Golem is a platform that connects users who need computing power with users who have idle computing resources. Users can trade GLM tokens, the native currency of the network, to access or provide computing services.
Golem Network can handle complex tasks by splitting them into smaller pieces and distributing them among different providers, who can work on them simultaneously. This way GLM may increase the speed and efficiency of the computing process.
It is a decentralized and open source project which aims to create a global and accessible market for computing power.
The price action analysis of Golem cryptocurrency highlights volatility on the daily chart. The price has been consolidating in a range for the past four weeks. The bulls and bears in a tough fight to defend the respective support and resistance levels.
The bulls have maintained themselves firmly near the $0.229 level whereas the bears are holding near the $0.260 level.
Moreover, the long term trend is optimistic and favors the bulls. The 50-day EMA is also favoring the bulls and the price may break higher if it bounces. At the time of writing, the Golem price was trading at $0.245 with an intraday rise of 0.94%, showing positive signs on the chart. It has a 24 hour trading volume of $7.18 Million with an intraday decline of 75.54%.
Golem Price Prediction 2023
The price prediction for 2023 is a neutral to bullish outlook in the short term. The most optimistic view of analysts estimates the price may reach a high of $0.276 by the year-end. The pessimistic view of analysts estimates that the price may drop to $0.208.
Golem Price Prediction 2024
As per the analysts, GLM price may rise as high as $0.478 by 2023, indicating an upside potential of 97.02% from the CMP. However, the pessimistic view of analysts expects the price to reach $0.322.
Golem Price Prediction 2025
The most optimistic analyst forecast for the Golem coin expects the price to reach a high of $0.776 with a potential gain of 219.98% from the CMP. The minimum forecasted price by the end of 2025 is $0.602. The average predicted price till 2025 is $0.520.
Golem Price Prediction 2026
The GLM token price may reach a high of $1.019 if a positive trend prevails in the crypto market. On the flip side, the most pessimistic view of the analysts expects the price to reach $0.770 by 2026.
Golem Price Prediction 2027
According to the analysts’ price prediction for the year 2027, the most optimistic view of analysts estimates the GLM price to reach a high of $1.494. The minimum price target of analysts is $1.083 by 2027.
Golem Price Prediction 2028
Till 2028, the overall crypto market may see more exposure and evolve more. On the most optimistic side, the GLM crypto price may reach a high of $2.114. However, the pessimistic view of analysts expects the price to reach $1.588.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
Source: https://www.thecoinrepublic.com/2023/12/20/golem-price-on-the-verge-of-a-major-breakout-what-to-expect/