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Golem Price Prediction in 2021 and Onwards

  • 2 November 2021
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In this post, we will focus on Golem price prediction. In Jewish mythology, a Golem is a magical being made up entirely of inanimate matter (usually clay or mud). Similar to Golems, supercomputers spark the imagination and open up a whole world of new possibilities to us. The Golem network is the exciting next step in the development of supercomputers.

But what is the Golem network, and how does it work? What are its goals in the blockchain and cryptocurrency world? Is it a project with the potential to bloom in the future? And what are crypto experts saying about its future outlook? If you are interested in knowing the answer to these questions and knowing more about Golem (GLM), continue reading this article.

What is Golem (GLM)?

Golem is the world’s first open-source, decentralized supercomputer where computing powers are used for complicated computational processes. Golem is a Platform-as-a-Service, enabling members to send transactions to each other and developers to develop software. Users performing highly complex tasks – like 3D rendering, artificial intelligence, or machine learning– can rent the power of the Golem network to complete the task. In short, Golem provides a decentralized peer-to-peer marketplace for computational power. The network lets anyone sell their unused computational power. There are two main parties involved in the Golem network: requesters and providers. Requesters seek to borrow computational power, and providers are companies or people who lease their computational resources.

The Golem network wishes to provide a better alternative to dominant, centralized cloud services such as Google and Amazon. The technology is very exciting because it effectively removes barriers to time-consuming, resource-intensive tasks. Now that enthusiasts can rent computational power on the Golem network, the resources required to run machine learning algorithms, for example, will be more cost-effective.

Therefore, the Golem network is extremely beneficial for the scientific and research communities. Moreover, many other fields and industries, including a single PC to an entire data center, will benefit from the Golem network. If Golem succeeds, it will not only make these industries accessible to thousands of individuals and companies, but it will also provide the infrastructure for something far significant.  There are many exciting possibilities with Golem.  The chart below helps you understand them better.

Group

Golem Characteristics

Motivating factors for participation

Requesters

Golem provides tools to execute compute-intensive tasks

Requestors get access to affordable and scalable solutions.

Providers

Golem synthesizes and utilizes any kind of existing computing hardware.

Hardware providers receive payment for renting their hardware.

Software Developers

Golem is a flexible platform to employ and monetize software.

Software developers use Golem as a distribution platform, which is also associated with hardware access.

The Golem Network

What Is the Golem Vision?

Golem wants to introduce a new age of decentralization. The Golem vision extends far beyond payments and seeks to redefine how we use and experience the internet. However, there is a significant problem here. Golem currently runs on the Ethereum blockchain. And perhaps you are well aware of the fact that Ethereum has a severe scalability issue, with the limited number of transactions per second. Therefore, the Golem vision will never come to fruition; unless Ethereum moves to a much more scalable Proof-of-Stake model or Golem launches its high throughput Blockchain. Then, in terms of Golem’s roadmap, we are still in the “Brass Golem” stage.

You can buy Golem with crypto cloud mining on a cloud miner website. A valid cloud miner helps you with Bitcoin cloud mining and other cryptocurrencies.

The Golem Network Token (GLM)

The initial GNT, or Golem Network Token, now called GLM token, is the Golem project’s native token. Note that Golem migrated its GNT token to ERC-20 based GLM on November 19, 2020. Therefore, The GNT token began a migration to the new token GLM, where individuals holding GNT could burn their old GNT tokens and receive the new GLM.

GLM ERC-20 token is a crucial part of both existing and planned Golem network features. Its most significant function is serving as a payment method from requestors to providers. It means that users who wish to rent computing power on the Golem network must pay for those resources using GLM. Interestingly, the total supply of the GLM token is already available and capped at one billion. Note that GLM tokens are compatible with Ether wallets. GLM is currently traded on cryptocurrency exchanges such as Binance, OKEx, Huobi Global, Upbit, and Hotcoin Global. Moreover, you can also rent digital resources (just idle computing power on your machine) to get the GLM ERC-20 tokens.

Here we encounter another problem concerning the utility GLM token. The more utility a token has, the more expensive it can become. But as the price increases, the willingness to spend it decreases. Since there is no chance of new GLM entering the system, utility spending may be compromised much earlier than similar projects with a higher hard cap.

 Who Are Golem Founders?

The Golem network was launched on April 28, 2016, by Golem Factory, a company based in Switzerland. The cofounders of the company are Julian Zawistowski, Andrzej Regulski, Piotr Janiuk and Aleksandra Skrzypczak. In 2016, the Golem team sold 82% of the supply of GNT to the public, raising 820,000 ETH (roughly $8.6 million).  The Golem network debuted in 2018, about two years after its initial coin offering (ICO).

Right now, the Golem team consists of 33 members. On the whole, the project’s future success largely depends on its developers continually upgrading and adding more functions to the platform to stand out among competitors. Hence, if the creators come up with unique ideas and a progressive roadmap to attract more users, it will significantly help in increasing the adoption rate and GLM’s price.

A Review of GLM Price History

Golem token traded at one cent in its initial coin offering in 2018. It reached the maximum value of $1.25 on April 13, 2018. But since then, GLM has failed to surpass its previous all-time high of over $1.

Source: CoinMarketCap (Golem Price History)

Golem had tremendous growth in 2021. As Coincodex reports, one year ago, the GLM to USDT exchange rate was 0.08030782120308783. Currently, the Golem price is 549.53% higher than it was last year. The value of GLM increased from $0.10 on January 1, 2021, to $0.68 on March 29, 2021, representing a %580 gain. Golem (GLM) is trading at $0.53 at the time of writing this article on October 30, 2021. It means a staggering 5000 percent return if you were an early investor or have held the token since the beginning.

Golem Price Performance in 2021

It also has to be noted that Golem gained traction in 2021, especially after partnering with Polygon, a Layer 2 frameworks protocol that helps to reduce transaction costs.

Golem Price Prediction in 2021 and Beyond

Before delving into GLM price forecasts, please remember that these estimates are based on current demand and supply, and the actual value can vary. Therefore, you had better take these and any other predictions with a grain of salt. However, we will do our best to provide the most recent and reliable price predictions concerning this cryptocurrency. Then let’s start and review some current viewpoints of leading platforms regarding the Golem price prediction.

WalletInvestor Golem Price Prediction

WalletInvestor is a popular website when it comes to crypto forecasts. According to the WalletInvestor forecast system, GLM is a good long-term (one-year) investment. Therefore, if you are looking for virtual currencies with good returns, GLM can be a profitable investment option. The Golem price is almost $0.526 at 2021-10-29. Based on their forecasts, a long-term increase is expected. Thus, the Golem price prediction for 2026-10-24 is $2.187. As such, with a five-year investment, the revenue is expected to be approximately +315.78%. It means that your current $100 investment may be up to $415.78 in 2026.

WalletInvestor Golem Price Prediction

Golem Price Prediction for the Next Year

WalletInvestor Golem Price Prediction

The platform thinks that the Golem price can increase from $0.526 to $0.862 in one year. Based on WalletInvestor’s forecasts, the price of the GLM token will reach $1 by 2022. Hence, the long-term earning potential is +63.89% in one year. Since this virtual currency has a positive outlook, WalletInvestor recommends it as a part of your investment portfolio.

TradingBeasts Golem Price Prediction

The platform thinks that the Golem price prediction will be $0.6572285 by the beginning of November 2021. The expected maximum price is $0.8215356, and the minimum GLM value is $0.5586442. The Golem price is forecasted to reach $0.6605946 by the end of 2021. The expected maximum price is $0.8257433, and the minimum value is $0.5615055.

TradingBeasts Golem Price Prediction

The Golem Price Prediction for 2021

The Golem price prediction is likely to reach $0.6637435 by the beginning of January 2022. Their predicted maximum price is $0.8296793, and the minimum price is $0.5641819. In October 2022, their Golem price prediction is to be on average $0.6979491. Therefore, according to their forecasts, the Golem price will increase in 2022. Now, the Golem price is $0.5235810, but by the end of 2022, the average Golem price is expected to be $0.7010767.

Cryptoground Golem Price Prediction

According to the website, it is profitable to invest in Golem (GLM) for the long term. It predicts that the price of Golem (GLM) will be about $0.8573 in 2023. Accordingly, the GLM price will be around $1.5509 in the next five years.

Cryptoground Golem Price Prediction

Source: Cryptoground (Golem Price Prediction)

Digital Coin Price Golem Price Prediction

Golem Price Prediction from 2021 to 2028

As shown in the graph above, the platform predicts that GLM will be $0.7773645581 in 2021. Moreover, GLM price will reach ($0.9375214729) in 2022, ($1.14) in 2023, ($1.34) in 2024, ($1.55) in 2025, ($1.85) in 2026, ($2.18) in 2027, and eventually ($2.32) in 2028. Then, the lowest price of GLM tokens will be up to $2.12, and its highest price will be up to $2.55. Therefore, Golem (GLM) prices will increase according to their predicted data. In short, GLM is a profitable investment based on forecasting. According to their technical analysis data, the GLM token reflects a promising future.

Gov Capital Golem Price Prediction

Their historical data indicates that the digital asset price has been in an uptrend for the past year. According to their forecast system, the Golem price prediction will be $0.83153602451912 (representing a %56.304 growth) after a year. Consequently, if you invest $100 now in GLM, your current investment may be worth $156.304 on October 30, 2022. It also means that this cryptocurrency is suited as a new addition to your portfolio, as trading in bullish markets is always a lot easier.

Source: Gov Capital (Golem Price Prediction)

Price Prediction Forecast

Based upon the Price Prediction website,  The GLM price will be at least $0.057 by the end of 2021. Accordingly, the highest value of the GLM token will be $0.059, and its lowest amount will be $0.054 this year. You can see their predicted values for GLM token in the following table:

Golem Price Prediction from 2021 to 2030

Conclusion

According to the latest Golem predictions gathered, the value of the GLM token is likely to go up. As you can see, it is a growing project in the cryptocurrency sector and there will be a massive demand for its technology and computing power. Therefore, many crypto experts and investors see in Golem great potential for growth for the future.

Note that Golem will reach a final development stage in 2022-2023, and its eight-year development plan will be revealed in 2025. Hence, it has a long way ahead to go before grabbing a significant share of the cloud computing industry. As discussed earlier, it has to overcome some barriers. If everything proceeds according to Golem’s long-term goal, the price might rise much more. On the whole, its future success depends on many factors, particularly technological solutions of the Golem team, new partnerships and upgrades, and investor backing. So if you want to invest in GLM, you had better add it to your watch list and make sure to research well and only invest an amount that you can afford to lose.

One response to “Golem Price Prediction in 2021 and Onwards”

  1. Herve Fodouop says:

    Good informations

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