Golem (GNT) – is finally getting the recognition it deserves. Yesterday, Golem was one of the only cryptocurrencies in a “green zone” while everything else was still bleeding out. Today, the market is back up with a $340 billion market cap overall and it seems that GNT lead the way. After John Mcafee’s prediction of GNT reaching $3 dollars by mid-July, it is safe to say that we won’t see the $.30 cent mark again anytime soon.
Golem currently has a market cap of $435 million and is ranked at #43 on CoinMarketCap. During the month of April, GNT rose over 2,000% which leads many investors, not only McAfee, to believe that the token will surpass $1 soon. This coin can vary quickly become one of the most valued coins in the world and with a market cap of under half a billion dollars, this shows that their is a lot of room for this coin to grow. If Mcafee’s prediction is correct, investors are in for a treat. When doing research on this project, one will find that the technology is actually up to par and capable of climbing up in market dominance. Also, anyone who does research on Mcafee will see that almost every time he has even mentioned a coin, a bull run followed. It is even predicted that Bitcoin is to take a high leap in the month of June. The Golem Network Token (GNT) is a good coin for any investor that is enthusiastic about decentralization and cryptocurrencies – and making a little money.
Golem is a decentralized peer to peer network utilizing Ethereum and smart contracts as transaction systems. Golem is considered the Airbnb for computers, a supercomputer where users could buy and sell processing power in exchange for its token, GNT. In the ecosystem of the Golem Network, a user can loan their unusable or spare computer resources to someone else to execute complex task in exchange for money. Golems token sold out sold out within 20 minutes during its ICO, raising $8.6 million in Ethereum – now worth much more. Golem is a decentralized peer to peer network utilizing Ethereum and smart contracts as transaction systems.
Anyone can use Golem to rent their unused computing resources. Simultaneously, Golem allows every user to buy computing time from from other users to complete virtually any computationally demanding task. Consequently, Golem creates the first global market for idle computing power.
Golem has come under a lot of scrutiny for its slow releases, but the truth is that a huge amount of ICO projects may end up taking longer to finalize their roadmaps than they initially thought. Golem is focused on the specific use can of rendering CGI graphics at a faster and more affordable rate by becoming the world first live decentralized computing market.
Providers can freely set their price in GNT as the rental price and since Golem works as a marketplace these prices will reach equilibrium overtime. The framework of which the platform was made upon consists of a set of requirements which a developer has to follow while implementing a transaction model for their Golem application.
Golem delivers on its project – however, a lot of things in a new market take longer than expected. Over this time, developers and programmers worldwide have been testing Brass Golem Beta on Mac and Windows. Golems developers have been working on security and interface fixes and they have released new software to improve these areas.
Because Golem is decentralized, it can never be monopolized and this is what assures a bright path looking forward. The long term goal of the Golem network is to provide a safe network for sharing computer processing power, while maintaing a secure decentralized ledger. Finally added on major exchanges like Binance and Bittrex, the Golem team has slowly but surely been advancing and it is even possible that the coin could be listed on Coinbase, however that may be a bit further down the road. As more members of the community test out the main net version of Brass Golem, the more development and progression will follow, and the more the value of the token will progress.
— golem (@golemproject) May 11, 2018
The Golem team is creating tools for developers and software companies that will make Golem a good alternative to existing cloud providers. With the right marketing, this project could take over the mainstream in just a few years. However, like all good projects, Golem has managed to do good work while staying under the radar in terms of in-your-face marketing, which is already an obvious reason to look at GNT as a good investment. GNT is one of the few cryptocurrencies we have seen with a real work case and future improvements to the protocol will only advance things. As user base expands, Golem will integrate a variety of new use cases in cooperation with businesses and institutions alike.