Cryptocurrency ratings for Golem Network Token are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 15th of December 2020 and ending today, the 5th of December 2022. Click here to learn more.
Golem Network Token is peer-to-peer digital currency powered by the Blockchain technology. More on Golem Network Token
Golem Network Token is an online market maker for P2P digital cash denominated as Cryptocurrency. Golem Network Token has been active in the last 3 months, and it is presently trading with a bearish sentiment. Cryptocurrencies such as Golem Network Token are digital assets that allow for secure payments and are represented by ledger entries internal to the system, generally referred to as a blockchain. Blockchain implementations use encryption algorithms and cryptographic techniques that safeguard entries in the ledger. Cryptocurrency assets such as Golem Network Token are becoming very popular among investors and have been praised for their portability, inflation resistance, and transparency. However, they face a lot of criticism, including lack of tax regulations, exchange rate volatility, and infrastructure vulnerabilities.

Golem Network Crypto Coin Highlights

Most cryptocurrency investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend or investor sentiment. Golem Network's investment highlights are automatically generated signals that are significant enough to complement your investing judgment regarding Golem Network or challenge it. These highlights can help you better understand the crypto position you are entering and avoid costly mistakes.
Golem Network Token has very high historical volatility over the last 90 days
Golem Network Token has some characteristics of a very speculative cryptocurrency
Golem Network Token is one of many evolving digital currencies in which encryption is used to regulate the generation of units of currency and verify the transactions independently of a central authority. It is traded on 24 exchanges in multiple currencies. The Golem Network is a decentralized computation network. Using Golem users can buy or sell computational power from other users in a peer to peer environment. Golem is built using Ethereum smart contracts as a transaction system for nano-payments within the network. Golem Network Tokens (GNT) will serve as a secure medium for all transactions within the Golem Network.Starting 19 NOV 2020, Golem Network Token is migrating towards an ERC20 token, mainly because New Golem’s transaction framework is built on Ethereum’s Layer 2, and this scaling method requires tokens to be ERC-20.
Coin TypeGolem Network Token
IndustryInformation and Communication
FINMAUtility
FCAUtility
AccessPermissionless
Collateralized AssetNo
SymbolGLM
Technology Adoption RatingE+
Market Performance RatingA-
NameGLM
Sponsoredfalse
Built OnETH
Decimal Points18.0
Is Tradingtrue
Asset Launch Date2016-11-17
Full NameGolem Network Token (GLM)
Asset Website Urlhttps://golem.network/
Asset Token StatusFinished
Platform Typetoken
Coin NameGolem Network Token
Total Coins Mined627.91 Million
Smart Contract AddressView
Golem Network (GLM) is traded on CRYPTO Exchanges. Golem Network Token is peer-to-peer digital currency powered by the Blockchain technology.

Golem Network's Exchanges and Markets

EXX Coinbase Poloniex IQFinex ABCC BitMart Binance Braziliex Korbit DigiFinex Bitkub Bithumb HitBTC Bitfinex Yobit ZB Kucoin Exmo Tidex Bibox Bitso CoinEx Tokenomy BigONE

Golem Network Target Price Odds Analysis

What are Golem Network's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of Golem Network jumping above the current price in 90 days from now is about 81.76%. The Golem Network Token probability density function shows the probability of Golem Network crypto coin to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Golem Network Token has a beta of -0.8098. This usually indicates as returns on benchmark increase, returns on holding Golem Network are expected to decrease at a much lower rate. During the bear market, however, Golem Network Token is likely to outperform the market. Additionally, the company has an alpha of 0.2031, implying that it can generate a 0.2 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 0.22HorizonTargetOdds Above 0.22
18.16%90 days
 0.22 
81.76%
Based on a normal probability distribution, the odds of Golem Network to move above the current price in 90 days from now is about 81.76 (This Golem Network Token probability density function shows the probability of Golem Crypto Coin to fall within a particular range of prices over 90 days) .

Golem Network Token Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Golem Network market risk premium is the additional return an investor will receive from holding Golem Network long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Golem Network. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Golem Network's alpha and beta are two of the key measurements used to evaluate Golem Network's performance over the market, the standard measures of volatility play an important role as well.

Golem Network Token Technical Analysis

When it comes to investing in cryptocurrency, such as Golem Network Token, the assumption holds that everything in the market that could affect the price of crypto is already reflected. Therefore, the price of Golem Network, which is currently traded at 0.22, shows everything you need to know about Golem Network Token market value. You don't have to consider the fundamental factors that affect a crypto asset, such as Golem, to determine its price movements. However, the Golem Network's price action will always exhibit trends, even in random market movements, regardless of the timeframe you use - so Golem Network's future price movement is more likely to follow an established trend and the cryptocurrency technical analysis is one of the ways to project Golem Network's future price trend
Transformation
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Golem Network Against Markets

Picking the right benchmark for Golem Network crypto coin is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Golem Network crypto coin price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Golem Network is critical whether you are bullish or bearish towards Golem Network Token at a given time.

Be your own crypto manager

Our tools can tell you how much better you can do entering a position in Golem Network without increasing your portfolio risk or giving up the expected return. As an individual cryptocurrency investor, you need to find a reliable way to track the performance of all your tokens in a consistent way. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall cryptocurrency portfolio.

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How to invest in Golem Network Token

You need to understand the risk of getting into digital currencies such as GLM before investing. The dangers of trading cryptocurrencies are mainly related to their volatility. They are high-risk, speculative, susceptible to errors and hacking, mostly unregulated, and can be affected by forks or other discontinuation events. As an investor, you must understand these perils before you start trading. You can get a long position in Golem Network in four ways:

Buy GLM through an exchange

Get yourself a crypto wallet before embarking on your Golem Network Token journey. Crypto wallets exist as desktop applications, mobile apps, or websites, allowing you to secure your tokens or digital coins. Your crypto wallet stores the private keys to your tokens on the blockchain. Once you have a wallet, visit a reputable exchange and sign up for an account. You will need to complete the KYC process to be allowed to purchase Golem Network Token. But before you can buy the tokens, you have to provide a photo of your ID and proof of address, as well as a selfie. The platform will also require you to secure your account with 2FA before you can fund your account and buy the digital coins.

Purchase fractions of Golem Network through an exchange

You don't have to buy a full token when starting out since GLM is divisible by several decimal places. This allows you to purchase tiny fractions worth cents, but because of network fees, most platforms have a minimum figure, such as $10. You can then build your portfolio with time as you gain more confidence and learn the ropes of crypto trading.

Trade Golem Network Token through a broker

If you don't want to store your Golem Crypto Coin yourself for one reason or another, you can still trade through a broker. Brokers hold your tokens and trade frequently to generate profits. In addition, many brokerage platforms offer derivative products, such as contracts for difference, that enable you to speculate on price movements. Such products also allow brokers to accommodate leverage trading, potentially multiplying your profits.

Invest in GLM through an exchange-traded fund (ETF)

You can also invest in GLM through an exchange-traded fund (ETF). This instrument helps track an asset or select assets. You can buy and sell them on stock exchanges, making them the best option for an average investor. Some ETFs may comprise several coins to spread risk across a portfolio. Such ETFs are created and controlled by picking a basket with several coins, while favoring those that have performed well in the recent past.

Investing Ideas

In addition to having Golem Network in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Thematic Ideas
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Please check Risk vs Return Analysis. You can also try ETF Directory module to find actively traded Exchange Traded Funds (ETF) from around the world.

Other Tools for Golem Crypto Coin

When running Golem Network Token price analysis, check to measure Golem Network's coin volatility and technical momentum indicators. We have many different tools that can be utilized to determine how healthy Golem Network is operating at the current time. Most of Golem Network's value examination focuses on studying past and present price actions to predict the probability of Golem Network's future price movements. You can analyze the coin against its peers and the financial market as a whole to determine factors that move Golem Network's coin price. Additionally, you may evaluate how adding Golem Network to your portfolios can decrease your overall portfolio volatility.
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