Golem Price Pumping 55% to $0.3645 - Should You Buy this Crypto Today?
Golem is on a bullish streak, having increased by more than 55% in seven days to trade at $0.36350. GLM is known for massive euphoric surges followed by severe retracements. Speaking about Golem Network's introduction, it's a revolutionary decentralized computation network that distributes excess computing power to those in need.
The network creates a peer-to-peer organization where users can buy and sell computing and join on an equal footing. GLM is the utility token that is the gateway to the Golem Network. Users can also rent idle digital resources or assets with extra computational power using the Golem (GLM) cryptocurrency in peer-to-peer transactions.
The current Golem price is $0.368242, and the 24-hour trading volume is $393 million. Golem has increased by 4.99% in the last 24 hours. A day before, the GLM/USD pair opened at $0.3317, placing a high of $0.4782 and a low value of $0.3134.
CoinMarketCap now ranks #98, with a live market cap of $368 million. It has 1,000,000,000 GLM coins in circulation and a maximum supply of 1,000,000,000 GLM coins.
What's driving an uptrend in GLM? Let's find out...
The network's official Twitter feed released a tweet on September 6th. According to the tweet, their coders earn between $3,000 and $10,000 monthly. However, the benefits they bring go far beyond monetary compensation. They urged developers not to send CVs if that was all they wanted.
Hiring new employees indicates that the company is expanding, which boosts investor confidence. As a result, investors begin investing in those companies, expecting a higher growth rate to cause a surge in the coin's price. This could be one of the reasons for the recent uptick in Golem prices.
According to the tweet, Golem provides a
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