Golem coin, not to be confused with the beast of Jewish folklore, was among one of the only cryptocurrencies that continued seeing gains on Wednesday after Tuesday’s bullish market. With a market cap of $5.19 million, Golem is ranked 35 of the cryptocurrency list. Also known as the “AirBnB of computing,” Golem is a global, open-source, decentralized supercomputer that can be accessed by anyone. In other words, it provides a market for putting your computer's excess CPU power to use for other people. That way, you could arguably make money while browsing your computer. Their ecosystem enables users and applications to rent out cycles of other users’ machines. Any user, from a single PC owner to a large data center can share resources through Golem and get paid in Golem Network Tokens, or GNT. Golem utilizes an Ethereum-based transaction system to settle payments. In fact, Golem CEO, Julian Zawistowski, believes Ethereum is by far the most promising blockchain platform, and that Golem could only be possible thanks to Ethereum. Golem itself is often talked about as one of the most ambitious projects ever built on the Ethereum blockchain. It’s token, GNT, is tradable on popular exchanges such as Poloniex, Bitfinex or Bittrex. Calculated by TradingView charting platform, GNT/USD tested above the daily Ichimoku cloud on Wednesday as it approached the $0.65 level. If a break is confirmed, we could see further gains towards the 50% Fibonacci retracement level of $0.77 in June. Thanks for watching, invest responsibly, and I’ll see you with more updates next time.
For more from Invest Diva, click here
HIGH RISK Investment Trading forex (also known as foreign exchange or currencies) on margin carries a HIGH LEVEL OF RISK, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, risk appetite, and the amount of your expendable income. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should ONLY invest money that you can afford to lose! You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Forex Diva Trading Opinions Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and education, and does not constitute advice. Forex Diva will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Recommended Content
Editors’ Picks
SEC doubles down on TRON's Justin Sun lawsuit dismissing claims over jurisdiction
The SEC says it has jurisdiction to bring Justin Sun to court as he traveled extensively to the US. Sun asked to dismiss the suit, arguing that the SEC was targeting actions taken outside the US.
XRP fails to break past $0.50, posting 20% weekly losses
XRP trades range-bound below $0.50 for a sixth consecutive day, accumulating 20% losses in the last seven days. Ripple is expected to file its response to the SEC’s remedies-related opening brief by April 22.
ImmutableX extends recovery despite $69 million IMX token unlock
ImmutableX unlocked 34.19 million IMX tokens worth over $69 million early on Friday. IMX circulating supply increased over 2% following the unlock. The Layer 2 blockchain token’s price added nearly 3% to its value on April 19.
Bitcoin Weekly Forecast: BTC post-halving rally could be partially priced in Premium
Bitcoin price briefly slipped below the $60,000 level for the last three days, attracting buyers in this area as the fourth BTC halving is due in a few hours. Is the halving priced in for Bitcoin? Or will the pioneer crypto note more gains in the coming days?
Bitcoin: BTC post-halving rally could be partially priced in Premium
Bitcoin (BTC) price briefly slipped below the $60,000 level for the last three days, attracting buyers in this area as the fourth BTC halving is due in a few hours. Is the halving priced in for Bitcoin? Or will the pioneer crypto note more gains in the coming days?