Coin-related
Price calculator
Price history
Price prediction
Technical analysis
Coin buying guide
Crypto category
Profit calculator
Golem priceGLM
Golem price calculator
More cryptocurrencies calculator >Golem price live data summary
What is the highest price of GLM?
What is the lowest price of GLM?
Golem price prediction
When is a good time to buy GLM? Should I buy or sell now?
What will the price of GLM be in 2025?
What will the price of GLM be in 2030?
Golem ratings
About Golem (GLM)
What Is Golem?
Golem is a decentralized marketplace for computing power, operating on a blockchain-based software system. Founded by the Golem Factory in 2016, with its network officially launching in 2018. Golem aims to democratize access to digital resources, fostering a global peer-to-peer supercomputer that resides in the cloud. This initiative has garnered a massive user base across continents, enhancing both its value and utility.
Golem facilitates the seamless buying and selling of computational power for a myriad of applications including artificial intelligence, cryptocurrency mining, and computer-generated image rendering. By leveraging blockchain technology, Golem nurtures an ecosystem where users can trade computational resources with autonomy over pricing and availability, thereby revolutionizing the traditional cloud computing sector.
Resources
Whitepaper: https://assets.website-files.com/60005e3965a10f31d245af87/60352707e6dd742743c75764_Golemwhitepaper.pdf
Official Website: https://www.golem.network/
How Does Golem Work?
Golem operates as a decentralized supercomputer, amalgamating the computational power of its users to foster more ambitious software solutions in the market. Built on the Ethereum blockchain, Golem utilizes the expansive Dapp and DeFi ecosystem to enhance user experience, maintaining network validity and security. This network connects buyers and sellers in a manner that allows them to offer computations at a reduced rate compared to conventional platforms.
The Golem network is adept at handling tasks that necessitate substantial processing power, such as rendering CGI elements. It employs a fraction of the computational power supplied by sellers in the peer-to-peer market to accomplish tasks almost instantaneously, bypassing the expensive and time-consuming processes associated with traditional cloud computing service providers.
Furthermore, Golem is equipped with developer support, encouraging creators to innovate and develop immersive Dapps. Its open-source nature and cutting-edge architecture foster efficiency and security, promoting creativity within the community. This flexible protocol stands as a viable alternative to centralized cloud computing providers, offering transparency, accessibility, and protection against data breaches.
What Is GNL Token?
The GLM token, initially introduced as the GNT token, serves as the utility token of the Golem network. Users can use GLM tokens to rent computing power or execute smart contracts on the Golem network. Moreover, individuals can earn GLM tokens by sharing their unused computational power with others, fostering a vibrant market for those seeking to sell or rent computer power. GLM has 1,000,000,000 tokens in total supply. All of them are in circulation.
Golem's Impact on Finance
Golem's inception marks a significant shift in the financial landscape, particularly in the decentralized finance (DeFi) sector. By offering a cost-effective avenue to secure returns on unused computer power, Golem has carved a niche in the market, providing users with an opportunity to profit from their computational resources. Moreover, Golem's censorship-resistant approach offers an unrestricted, proxy-free network, mitigating the prevalent issues of content censorship in the market.
However, Golem faces stiff competition in the distributed computing sector, with several projects offering similar solutions. To secure a substantial market share, Golem needs to continually innovate and develop products that surpass those of its competitors. Despite the challenges, Golem's unique value propositions and its commitment to fostering a micro-economy powered by the Golem cryptocurrency have garnered immense attention, especially among software developers.
What Determines Golem's Price?
In the dynamic world of cryptocurrencies, the Golem token price is influenced by a myriad of factors that resonate with both its technical prowess and market sentiments. The Golem (GLM) price today mirrors the decentralized architecture that empowers individuals and businesses to share unused computational resources, fostering a global peer-to-peer supercomputer. This unique proposition has been a cornerstone in determining the Golem cryptocurrency price, offering a cost-effective alternative to mainstream cloud computing services and attracting a substantial user base. Moreover, the GLM token price is closely linked to developments within the Ethereum ecosystem since Golem capitalizes on Ethereum's extensive Dapp and DeFi infrastructure to enhance user experience and network security.
As we delve deeper into the Golem crypto price forecast, it is imperative to consider the role of the GLM token, an asset adhering to the Ethereum ERC-20 standard. The Golem (GLM) price prediction is often dictated by the utility and demand for GLM tokens, which facilitate the renting of computing power or the execution of smart contracts on the Golem network. Furthermore, GLM price analysis must incorporate the increasing adoption rates since its inception in 2016 by the Golem Factory, a Swiss entity led by prominent figures such as Aleksandra Skrzypczak and Julian Zawistowski. The Golem price history reveals a trajectory of growth, spurred by its dedication to creating a censorship-resistant, transparent, and accessible platform, attracting a substantial number of developers and content creators.
Taking a broader view of the Golem GLM price in USD, it becomes clear that the Golem network's supercomputing capabilities have distinguished it in the competitive domain of decentralized cloud computing platforms. The Golem token price chart reflects the network's capacity to offer unprecedented computational power at a fraction of the cost, presenting itself as a practical option for researchers and developers pursuing ambitious software solutions. As we monitor the prospects of the Golem cryptocurrency future, the unique value propositions, vibrant community, and robust developer support appear to be central in shaping the real-time developments in the Golem (GLM) price live. Therefore, for those seeking to stay updated on the current Golem token price, it is wise to keep a close eye on the community developments and the broader Ethereum ecosystem, as they are poised to be significant indicators in the unfolding GLM cryptocurrency news and shifts in the Golem price graph.
Golem price performance in USD
Golem price history in USD
Golem market information
GLM to local currency
Crypto calculatorHow to buy Golem(GLM)
Create Your Free Bitget Account
Verify Your Account
Buy Golem (GLM)
Trade GLM perpetual futures
After having successfully signed up on Bitget and purchased USDT or GLM tokens, you can start trading derivatives, including GLM futures and margin trading to increase your income.
The current price of GLM is $0.3244, with a 24h price change of -2.80%. Traders can profit by either going long or short onGLM futures.
Join GLM copy trading by following elite traders.
Golem news
See moreNew listings on Bitget
Buy more
FAQ
What is use case of Golem?
Is Golem a good investment?
What is Golem price prediction?
How are the token distibuted?
Can you stake Golem?
Is Golem safe?
What is the current price of Golem?
What is the 24 hour trading volume of Golem?
What is the all-time high of Golem?
Can I buy Golem on Bitget?
Can I get a steady income from investing in Golem?
Where can I buy Golem with the lowest fee?
Where can I buy Golem (GLM)?
Video section — quick verification, quick trading
Trade
Earn
GLM/USDT
SpotGLM/USDT
MarginGLM/USDT
USDT-M Futures
Golem Social Data
In the last 24 hours, the social media sentiment score for Golem was 4, and the social media sentiment towards Golem price trend was Bullish. The overall Golem social media score was 32,569, which ranks 589 among all cryptocurrencies.
According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,058,120 times, with Golem being mentioned with a frequency ratio of 0.01%, ranking 449 among all cryptocurrencies.
In the last 24 hours, there were a total of 323 unique users discussing Golem, with a total of Golem mentions of 56. However, compared to the previous 24-hour period, the number of unique users decrease by 12%, and the total number of mentions has decrease by 2%.
On Twitter, there were a total of 8 tweets mentioning Golem in the last 24 hours. Among them, 88% are bullish on Golem, 0% are bearish on Golem, and 13% are neutral on Golem.
On Reddit, there were 0 posts mentioning Golem in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 100% .
All social overview
4